Edible Films and Coatings Market Size, & Share Report | 2031
Analyst Perspective
The global edible films and coatings market is estimated to register a CAGR OF ~7%. The shift towards eco-friendly packaging solutions is a growth-driven factor for the edible films and coating market. The rise in demand for fresh and minimally processed foods, increasing focus on food safety, and technological advancement are significant factors influencing the growth of the edible films and coating market. There is growth in demand for edible packaging instead of plastic ones. Strict regulatory guidelines and high costs are challenging for the edible films and coatings market. Bio-based and sustainable packaging and cost-effective solutions are opportunities for market players to expand the edible films and coatings market.
Market Overview
These edible films and coatings are thin, edible layers applied to various food surfaces, and they offer a variety of benefits, including extended shelf life, improving food safety, and reducing food waste. Edible coatings are one of the best potential alternatives to traditional packaging. Edible films and coatings crafted from biodegradable and compostable materials like polysaccharides, lipids, and proteins are experiencing rising demand. The market is expected to grow in the forecasted period owing to technological advancements, the need for eco-friendly products, and others.
Market Drivers
- Edible films and coatings are vital in preserving food items' taste, texture, and aroma. They effectively prevent moisture, regulate gas exchange, and ensure the extended freshness of packaged food.
- Edible films and coatings are natural sources, aligning with the increasing preference for natural and safe products.
- Technological advancements such as nanotechnology and biopolymer science have increased the development and commercialization of edible films and coatings.
- Government and regulatory bodies are promoting sustainable packaging and increasing the use of edible materials as an alternative to traditional packaging.
- Edible films and coatings ensure food safety and extend shelf life, satisfying consumers' desire for fresh fruits, vegetables, cheese, and other foods.
Market Segmentation
The global edible films and coatings market is segmented based on type and application. The edible films and coatings market is segmented based on type into protein, polysaccharides, lipids, and others. The edible films and coatings market is segmented based on application into bakery and confectionary, dairy and frozen desserts, meat, poultry, seafood products, RTE and RTC foods, and fruits and vegetables.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It overviews and forecasts the global edible films and coatings market based on several segments. It also provides market size and forecast anticipated from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The market by region is also sub-segmented by respective countries and segments. The edible films and coatings market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the edible films and coatings market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' edible films and coatings market.
Key Players
The reports cover vital organic and inorganic growth strategy developments in edible films and coatings. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were partnerships & collaborations acquisitions. These activities have paved the way for the development of the business and customer base of market players. The market players in the edible films and coatings market are anticipated to have lucrative growth opportunities with the rising demand for filter products in the global market.
The report includes key companies' profiles, SWOT analysis, and edible films and coatings market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of companies in the edible films and coatings market.
- Akorn Tech
- Ingredion
- Kerry Group
- Krones Ag
- Pace International
- Glanbia Nutritional
- Tate & Lyle PLC
- Cargill Inc
- Dohler
- D. Manoharlal (Shellac) Pvt. Ltd.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Edible Films And Coatings Market - By Type
1.3.2 Edible Films And Coatings Market - By Application
1.3.3 Edible Films And Coatings Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. EDIBLE FILMS AND COATINGS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. EDIBLE FILMS AND COATINGS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. EDIBLE FILMS AND COATINGS MARKET - GLOBAL MARKET ANALYSIS
6.1. EDIBLE FILMS AND COATINGS - GLOBAL MARKET OVERVIEW
6.2. EDIBLE FILMS AND COATINGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. EDIBLE FILMS AND COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. PROTEIN
7.3.1. Overview
7.3.2. Protein Market Forecast and Analysis
7.4. POLYSACCHARIDES
7.4.1. Overview
7.4.2. Polysaccharides Market Forecast and Analysis
7.5. LIPIDS
7.5.1. Overview
7.5.2. Lipids Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. EDIBLE FILMS AND COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BAKERY AND CONFECTIONARY
8.3.1. Overview
8.3.2. Bakery and Confectionary Market Forecast and Analysis
8.4. DAIRY AND FROZEN DESSERTS
8.4.1. Overview
8.4.2. Dairy and Frozen Desserts Market Forecast and Analysis
8.5. MEAT POULTRY AND SEAFOOD PRODUCTS
8.5.1. Overview
8.5.2. Meat Poultry and Seafood Products Market Forecast and Analysis
8.6. RTE AND RTC FOODS
8.6.1. Overview
8.6.2. RTE and RTC Foods Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. EDIBLE FILMS AND COATINGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Edible Films And Coatings Market Overview
9.1.2 North America Edible Films And Coatings Market Forecasts and Analysis
9.1.3 North America Edible Films And Coatings Market Forecasts and Analysis - By Type
9.1.4 North America Edible Films And Coatings Market Forecasts and Analysis - By Application
9.1.5 North America Edible Films And Coatings Market Forecasts and Analysis - By Countries
9.1.5.1 United States Edible Films And Coatings Market
9.1.5.1.1 United States Edible Films And Coatings Market by Type
9.1.5.1.2 United States Edible Films And Coatings Market by Application
9.1.5.2 Canada Edible Films And Coatings Market
9.1.5.2.1 Canada Edible Films And Coatings Market by Type
9.1.5.2.2 Canada Edible Films And Coatings Market by Application
9.1.5.3 Mexico Edible Films And Coatings Market
9.1.5.3.1 Mexico Edible Films And Coatings Market by Type
9.1.5.3.2 Mexico Edible Films And Coatings Market by Application
9.2. EUROPE
9.2.1 Europe Edible Films And Coatings Market Overview
9.2.2 Europe Edible Films And Coatings Market Forecasts and Analysis
9.2.3 Europe Edible Films And Coatings Market Forecasts and Analysis - By Type
9.2.4 Europe Edible Films And Coatings Market Forecasts and Analysis - By Application
9.2.5 Europe Edible Films And Coatings Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Edible Films And Coatings Market
9.2.5.1.1 Germany Edible Films And Coatings Market by Type
9.2.5.1.2 Germany Edible Films And Coatings Market by Application
9.2.5.2 France Edible Films And Coatings Market
9.2.5.2.1 France Edible Films And Coatings Market by Type
9.2.5.2.2 France Edible Films And Coatings Market by Application
9.2.5.3 Italy Edible Films And Coatings Market
9.2.5.3.1 Italy Edible Films And Coatings Market by Type
9.2.5.3.2 Italy Edible Films And Coatings Market by Application
9.2.5.4 United Kingdom Edible Films And Coatings Market
9.2.5.4.1 United Kingdom Edible Films And Coatings Market by Type
9.2.5.4.2 United Kingdom Edible Films And Coatings Market by Application
9.2.5.5 Russia Edible Films And Coatings Market
9.2.5.5.1 Russia Edible Films And Coatings Market by Type
9.2.5.5.2 Russia Edible Films And Coatings Market by Application
9.2.5.6 Rest of Europe Edible Films And Coatings Market
9.2.5.6.1 Rest of Europe Edible Films And Coatings Market by Type
9.2.5.6.2 Rest of Europe Edible Films And Coatings Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Edible Films And Coatings Market Overview
9.3.2 Asia-Pacific Edible Films And Coatings Market Forecasts and Analysis
9.3.3 Asia-Pacific Edible Films And Coatings Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Edible Films And Coatings Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Edible Films And Coatings Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Edible Films And Coatings Market
9.3.5.1.1 Australia Edible Films And Coatings Market by Type
9.3.5.1.2 Australia Edible Films And Coatings Market by Application
9.3.5.2 China Edible Films And Coatings Market
9.3.5.2.1 China Edible Films And Coatings Market by Type
9.3.5.2.2 China Edible Films And Coatings Market by Application
9.3.5.3 India Edible Films And Coatings Market
9.3.5.3.1 India Edible Films And Coatings Market by Type
9.3.5.3.2 India Edible Films And Coatings Market by Application
9.3.5.4 Japan Edible Films And Coatings Market
9.3.5.4.1 Japan Edible Films And Coatings Market by Type
9.3.5.4.2 Japan Edible Films And Coatings Market by Application
9.3.5.5 South Korea Edible Films And Coatings Market
9.3.5.5.1 South Korea Edible Films And Coatings Market by Type
9.3.5.5.2 South Korea Edible Films And Coatings Market by Application
9.3.5.6 Rest of Asia-Pacific Edible Films And Coatings Market
9.3.5.6.1 Rest of Asia-Pacific Edible Films And Coatings Market by Type
9.3.5.6.2 Rest of Asia-Pacific Edible Films And Coatings Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Edible Films And Coatings Market Overview
9.4.2 Middle East and Africa Edible Films And Coatings Market Forecasts and Analysis
9.4.3 Middle East and Africa Edible Films And Coatings Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Edible Films And Coatings Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Edible Films And Coatings Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Edible Films And Coatings Market
9.4.5.1.1 South Africa Edible Films And Coatings Market by Type
9.4.5.1.2 South Africa Edible Films And Coatings Market by Application
9.4.5.2 Saudi Arabia Edible Films And Coatings Market
9.4.5.2.1 Saudi Arabia Edible Films And Coatings Market by Type
9.4.5.2.2 Saudi Arabia Edible Films And Coatings Market by Application
9.4.5.3 U.A.E Edible Films And Coatings Market
9.4.5.3.1 U.A.E Edible Films And Coatings Market by Type
9.4.5.3.2 U.A.E Edible Films And Coatings Market by Application
9.4.5.4 Rest of Middle East and Africa Edible Films And Coatings Market
9.4.5.4.1 Rest of Middle East and Africa Edible Films And Coatings Market by Type
9.4.5.4.2 Rest of Middle East and Africa Edible Films And Coatings Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Edible Films And Coatings Market Overview
9.5.2 South and Central America Edible Films And Coatings Market Forecasts and Analysis
9.5.3 South and Central America Edible Films And Coatings Market Forecasts and Analysis - By Type
9.5.4 South and Central America Edible Films And Coatings Market Forecasts and Analysis - By Application
9.5.5 South and Central America Edible Films And Coatings Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Edible Films And Coatings Market
9.5.5.1.1 Brazil Edible Films And Coatings Market by Type
9.5.5.1.2 Brazil Edible Films And Coatings Market by Application
9.5.5.2 Argentina Edible Films And Coatings Market
9.5.5.2.1 Argentina Edible Films And Coatings Market by Type
9.5.5.2.2 Argentina Edible Films And Coatings Market by Application
9.5.5.3 Rest of South and Central America Edible Films And Coatings Market
9.5.5.3.1 Rest of South and Central America Edible Films And Coatings Market by Type
9.5.5.3.2 Rest of South and Central America Edible Films And Coatings Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. EDIBLE FILMS AND COATINGS MARKET, KEY COMPANY PROFILES
11.1. AKORN TECH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ASHLAND
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. D. MANOHARLAL (SHELLAC) PVT. LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DSM
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FLO CHEMICAL CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. INGREDION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. JRF TECHNOLOGY, LLC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. KERRY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. KURARAY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. MANTROSE-HAEUSER CO., INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. AKORN Tech
2. Ashland
3. D. Manoharlal (Shellac) Pvt. Ltd.
4. DSM
5. Flo Chemical Corporation
6. Ingredion
7. JRF Technology, LLC
8. Kerry
9. Kuraray
10. Mantrose-Haeuser Co., Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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