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A novel innovation in food technology, edible food packaging has been a breakthrough in the packaging space. Edible food packaging has cropped up to address the issues pertaining to ethics, food safety, sustainability, and environmental degradation. Edible food packaging has the ability to biodegrade efficiently like the food it contains and can be eaten too. The edible food packaging market has been gaining traction of late, and Market Research Future (MRFR)'s latest study on the global Edible Packaging Materials market throws light on the pertinent factors that can impact the market over the forecast period of 2017-2023. MRFR has predicted a CAGR of 6.2% in the Edible Packaging Materials market.
The packaging industry has been relentlessly searching for alternatives to plastic in order to combat the environmental degradation caused by plastics. Edible Packaging Materials has the potential to minimize and control plastic waste. Food manufacturers, as well as the packaging industry, is pouring in substantial amounts in R&D activities to make developments in the technology which is likely to push the market forward. Moreover, consumers in the present era are highly aware of the environmental implications of the food packaging that surrounds their food purchases. They demand more eco-friendly and sustainable packaging which has prompted food manufacturers to opt for alternative packaging such as Edible Packaging Materials. Edible Packaging Materials has gained widespread adoption in cargo packaging due to their high tensile strength. Other factors include growing urbanization across the globe which has boosted the demand for packaged food products, and, in turn, spurred the demand for Edible Packaging Materials.
Conversely, research in Edible Packaging Materials is still in its infancy and might be met by some obstacles in its growth trajectory. Inferior physical characteristics remain major bottleneck to market growth. Finding edible substances that are cost-effective and can be easily converted into packaging remains a challenge for the market. Moreover, Edible Packaging Materials being a novel technology involves high costs which raises the overall price o the products which restrict mass adoption of Edible Packaging Materials food products. Strict regulatory requirements too limit the growth of the market.
Segmentation
The global Edible Packaging Materials market has been segmented based on material and application.
By material, the Edible Packaging Materials market has been segmented into polysaccharides, lipid, protein films, and others. The lipid segment is leading the market. Lipid compounds act as an excellent barrier of oxygen and water vapor which helps in the prevention of contamination due to which they are extensively used in food packaging. The protein film segment is anticipated to be the fastest-growing segment over the forecast period. Protein films are composed of corn zein, gluten, and casein and provide the body with high immunity and energy levels. Moreover, protein films are considered safe for consumption. The polysaccharides segment is also likely to exhibit noteworthy growth over the forecast period.
By application, the Edible Packaging Materials market has been segmented into Food & Beverage, and Pharmaceutical. Application-wise, the food & beverage segment dominates the market. Augmenting demand for packaged food and beverages, including ready-to-eat meals, snacks, and frozen food products has augured the growth of the segment. Increasing disposable income in emerging economies such as Brazil, India, and China have favored the growth of the segment. The pharmaceutical segment is also estimated to showcase considerable growth over the forecast period.
Regional Analysis
By region, the Edible Packaging Materials market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
North America is the dominant market for Edible Packaging Materials. The rapid expansion of the pharmaceutical industry has reflected favorably on the North America Edible Packaging Materials market. The US is the key contributor to the North America market. High demand for packaged food products and heightened awareness regarding hygiene in food packaging propels the demand for Edible Packaging Materials in the region.
The Europe market accounts for an advantageous share of the global Edible Packaging Materials market. Innovation and development in the Edible Packaging Materials space and growing demand for Edible Packaging Materials in the region are supporting the growth of the Europe market.
The APAC Edible Packaging Materials market is anticipated to showcase rapid growth over the forecast period. The prolific growth of the packaging industry has spurred the demand for Edible Packaging Materials in the region. Moreover, within the context of fast-track urbanization and growing disposable income, the demand for packaged food products has witnessed an upsurge. In addition, the easy availability of raw materials and low cost of operating in the region has prompted various packaging industry players to shift their operations in the region. The key contributors to the APAC Edible Packaging Materials market include China, Australia, India, Japan, and Indonesia.
The RoW market is likely to exhibit moderate growth over the forecast period due to the growing demand for Edible Packaging Materials from the e-commerce sector.
Competitive Landscape
Interpack (U.S.), Ingredion Inc (U.S.), Evoware (Indonesia), Dupont de Nemours and Company (U.S.), Safetraces, Inc. (U.S.), Watson, Inc. (U.S.), Nagase & Co. Ltd. (Japan), Tipa Corp (Israel), Pace International LLC (U.S.), JRF Technology, LLC (U.S.), Coveris Holdigs, (U.S.),Tate & Lyle Plc. (U.K), WikiCell Designs Inc. (U.S.), Devro plc (U.K), and MonoSol, LLC (U.S.) are the key players in the global Edible Packaging Materials market.
Industry Updates
As a response to the magnitude of plastic waste and escalating concerns about plastic packaging, various food manufacturers have ventured into the Edible Packaging Materials space. For instance, Saltwater brewery has developed an edible six pack ring Edible Packaging Materials which is made up of barley and wheat, which is easily compostable if not consumed. Edible spoons have also gained massive popularity among consumers. Indian edible cutlery manufacturer Bakeys created edible spoons made from rice flour, wheat and sorghum, making them 100% vegan.
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