Meticulous Research® has released a new report titled “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,” predicting the edible packaging market will grow to $1.98 billion by 2031, with a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.
Key drivers of this market’s growth include the increasing need to cut down on packaging waste and a rise in processed food consumption, which boosts demand for innovative packaging solutions. The shift towards eco-friendly alternatives to conventional packaging materials is also a major growth factor.

Despite these drivers, challenges such as high material costs and stringent regulatory requirements could impact market expansion. However, advancements in technology and ongoing product development are expected to offer significant growth opportunities.
The market is segmented by source, raw material, packaging process, end use, and geography. In 2024, plant-based packaging is anticipated to lead the market due to growing concerns over plastic waste and a rise in plant-based diets. This segment is also projected to grow the fastest, driven by increasing demand for plant-based food products.
Among raw materials, the seaweed & algae segment is expected to dominate in 2024, thanks to their sustainability and abundance. Conversely, the polysaccharides segment is forecasted to exhibit the highest growth rate due to their environmental benefits and cost-effectiveness.
In terms of packaging processes, antimicrobial packaging is projected to hold the largest market share in 2024, attributed to its role in extending the shelf life of food and enhancing safety. The food & beverages sector is expected to dominate the market, supported by its wide application and growing demand for visually appealing packaging. Meanwhile, the pharmaceutical sector is set to grow the fastest, fueled by innovations that improve patient compliance.
Geographically, North America is projected to lead the market, with significant contributions from Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America’s market dominance is bolstered by its strong food processing industry and considerable investments in research and development. Asia-Pacific is anticipated to register the highest growth rate, driven by shifting consumer preferences and government efforts to phase out single-use plastics.

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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