Reduction in packaging waste, increase in consumption of processed food & beverages, rise in hygiene concerns among people, and enhanced conservation of food quality and shelf life of products are the factors that support the growth of edible packaging market. Moreover, to preserve environment and reduce the usage of plastics in packaging, certain regulations are set up to encourage the usage of edible packaging materials. However, high cost of edible packaging materials as compared to synthetic packaging materials, dietary allergies, and intolerances related with certain packaging materials are expected to hamper the edible packaging market growth. Rise in awareness about edible packaging and reduced manufacturing costs of packaging provide ample opportunities for the manufacturers in the edible packaging market.
The global edible packaging market is segmented on the basis of material, end user, and geography. On the basis of material, it is classified into lipids, polysaccharides, proteins, surfactants, and composite films. The end users of the edible packaging market include, food & beverages, pharmaceuticals, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The key players operating in the edible packaging market includes, WikiCell Designs Inc., Tate & Lyle Plc., JRF Technology LLC., Safetraces, Inc., BluWrap, Skipping Rocks Lab, Tipa Corp, MonoSol, LLC, Watson, Inc., and Devro plc. Market estimations of each segment supports to analyze the key investment pockets of the industry.
The lipid based films, which include vitamins, fats, and wax coatings held the highest market share of around 26.7% in 2016 as they provide excellent barrier to water vapor and oxygen thereby preserving the food quality. Moreover, the protein-based films are expected to grow at a highest CAGR of 7.5% during the forecast period.
KEY BENEFITS TO STAKEHOLDERS
This report provides an in-depth analysis of the global edible packaging market to identify the potential investment pockets.
It outlines the current trends and future scenarios to determine the overall market potential and gain stronger market foothold.
Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated.
Quantitative analysis of the edible packaging market from 2016 to 2023 is highlighted to recognize the financial competency of the market.
Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.
Key Market Segments
By End User
Food & Beverages
Rest of Europe
Rest of Asia-Pacific
WikiCell Designs Inc.
Tate & Lyle Plc.
JRF Technology LLC.
Skipping Rocks Lab
1.1. REPORT DESCRIPTION
1.2. RESEARCH METHODOLOGY
1.2.1. Secondary research
1.2.2. Primary research
1.2.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top winning strategies
3.2.3. TOP INVESTMENT POCKETS
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate bargaining power of buyers
3.3.3. High threat of substitution
3.3.4. High threat of new entrants
3.3.5. Moderate competitive rivalry
3.4. MARKET PLAYER POSITIONING, 2015
3.5. MARKET DYNAMICS
184.108.40.206. Reduction in packaging waste
220.127.116.11. Increase in shelf life of food products
18.104.22.168. Growing demand for processed food products
3.6.1. High regulatory requirements
3.6.2. High costs
3.7.1. Advancement in technologies
CHAPTER 4 EDIBLE PACKAGING MARKET, BY MATERIAL TYPE
4.1.1. Market size and forecast
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast
4.5. COMPOSITE FILMS
4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast
4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast
CHAPTER 5 EDIBLE PACKAGING MARKET, BY END USER
5.1.1. Market size and forecast
5.2. FOOD AND BEVERAGES
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast
CHAPTER 6 EDIBLE PACKAGING MARKET, BY REGION
6.1.1. Market size and forecast
6.2. NORTH AMERICA
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast
22.214.171.124 Rest of Europe
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast
126.96.36.199. South Korea
188.8.131.52. Rest of APAC
6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast
184.108.40.206. Latin America
220.127.116.11. The Middle-East
CHAPTER 7 COMPANY PROFILES
7.1. WIKICELL DESIGNS INC.
7.1.1. Company overview
7.1.2. Operating business segments
7.1.3. Business performance
7.1.4. Key strategic moves and developments
7.2. MONOSOL LLC
7.2.1. Company overview
7.2.2. Operating business segments
7.2.3. Business performance
7.2.4. Key strategic moves and developments
7.3. TATE & LYLE PLC
7.3.1. Company overview
7.3.2. Operating business segments
7.3.3. Business performance
7.3.4. Key strategic moves and developments
7.4. JRF TECHNOLOGY LLC,
7.4.1. Company overview
7.4.2. Operating business segments
7.4.3. Business performance
7.4.4. Key strategic moves and developments
7.5. SAFETRACES, INC.
7.5.1. Company overview
7.5.2. Operating business segments
7.5.3. Business performance
7.5.4. Key strategic moves and developments
7.6.1. Company overview
7.6.2. Operating business segments
7.6.3. Business performance
7.6.4. Key strategic moves and developments
7.7. SKIPPING ROCKS LAB
7.7.1. Company overview
7.7.2. Operating business segments
7.7.3. Business performance
7.7.4. Key strategic moves and developments
7.8. TIPA CORP
7.8.1. Company overview
7.8.2. Operating business segments
7.8.3. Business performance
7.8.4. Key strategic moves and developments
7.9. WATSON, INC
7.9.1. Company overview
7.9.2. Operating business segments
7.9.3. Business performance
7.9.4. Key strategic moves and developments
7.10. DEVRO PLC
7.10.1. Company overview
7.10.2. Operating business segments
7.10.3. Business performance
7.10.4. Key strategic moves and developments
Increase in consumption of processed food & beverages, reduction in packaging wastage, rise in hygiene concerns among people and increase in shelf life of products, growth in disposable income of consumers, and rise in standard of living encourages the adoption of edible packaging products in the industry and thus drive the edible packaging market growth. In addition, this eco-friendly packaging technique helps preserve the environment as the products are renewable as well as edible and safe for human consumption thereby reducing plastic packaging waste and fueling the edible packaging market growth. However, the higher cost of edible packaging materials in comparison with the synthetic materials and high regulatory requirements is expected to hamper the edible packaging market growth. Various advancements in technology such as introduction of nanotechnology in packaging as well as the addition of healthy proteins in the edible food packaging is expected to provide numerous opportunities in the edible packaging market.
In 2016, the lipid-based edible packaging segment accounted for the maximum revenue share in the overall edible packaging industry as they are excellent barrier of oxygen and water vapor and prevents the food from contamination. Protein-based films are expected to grow at a fastest CAGR of 7.5% in the edible packaging industry owing to the value-added benefits of proteins to the body such as high immunity and proper functioning of human body as well as improvement in energy levels in humans. Protein films are made up of corn zein, gluten, and caseins, which are considered safe for human consumption.
Moreover, the food & beverages segment held the highest market share in 2016 for of around 72% in the end user segment in the global edible packaging market.
Moreover, the composite films are expected to grow at a CAGR of 7.2% during the forecast period. The demand for polysaccharides is expected to increase as they help preserve the quality of the food and improve the shelf life of the products; they are widely used in the pharmaceutical industry.
Europe accounted for the major share of the global edible packaging market in 2016 owing to the growth of food & beverages segment and stringent regulations regarding the same. North America is expected to generate the maximum revenue during the forecast period. Asia-Pacific is estimated to grow at the highest rate in the global edible packaging market due to rise in preference of hygienic packaging and the growth of pharmaceutical industry in this region.
Key Findings of the Edible Packaging Market:
In 2016, the lipids segment accounted for the maximum revenue, and is projected to grow at a notable CAGR of 6.1% during the forecast period.
The pharmaceuticals segment accounted for 27.56% in the global edible packaging market.
The U.S. is the major shareholder in the North America edible packaging market, accounting for more than 42% share in 2016.
The key players profiled in the edible packaging market includes WikiCell Designs Inc, MonoSol LLC, Tate & Lyle Plc, JRF Technology LLC, Safetraces, Inc., BluWrap, Skipping Rocks Lab, Tipa Corp, Watson, Inc., and Devro plc. Market players have adopted various strategies, such as product launch, collaboration & partnership and acquisition, to expand their foothold in the market.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.