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Edible Films and Coatings Market Segmentation by Ingredients Type (Protein Based, Polysaccharides Based, Lipids Based, Composites Based); and by Application (Dairy products, Bakery & Confectionery, Fruits & Vegetables, Meat, Poultry & and Seafood, and Others) – Global Demand Analysis and Opportunity Outlook 2021-2029

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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Edible Films and Coatings Market Highlights 2020-2029

The edible films and coatings market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. Extensive research associated with packaging in western countries, along with the growing government initiatives, are expected to fuel the progress of the market. The growth of the market can also be attributed to the increasing plastic pollution and the rising prevalence of eco-friendly packaging solutions globally. According to the United States Environmental Protection Agency, the containers and packaging category had the most plastic wastage, at over more than 14.5 million tons in 2018 in the United States.

Edible Films and Coatings MarketThe market is segmented based on ingredients type into protein-based, composites-based, lipids-based, hormonal therapy, and polysaccharides-based, out of which, the protein-based is anticipated to grab the most significant share by the end of 2021 on account of less expensive packaging cost.

Based on application, the fruits and vegetable segment in the global edible films and coatings market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that edible films and coatings are an alternative to other packaging solutions.

Edible Films and Coatings Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The Asia Pacific market is predicted to grow at the highest CAGR over the forecast period due to the increasing awareness about environmental sustainability and the growing need to develop alternatives of plastic packaging solutions in the region. Furthermore, in 2021, the Asia Pacific market is evaluated to occupy the largest share in terms of revenue, owing to the growing government initiatives to curb plastic pollution. The European market leads in terms of innovation, which is also expected to contribute to the region's market growth. CLICK TO DOWNLOAD SAMPLE REPORT

Edible Films and Coatings Market Size

The global edible films and coatings market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global edible films and coatings market includes the following segments:

By Ingredients Type

  • Protein based
  • Polysaccharides based
  • Lipids based
  • Composites based

 By Application

  • Dairy Products
  • Bakery and Confectionery
  • Fruits and Vegetables
  • Meat, Poultry, and Seafood
  • Other Applications

Growth Drivers

  • Increasing prevalence of eco-friendly packaging solutions
  • Increasing governmental initiatives

Challenges

  • Expensive packaging solutions
  • Lack of awareness about environmental sustainability in under-developed countries

Top Featured Companies Dominating the Market

  •  DuPont
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Ingredion
  • Sumitomo Chemical Co. Ltd.
  • Tate & lyle
  • TIPA LTD
  • JRF Technology LLC
  • BluWrap
  • CP Kelco

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