MOSCOW (MRC) -- The global edible packaging market size is expected to reach USD1416.77 mln by 2030, according to a new report by Grand View Research Inc., expanding at a CAGR of 5.7% over the forecast period 2023 to 2030.
The market growth is attributed to increasing awareness among consumers about the negative impact of traditional packaging solutions and stringent government regulations around the world for single use plastic ban. Moreover, increasing application of these packaging solutions in pharmaceutical and food & beverage industry is fueling the market growth.
The edible packing method makes the product a more sustainable option compared to traditional packing materials such as plastic, paper, and metal. Consumers are becoming more environmentally conscious and are looking for packing options that have a lower impact on the environment. In addition, these packaging solutions enhance the taste and texture of certain foods, such as adding a crunchy coating to snack foods or enhancing the flavor of beverages.
Moreover, the growing trend of processed foods and online food & grocery deliveries have fueled the market growth for edible packaging. Due to the busy lifestyles of consumers the need to eliminate the time consumption on waste management drives the need for sustainable and eco-friendly packaging solutions. These packaging solutions made from protein, lipid, and polysaccharides can be consumed after use which reduces the negative impact on the environment.
We remind, Solvay, a global leader in naturally-derived polymers for beauty care formulations, has announced the launched of Naternal, its new brand for eco-design hair and skin care solutions, said the company. Naternal brings together biodegradable beauty care polymers, from guar and other natural feedstocks.