The Oceania and Latin America markets for Edible Films and Coatings are predicted to grow substantially over the period of forecast (2019-2029) with 5% CAGR in terms of value-MAZZ Home
San Jose, CA â Edible Films and Coatings Market 2029: Deployment Type, Market Size, Regional Outlook, Competitive Analysis and Focusing on Top Key Players Including Proinec, Tate & Lyle PLC, Takikawa Oblate Corporation, Limited, Ingredion Inc., Pace International LLC., DuPont, Watson Foods CO. INC.
In its recent study titled, ‘Edible Films and Coatings Market: Global Industry Analysis (2014-2018) and Opportunity Assessment (2019-2029)’, XploreMR give vital insights on the global edible films and coatings market, both, in terms value as well as volume. The global edible films and coatings market is expected to grow at an approximate CAGR of 5% in terms of value over the forecast period. XploreMR provides some important insights on the global edible films and coatings market with several forecast factors in the report.
Edible films and coatings are materials that are used to enrobe food products in order to increase their shelf life. Edible films and coatings can be eaten with the food, with or without further removal. Edible films and coatings are thin layers on the surface of food products that prevent the food from damage caused by oxygen, moisture, and microorganisms. Edible films and coatings are made only from food-grade components, which include film-forming matrix, plasticizers, solvents, and other additives.
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Edible Films and Coatings Continue to See Healthy Consumption as Innovation Takes Charge of Sustainable Packaging Industry
By ingredient type, the edible films and coatings market has been segmented into proteins, polysaccharides, lipids, and others. The proteins sub-segment is expected to hold a high market share, owing to their high demand from end-use industries. With lower prices, the use of polysaccharides as edible films and coatings is expected to increase tremendously.
The increased use of proteins and polysaccharides for edible films and coatings is driven by the demand for sustainable and eco-friendly solutions for food packaging. With technological advancements, the use of composite films made from proteins, lipids, and polysaccharides is trending, due to their ability to offer improved as well as novel functionalities. The proteins segment is expected to hold a market value share of around 40%, and is expected to grow at a CAGR of around 5% over the forecast period.
By end-use, the edible films and coatings market has been segmented into dairy products, bakery and confectionary, nutritional products, meat poultry and fish, fruits and vegetables, and others. The fruits and vegetables sub-segment is expected to hold a large market share, owing to the increasing penetration of portion size packaging in fruits and vegetables, as well as the demand for safe, eco-friendly, and effective space-utilizing packaging solutions. In the global edible films and coatings market, the fruits and vegetables sub-segment is expected to hold a market value share of around 25%, and is expected to exhibit growth a healthy CAGR of around 5% over the forecast period.
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North America to Present Prominent Market for Edible Films and Coatings Manufacturers
The Global Edible Films and Coatings Market is regionally segmented on the basis of North America, Europe, Latin America, East Asia, the Middle East and Africa, Oceania, and South Asia. North America is expected to hold to a leading share in the global edible films and coatings market, holding more than 30% of market value share in 2019, and is expected to exhibit growth at nearly 4% CAGR over the forecast period. This can be attributed to the increasing demand from consumers for sustainable products and the trend for portion size packaging.
South Asia and East Asia are expected to exhibit growth at high CAGR over the forecast period, owing to the increasing opportunities with the dynamically changing fruits and vegetables and meat industries. The edible films and coatings markets in Latin America and Oceania are expected to witness substantial growth over the forecast period.
Edible Films and Coatings Market: Key Players
The report puts light on various opportunities as well as on-going trends in the edible films and coatings market across segments, in order to provide vital and detailed insights. The report also offers a detailed competitive landscape of the key players in the edible films and coatings space. Company profiles contain the short- and long-term strategies, key offerings by market players, and the recent developments in the edible films and coatings market space.
Some of key players operating in the global edible films and coatings market include Tate and Lyle PLC, Ingredion Inc., DuPont, DSM, Cargill Inc., Kerry Group PLC, Devro Plc, Nagase and Co. Ltd., MonoSol LLC., FMC Corporation, Watson Foods CO. INC., Pace International LLC., Takikawa Oblate Corporation, Limited, Proinec, and others.
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XploreMR, a leading market research firm, specializes in identifying opportunities in the healthcare, and food and beverage ecosystem. Headquartered in San Jose, USA, XploreMR has, in a short span of time, served the market research needs of some of the biggest Fortune 500 companies. XploreMR also has highly personalized market research offerings for SMEs, and we pride ourselves on being uniquely positioned to have worked with colossal multinational firms and small, boutique firms. Our experience of working with such a diverse set from all over the world has given us invaluable perspectives on objectives, outlooks, goals, and eventually, the collective, symbiotic growth that stakeholders across the value chain aspire for. We keep these perspectives and aspirations in mind every time we work on a project, and this motivates us to exceed client expectations on a consistent basis.
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