29-Sep-2020 | Zion Market Research
According to analysts at Zion Market Research, the global edible films and coatings market is anticipated to report strong growth in the forecasted period due to augmented use of clean label tactics by food manufacturers to carve out the utilization of artificial preservatives and texurants. The edible films and coatings are an ideal solution to decrease the carbon footprint by producers and this is expected to spur the edible films and coatings market expansion during 2019–2025. According to the report published by Zion Market Research, global edible films and coatings market was valued at approximately USD 2,420 Million in 2019, and is expected to generate revenue of around USD 3,825 Million by end of 2026, growing at a CAGR of around 8.1% between 2020 and 2026.
Some of the leading players in the market are Dupont de Nemours and Company, Tate & Lyle PLC, Ingredion INC, Ashland INC, Cargill Inc, Koninklijke DSM N.V., Kerry Group PLC, Devro Plc., Mantrose-Haeuser Co., and Nagase & Co. Ltd.
Increasing Focus On Waste Reduction To Boost The Global Edible Films and Coating Market
The increasing focus for the waste reduction that is related to packaging materials along with augmenting administrative initiatives for decreasing the carbon footprint by different food industries is a chief factor impelling the growth of the worldwide edible films and coating market. Additionally, the increasing consumption of ready-to-eat food products together with changing and busy ways of life particularly in developed nations are other factors boosting the growth of the target market. Also, increasing shelf lives of different food products and efficient usage of packaging space is the main factor likely to propel the growth of the worldwide edible films and coating market.
The global edible films and coating market is segmented based on the material type, application, and regional analysis. On the basis of the material type, the market is divided into proteins, lipids, polysaccharides, surfactants, and composite films. On the basis of application, the market is divided into the pharmaceutical and food sectors.
North America And Asia Pacific To Witness Major Growth In The Global Edible Films and Coating Market
Based on the geographical analysis, the global edible films and coating market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The market across North America is currently registering maximum market share and is anticipated to lucrative growth in the forecasted period. The edible films and coatings are useful for decreasing the carbon footprints by producers, this is chiefly adopted by several key players in this region due to strict environmental security policies particularly across the U.S. is a major factor expected to boost the growth of the target market. In terms of revenue, the Asia Pacific region is likely to record the fastest growth in the coming few years.
Browse the full “Edible Films and Coatings Market Ingredient Type (Lipids, Polysaccharides, Protein, and Others) and Application (Nutritional Products, Dairy Products, Fruits And Vegetables, Bakery And Confectionary, and Poultry, Fish, and Meat): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/edible-films-coatings-market
The global edible films and coating market is segmented as follows:
By material type:
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