Edible Packaging
The world is now moving towards a more sustainable and eco-friendly approach to packaging, with a rising understanding of biodegradable materials and edible alternatives. Edible packaging is a convenient and innovative option for reducing waste and enhancing sustainability.
Market Outlook
The edible packaging market will grow from USD 2.07 billion in 2024 to USD 6.85 billion by 2034 at a 14.2% CAGR.
The Market Drivers
- Sustainability Focus: Reducing plastic waste is a global priority.
- Technology Innovations: Improved taste, durability, and food safety.
- Consumer Awareness: Increasing demand for eco-conscious alternatives.
Challenges
- Regulatory Approvals: Stringent food safety regulations.
- Shelf Life Concerns: Stability and preservation challenges.
Start-ups Paving the Way
- Evoware creates biodegradable, edible seaweed-based packaging as a sustainable alternative to plastic.
- Saveggy is going to launch edible plant-based coating for fruits and vegetables at an industrial scale. Its first product is called SaveCucumber, which features a thin, invisible layer made from oats and rapeseed oil.
With increasing demand and continuous innovations, edible packaging is rapidly shaping the future of sustainable packaging. What’s your take? Let’s discuss in the comments!
About Effectual Services
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We assist corporations in understanding the markets involved in a particular technology and the latest developments in the technology area, while also suggesting novel technological solutions to a challenging statement. They achieve their research needs through us by quick and promising solutions backed with scientific data that could add value to their business needs.
