Edible Packaging Market: Current Analysis and Forecast (2021-2027)
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Global Edible Packaging Market was valued around US$ 515 million in 2020 and is expected to showcase a CAGR of around 5.5% during the forecast period (2021-2027). Edible Packaging is the type of packaging which is made up of thin material used for wrapping or coating food materials and drugs. This type of packaging is biodegradable and can be consumed along with the product. Edible packaging or film is majorly made up of film-forming material, plasticizer, and additives.
Pollution caused due to plastics can afflict land, waterways, and oceans. Up to 12 million metric tonnes of plastic waste enters the ocean and the coastal communities every year. This flow of plastics into our environment has reached crisis proportions and it is most evident in our oceans as they are slowly turning into plastic soup which in turn is adversely affecting marine life. Single-use plastics are filling up our landfills, choking our rivers, and contaminating our oceans. Consequently, the world is marking a paradigm shift from the use of single-use plastics to edible alternatives for reducing plastic packaging waste which in turn is positively impacting the growth of this market globally.
The edible packaging market is growing exponentially on account of the growing demand for sustainable packaging and the growing number of startups in this area focused on developing edible wrapping products. For example, Lactips, a French startup, produces water-soluble and biodegradable thermoplastic pellets based on milk protein, casein. Different varieties of this product can be used in several industrial applications, varying from food to cosmetics and even medical, detergent, agrochemicals, etc. Moreover, increasing consumption of processed food coupled with an increase in the number of people adopting a healthy lifestyle has created immense growth opportunities for various industry players to focus on the development of new and innovative edible packaging materials. Thereby, driving the growth of the global edible packaging market.
Ingredion, JRF Technology LLC, Evoware, Bluwrap, Tate & Lyle Plc., MonoSol LLC, WikiCell Designs Inc., Devro plc, Tipa Corp, Nagase America LLC are some of the prominent players operating in the edible packaging market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with new and innovative products.
Insights Presented in the Report
“Amongst Material Type, Proteins segment holds the major share”
Based on material type, the market is fragmented into proteins, polysaccharides, lipids, composite films, and others. The proteins segment generated significant market share in 2020 as protein-based films have better gas barrier properties as compared to other films such as lipid or polysaccharide-based films. In addition to this, better mechanical properties and widespread applications of protein-based edible films are also driving market growth. For example, these films can be used at the surface of food for controlling the diffusion rate of preservative substances from the surface to the interior of the food. However, the polysaccharides segment is also expected to grow at a substantial CAGR in the projected timeframe.
“Amongst Source, Plants segment holds the major share”
Based on the source, the market is fragmented into plant and animal. The plant segment held the prominent market share in 2020 owing to the growing demand for plant-based packaging material among manufacturers and consumers as plant-based food packaging improves food preservative properties. Furthermore, the widespread availability of a number of plant sources for edible packaging is also contributing to the growth of this segment. some of the common sources include fibrous vegetables, starch, carbohydrates, seaweed, among others.
“Amongst End-Use, Food & Beverages segment holds the major share”
Based on the end-use, the market is fragmented into food & beverages, and pharmaceuticals. The food & beverages segment accounted for the significant revenue share in 2020 owing to the growing adoption of edible packaging among food & beverage industry players. Also, the altering lifestyles coupled with the increasing consumption of processed food products across the world is adding pace to the growth of the segment. For instance, in India, consumption of beverages and processed food amounted to 6.8% between 2014-15 which was increased to 7.8% by 2020-21. However, the pharmaceuticals segment is also anticipated to grow at a considerable CAGR during the forecast period.
“North America represents one of the largest markets of edible packaging market”
For a better understanding of the market dynamics of the edible packaging market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America dominated the market owing to the fast-paced modern lifestyle and high-income levels of the consumers in the region leading to a rise in the demand for processed food products.
Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry
Customization Options:
The global edible packaging market can further be customized as per the requirement or any other market segment. Besides this, Researcher understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Pollution caused due to plastics can afflict land, waterways, and oceans. Up to 12 million metric tonnes of plastic waste enters the ocean and the coastal communities every year. This flow of plastics into our environment has reached crisis proportions and it is most evident in our oceans as they are slowly turning into plastic soup which in turn is adversely affecting marine life. Single-use plastics are filling up our landfills, choking our rivers, and contaminating our oceans. Consequently, the world is marking a paradigm shift from the use of single-use plastics to edible alternatives for reducing plastic packaging waste which in turn is positively impacting the growth of this market globally.
The edible packaging market is growing exponentially on account of the growing demand for sustainable packaging and the growing number of startups in this area focused on developing edible wrapping products. For example, Lactips, a French startup, produces water-soluble and biodegradable thermoplastic pellets based on milk protein, casein. Different varieties of this product can be used in several industrial applications, varying from food to cosmetics and even medical, detergent, agrochemicals, etc. Moreover, increasing consumption of processed food coupled with an increase in the number of people adopting a healthy lifestyle has created immense growth opportunities for various industry players to focus on the development of new and innovative edible packaging materials. Thereby, driving the growth of the global edible packaging market.
Ingredion, JRF Technology LLC, Evoware, Bluwrap, Tate & Lyle Plc., MonoSol LLC, WikiCell Designs Inc., Devro plc, Tipa Corp, Nagase America LLC are some of the prominent players operating in the edible packaging market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with new and innovative products.
Insights Presented in the Report
“Amongst Material Type, Proteins segment holds the major share”
Based on material type, the market is fragmented into proteins, polysaccharides, lipids, composite films, and others. The proteins segment generated significant market share in 2020 as protein-based films have better gas barrier properties as compared to other films such as lipid or polysaccharide-based films. In addition to this, better mechanical properties and widespread applications of protein-based edible films are also driving market growth. For example, these films can be used at the surface of food for controlling the diffusion rate of preservative substances from the surface to the interior of the food. However, the polysaccharides segment is also expected to grow at a substantial CAGR in the projected timeframe.
“Amongst Source, Plants segment holds the major share”
Based on the source, the market is fragmented into plant and animal. The plant segment held the prominent market share in 2020 owing to the growing demand for plant-based packaging material among manufacturers and consumers as plant-based food packaging improves food preservative properties. Furthermore, the widespread availability of a number of plant sources for edible packaging is also contributing to the growth of this segment. some of the common sources include fibrous vegetables, starch, carbohydrates, seaweed, among others.
“Amongst End-Use, Food & Beverages segment holds the major share”
Based on the end-use, the market is fragmented into food & beverages, and pharmaceuticals. The food & beverages segment accounted for the significant revenue share in 2020 owing to the growing adoption of edible packaging among food & beverage industry players. Also, the altering lifestyles coupled with the increasing consumption of processed food products across the world is adding pace to the growth of the segment. For instance, in India, consumption of beverages and processed food amounted to 6.8% between 2014-15 which was increased to 7.8% by 2020-21. However, the pharmaceuticals segment is also anticipated to grow at a considerable CAGR during the forecast period.
“North America represents one of the largest markets of edible packaging market”
For a better understanding of the market dynamics of the edible packaging market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America dominated the market owing to the fast-paced modern lifestyle and high-income levels of the consumers in the region leading to a rise in the demand for processed food products.
Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry
Customization Options:
The global edible packaging market can further be customized as per the requirement or any other market segment. Besides this, Researcher understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Details
UMI-19274168
07-Oct-2021
216
07-Oct-2021
216
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