Global Edible Packaging Market to Reach US$ 1,565.2 Million by 2032, Impelled by Growing Focus on Sustainable Development

June 23, 2022 | Packaging

According to the latest report by IMARC Group, titled "Edible Packaging Market Report by Material Type (Lipids, Polysaccharides, Proteins, Surfactants, and Others), Source (Plant, Animal), End User (Food and Beverages, Pharmaceuticals, and Others), and Region 2024-2032," the global edible packaging market reached a value of US$ 963.8 Million in 2023. Edible packaging is mainly prepared from natural and plant-based materials that can be easily consumed by individuals. It is generally tasteless so as not to be detected during the consumption of edible food products. Some of the commonly used edible packaging films comprise probiotics and milk proteins that aid in providing oxygen barrier to the food items, thus preventing the growth of microorganisms due to the presence of essential nutrients. The demand for edible packaging solutions is increasing across the globe on account of the rising adoption of innovative packaging solutions by leading players.

Global Edible Packaging Market Trends:

The global market is primarily driven by the growing focus on sustainable development. This has encouraged several major players to heavily invest in the adoption of edible packaging solutions. Since traditional packaging is harmful to the environment in terms of decomposition and its manufacturing requirements, there has been a significant increase in the utilization of edible packaging solutions across the globe. Moreover, the increasing consumption of processed food products due to the changing dietary patterns of individuals is impacting the market growth favorably. Additionally, continual technological advancements in the packaging processes in order to protect the food from contamination are creating a positive market outlook. Other factors, including continual improvements in the food and beverage industry and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 1,565.2 Million by 2032, exhibiting a CAGR of 5.4% during 2024-2032.

Market Summary:

On the basis of the material type, the market has been segregated into lipids, polysaccharides, proteins, surfactants and others.
Based on the source, the market has been segmented into plants and animals.
On the basis of the end user, the market has been classified into food and beverages, pharmaceuticals and others.
Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Devro plc, Glanbia plc, Ingredion Incorporated, JRF Technology LLC, MonoSol LLC (Kuraray Co. Ltd.), Nagase & Co. Ltd., Notpla Limited, Safetraces Inc., Tate & Lyle Plc and TIPA Corp Ltd.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Material Type, Source, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Devro plc, Glanbia plc, Ingredion Incorporated, JRF Technology LLC, MonoSol LLC (Kuraray Co. Ltd.), Nagase & Co. Ltd., Notpla Limited, Safetraces Inc., Tate & Lyle Plc and TIPA Corp Ltd.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Edible Packaging Market to Reach US$ 1,565.2 Million by 2032, Impelled by Growing Focus on Sustainable Development

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