Global Market Study on Edible Films and Coatings (2019-2029) - Sustainability & Improved Shelf Life Underpinning Demand


  • Rep Id : XPLREP3881
  • Published On : May, 2019
  • No. of Pages : 220
  • Category : Food
  • Publisher : XploreMR

The quality of a food product depends on organoleptic, nutritional, and microbiological properties, which tend to get affected during storage and distribution, and thus, leave an undesirable impact on the product. Packaging thus becomes an important aspect of food products. Traditional packaging materials seem to have some shortcomings in terms of environmental pollution, as well as their requirements for perishable resources. Thus, there is the increasing need for alternative and eco-friendly packaging formats.

Edible films & coatings such as waxes are being used for packaging food materials for a long time. Edible films & coatings are defined as a type of material that are used for enrobing various food materials in order extend the shelf life of products, and can be eaten along with the food product with or without removal. Edible films & coatings provide replacement and/or fortification of natural layers to prevent moisture loss, whereas, allowing the exchange of vital gases such as CO2, oxygen, ethylene, etc., for important processes such as respiration.

Edible Films And Coatings Market

Edible Films & Coatings Market: Outlook

The global edible films & Coatings Market is expected to create an attractive absolute dollar opportunity of over US$ 1,200 Mn by 2029 over 2019. By ingredient type, the edible films & coatings market has been segmented into polysaccharides, proteins, lipids, and others. In the edible films & coatings market, the proteins sub-segment is expected to hold a prominent share, both in terms of value and volume. This can be attributed to the increasing use of proteins as edible films & coatings by end-use industries, owing to their effectiveness.

The polysaccharides sub-segment, by ingredient type, in the edible films & coatings market, is expected to exhibit growth at a fast rate, owing to their increasing application with technological advancements as well as lower prices. The use of polysaccharides as edible films & coatings is also gaining traction with the popularity of composite films made from proteins, lipids, and polysaccharides in order to improve efficiency as well as for novel applications.

By end-use, the edible films & coatings market has been segmented as fruits & vegetables, meat, poultry & fish, bakery & confectionary, nutritional products, dairy products, and others. In the edible films & coatings market, the fruits & vegetables sub-segment is expected to hold a large market share, both, in terms of value as well as volume owing to the advantages such as portion-sized packaging, as well as the demand for sustainable packaging for natural food ingredients. With the increasing demand for sustainable packaging, the meat, poultry & fish sub-segment is expected to exhibit growth at a high rate in the edible films & coatings market, owing to the increasing demand and rapid penetration of portion-sized packaging.

By region, the edible films & coatings market in North America is expected to hold a large share, owing to the increasing demand from consumers for sustainable and eco-friendly packaging, as well as suitable laws and regulations. The edible films & coatings markets in South Asia and East Asia are expected to exhibit growth at higher rates, owing to the increasing demand from flourishing end-use sectors.

Consumer Demand for Eco-Friendly Packaging Solutions Driving the Edible Films & Coatings Market

Traditionally, the packaging material for food and beverages consisted of laminates that were made from materials such as glass, plastics, or metals. However, with rising awareness as well as environmental concerns, consumers are demanding sustainability and convenience, which has far-reaching implications on the supply chain. Issues such as environment, sustainability, food safety, ethics, product cost, and most of all, food quality, are important to the modern-day consumer. Thus, there has been a rapid change in consumer packaging demand. This has proven to be one of the prominent drivers of the global edible films & coatings market.

Increasing Focus on Minimizing Packaging Material Waste Driving Market Growth

Packaging contributes to around one-third of the world’s total garbage. Rising awareness about environmental issues due to the disposal of packaging waste and reducing the amount of waste generated are some prime reasons why food manufacturers are focusing edible films & coatings that can be recycled, in order to reduce waste generation.

Edible films & coatings play a key role in minimizing the waste production due to packaging material. Packaging retailers and manufacturers play a vital role in making valuable contributions to tackle these issues. Edible films & coatings that are used in packaging help manufacturers reduce the wastage of raw material.

However, the high cost of edible films & coatings as well as handling issues in specific applications, and the presence of alternative options and methods are some of the factors that are preventing the edible films & coatings market from reaching its full potential.

Edible Films & Coatings Market: Introduction

The latest market report by XploreMR on the global edible films & coatings market evaluates the opportunities and current market scenario, and provides insights and updates about the corresponding segments involved in the global edible films & coatings market during the forecast period 2019-2029. The global edible films & coatings market report further exhibits the estimated data for 2019, and forecast data up to 2029 in the terms of value (US$ Mn) and volume (MT).

In terms of value, the global edible films & coatings market is expected to grow at a CAGR of around 5% over the forecast period. The present study exhibits the trends and market dynamics of the edible films & coatings market in seven major regions - North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa. The report also includes the study of the current issues with consumers, and various future opportunities for the edible films & coatings market.

Edible Films & Coatings Market: Report Description

The report explores the global edible films & coatings market for the period 2019–2029. The primary objective of the global edible films & coatings market report is to provide insights into the opportunities in the market that are consistently supporting the transformation of global businesses that are associated with edible films & coatings. It is very important to consider that, in an ever-wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for the overall forecast, to better understand the analysis and evaluation of the global edible films & coatings market, and to discover equitable opportunities.

Yet another key feature of this report is that, the estimation of the global edible films & coatings market and the corresponding revenue forecast are carried out in terms of absolute dollar opportunity. This is usually not prioritized while forecasting overall market numbers. Absolute dollar opportunity analysis is very essential in evaluating the degree of opportunity that a provider can observe to execute, as well as to contrast the potential resources from a sales perspective in the global edible films & coatings market.

The global edible films & coatings market report starts with an elaborated executive summary, the market definition of various segmentations that are included, and their respective shares in the global edible films & coatings market. The report further incorporates the major macroeconomic factors that have an effect on the growth of the edible films & coatings market. The market report also highlights various market dynamics, which includes the drivers and restraints in the global edible films & coatings market. Current opportunities as well as on-going trends in the edible films & coatings market are also discussed in this report. The report further underlines the study of the present issues with industrial processing, and opportunities for the edible films & coatings market. It also encompasses a supply chain analysis, which provides a structural view of the overall profitability from the manufacturer to the end user in the edible films & coatings market.

To provide users with a clear view of the global edible films & coatings market, we have exhibited a competitive analysis of key market players and their strategic expansions. The competitive dashboard presents a detailed comparison of edible film & coating manufacturers on valuable parameters such as key product offerings, total revenue, key developments, and key strategies. The study provides the global edible films & coatings market attractiveness analysis by ingredient type, end use, and region.

To evaluate the overall market size of edible films & coatings, the report considers various fundamental aspects based on secondary research. Furthermore, it emphasizes quantitative evaluation such as market share by ingredient type, end use, and region, and other qualitative data from primary respondents, which has been consolidated to arrive at clear and accurate market estimations.

The market size was benchmarked taking into consideration the share of global arable land. The global use of herbicides was deduced by splitting the global use of pesticides obtained from sources such as FAO. The average use of food packaging products, deducted from company revenue, was used to triangulate the process. The forecast presented in the edible films & coatings market report arrives at the total revenue being generated, and expected revenue contribution in the future by the global edible films & coatings market.

Edible Films & Coatings Market: Competition Analysis

Detailed profiles of companies that manufacture edible films & coatings are included in report to analyze their developmental strategies, key product offerings, and recent developments, as they have a significant role in the global edible films & coatings market. Market players covered in the edible films & coatings market report are Tate & Lyle PLC, Ingredion Inc., DuPont, DSM, Cargill Inc., Kerry Group PLC, Devro Plc, Nagase & Co. Ltd., MonoSol LLC., FMC Corporation, Watson Foods CO. INC., Pace International LLC., Takikawa Oblate Corporation, Limited, Proinec, and others.

Edible Films & Coatings Market: Segmentation

The subsequent sections analyze the global edible films & coatings market on the basis of ingredient type, end use, and region, and presents a forecast for the period 2019–2029. The market is segmented as follows:

Edible Films & Coatings Market by Ingredient Type

  • Proteins
  • Polysaccharides
  • Lipids
  • Others

Edible Films & Coatings Market by End Use

  • Dairy Products
  • Nutritional Products
  • Bakery & Confectionary
  • Fruits & Vegetables
  • Meat, Poultry & Fish
  • Others

Edible Films & Coatings Market by Region

North America

  • U.S.
  • Canada

Latin America

  • Brazil
  • Mexico
  • Rest of LATAM

Europe

  • Germany
  • France
  • Italy
  • Spain
  • U.K.
  • BENELUX
  • Russia
  • Poland
  • Rest of Europe

South Asia

  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Rest of South Asia

East Asia

  • Japan
  • China
  • Korea 

Oceania

  • Australia
  • New Zealand

Middle East & Africa

  • GCC
  • North Africa
  • South Africa
  • Rest of MEA

XploreMR Research Methodology

XploreMR is committed to providing unbiased market research solutions to its clients. XploreMR follows a robust methodology for deducing the data that is included in this report. A demand-side approach is followed to estimate the sales of target products, followed by in-depth supply-side assessment of value generated, key trends, and events over a predefined period.

This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over 7 regions, i.e. Europe, South Asia, East Asia, Oceania, the Middle East and Africa, Latin America, and North America, which XploreMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include,

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Analysis

Edible Films And Coatings Market