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.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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- 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
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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.
Based on material type, the market is fragmented into proteins, polysaccharides, lipids, composite films, and others. The proteins segment generated revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027. However, the polysaccharides segment is also expected to grow at a substantial CAGR in the projected timeframe.
Based on the source, the market is fragmented into plant and animal. The plant segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027F owing to the growing demand for plant-based packaging material among manufacturers and consumers.
Based on the end-use, the market is fragmented into food & beverages, and pharmaceuticals. The food & beverages segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027F. However, the pharmaceuticals segment is also anticipated to grow at a considerable CAGR during the forecast period.
For a better understanding of the market adoption of edible packaging, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of Asia-Pacific), and Rest of World. North America constitutes a major market for the edible packaging industry and generated revenue of USD XX billion in 2020 owing to a rise in the consumption of processed food products in the region. However, Asia-Pacific is also expected to grow at the highest CAGR during the projected timeframe.
Some of the major players operating in the market include Ingredion, JRF Technology LLC, Evoware, Bluwrap, Tate & Lyle Plc., MonoSol LLC, WikiCell Designs Inc., Devro plc, Tipa Corp, Nagase America LLC, etc. Several M&A?s along with partnerships have been undertaken by these players to develop new and advanced packaging technologies.
Table of Contents
1 MARKET INTRODUCTION
1.1 Market Definitions
1.2 Objective of the Study
1.3 Limitation
1.4 Stake Holders
1.5 Currency Used in Report
1.6 Scope of the Global Edible Packaging Study
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Research Methodology for the Global Edible Packaging Market
2.1.1 Main Objective of the Global Edible Packaging Market
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 COVID-19 IMPACT
6 GLOBAL EDIBLE PACKAGING MARKET REVENUE
7 MARKET INSIGHTS BY MATERIAL TYPE
7.1 Proteins
7.2 Polysaccharides
7.3 Lipids
7.4 Composite Films
7.5 Others
8 MARKET INSIGHTS BY SOURCE
8.1 Plant
8.2 Animal
9 MARKET INSIGHTS BY END-USE
9.1 Food & Beverages
9.2 Pharmaceuticals
10 MARKET INSIGHTS BY REGION
10.1 NORTH AMERICA EDIBLE PACKAGING MARKET
10.1.1 United States
10.1.2 Canada
10.1.3 Rest of North America
10.2 EUROPE EDIBLE PACKAGING MARKET
10.2.1 Germany
10.2.2 France
10.2.3 United Kingdom
10.2.4 Spain
10.2.5 Italy
10.2.6 Rest of Europe
10.3 ASIA PACIFIC EDIBLE PACKAGING MARKET
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 Australia
10.3.5 Rest of Asia Pacific
10.4 REST OF THE WORLD EDIBLE PACKAGING MARKET
11 EDIBLE PACKAGING MARKET DYNAMICS
11.1 Market Drivers
11.2 Market Challenges
11.3 Impact Analysis
12 EDIBLE PACKAGING MARKET OPPORTUNITIES
13 EDIBLE PACKAGING MARKET TRENDS & INSIGHTS
14 LEGAL & REGULATORY FRAMEWORK
15 DEMAND AND SUPPLY SIDE ANALYSIS
15.1 Demand Side Analysis
15.2 Supply Side Analysis
15.2.1 Top Product Launches
15.2.2 Top Business Partnerships
15.2.3 Top Merger & Acquisitions
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
17.1 Porter's Five forces analysis
17.1.1 Bargaining power of Supplier
17.1.2 Bargaining power of Buyer
17.1.3 Industry Rivalry
17.1.4 Availability of Substitute
17.1.5 Threat of new Entrants
18 COMPANY PROFILED
18.1 Ingredion
18.1.1 Key Facts
18.1.2 Business Description
18.1.3 Key Product/Services Offerings
18.1.4 Growth Strategy
18.1.5 SWOT Analysis
18.1.6 Key Financials
18.1.6.1 Revenue Split
18.1.6.2 Financial Overview of Ingredion
18.1.7 Recent Developments
18.1.7.1 Product Launch
18.1.7.2 Partnerships
18.1.7.3 Business Expansion and Investments
18.1.7.4 Merger and Acquisition
18.2 JRF Technology LLC
18.3 Evoware
18.4 Bluwrap
18.5 Tate & Lyle Plc.
18.6 MonoSol LLC
18.7 WikiCell Design Inc.
18.8 Devro plc
18.9 Tipa Corp
18.10 Nagase America LLC
19 DISCLAIMER
Ingredion
JRF Technology LLC
Evoware
Bluwrap
Tate & Lyle Plc.
MonoSol LLC
WikiCell Designs Inc.
Devro plc
Tipa Corp
Nagase America LLC