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Edible Films and Coatings Market: North America Projected to be the Most Attractive Regional Market Through 2027

11-02-2017 01:54 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
The global edible films and coatings market is expected to witness steady growth over the forecast period owing to increased use of clean label strategies by food producers to carve out the use of artificial preservatives and texurants. Edible films and coatings are an excellent solution to reduce the carbon footprint by manufactures and this is anticipated to boost the edible films and coatings market growth over the forecast period.

Revenue generated from the global edible films and coatings market is estimated to be valued at US$ 2,139.1 Mn by the end of 2017 and is expected to increase at a CAGR of 4.5% over the forecast period. Global edible films and coatings market is expected to be valued at US$ 3,336.7 Mn by the end of 2027.

Global Edible Films and Coatings Market: Driving Forces

A growing focus by food manufacturers on reducing wastage from packaging material, Increasing shelf life of products, safety issues, and effective usage of space, Rising consumption of convenient food offerings especially in developed regions, Governmental initiatives to reduce the carbon foot print in the food sector, Alternative uses of edible films and coatings as additives

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https://www.futuremarketinsights.com/reports/edible-films-and-coating-market

Drivers & Restraints

Packaging accounts for approximately one-third of the world’s garbage. Increasing awareness about environmental problems related to disposal of solid waste and reducing the amount of waste generated are major reasons why food manufacturers are focussing on packages that can be recycled, in order to reduce the amount of waste. Edible packaging plays a key role in minimising packaging material wastage from a sustainable materials perspective. Packaging manufacturers and retailers have a key role in making valuable contribution to resolve these problems.

Films and coatings that are used in edible packaging are helping manufacturers reduce wastage of raw material. The inherent benefits of edible packaging have led to an increased adoption by manufacturers and this factor is boosting revenue growth of the global edible films and coatings market.

The global edible films and coatings market is not bereft of challenges. Lack of local manufacturers and import dependency of edible films and coatings results in a high value of packaging over the present packaging solutions. Recycling cost is lesser against total value required for edible packaging. This, coupled with the restrictions on availability is anticipated to act as a major restraint globally for the growth of the edible films and coatings market over the forecast period.

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https://www.futuremarketinsights.com/reports/sample/rep-gb-907

Analysis by Region

On the basis of region, the market is segmented into North America, Latin Europe, Western Europe, Eastern Europe, APEJ, the Middle East and Africa, and Japan. The North America region is expected to dominate the global edible films and coatings market over the forecast period in terms of value share. The North America edible films and coatings market is estimated to account for a relatively high value share of 33.8% by 2017 end, and is anticipated to register CAGR of 5.0% in terms of value over the forecast period.

About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.

Contact

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email:sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

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