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Edible Films And Coatings Global Market Size, Industry Statistics, Growth Potentials, Future Trends, Revenue Demand, Opportunities, Segmentation, and Forecast Till 2033
Edible Films And Coatings Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Edible Films And Coatings industry. This report on Edible Films And Coatings market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The edible films and coatings market size has grown strongly in recent years. It will grow from $3.2 billion in 2023 to $3.46 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increased food preservation and shelf-life extension, consumer demand for natural and sustainable packaging, reduction of food waste, regulatory compliance and food safety, and increased environmental concerns. The edible films and coatings market size is expected to see strong growth in the next few years. It will grow to $4.89 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.
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Key Market Players:
DuPont de Nemours Inc., Döhler GmbH, Royal DSM N.V., Cargill Inc., Ingredion Incorporated, Watson Inc., The Progressive Corporation are prominent players in the Edible Films And Coatings industry.
Market Drivers:
The increase in the sales of fruits and vegetables across the globe is expected to propel the growth of the edible films and coating market going forward. Fruits and vegetables are the sources of food that are obtained from plants. Edible films and coatings are used for the packing of fruits and vegetables as they increase the shelf life and are eco-friendly. According to a report by FreshPlaza, a Netherlands-based media platform for the fresh produce industry, the sale of organic fresh produce reached $2.3 billion in the first quarter of 2022, an increase of 4% from previous years.
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Market segments for Edible Films And Coatings include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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