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Edible Packaging Market Size
- Report ID: GMI7473
- Published Date: Nov 2023
- Report Format: PDF
Edible Packaging Market Size
Edible Packaging Market was valued at over USD 620 million in 2022 and is anticipated to grow at a CAGR of over 6% between 2023 and 2032. Rising environmental awareness and the need to reduce plastic waste and non-biodegradable packaging materials are major drivers for edible packaging. Consumers and businesses are seeking sustainable alternatives to traditional packaging. Government regulations and policies aimed at reducing plastic usage and encouraging sustainable practices are pushing companies to adopt edible packaging solutions to comply with environmental standards. Increasing consumer demand for eco-friendly, biodegradable, and sustainable packaging options is a significant driver. Consumers are more conscious of the environmental impact of packaging and prefer products with edible packaging.
The edible packaging industry refers to the industry segment that focuses on the development, production, and distribution of packaging solutions for food products that are environmentally sustainable and minimize their impact on the planet. These Edible packaging options are designed to reduce waste, lower carbon footprints, and enhance overall sustainability while providing safe and effective packaging for various food items. This market is characterized by the increasing consumer demand for environmentally responsible packaging solutions and a growing emphasis on reducing single-use plastics. Companies and manufacturers are innovating and adopting materials and practices that align with environmental goals.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Edible Packaging Market Size in 2022: | USD 620 Million |
| Forecast Period: | 2022 to 2032 |
| Forecast Period 2022 to 2032 CAGR: | 6% |
| 2032 Value Projection: | USD 1.10 Billion |
| Historical Data for: | 2018 - 2022 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 242 |
| Segments covered: | Raw Material, Packaging process, end use & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Edible packaging materials can be more expensive to produce than traditional packaging options. This cost factor can be a restraint, particularly for businesses looking to transition to edible packaging on a large scale. Edible packaging must provide a good taste and texture experience, which can be challenging to achieve consistently. Variability in taste or texture can deter consumer adoption. Edible packaging materials are generally less durable than conventional packaging, making them unsuitable for certain applications where longer shelf life or robust protection is required.
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Edible Packaging Market Scope
