Edible packaging is food item coated, wrapped, or contain in edible material. It is available in form of cups, spoons, bowls, packets, etc. It is vegan and bio-degradable in nature and eliminates the waste of packaging material. It is commonly made with wheat, rice, seaweed, etc. and also available in various flavors. Availability of various types of edible packaging in the market is anticipated to increase ins usage among consumers in the global market.
Major factor driving growth of the global edible packaging market is increasing demand for eco-friendly and bio-degradable packaging among consumers owing to increasing concerns regarding packaging waste and waste management. However, high cost of edible packaging may hamper growth of the global market.
The global edible packaging market has been segmented on the basis of material, application, and region. On the basis of material, the market is segmented into proteins, lipids, polysaccharides, surfactants, and composite films. On the basis of application, the market is segmented into pharmaceuticals and food and beverages. food and beverage segment dominates the global market and expected to witness significant growth over the forecast period, due to increasing use of edible packaging for beverages such as soups, coffee, tea and for various food items.
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Based on the region the global edible packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market in Europe is dominating the global market in terms of revenue and expected to witness lucrative growth over the forecast period. North America market is expected to account for major share in terms of revenue in the near future, owing to increasing demand for alternate solution for plastic and another non-degradable packaging. Revenue of Asia Pacific market is expected witness fastest growth over the forecast period, followed by Latin America and Middle East and Africa.
Key players operating in the global edible packaging market include BluWrap, Devro PLC, JRF Technology LLC, MonoSol, LLC, SafeTraces, Inc., Skipping Rocks Lab Ltd, Tate & Lyle PLC, Tipa Corp ltd., Watson, Inc., and WikiCell Designs, Inc.