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The edible films and coatings market has experienced robust growth in recent years, surging from $3.2 billion in 2023 to an anticipated $3.46 billion in 2024, reflecting an impressive Compound Annual Growth Rate (CAGR) of 8.3%. This substantial growth in the historic period can be attributed to the increasing emphasis on food preservation and shelf-life extension, rising consumer demand for natural and sustainable packaging, efforts to reduce food waste, adherence to regulatory compliance and food safety standards, and an escalating awareness of environmental concerns.

Drivers of Historic Growth

• Increased food preservation and shelf-life extension
• Consumer demand for natural and sustainable packaging
• Reduction of food waste
• Regulatory compliance and food safety
• Environmental concerns

Forecasted Growth Catalysts

• Plant-based and vegan edible coatings
• Increasing food security and traceability
• Use of functional ingredients in edible coatings
• Need for cost savings and efficiency
• Emerging market growth

Major Trends in the Forecast Period

• Technological advancements in food packaging
• Industry collaboration and research
• Innovative edible packaging materials
• Smart packaging and QR code integration
• Clean label and transparent packaging

Organic Products Drive Market Surge

The edible films and coatings market is set to experience significant growth propelled by the increasing demand for organic products. Organic products, produced and processed in adherence to specific standards, often require packaging that maintains their organic status. Edible films and coatings, crafted from natural and organic ingredients, emerge as a fitting choice for such products. A notable example is the surge in organic food sales in the United States, surpassing the $60 billion mark in 2022. Organic produce sales constituted 15% of the total fruit and vegetable sales, reaching $22 billion.

Key Industry Players

• Tate & Lyle PLC
• DuPont de Nemours Inc.
• Döhler GmbH
• Royal DSM N.V.
• Cargill Inc.

Innovations in Edible Films and Coatings Market

Major players in the edible films and coatings market are at the forefront of innovation, developing products such as plant-based edible coatings to cater to a broader customer base, drive sales, and increase revenue. These coatings, derived from natural, plant-based materials, are applied to the surface of various food items. An exemplary innovation is Akorn Technology’s protein-based edible coatings, launched in February 2022. These coatings effectively enhance the shelf life, quality, and safety of fresh fruits, significantly reducing issues like decay, browning, and chilling injuries.

Innovative Product Launch

• Akorn Technology’s plant-based edible coatings
• Protein-based composition for enhanced shelf life
• Reduction of decay, browning, and chilling injuries

Strategic Acquisition by Sherwin-Williams Company

In November 2022, Sherwin-Williams Company, a leading manufacturer of paint and coatings, made a strategic move by acquiring Peter Möhrle Holding and the GP Capital UG partnership, including Oskar Nolte GmbH and Klumpp Coatings GmbH. This acquisition positions Sherwin-Williams to develop rapidly in the global industrial wood market, aligning with its acquisition strategy of complementing existing capabilities. Oskar Nolte GmbH, based in Germany, is a significant producer and distributor of industrial coating products.

Strategic Acquisition Highlights

• Acquisition of Oskar Nolte GmbH and Klumpp Coatings GmbH
• Accelerated growth in the global industrial wood market
• Complementary and differentiating companies

Market Segmentation: Tailoring Solutions

The edible films and coatings market employs a comprehensive segmentation approach to address diverse needs. Segmentation includes ingredient types such as Protein, Polysaccharides, Lipids, and Composites. Applications span Dairy Products, Bakery and Confectionery, Fruits and Vegetables, Meat, Poultry, and Seafood, among others. End-users encompass the Food and Beverage and Pharmaceuticals sectors.

Segmentation Overview

1. By Ingredient Type:
   • Protein
   • Polysaccharides
   • Lipids
   • Composites
2. By Application:
   • Dairy Products
   • Bakery and Confectionery
   • Fruits and Vegetables
   • Meat, Poultry, and Seafood
   • Other Applications
3. By End-User:
   • Food and Beverage
   • Pharmaceuticals

Regional Dynamics: North America Takes the Lead

In 2023, North America emerged as the largest region in the edible films and coatings market, with Asia-Pacific anticipated as the fastest-growing region in the forecast period. The global landscape reflects the market’s expansive reach, catering to diverse regional requirements and contributing to the evolution of sustainable and eco-friendly packaging solutions.

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The Edible Films And Coatings Global Market Report 2024  provides an overview of the edible films and coatings market 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 and their market positions.

The Table Of Content For The Edible Films And Coatings Market Include:
1. Edible Films And Coatings Market Executive Summary
2. Edible Films And Coatings Market Segments
3. Edible Films And Coatings Market Size And Edible Films And Coatings Market Growth Rate
4. Key Edible Films And Coatings Market Trends
5. Major Edible Films And Coatings Market Drivers
……
25. Key Mergers And Acquisitions In The Edible Films And Coatings Market
26. Top Edible Films And Coatings Companies
27. Edible Films And Coatings Market Opportunities And Strategies
28. Edible Films And Coatings Market, Conclusions And Recommendations
29. Appendix

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