Market Research Future (MRFR) has published a cooked research report on the “Global Edible Films and Coatings Market” that contains information from 2018 to 2032. The Edible Films and Coatings market is estimated to register a CAGR of 5.50% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Edible Films and Coatings market— Bayer AG, H.C. Starck GmbH, AGC SEIMI CHEMICAL CO., LTD., BASF SE, DuPont, Merck & Co., Inc., Evonik Industries AG, Sumitomo Chemical Co., Ltd., Heliatek GmbH, Novaled GmbH, AU Optronics Corp., Graphic Packaging International, LLC, WestRock Company, Smurfit Kappa, Krones AG, Amcor plc, Graham, Packaging Company, Sonoco Products Company, Parker Hannifin Corp, and Berry Global Inc.
The global Edible Films and Coatings market is accounted to register a CAGR of 5.50% during the forecast period and is estimated to reach USD 4.4 Billion by 2032.
The Edible Films and Coatings Market refers to the global industry that produces and supplies thin layers of edible materials used to coat and protect food products. These films and coatings help extend shelf life, preserve freshness, and enhance the appearance of various food items.
The global Edible Films and Coatings market has been segmented based on Ingredient Type and Application.
On the basis of Ingredient Type, the market is segmented into protein, polysaccharides, lipids, and composites. In 2022, the polysaccharides category dominated the world market. Materials including starch, cellulose, carrageenan, carboxymethyl cellulose, gums, etc. are used to make edible films and coatings.
Based on Application, the global Edible Films and Coatings market has been segmented into dairy products, bakery and confectionery, fruits and vegetables, meat, poultry, seafood, and other. In 2022, the edible films and coatings market was dominated by the fruits and vegetable segment. Because it helps to preserve the textural features, mass transfer in fruits and vegetables, minimise oxidative responses on fruits and vegetables, and promote glossiness and shine on fruits and vegetables, edible coating is extensively used on fruits and vegetables.
The global Edible Films and Coatings market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Edible Films and Coatings market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Edible Films and Coatings market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Edible Films and Coatings market comprises of Middle East, Africa, and Latin America.
The North America Edible Films and Coatings Market dominated this market in 2022 (45.80%). This industry's market will grow as a result of the presence of foreign rivals, the availability of edible films and coating materials, and customers' willingness to pay for products.
In 2022, the Europe Edible Films and Coatings market held a sizable market share. The area emphasises switching from single-use plastics to edible alternatives as a significant strategy for cutting plastic waste. Local food and beverage companies, together with foodservice facilities, are integrating edible packaging designs into their operations to cut waste and provide their customers with nutritional benefits. Additionally, the U.K. edible films and coatings market grew at the highest rate in the European region, while the German edible films and coatings market held the largest market share.
Moreover, from 2023 to 2032, the Asia Pacific Edible Films and Coatings market is anticipated to grow significantly. China and Japan are the two countries that dominate this region's market for edible films and coatings. The existence of foreign rivals, the accessibility of products, and rising environmental concerns will all contribute to market expansion. Additionally, the Indian Edible Films and Coatings market had the quickest rate of growth in the Asia-Pacific region, while China's edible films and coatings industry had the greatest market share.
Key Findings of the Study