Edible Packaging Market To Witness Huge Potential In The Future

Edible Packaging Industry

The global edible packaging market size was estimated at USD 920.78 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% during the forecast period 2023 to 2030. Edible packaging is made from natural and edible materials such as cellulose, starch, and proteins which are designed to be consumed along with the product. The market growth is attributed to increased demand for sustainable packaging and demand for processed foods. For instance, evoware manufactures seaweed burger wraps for packaging burgers that are to be consumed with the burger.

The U.S. market for edible packaging has been growing rapidly owing to several factors such as growing consumer awareness and demand for eco-friendly packaging solutions. In addition, stringent government regulations for promoting manufacturers to adopt sustainable packaging options are driving the market in the country. For instance, the U.S. government has been emphasizing and encouraging manufacturers to adapt to eco-friendly packaging through initiatives such as Food Recover Hierarchy and Sustainable Packaging Coalition.

Gather more insights about the market drivers, restrains and growth of the Global Edible Packaging market

In addition, owing to the busy schedules of consumers, the need for processed foods is growing in the country. These processed foods require a longer shelf life, which is offered by edible coatings and films. Hence, the large consumption of processed foods in the country has a positive impact on the edible food packaging market. Moreover, the market is driven by several key players in the country manufacturing edible packaging solutions such as JRF Technology, LLC, MonoSol, LLC, evoware, and others.

Edible Packaging Market Report Segmentation

Source Outlook (Revenue, USD Million, 2018 - 2030)
- Plant
- Animal
Material Outlook (Revenue, USD Million, 2018 - 2030)
- Protein
- Polysaccharides
- Lipid
- Others
Packaging Type Outlook (Revenue, USD Million, 2018 - 2030)
- Films
- Coatings
- Others
End-Use Outlook (Revenue, USD Million, 2018 - 2030)
- Food & Beverages
- Pharmaceutical
Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
  - US
  - Canada
  - Mexico
- Europe
  - Germany
  - France
  - UK
  - Italy
  - Spain
- Asia Pacific
  - China
  - India
  - Japan
  - South Korea
  - Australia
  - Southeast Asia
- Central & South America
  - Brazil
  - Argentina
- Middle East & Africa
  - Saudi Arabia
  - United Arab Emirates
  - South Africa

Key Companies & Market Share Insights

Key Companies resort to multiple mergers and acquisitions in a bid to gain market share in a particular region. In some cases, the companies build technological collaborations to produce an advanced product with superior performance characteristics to increase revenue. For instance, in April 2023, SARIA International, a manufacturer of food and pharmaceutical products announced the acquisition of Devro, a global supplier of edible packaging solutions. This acquisition is expected to help SARIA International to expand its product portfolio and strengthen its position in the sustainable packaging market. Some prominent players in the global edible packaging market include: