Edible Packaging Market Size, Share, Growth, Trends, and Global Industry Analysis: By Raw Material (Seaweeds & Algae, Polysaccharides, Lipids, Proteins, Surfactants, Composite Films, and Others), By Source (Plant and Animal), By Packaging Process (Antimicrobial, Nanotechnology, Electrohydrodynamic, Coatings, and Microorganisms), By End-User (Food (Fresh Foods, Bakery & Confectionery products, Frozen Foods), Beverages (Alcoholic and Non-Alcoholic) and Pharmaceuticals) and Region Forecast 2020-2031

Edible Packaging Market size was valued at US$ 649,8 million in 2023 and is expected to grow at a CAGR of 4.6% from 2024-2030. Edible Packaging is a eco friendly and sustainable packaging, where the products are made of using plants and other natural materials. It is a kind of packaging which is designed to be eaten and can be biodegraded efficiently through the food that it contains in it. The global market is a growing market in the upcoming forecast period, because of its natural material used for preparation, where these materials are grabbing the attention of many consumers especially in the food & beverages and packaging segments, because it is a safe product for the human consumption hence resulting in the market growth. Further, edible packaging helps in reducing waste, for instance, according to environmental protection committee, around 36.8% household waste is accounted in form of containers and plastic materials. Henceforth, these products can be used as an alternative application for containers in the food and delivery industries.

Moreover, even the edible packaging solutions are gaining importance in the pharmaceutical and beverages industries too which are fueling the market growth, due to the government regulations and the industries attention towards usage of ecofriendly products, and to replace the plastic items which are used for wrapping and alongside the containers too. The evolving changes in packaging is also another aspect to fuel the market growth, where the packaging plays a vital role in perseverance of food quality and guarantee of food duration period, by using this edible packing it is possible.

For instance, countries like India, China and Indonesia are focusing on the edible packaging solutions due to the government regulations supporting the biodegradable packaging and is also establishing base for increasing plants, to produce plant-based products in view of environmental safety. In addition, the growing adoption of convenience food is another factor fueling the market growth, as the life style is changing consumers preference for fast food and packed items is increasing accordingly, which result in the growth of the market. Further, even during the COVID-19 pandemic the only segment which had less interruption is packaged foods, where it was considered as an essential matter so still this will impact the market growth.

Edible Packaging Market Key Developments

• In February 2021, JRF Technologies launched an edible film with Berry Shield Elderberry from INS Farms.
• In February 2020, US based packaging company Sealed Air and Kuraray America announced their collaboration to manufacture plant-based food packaging.