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.
The 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
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
