Edible Films and Coatings Market Size

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.