Edible Films and Coating Market is Expected To Grow at a CAGR of 7.18% by 2032

Summary:

• • The global edible films and coating market size reached USD 2.8 Billion in 2023.
  • The market is expected to reach USD 5.2 Billion by 2032, exhibiting a growth rate (CAGR) of 7.18% during 2024-2032.
  • North America leads the market, accounting for the largest edible films and coating market share.
  • On the basis of ingredient type, the market is segmented into protein, polysaccharides, lipids, and composites.
  • Fruits and vegetables account for the majority of the market share in the application segment due to prolonged shelf life and preserve freshness.
  • The rising demand for ready-to-eat (RTE) and on-the-go food products drives the edible films and coatings market by extending shelf life and preserving freshness.
  • The push for eco-friendly and natural packaging alternatives accelerates the adoption of edible films and coatings due to their biodegradable and sustainable properties.

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Industry Trends and Drivers:

• Increasing Demand for Convenience Foods:

The demand for convenience foods is a significant driver of the edible films and coatings market. With busy lifestyles and a growing preference for RTE and on-the-go food products, consumers are seeking convenient solutions that do not compromise on quality or freshness. Edible films and coatings offer a practical solution by extending the shelf life of food products, preserving freshness, and reducing spoilage.

They provide a barrier to moisture, oxygen, and other environmental factors that can lead to food deterioration. This ability to enhance the longevity of convenience foods makes edible films and coatings highly desirable for manufacturers aiming to meet the needs of the modern consumer who values both convenience and quality, thus aiding the market growth.

• Rising Emphasis on Sustainability and Natural Ingredients:

There is a growing emphasis on sustainability and the use of natural ingredients in the food industry, which is driving the adoption of edible films and coatings. Consumers and manufacturers alike are increasingly concerned about the environmental impact of packaging materials and the need for sustainable practices.

Edible films and coatings, which are often made from natural and biodegradable materials, offer an eco-friendly alternative to traditional packaging. These films and coatings can be derived from renewable resources such as plant proteins, polysaccharides, and lipids, aligning with the industry's push towards more sustainable and less wasteful solutions. The shift towards natural and sustainable ingredients as they meet consumer demands for environmentally responsible products is bolstering the market growth.

• Advancements in Edible Film and Coating Technologies:

Technological advancements in the development of edible films and coatings are driving market growth by expanding their applications and improving their performance. Innovations in material science and processing techniques have led to the creation of more effective and versatile edible films and coatings. These advancements include improvements in film strength, flexibility, and the ability to incorporate functional ingredients such as preservatives, flavorings, and nutritional enhancers.

Enhanced technologies enable the production of films with specific properties tailored to different food products, such as those requiring controlled release or antimicrobial effects. As technology continues to evolve, the range of applications and benefits of edible films and coatings expands, contributing to the market's growth and diversification.

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Edible Films and Coating Market Report Segmentation:

Breakup By Ingredient Type:

• Protein
• Polysaccharides
• Lipids
• Composites

On the basis of ingredient type, the market is segmented into protein, polysaccharides, lipids, and composites.

Breakup By Application:

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

Fruits and vegetables dominate the market due to enhance shelf life and maintain freshness.

Breakup By Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

North America holds the majority of shares due to its high demand for advanced food preservation technologies and a strong focus on food safety and quality.

Top Edible Films and Coating Market Leaders: The edible films and coating market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

Some of the key players in the market are:

• AgroFresh Solutions Inc.
• Akorn Technology Inc.
• Cargill Incorporated
• Döhler GmbH
• Glanbia plc
• Nagase & Co. Ltd.
• Pace International LLC (Sumitomo Chemical Co. Ltd.)
• RPM International Inc.
• Sufresca