Edible Films and Coatings Market Size, Share, Trends, Growth and Forecast 2032

Edible Films and Coatings Market Insights

Zion Market Research has published a report on the global Edible Films and Coatings Market, estimating its value at USD 37.17 Billion in 2023, with projections indicating that it will reach USD 59.67 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.4% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Edible Films and Coatings industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Global Edible Films and Coatings Market: Overview

Edible films and coatings help in extending the shelf lives of various products. Growing consciousness about ecological problems that are mainly related to the disposal of solid waste and decreasing the amount of waste generated are among the major factors behind food producers’ increasing focus on recyclable packaging solutions. The growing popularity and demand for global edible films and coatings market can be attributed to the fact that these packaging solutions aid the producers in decreasing their raw material waste.

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Global Edible Films and Coatings Market: Growth Factors

The major growth driver in the global edible films and coatings market is the rising focus on waste reduction related to packaging materials by the food manufacturers. Other factors fuelling the expansion of the global market for edible films and coatings include growing consumption of easy-to-make food items due to busy and hectic lifestyles, especially in developed countries, governmental initiatives for reducing the carbon footprint by the food industry, and increasing use of edible films and coatings as an alternative to additives.

Furthermore, edible films and coatings help in increasing the shelf lives of products and effective usage of packaging space. This is also contributing to the popularity of this market. The lack of local producers and import dependence of edible films and coatings might prove to be a growth restrain for edible films and coatings market.

Global Edible Films and Coatings Market: Segmentation

The edible films and coatings market can be divided based on ingredient type and application.

On the basis of ingredient type, the market for edible films and coatings is classified into lipids, polysaccharides, protein, and others. The protein segment is anticipated to dominate the global market for edible films and coatings in the coming future, due to its extensive application in the pharmaceutical and food sectors.

Based on application, the edible films and coatings market can be categorized into nutritional products, dairy products, fruits and vegetables, bakery and confectionary, and poultry, fish, and meat, among others.

Edible Films and Coatings Market: Report Scope

Global Edible Films and Coatings Market: Regional Analysis

Based on regions, the global market for edible films and coatings can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The North American region is projected to dominate the global market for edible films and coatings during the forecast period. As edible films and coatings help in reducing carbon footprints by producers and manufacturers, it is increasingly being adopted by the key market players of this region owing to strict environmental protection laws. The Asia Pacific region is anticipated to show a good rate of growth in the market for edible films and coatings market in the future. This is due to the region’s altering phase toward global producers of fresh vegetables and fruits.

Global Edible Films and Coatings Market: Competitive Players

Some of the key players of the global market for edible films and coatings include -

• Takikawa Oblate Corporation
• Production and Innovation on Edible Coatings SL
• Pace International
• Mantrose-Haeuser Co.
• Watson Foods Co.
• W Hydrocolloids
• Fuerst Day Lawson Holdings Limited
• WikiCell Designs
• CP Kelco
• MonoSol
• Cargill
• Nagase & Co. Ltd.
• Devro Plc.
• FMC Corporation
• Kerry Group
• Ingredion
• Ashland
• DSM Company
• DuPont de Nemours and Company
• Tate & Lyle PLC
• among others.

The Edible Films and Coatings market is segmented as follows:

By Ingredient Type

• Lipids
• Polysaccharides
• Protein
• Others

By Application

• Nutritional Products
• Dairy Products
• Fruits And Vegetables
• Bakery And Confectionary, and Poultry
• Fish
• Meat

Edible Films and Coatings Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa