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Edible Films Market Size, Share, Forecast By 2027 with Top Players Tate & Lyle PLC, Takikawa Oblate Corporation, Limited, Dupont, Pace International LLC, Ashland INC., Montrose-Haeuser Co., Inc. Ingredion INC, MonoSol, LLC, Cargill Inc., FMC Corporation

02-08-2021 03:32 PM CET | Industry, Real Estate & Construction

Press release from: Stratagem Market Insights

Edible Films Market

Edible Films Market

Edible coatings are non-toxic substances that are able to be directly ingested by humans. These coatings prevent spoilage and contamination of food items (edible or not). While improving the safety and quality of food products, they provide an additional barrier and protection against chemicals used in food processing, handling, and storage. The global edible films market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global edible films market is expected to witness significant growth during the forecast period

Market Drivers

Increasing demand for eco-friendly packaging is expected to drive growth of the global edible films market during the forecast period. Edible films provide an innovative and eco-friendly option for packaging food products. They are biodegradable and environmentally sustainable as compared to conventional packaging materials. For instance, in December 2020, Koninklijke DSM NV launched a new range of plant-based discovery resins. Another advantage of edible films is that it can be incorporated into the polymer matrix and consumed with food. Thus, these factors are expected to drive growth of the global edible films market during the forecast period. Furthermore, increasing efforts by manufacturers to extend the shelf life of the products is expected to propel the global edible films market growth over the forecast period.

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Market Restraint

High cost associated with food packaging is expected to restrain growth of the global edible films market during the forecast period.

Regional Insights

Among regions, Asia Pacific is expected to witness significant growth in the global edible films market during the forecast period. This is owing to increasing demand for polysaccharide-based films and coatings in emerging economies such as Japan and China. Furthermore, North America is expected to register a robust growth rate over the forecast period, owing to increasing preference for eco-friendly packaging in the region.

Competitive Section

Major companies involved in the global edible films market are

- Tate & Lyle PLC
- Takikawa Oblate Corporation. Limited
- Dupont
- Pace International LLC
- Ashland INC.
- Montrose-Haeuser Co., Inc.
- Ingredion INC
- MonoSol, LLC
- Cargill Inc.
- FMC Corporation

For instance, in July 2020, Dupont launched Danisco Planit food and beverage range for plant-based product development range.

Regional Segmentation:

- North America Country (United States, Canada)
- South America
- Asia Country (China, Japan, India, Korea)
- Europe Country (Germany, UK, France, Italy)
- Other Country (Middle East, Africa, GCC)

Product Type Segmentation:

- Protein
- Polysaccharides
- Lipids

Industry Segmentation:

- Dairy Products
- Nutritional Products
- Bakery and Confectionary
- Fruits & Vegetables
- Meat, Poultry & Fish

The report’s conclusion reveals the overall scope of the Global Edible Films Market in terms of feasibility of investments in the various segments of the market, along with a descriptive passage that outlines the feasibility of new projects that might succeed in the market in the near future.

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Stratagem Market Insights is a management consulting organization providing market intelligence and consulting services worldwide. We bring the expertise of consultants with a cumulative industry experience of more than 70 years. The firm has been providing quantified B2B research and currently offers services to over 350+ customers worldwide.

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