Edible Films And Coating Market

Edible Films and Coatings Market: North America Projected to be the Most Attractive Regional Market Through 2027: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 - 2027)

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

Global Edible Films and Coatings 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.

edible films and coatings market

Global Edible Films and Coatings Market: 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. The APEJ region will witness a high CAGR growth rate over the forecast period owing to the region’s changing phase towards global producers of fresh fruits and vegetables. The APEJ regional market is estimated to account for a value share of 14.4% by 2017 end, and is anticipated to register a CAGR of 4.7% in terms of value over the forecast period. Latin America and Europe are also anticipated to witness substantial CAGR growth rate over the forecast period.

Report Description

Future Market Insights offers a 10-year forecast of the global edible films and coatings market between 2017 and 2027. The primary objective of the report is to offer insights on the advancements and opportunities in the edible films and coatings market. The study demonstrates market dynamics that are expected to influence the current status and future prospects of the global edible films and coatings market over the forecast period. This report also offers updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global and regional edible films and coatings market.

Market Introduction

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.

Market Taxonomy

By Ingredient Type

By Application

By Region

  • Protein

  • Polysaccharides

  • Lipids

  • Others (Based on blends, nano-reinforcements, and encapsulation)

  • Dairy Products

  • Nutritional Products

  • Bakery and Confectionary

  • Fruits & Vegetables

  • Meat, Poultry & Fish

  • Others

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • MEA

  • Japan

 The report includes market share of each segment according to the region with analysis towards market trends respectively. A section of the report highlights region wise edible films and coatings demand. It also provides a market outlook for 2017–2025 and sets the forecast within the context of the edible films and coatings ecosystem, including the new product developments as well as product offerings in the global edible films and coatings market. This study discusses key trends contributing to the growth of the global edible films and coatings market, as well as analyses the degree to which drivers are influencing the global market. In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the edible films and coatings market.

Research Methodology

For the 10-year forecast of the global edible films and coatings market, various macroeconomic factors, forecast factors and changing trends have been observed, giving an idea about the future of the market. Other important factors considered to arrive at market forecast are the size of the current market, inputs from the demand side and the supply side and other dynamics shaping the scenario of the global edible films and coatings market. In the compilation of the report, the forecast is conducted in terms of CAGR, while other important criteria such as year-on-year growth and absolute dollar opportunity have also been incorporated presenting the client with crystal clear insights into future opportunities likely to emerge in the global edible films and coatings market. Absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global edible films and coatings market.