The global edible films and coatings market size was US$ 2,686 million in 2021. The global edible films and coatings market size is forecast to reach US$ 5,186 million by 2030, growing at a compound annual growth rate (CAGR) of 7.8% during the forecast period from 2022 to 2030.
Fresh, minimally processed fruits may benefit from the flavor and shelf-life preservation offered by eco-friendly edible films and coatings. In order to preserve fruits from water loss, browning, tissue softening, and microbial contamination, they can create protective layers around them, stabilize their respiration rates, and protect them from these conditions. An inventive approach to this problem is to apply edible films and coatings to fruits and vegetables, which is an environmentally beneficial way. Additionally, active ingredients like tastes, colorants, minerals, and antibacterial and antioxidant compounds can be transported via these coatings, extending shelf life, enhancing organoleptic qualities, and boosting nutritional value.
Factors Influencing Market Growth
Consumers turn toward eco-friendly packaging solutions, and rising awareness regarding environmental problems boosts the global market growth.
Growing sales of fruits and vegetables drive the global market.
The increased cost of food packaging may slow down the overall market growth.
Increasing government initiatives to decrease carbon footprint and rising demand for functional foods is forecast to offer lucrative opportunities for the global market during the forecast period.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. The COVID-19 saw a significant industry shutdown, and the sustainable sector stopped producing goods, which had a detrimental effect on the market for eco-friendly packaging. Due to the plant closures brought on by the COVID-19 outbreak, there is a significant scarcity of environmentally acceptable packaging. Additionally, workers had to return home. Input supply chains for many businesses have suffered as a result of COVID-19's lockdown restrictions, which also have an adverse effect on business activities, including the transportation of goods and other things.
Regional Analysis
North America held dominance in the market in 2021 and is forecast to remain dominant during the forecast period. As a result of the rising awareness about eco-friendly products, the existence of international players, uncomplicated availability of edible films and coating products, and rising consumer disposable income.
The Asia Pacific region is forecast to have lucrative growth during the forecast period. As a result of the existence of leading players, effortless availability of products, and increasing environmental concerns.
Leading Competitors
The leading prominent companies profiled in the global edible films and coatings market are:
Cargill Incorporated
DuPont de Nemours Incorporated
Koninklijke DSM NV
Dohler Group
Ingredion Incorporated
Kerry Group plc
Lactips
Pace International, LLC
Nagase America LLC
Tate & Lyle PLC
Watson Incorporated
Other Prominent Players
Scope of the Report
The global edible films and coatings market segmentation focus on Type, Application, and Region.
Segmentation based on Type
Polysaccharides
Protein
Lipids
Composites
Segmentation based on Application
Dairy Products
Bakery and Confectionary
Nutritional Products
Fruits & Vegetables
Meat, Poultry & Seafood
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Meta Title: Edible Films and Coatings Market Size, Share, Insight and Forecast 2022 To 2030
Meta Description: Global Edible Films and Coatings Market is projected to reach US$ 5,186 million by the end of 2030 from US$ 2,686 million in 2021, at a CAGR of 7.8%
Meta Keywords: edible films and coatings market Size, edible films and coatings market share, edible films and coatings market trend, edible films and coatings market Forecast, edible films and coatings market insight