The global edible packaging market would expand at healthy CAGR of 7.23% over the period between 2020 and 2027 and to reach the market value of around US$2.1 bn by 2027. Edible packaging is a thin material used for wrapping or coating food materials and drugs to extend the shelf life of the product and can be consumed together or removed before consumption. Packaging material needs to adhere to the properties of safe-food ingredients and attain Generally Recognized As Safe (GRAS) status as per the Food and Drug Administration (FDA) regulations. Edible packaging material is usually extracted from the biomass, such as plants and animals, and hence, it is biodegradable.
Rising demand for biodegradable packaging across the world, growing processed food markets, and globally increasing innovation in food packaging are the key factors driving the market growth.
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The study has considered the base year as 2019, which estimates the market size of market and the forecast period is 2020 to 2027. The report analyzes and forecasts the market size, in terms of volume (thousand units) and value (USD million), for the market. The report provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). The report covers key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
End Use Insights
Food & beverages and pharmaceuticals are the key end user industries in the global edible packaging market. In food & beverages industry, the product is widely used for the packaging of various food products, including fresh food, cake & confectionery, baby food, dairy products, and functional foods. Growing demand for processed food products across the world owing to changing lifestyle is anticipated to drive the demand for edible packaging in the coming years.
Pharmaceutical segment is expected to advance at the highest rate over the forecast period. Edible packaging is mainly used for the packaging of capsules in pharmaceutical industry. Growing health consciousness across the world has been fueling pharmaceutical and nutraceutical markets across the globe; this is expected to favorably impact the product demand from 2019 to 2027.
Protein is a predominantly preferred material in the global market. In 2018, protein was the dominant material segment with a market revenue share of 45.6%. Protein films are made of casein, whey, collagen, gelatin, plants, zein, soy, and gluten. Protein-based films possess better gas barrier properties in comparison with polysaccharides and lipid-based films. In addition, these films also have better mechanical properties as compared to other material segments owing to unique structure of protein. However, the films provide poor water vapor resistance and mechanical strength in comparison with synthetic polymers and this limits their widespread application in end-use industry.
Polysaccharides is also significantly used for making edible packaging as it acts as a considerable barrier to oxygen and carbon dioxide at low and moderate humidity. Polysaccharides are mainly derived from chitin, starch, cellulose, gum, and others. Increasing development in the global market is expected to drive polysaccharides demand over the next few years.
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North America held the largest share in the global market in 2018. Presence of a large-sized processed food and pharmaceutical industries coupled with the existence of a large number of edible packaging producers attributes for its leading position in the global market. Furthermore, increasing innovation in edible packaging space, particularly in the U.S. is anticipated to fuel the market over the forecast period.
Asia Pacific market is expected to grow at the highest rate from 2019 to 2027. Increasing awareness among the consumers regarding drawbacks of excessive use of plastics for food packing coupled with growing ban on single-use plastics is the key factor leading to remarkable demand for the product in the region. Expanding food & beverages and pharmaceuticals industries are also expected to strengthen product demand over the next few years. However, high product cost and hygiene issues during product transportation are projected to hamper the market growth in the region.
Some of the key players present in the market include WikiCell Designs, Inc.; MonoSol, LLC; Tate and Lyle Plc; JRF Technology LLC; SAFETRACES, Inc.; Devro; Evoware; Ingredion, Inc.; NAGASE & CO., LTD.; and Bluwrap.
By Material Type
- Protein Films
- Composite Films
By End User
- F&B Manufacturing
- Fresh Food
- Cakes & Confectionery
- Baby Food
- Dairy Products
- Other Food Products
- North America
- Latin America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
The Edible Packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Edible Packaging market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Edible Packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Edible Packaging market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Edible Packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Edible Packaging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Edible Packaging by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Edible Packaging market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Edible Packaging market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Edible Packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Edible Packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Edible Packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Edible Packaging market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Edible Packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Edible Packaging market. These factors have benefited the growth of the global market for Edible Packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Edible Packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Edible Packaging are as follows:
- History Year: 2016-2019
- Base Year: 2019
- Estimated Year: 2020
- Forecast Year 2020 to 2027
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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