Edible Films and Coatings Market size was valued at USD 3.12 billion in 2023 and is expected to exceed USD 8.09 billion by the end of 2036, registering over 7.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of edible films and coatings is evaluated at USD 3.31 billion.
Extensive research associated with packaging in western countries, along with the growing government initiatives, are expected to fuel the progress of the market. The growth of the market can also be attributed to the increasing plastic pollution and the rising prevalence of eco-friendly packaging solutions globally. According to the United States Environmental Protection Agency, the containers and packaging category had the most plastic wastage, at over more than 14.5 million tons in 2018 in the United States.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024–2036 |
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CAGR |
7.6% |
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Base Year Market Size (2023) |
USD 3.12 billion |
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Forecast Year Market Size (2036) |
USD 8.09 billion |
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Regional Scope |
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The edible films and coatings market is segmented based on ingredients type into protein-based, composites-based, lipids-based, hormonal therapy, and polysaccharides-based, out of which, the protein-based is anticipated to grab the most significant share by the end of 2021 on account of less expensive packaging cost.
Based on application, the fruits and vegetable segment in the market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that edible films and coatings are an alternative to other packaging solutions.
Our in-depth analysis of the global market includes the following segments:
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Ingredients Type |
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Application |
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Geographically, the edible films and coatings market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The Asia Pacific industry is likely to account for largest revenue share by 2036, due to increasing awareness about environmental sustainability, and growing need to develop alternatives of plastic packaging solutions in the region. Furthermore, in 2021, the Asia Pacific market is evaluated to occupy the largest share in terms of revenue, owing to the growing government initiatives to curb plastic pollution. The European market leads in terms of innovation, which is also expected to contribute to the region's edible films and coatings market growth.
Author Credits: Parul Atri
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