The global edible packaging market is anticipated to increase as a result of a growing demand to reduce packaging waste. About one-third of the rubbish in the world is packaging. As a result, there is an increasing awareness of environmental issues, which makes recycling waste necessary in order to decrease the amount of solid waste that must be disposed of in landfills. Reducing waste disposals is made possible in large part by edible packaging. The market is expanding due to the growing usage of edible packaging to increase the shelf-life of edible items. Demand for edible packaging is being driven by the possibility to extend the shelf life of products. It is a great choice for the packaging of various food goods because it is simple to tamper with. Therefore, the increased demand for extending food products' shelf lives is fuelling the expansion of the global edible packaging market. One of the market's most popular trends is a growing preference for products that are less likely to be thrown away, especially when the packaging is edible.
According to Coherent Market Insights, A CAGR of 6.29% is anticipated for the projected period (2023-2030) for the global Edible Packaging Market, which had a value of US$ 1,004.00 million in 2022.
Leading Companies in the Edible Packaging Industry:
1. Kuraray Co. Ltd
The company was started in 1926 and is based in Chiyoda City, Tokyo, Japan. The business sells non-woven fabrics, fine chemicals, special resin, synthetic leather, and other products that are utilized in both clothing and other industrial applications. Dialyzers and dental care items are just a couple of the pharmaceutical and medical goods Kuraray makes. Kuraray developed the corporate tagline "Possible starts here" in June 2022.
2. JRF Technology
The company was founded in 2007 and is based in Tampa, Florida, United States. JRF offers services for developing products and processes that turn soluble polymers into high-value industrial and commercial goods. The term "end products" refers to a variety of novel product forms, such as films, finishes, foams, gels, extruded or moulded shapes, beads, and tablets.
3. Safetraces Inc.,
The business was started in 2013 and is based in California, United States. Solutions for food source verification and safety are offered by SafeTraces, Inc. The company provides on-site sanitation, verification, and catering services. Leaders in EHS, IAQ, and engineering collaborated with SafeTraces to launch their HVAC Safety Verification Service in July 2021.
4. Tate and Lyle Plc
The firm was started in 1921 and is based in London, United Kingdom. It specializes in transforming raw materials like corn and tapioca into components that provide food and beverages flavour, texture, and nutrients. Tate & Lyle launched a rebrand in January 2023 that featured new images, a new narrative, a new logo and font, and solutions for society, science, and solutions.
5. Merck Group
The company was started in 1668 and is based in Darmstadt, Germany. The company conducts medication research in the fields of neurodegenerative, autoimmune, and inflammatory illnesses as well as oncology. Merck announced in February 2020 that it would be selling its Allergopharma division to Dermapharm for an undisclosed sum.
6. Norevo GmbH
The business was started in 2010 and is located in Hamburg, Germany. Norevo GmbH is a well-known supplier of raw materials from nature and a manufacturer of speciality ingredients for use in the food, confectionery, beverage, pharmaceutical, and cosmetic industries as well as technological applications.
7. Agarindo Bogatama
The firm was started in 1988 and is based in Indonesia. The business is the main exporter of agar powder in the world. The items are offered to the meat and dairy industries, confectioneries, liquid sweets, bakeries, and more.
Definition: A type of packaging called edible packaging is used to package food items or consumables like medicines. The main goal of edible packaging is to extend the shelf life of food goods. The edible packaging is made to be eaten and has a high rate of biodegradation.
