EDIBLE PACKAGING MARKET ANALYSIS

Market Challenges And Opportunities

Drivers

Growing need to reduce the packaging wastes

Growing need to reduce the packaging waste is expected to propel the global edible packaging market growth. Packaging accounts for approximately one-third of the world’s garbage. Thus, growing awareness about environmental problems, since the solid waste is creating the need for the recycling of the waste in order to reduce the landfills because of the solid waste. Edible packaging plays an important role in reducing landfill disposals.

Need for the longer shelf life of the edible products

Increasing use of edible packaging for extending the shelf-life of the edible products is fostering the market growth. The ability to offer a longer shelf-life to products is driving demand for edible packaging. It can easily get tampered which makes it an ideal option for the packaging of different food products. Thus, the growing need for increasing the shelf-life of food products is propelling the global edible packaging market growth.

Market Restraints

Higher cost of packaging material

The high cost of edible packaging materials is expected to restrict the market growth. According to Coherent Market Insights’ analysis, the initial cost of one ton of edible films can be between 3000 to 3600 USD, depending on the quality and size of the machine. Thus, the high cost of edible packaging is projected to hamper the market growth.

Need for secondary packaging while using edible packaging

Edible packaging requires secondary packaging in order to deliver things to consumers safely, effectively, and consistently. Which is one of the key factors restricting its use. This factor is projected to hamper the edible packaging market growth over the forecast period.