Edible Films And Coatings Market Poised for 10 % Growth, Set to Hit $38.43 Billion by 2029

What industry-specific factors are fueling the growth of the edible films and coatings market?
The anticipated rise in global fruit and vegetable sales is predicted to spur the expansion of the edible films and coating market. Fruits and vegetables, which are food sources derived from plants, are commonly packaged with edible films and coatings since they extend product freshness and are environmentally friendly. A FreshPlaza report, a media platform for the fresh produce industry based in the Netherlands, disclosed that within the first quarter of 2022, the turnover from organic fresh produce reached $2.3 billion, representing a hike of 4% from earlier years. This upturn in the worldwide fruit and vegetable sales acts as a catalyst for the development of the edible film and coating market.

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What Is the projected market size and growth rate for the edible films and coatings market?
The market for edible films and coatings has notably expanded in the recent past. Its growth trajectory will see it rise from $3.44 billion in 2024 to $3.72 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.0%. This substantial growth in the past can be credited to factors like improved food preservation and increased shelf-life, growing consumer interest in natural and sustainable packaging, efforts to reduce food wastage, adherence to food safety regulations, and rising eco-consciousness.

Expectations are high for the edible films and coatings market to experience substantial growth in the upcoming years. It is projected to reach $5.45 billion in 2029 with a compound annual growth rate (CAGR) of 10.0%. This surge during the forecast period can be credited to the proliferation of plant-based and vegan edible coatings, escalated food safety and traceability, an increased use of functional ingredients in edible coatings, a rising need for cost-effectiveness and efficiency, as well as emerging market expansion. Dominant trends anticipated during the forecast period encompass advancements in food packaging technology, industry-wide collaboration and research, invention of novel edible packaging materials, integration of smart packaging and QR codes, plus clean labeling and transparent packaging.

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What new trends are reshaping the edible films and coatings market and its opportunities?
Leading companies in the edible films and coatings market are concentrating on the development of innovative solutions, such as plant-based edible coverings, designed to extend food preservation, enhance product longevity, and meet the increasing consumer demand for healthier and sustainable packaging alternatives. Plant-based edible coatings consist of thin layers crafted from natural plant-derived materials that are applied to foods to offer a variety of advantages. For example, Apeel Sciences, an agricultural service provider based in India, introduced a plant-based edible coating, labelled as Apeel or Edipeel in the UK, specially for ASDA and Tesco supermarkets, in February 2022. This groundbreaking coating, produced from lipids and glycerolipids extracted from fruits and vegetables, forms a slight layer that extends the lifespan of fresh produce by decelerating water loss and oxidation. The project is designed to help in the reduction of food waste, with Tesco approximating that around 400,000 tons of fruit get thrown out every year as a result of spoilage. The coating will undergo trials on products such as Jaffa oranges and lemons in selected stores, with customer feedback anticipated to evaluate its effect on flavor and quality.

What major market segments define the scope and growth of the 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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Which region dominates 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.

Which key market leaders are driving the edible films and coatings industry growth?
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

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What Is Covered In The Edible Films And Coatings Global Market Report?

•Market Size Forecast: Examine the edible films and coatings market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the edible films and coatings market for a structured understanding.
•Key Players Overview: Analyze major players in the edible films and coatings market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the edible films and coatings market.
•Segment Contributions: Evaluate how different segments drive overall growth in the edible films and coatings market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the edible films and coatings market.
•Industry Challenges: Identify potential risks and obstacles affecting the edible films and coatings market.
•Competitive Landscape: Review strategic developments in the edible films and coatings market, including expansions, agreements, and new product launches.

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