How Has The Edible Films And Coatings Market Size Evolved In Recent Years?
The edible films and coatings market has seen considerable growth due to a variety of factors.
• In the last few years, the market size for edible films and coatings has seen significant growth. It is projected to expand from $3.44 billion in 2024 to $3.72 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%.
The historical growth can be credited to various factors like the need for food preservation and prolonging shelf-life, consumer preference for natural and eco-friendly packaging, decline in food wastage, adherence to regulatory standards and food safety, as well as heightened environmental consciousness.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Edible Films And Coatings Market?
The edible films and coatings market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for edible films and coatings is forecasted to experience a significant expansion in the approaching years. The projections suggest that it will reach a valuation of $5.45 billion in 2029, flourishing at a compound annual growth rate (CAGR) of 10.0%.
This anticipated rise during the forecast period is primarily due to factors such as the proliferation of plant-based and vegan edible coatings, heightened food security and traceability, increased usage of functional ingredients in edible coatings, growing emphasis on cost-efficiency, and growth in emerging markets. Key trends expected during the forecast period include the emergence of advanced food packaging technologies, industry collaborations and research initiatives, invention of new edible packaging materials, the adoption of smart packaging and QR code integration, along with a focus on clean labeling and transparent packaging.
Which Key Drivers Are Propelling The Edible Films And Coatings Market's Growth?
The upward trend in the global sales of fruits and vegetables is likely to spur the expansion of the edible films and coatings market in future. Fruits and vegetables which form the primary source of plant-derived foods utilize edible films and coatings for packaging that enhances their longevity and is also environmentally friendly. FreshPlaza, a Netherlands-based news portal for the fresh produce sector, reported that the sales for organic fresh produce touched $2.3 billion in the first quarter of 2022, marking a 4% rise from the preceding years. This surge in the worldwide sales of fruits and vegetables is fuelling the growth of the edible film and coating market.
What Are The Key Segments Within The Global Edible Films And Coatings Market?
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
Subsegments:
1) By Protein: Casein-based Films, Whey Protein-based Films, Soy Protein-based Films
2) By Polysaccharides: Starch-based Films, Cellulose-based Films, Pectin-based Films, Alginate-based Films
3) By Lipids: Fatty Acid-based Films, Wax-based Coatings, Lecithin-based Coatings
4) By Composites: Protein-Polysaccharide Composites, Lipid-Polysaccharide Composites, Multi-layered Edible Films and Coatings
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How Are New Trends Impacting The Size Of The Edible Films And Coatings Market?
Key players in the edible films and coatings market are honing in on the creation of novel solutions, like plant-based edible coatings, to augment food preservation, prolong product longevity, and meet the rising consumer preference for sustainable and healthier packaging options. Plant-based edible coatings, comprising thin layers derived from natural plant components, are used on food items to offer a variety of benefits. As an example, in February 2022, Apeel Sciences, an agricultural service company based in India, introduced a plant-based edible coating, named Apeel or Edipeel, specifically in the UK for ASDA and Tesco supermarkets. Constructed from lipids and glycerolipids sourced from fruits and vegetables, this ground-breaking coating forms a thin barrier that boosts the shelf life of fresh produce by decelerating water loss and oxidation. The venture is geared towards reducing food wastage, with Tesco calculating that nearly 400,000 tons of fruit are thrown away each year because of rotting. This coating is set to be tested on products such as Jaffa oranges and lemons in chosen stores, and plans are in place to solicit customer opinions to evaluate its effects on flavour and quality.
Who Are the Key Players in the Edible Films And Coatings Market?
Major companies operating in the edible films and coatings market include:
• 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
• Sufresca
• AgroFresh Solutions Inc.
• Akorn Technology Inc.
• Badische Anilin- & Soda-Fabrik (BASF) SE
• Graphic Packaging International LLC
What are the Regional Insights into the Edible Films And Coatings Market?
North America was the largest region in the edible films and coatings market in 2024. Asia-Pacific 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.
