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IMARC Group, a leading market research company, has recently releases report titled “Edible Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global edible packaging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
The global edible packaging market size reached US$ 908.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,299.0 Million by 2028, exhibiting a CAGR of 6.07% during 2023-2028.
Edible packaging is an innovative and sustainable approach to packaging where the materials used to encase or contain food and beverages are edible and safe for consumption. These materials are typically made from natural and edible substances like seaweed, rice, potatoes, or proteins such as gelatin. Edible packaging is an eco-friendly alternative to traditional plastic and paper packaging, reducing waste and minimizing the environmental impact. Additionally, edible packaging can enhance food preservation and freshness, reducing food waste. As a result, edible packaging is gaining immense traction across the globe as a solution to the plastic pollution problem and aligns with the growing consumer demand for sustainable and biodegradable packaging options.
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The global edible packaging market is primarily driven by the rising number of consumers and industries seeking eco-friendly packaging alternatives due to the increasing awareness of environmental sustainability and the need to reduce plastic waste. Edible packaging is made from natural and edible materials that align with these sustainability goals. Moreover, the escalating demand for convenience and on-the-go food products has accelerated the adoption of edible packaging, particularly in the food and beverage industry. Additionally, numerous technological advancements and innovations in edible packaging materials and manufacturing processes that expand its applications and improve shelf life and safety are propelling market growth. Furthermore, the rising regulatory support for sustainable packaging solutions is contributing to market growth.
The report has segmented the market into the following categories:
Breakup by Material Type:
Breakup by Source:
Breakup by End User:
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The report covers the major market players including:
Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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