Edible Films and Coatings Market Destine to Experience Substantial Growth of USD 4.39 billion at a CAGR of 6.50% by 2029, Size, Share, Trends, Key Drivers, Growth and Opportunity Analysis

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Food manufacturers have increased their efforts to increase shelf life and improve existing packaging technology, ensuring microbial safety and food preservation from the influence of external factors. As a result, manufacturers' new product innovations are expected to contribute to the market growth of the edible films and coatings market.

Data Bridge Market Research analyses that the edible films and coatings market which was growing at a value of 2.65 billion in 2021 and is expected to reach the value of USD 4.39 billion by 2029, at a CAGR of 6.50% during the forecast period OF 2022-2029.

Market Definition

The edible coating is a green technology that is used on a variety of products to control moisture transfer, gas exchange, and oxidation processes. One significant advantage of using edible films and coatings is that several active ingredients can be incorporated into the polymer matrix and consumed with food, thereby improving safety or even nutritional and sensory properties.

Drivers

Rising adoption of sustainable packaging to reduce carbon footprints

Due to the growing environmental concerns, green packaging has gained traction in the majority of countries. Rising transportation and energy costs are also contributing to the market's expansion. Furthermore, negative consumer perceptions of conventional packaging and government pressure to shift toward eco-friendly materials have fuelled market growth. Several brands have implemented green packaging solutions in recent years to reduce their carbon footprint.

 Growing demand in various applications

Due to their inherent advantages, such as quality control, durability, hygiene, and preservation, these systems are widely used in a variety of applications, including bakery and confectionery, meat, seafood, and poultry, dairy, and grains. The product is becoming more widely used in end-use industries, particularly in Asia Pacific, where rising domestic manufacturing and consumer income levels are driving innovation in this sector.

Recent Development

BASF launched Joncryl HPB (High-Performance Barrier) in 2021; according to the company, this product is a water-based liquid barrier coating that plays an important role in the latest packaging trends and natural resource conservation. The goal of this new launch was to grow the company's business.
Sufresca, an Israeli startup that creates edible fruit and vegetable coating solutions to reduce food waste and plastic packaging, received USD 500,000 in seed funding from agri-food tech venture capital firm Rimonim in 2020. The company intends to use this investment to commercialise fresh produce edible coatings.
NatureSeal, a subsidiary of Mantrose-Haeuser Co., Inc., launched sulfite-free solutions to keep cut potatoes, cut sweet potatoes, and other root vegetables fresh for up to 21 days in October 2020. NatureSeal cut potato freshness extenders are simple to use in the processing plant. It's organic, free of allergens, and Kosher.
Global Edible Films and Coatings Market Scope

The edible films and coatings market is segmented on the basis ingredient type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Ingredient Type

Protein
Polysaccharides
Lipids
Composites

Application

Dairy products
Bakery and Confectionery
Fruits and Vegetables
Meat
Poultry
Seafood
Other Applications

Some of the major players operating in the edible films and coatings market are:

Bayer AG (Germany)
C. Starck GmbH (Germany)
AGC SEIMI CHEMICAL CO., LTD. (Japan)
BASF SE (Germany)
DuPont (US)
Merck & Co., Inc. (US)
Evonik Industries AG (Germany)
Sumitomo Chemical Co., Ltd. (Japan)
Heliatek GmbH (Germany)
Novaled GmbH. (Germany)
AU Optronics Corp., (Taiwan)
Graphic Packaging International, LLC (US)
WestRock Company. (US)
Smurfit Kappa (Irenland)
Krones AG (Germany)
Amcor plc (Switzerland)
Graham Packaging Company. (US)
Sonoco Products Company (US)
Parker Hannifin Corp. (US)
Berry Global Inc. (US)

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