
According to a new report published by UnivDatos Markets Insights the Edible Films and Coatings Market is expected to grow at a CAGR of 7% from 2022-2028. The analysis has been segmented into the Ingredient Type (Protein, Polysaccharides, Lipids, and Composites); Application (Dairy Products, Bakery and Confectionery, Fruits and Vegetables, Meat, Poultry, Seafood, and Others); Region/Country.
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The edible films and coatings market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the edible films and coating market. The edible films and coating market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the edible films and coating market at the global and regional levels.
Market Overview
The edible films and coating market is projected to grow significantly during the forecast period. This is mainly due to the increasing focus on the reduction of packaging waste as well as an increase in the government initiatives to reduce the carbon footprint and consumers' greater willingness to accept eco-friendly packaging options will drive the growth of the edible films and coatings market. Moreover, green packaging has become more popular in the vast majority of nations as a result of escalating environmental concerns. Furthermore, the rising consumption of ready-to-eat food has resulted in the increased demand for edible films and coatings from FMCG product manufacturers.
COVID-19 Impact
The COVID-19 pandemic harmed the edible films and coating market in 2020, to prevent the COVID-19 pandemic from spreading, the governments of some nations have enacted statewide lockdowns. The pandemic had a significant impact on consumer consumption and shopping patterns. Import and export limitations, decreased output, decreased consumer demand, a supply chain gap, and decreased customer demand. All of these issues prevent the edible film and coating industry from growing, however with the upliftment of lockdown restrictions, new market prospects are anticipated to appear and the edible film and coating market is anticipated to expand.
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The global edible films and coatings market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on the ingredient type, the market is categorized into protein, polysaccharides, lipids, and composites. Polysaccharides hold a significant share in the market. The moisture barrier characteristics of polysaccharide-based films and coatings are poor, although O2 and CO2 permeability are moderately less. Fruits and vegetables can benefit from polysaccharides as they alter the interior environment of the food product, extending its shelf life.
· Based on the application, the market is categorized into dairy products, bakery and confectionery, fruits and vegetables, meat, poultry, seafood, and others. In 2020, the fruits and vegetable category held a significant share in the market. The edible coating is widely used for fruits and vegetables as it helps to maintain the textural qualities, mass transfer in fruits and vegetables, lessen oxidative reactions on fruits and vegetables, and increase glossiness and shine on fruits and vegetables.
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Edible Films and Coating Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Italy, France, Spain, and the Rest of Europe)
· Asia-Pacific (China, India, Australia, Japan, and the Rest of Asia-Pacific)
· Rest of the World
Geographically, North America is expected to hold the largest growth rate in the global market during the forecast period owing to the existence of global counterparts, the accessibility of edible films and coating materials, and consumers' willingness to pay for goods will all contribute to the market expansion of this area.
The major players targeting the market include
· Bayer AG
· H.C. Starck GmbH
· AGC SEIMI CHEMICAL CO. LTD.
· BASF SE
· DuPont
· Merck & Co. Inc.
· Evonik Industries AG
· Sumitomo Chemical Co. Ltd.
· Heliatek GmbH
· Novaled GmbH.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the edible films and coating market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the edible films and coating market?
• Which factors are influencing the edible films and coating market over the forecast period?
• What are the global challenges, threats, and risks in the edible films and coating market?
• Which factors are propelling and restraining the edible films and coating market?
• What are the demanding global regions of the edible films and coating market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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About UnivDatos Market Insights (UMI)
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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