Overview and Scope
The edible films and coatings market consists of sales of edible films and coatings and related products by entities (organizations, sole traders, and partnerships) used for preventing moisture loss, maintaining quality, safe transportation, and storage of foods. Edible films and coatings refer to thin layers of edible materials applied to food products that play an important role in their conservation, distribution, and marketing.
Sizing and Forecast
The edible films and coatings market size has grown strongly in recent years. It will grow from <b>$3.2 billion in 2023 to $3.46 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. </b> The growth in the historic period can be attributed to increased food preservation and shelf-life extension, consumer demand for natural and sustainable packaging, reduction of food waste, regulatory compliance and food safety, and increased environmental concerns.
The edible films and coatings market size is expected to see strong growth in the next few years. It will grow to <b>$4.89 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. </b> The growth in the forecast period can be attributed to plant-based and vegan edible coatings, increasing food security and traceability, increasing use of functional ingredients in edible coatings, increasing need for cost savings and efficiency, and emerging market growth. Major trends in the forecast period include technological advancements in food packaging, industry collaboration and research, innovative edible packaging materials, smart packaging and qr code integration, and clean label and transparent packaging.
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Segmentation & Regional Insights
The edible films and coatings market covered in this report is segmented –
1) By Ingredient Type: Protein, Polysaccharides, Lipids, Composites
2) By Application: Dairy products, Bakery and Confectionery, Fruits and Vegetables, Meat, Poultry, and Seafood, Other Applications
3) By End-User: Food and Beverage, Pharmaceuticals
<b>North America</b> was the largest region in the edible films and coatings market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the edible films and coatings market during the forecast period. The regions covered in the edible films and coatings market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increase in the sales of fruits and vegetables across the globe is expected to propel the growth of the edible films and coating market going forward. Fruits and vegetables are the sources of food that are obtained from plants. Edible films and coatings are used for the packing of fruits and vegetables as they increase the shelf life and are eco-friendly. According to a report by FreshPlaza, a Netherlands-based media platform for the fresh produce industry, the sale of organic fresh produce reached $2.3 billion in the first quarter of 2022, an increase of 4% from previous years. This increase in the sales of fruits and vegetables across the globe is driving the edible film and coating market.
Key Industry Players
Major companies operating in the edible films and coatings market include <b> Tate & Lyle PLC, DuPont de Nemours Inc., Döhler GmbH, Royal DSM N.V., Cargill Inc., Ingredion Incorporated, Watson Inc., Kerry Group plc, Ashland Global Holdings Inc., JRF Technology LLC, BluWrap Inc., CP Kelco India Pvt Ltd., Nagase & Co. Ltd., Food Machinery and Chemical Corporation (FMC Corporation), MonoSol LLC, Lactips S.A., Pace International LLC, Sumitomo Fertilizer Manufacturing Co Ltd., Sufresca, AgroFresh Solutions Inc., Akorn Technology Inc., Bayer AG, H.C. Starck Tantalum and Niobium GmbH, Heliatek GmbH, AGC Seimi Chemical Co Ltd., Novaled AG, Badische Anilin- & Soda-Fabrik (BASF) SE, AU Optronics Corp., Graphic Packaging International LLC </b>
The edible films and coatings market report table of contents includes:
1. Executive Summary
2. Edible Films And Coatings Market Characteristics
3. Edible Films And Coatings Market Trends And Strategies
4. Edible Films And Coatings Market – Macro Economic Scenario
5. Global Edible Films And Coatings Market Size and Growth
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26. South America Edible Films And Coatings Market
27. Brazil Edible Films And Coatings Market
28. Middle East Edible Films And Coatings Market
29. Africa Edible Films And Coatings Market
30. Edible Films And Coatings Market Competitive Landscape And Company Profiles
Top Major Players:
- Tate & Lyle PLC
- DuPont de Nemours Inc.
- Döhler GmbH
- Royal DSM N.V
- Cargill Inc
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