Edible packaging refers to packaging material that consists of edible components and is safe for human consumption. Edible packaging is made from renewable agricultural by-products and helps eliminate packaging waste. Commonly used materials for edible packaging include lipids, polysaccharides and proteins. Edible packaging provides a natural and sustainable solution as an alternative to plastic packaging. It helps extend the shelf life of perishable food products. Edible packaging such as those made from seaweeds and rice provide gas barriers and can delay spoilage.
The Global Edible Packaging Market is estimated to be valued at US$ 90.06 Bn in 2024 and is expected to exhibit a CAGR of 7.7% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the edible packaging market are Tianshui Huatian Technology Co Ltd, Hana Micron Inc., lingsen precision industries Ltd, Formosa Advanced Technologies Co. Ltd (FATC), Advanced Semiconductor Engineering Inc. (ASE Inc.), Amkor Technology Inc., Jiangsu Changjiang Electronics Technology Co. Ltd, Powertech Technology, King Yuan Electronics Corp. Ltd, ChipMOS Technologies Inc., TongFu Microelectronics Co., and Signetics Corporation. The growing demand for sustainable packaging from the food and beverage industry is driving the adoption of edible packaging solutions. Major companies are expanding their edible packaging offerings and operations globally to capitalize on the growth opportunities in international markets.
Market drivers
One of the key drivers for the Edible Packaging Market Size is the growing environmental concerns regarding plastic waste. Strict government regulations banning single-use plastics are encouraging manufacturers to adopt eco-friendly alternatives like edible packaging. Edible packaging is compostable and helps reduce plastic pollution. It provides a sustainable solution that appeals to environmentally conscious consumers. With rising awareness about green packaging, the demand for edible packaging is expected to increase significantly over the forecast period.
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