Edible packaging becomes a viable way to address the problem of plastic waste and pollution in the food packaging business in a time when environmental consciousness and sustainability are the top concerns of consumers. By offering packaging materials that are not only biodegradable and compostable but also safe for ingestion, edible packaging presents a novel approach.
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The edible packaging market is poised for substantial growth, with expectations of reaching a valuation of US$ 4.18 billion by 2033, indicating an astounding 14.31% CAGR during the projection period. Its rapid global development is fueled in part by a number of important elements, chief among them being its capacity to offer edible products in safe and hygienic packaging.
Edible packaging is becoming increasingly popular due to growing environmental awareness and a stronger commitment to addressing urgent environmental challenges. This creative packaging approach plays a crucial part in mitigating the negative effects of disposing of solid waste in landfills while also reducing the amount of waste packaging material generated. Edible packaging is important in today’s world because it prioritizes both environmental sustainability and product safety.
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Growth Factors
Globally, governments have acted decisively to outlaw single-use plastic in response to growing public awareness of the wasteful use of plastic and its harmful effects on the environment. Concurrently, growing worries regarding waste management have become more pressing, leading to an increased focus on obtaining eco-friendly materials for food delivery and other food service uses.
There’s a significant demand in the market due to the growing use of edible packaging to improve product safety and prolong shelf life. This increase is especially noticeable in the food and beverage sector, where companies are using edible packaging solutions more and more as a greener substitute.
Edible Packaging Market Initiatives: Recent Investments from Well-Known Brands in Start-ups
The edible packaging sector holds significant promise for new businesses and aspiring entrepreneurs. While the industry is in its early stages, it presents a wealth of opportunities for innovation and growth. Emerging startups in the market are actively working to introduce cutting-edge edible packaging solutions. Their strategies often revolve around enhancing market penetration, adapting to the technological needs of specific application sectors, and staying ahead of the competition through product innovation and expansion.
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Key Players:
- WikiCell Designs Inc.
- Tate & Lyle Plc.
- Safetraces, Inc.
- Tipa Corp
- MonoSol, LLC
- Watson, Inc.
- Interpack
- Coveris Holdings
- Devro plc
- Dupont de Nemours and Company
- Ingredion Inc
- Nagase & Co. Ltd.
Competitive Landscape
In the water heater market, key players and innovative vendors include JRF Technology, Pace International, BASF SE, WikiCell Designs Inc., Tate & Lyle Plc., Safetraces, Inc., Tipa Corp, MonoSol, LLC, Watson, Inc., Interpack, Coveris Holdings, Devro plc, Dupont de Nemours and Company, Ingredion Inc, Nagase & Co. Ltd. and others.
Recent Developments
- In February 2021, an edible film strip featuring BerryShield Elderberry from INS Farms, a grower, producer, and supplier of black elderberries in North America, was introduced by JRF Technology LLC, a maker of the water-soluble and edible film (Sambucus nigra). To transform soluble polymers into simple-to-use value-added consumer products, JRF Technology offers product formulation and research & development services.
- In September 2021, Pace International LLC introduced PrimaFresh® 60 Organic, a leading supplier of postharvest solutions and technology for the fresh produce sector (OR). To better control the dehydration in stone fruit and enhance its fresh appeal, Pace developed PrimaFresh 60 OR, a premium range of organic edible plant-based coatings.
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Market Segmentation
By Material:
- Protein
- Polysaccharides
- Lipid
- Others
By Source:
- Plant
- Animal
By Packaging Process:
- Antimicrobial
- Nanotechnology
- Electrohydrodynamic
- Coatings
- Microorganism
By End-user:
- Food & Beverages
- Pharmaceuticals
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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