Edible packaging is a type of packaging that is used for wrapping food products or consumables products such as medicine. Edible packaging is mostly done to increase the shelf-life of food products. They are designed to be eaten and have the ability to biodegrade efficiently. Edible packaging is produced from different materials such as surfactant, polysaccharides, protein films, lipid, and composite films.
The global edible packaging market is estimated to be valued at US$ 1,004.8 million in 2021 and is expected to exhibit a CAGR of 6.9% over the forecast period (2021-2028).
R&D in edible packaging is expected to propel growth of the global edible packaging market over the forecast period. For instance, in March 2021, a research team from Sri Venkateswara and Sri Padmavati Mahila Viswavidyalayam Universities (India), Ural Federal University, and Ural Branch of the RAS (Russia) reported development of edible food films for packaging vegetables, fruits, seafood, meat, and poultry.
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Global Edible Packaging Market: Opportunities
The increasing demand for biodegradable films in edible packaging is projected to provide lucrative growth opportunities. It reduces the dependency on fossil fuels and materials such as composite films, polysaccharides, lipid, and cellulose- or starch-based materials can provide new functionalities and properties such as biodegradability. Thus growing demand for biodegradable films in edible packaging is projected to foster the market growth of the edible packaging in the near future.
Major players : MonoSol, LLC (Kuraray Co. Lyd.), JRF Technology, LLC WikiFoods, Inc., Safetraces Inc., and Tate and Lyle Plc
• Global Edible Packaging Market, By Material Type:
◦ Protein Films
◦ Composite Films
• Global Edible Packaging Market, By End Use:
◦ F&B Manufacturing
▪ Fresh Food
▪ Cakes & Confectionery
▪ Baby Food
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