According to a new report by Meticulous Research®, “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 edible packaging market is expected to grow to $1.98 billion by 2031, with a CAGR of 7.3% from 2024 to 2031.

The market growth is driven by several factors, including increasing efforts to reduce packaging waste and the rising consumption of processed foods. There is also a growing trend towards eco-friendly packaging alternatives due to both consumer demand and regulatory requirements.

The market faces challenges such as high costs and stringent regulations, which can impact the adoption of edible packaging materials. Despite these challenges, there are significant opportunities for growth through technological advancements and innovations in packaging solutions.

The report segments the edible packaging market by source, raw material, packaging process, end use, and geography. The plant segment is projected to lead the market in 2024, driven by concerns about plastic waste and the rise of plant-based diets. This segment is also expected to grow the fastest due to increasing demand for plant-based food products.

Seaweed & algae are forecasted to dominate the raw material segment in 2024 due to their renewable nature and versatility. However, polysaccharides are expected to see the highest growth rate, driven by their biodegradability and cost-effectiveness.

Antimicrobial packaging is anticipated to hold the largest market share in 2024, due to its role in extending the shelf life of perishable foods and enhancing safety. The food & beverages sector is expected to account for the majority of the market share, supported by the increasing use of edible packaging for various food products. Conversely, the pharmaceutical sector is projected to experience the highest growth rate, driven by innovations that improve patient compliance.

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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