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The increase in the sales of fruits and vegetables across the globe are expected to drive innovation in edible films and coatings manufacturing, thus driving the market during the forecast period.

The global edible films and coatings market is expected to grow from $2.95 billion in 2022 to $3.2 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The edible films and coatings market size is expected to grow to $4.25 billion in 2027 at a CAGR of 7.4%.

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Global Edible Films And Coatings Market Segments Include:

• By Ingredient Type:Protein, Polysaccharides, Lipids, Composites
• By Application:Dairy products, Bakery and Confectionery, Fruits and Vegetables, Meat, Poultry, and Seafood, Other Applications
• By End-User:Food and Beverage, Pharmaceuticals
• By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global edible films and coatings market in 2021.

Major Market Players in the edible films and coatings market include ate & Lyle PLC, DuPont de Nemours Inc., Dohler Group, Koninklijke DSM NV, Cargill Incorporated, Ingredion Incorporated, Watson Inc.

Technological advancement is a key trend gaining popularity in the edible films and coatings market. Major companies operating in the edible films and coatings market are focusing on product innovation with innovative technologies to strengthen their position in the edible films and coatings market. For instance, in April 2021, AgroFresh Solutions Inc., a US-based food freshness and quality solutions provider, launched a new plant-based film called VitaFresh Botanicals – Life Ultra that uses a new innovative technology involving a nanoemulsion process that generates smaller particles, thereby offering a superior coating of foods and more protection. This product ensures the freshness of the product, reduces dehydration and reduces the food loss reduction for certain tropical fruits.

The Edible Films And Coatings Global Market Report 2023  provides a edible films and coatings market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The edible films and coatings market forecast analyzes edible films and coatings market size, edible films and coatings market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The edible films and coatings market consists of sales of edible films and coatings and related products by entities (organizations, sole traders, and partnerships) used for preventing moisture loss, maintaining quality, safe transportation, and storage of foods. Edible films and coatings refer to thin layers of edible materials applied to food products that play an important role in their conservation, distribution, and marketing.

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