LONDON, Sept. 15, 2022 (GLOBE NEWSWIRE) -- According to The Business Research Company’s research report on the edible films and coatings market, the increase in the sales of fruits and vegetables across the globe is expected to propel the growth of the edible films and coating market going forward. Fruits and vegetables are the sources of food that are obtained from plants. Edible films and coatings are used for the packing of fruits and vegetables as they increase the shelf life and are eco-friendly. According to a report by FreshPlaza, a Netherlands-based media platform for the fresh produce industry, the sale of organic fresh produce reached $2.3 billion in the first quarter of 2022, an increase of 4% from previous years. This increase in the sales of fruits and vegetables across the globe is driving the edible films and coatings market growth.
The global edible films and coatings market size is expected to grow from $2.75 billion in 2021 to $2.94 billion in 2022 at a compound annual growth rate (CAGR) of 7.2%. The global edible films and coatings market size is expected to grow to $3.91 billion in 2026 at a CAGR of 7.3%.
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.
Major Players in the edible films and coatings market are Tate & Lyle PLC, DuPont de Nemours Inc., Dohler Group, Koninklijke DSM NV, Cargill Incorporated, Ingredion Incorporated, Watson Inc., Kerry Group PLC, Ashland INC, JRF Technology LLC, BluWrap, CP Kelco, Nagase & Co. Ltd, FMC Corporation, and MonoSol LLC.
The global edible films and coatings market research is segmented by ingredient type into protein, polysaccharides, lipids, composites; by application into dairy products, bakery and confectionery, fruits and vegetables, meat, poultry, and seafood, other; by end-user into food and beverage, pharmaceuticals.
North America was the largest region in the edible films and coatings market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global edible films and coatings market during the forecast period. The regions covered in the global edible films and coatings industry overview are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Edible Films And Coatings Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provide edible films and coatings market overviews, analyze and forecast market size and growth for the whole market, edible films and coatings market segments and geographies, edible films and coatings market trends, edible films and coatings market drivers, edible films and coatings market restraints, edible films and coatings market leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
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