Edible Packaging Market Outlook: Growth Opportunities in Sustainable Packaging Solutions
Market Overview The Edible packaging industry is gaining strong traction as environmental concerns, regulatory pressure on single-use plastics, and consumer demand for sustainable alternatives reshape the packaging landscape. Edible packaging refers to biodegradable materials made from natural sources like starch, proteins, seaweed, or plant polymers that can either be safely consumed or decomposed without harming the environment . According to recent market research, the global edible packaging market was valued at around USD 711 million in 2023 and is projected to reach nearly USD 1.19 billion by 2032 , exhibiting a compound annual growth rate (CAGR) of over 6% over the forecast period. Other forecasts estimate the industry could grow significantly beyond that with projections pointing toward USD 1.67 billion by 2033 at a CAGR of about 5.1% . Key Market Trends 1. Rising Demand for Eco-Friendly Packaging Solutions Consumer awareness of plastic pollu...