The increasing prevalence of eco-friendly packaging solutions due to sustainability awareness is the key factor driving the market growth.
The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.
Costly packaging and lack of awareness about environmental sustainability in lower economic regions are estimated to hamper market growth.
The market in the Asia Pacific region will provide ample growth opportunities owing to the increasing awareness about plastic pollution and environmental sustainability.
The major players dominating the edible films and coatings market are Dohler Group, Dupont, NAGASE & CO., LTD., and Ingredion, among others.