Edible films and coatings have an important role in the quality, transportation, safety, as well as display of the fresh and processed foods. Edible films and coatings help in preventing the loss of moisture and maintains the quality as well as prevent the spoilage and microbial contamination of food. Edible film basically protects the food from moisture and outside temperature while edible coating is used as decorative purpose for cakes and pastries.
MARKET SCOPE
The "Global Edible Film and Coating Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the edible film and coating market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading edible film and coating market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global edible film and coating market is segmented into protein, polysaccharides, lipids, and others.
- Based on application, the market is segmented into bakery and confectionary, dairy and frozen desserts, meat, poultry and seafood products, RTE and RTC foods, and others.
MARKET DYNAMICS
Drivers
- The increasing focus on the reduction of packaging waste as well as an increase in the government initiatives to reduce the carbon footprint will drive the growth of edible films and coatings market.
- The increase in the shelf life of various food products along with an efficient utilization of packaging space will lead to an increase demand for edible films and coating.
- The hectic lifestyle of the consumers has led to an increase in demand for ready to eat food which has led to an increase in demand of edible films and coatings.
Restraints
- The lack of awareness among local manufacturers and dependency on import may hamper the growth of the edible films and coatings market
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The edible film and coating market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the edible film and coating market in these regions.
IMPACT OF COVID-19 ON EDIBLE FILM AND COATINGS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the food and beverages industry in various countries due to lockdowns, travel bans, and business shutdowns. The need for healthy and innovative snack products during the pandemic was on a high which was due to the storage, usage and the provision of nutrition and energy on consumption as well as there was an increase in the demand for fruits and vegetables which had a positive impact on edible films and coatings market.
MARKET PLAYERS
The report covers key developments in the edible film and coating market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from edible film and coating market are anticipated to lucrative growth opportunities in the future with the rising demand for edible film and coating in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the edible film and coating market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AKORN Tech
- Ashland
- D. Manoharlal (Shellac) Pvt. Ltd.
- DSM
- Flo Chemical Corporation
- Ingredion
- JRF Technology, LLC
- Kerry
- Kuraray
- Mantrose-Haeuser Co., Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.