Meticulous Research® has released a new report, “Edible Packaging Market Size, Share, Forecast, & Trends Analysis by Source (Plant, Animal), Raw Material (Seaweed & Algae, Polysaccharides, Lipids), Packaging Process (Antimicrobial, Nanotechnology, Microbial), End Use—Global Forecast to 2031.” The report forecasts the edible packaging market will grow to $1.98 billion by 2031, with a CAGR of 7.3% from 2024 to 2031.
The market’s growth is fueled by a variety of factors, including increasing environmental awareness and a growing need for alternatives to traditional packaging. The rising consumption of processed foods further drives demand for novel packaging solutions. Additionally, eco-friendly packaging options are becoming more popular due to consumer preferences and regulatory pressures.
Despite this positive outlook, the market faces challenges such as high material costs and strict regulatory requirements, which can slow the pace of innovation. However, technological advancements and ongoing innovation in product development offer significant opportunities for growth.
The report categorizes the market by source, raw material, packaging process, end use, and geography. The plant-based segment is expected to lead the market in 2024, driven by concerns over plastic waste and the rise of plant-based diets. This segment is also projected to see the fastest growth due to increasing consumer demand for plant-based food products.
For raw materials, seaweed & algae are forecasted to capture the largest share of the market in 2024 due to their sustainability and versatility. The polysaccharides segment is expected to experience the highest growth rate, thanks to their environmental benefits and cost advantages.
In terms of packaging processes, antimicrobial solutions are anticipated to dominate the market share in 2024, driven by their ability to prolong food shelf life and enhance safety. The food & beverages segment is expected to account for the largest market share, supported by its broad application and growing demand for attractive packaging. The pharmaceuticals sector is projected to grow the fastest, driven by innovations aimed at improving patient compliance.
Geographically, North America is expected to lead the market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America’s strong market presence is attributed to its advanced food processing industry and significant investments in R&D.
Key Players
Some of the key players operating in the edible packaging market are Notpla Limited (U.K.), Xampla Limited (U.K.), JRF Technology, LLC (U.S.), MonoSol, LLC (U.S.), Evoware (Indonesia), Nagase America LLC (U.S.), Devro Limited (U.K.), TIPA Corp. Ltd. (Israel), Lactips (France), Mantrose-Haeuser Co., Inc. (U.S.), Do Eat (Belgium), Amtrex Nature Care Pvt. Ltd. (India), Glanbia plc (Ireland), and Pace International, LLC (U.S.).
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Key Questions Answered in the Report:
- Which are the high-growth market segments in terms of source, raw material, packaging process, end use, and geography?
- What is the historical market size for edible packaging products across the globe?
- What are the market forecasts and estimates for the period 2024–2031?
- What are the major drivers, restraints, opportunities, challenges, and trends in the edible packaging market?
- Who are the major players in the edible packaging market, and what are their market shares?
- Who are the major players in various countries, and what are their market shares?
- What is the competitive landscape like in the edible packaging market?
- What are the growth strategies adopted by major players in the edible packaging market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the edible packaging market, and how do they compete with the other players?
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