Edible Films and Coatings Market: Global Industry Analysis, Growth, Key Trends, Regional Assessment and Forecast 2019 - 2029
Edible Films and Coatings Market: Overview
The edible films and coatings market is projected to record a stable growth rate across the forecast period of 2019-2029. Properties of products like delay in decaying of food products and increased shelf life are vital components of consumer demand. Edible coatings serve as barriers against various aspects such as lipid transfer, loss of moisture, desiccation, and dehydration that can lower the quality of the food product. Edible films and coatings are also useful for perishable fruits as it helps in decreasing respiration rate, enhancing textural quality, and assists in retaining its natural color. Thus, all these factors aid the edible films and coatings market to climb the growth ladder effectively.
Based on the application, the edible films and coatings market can be classified into poultry and fish, dairy products, bakery and confectionery, fruits and vegetables, and others. In terms of ingredient type, the edible films and coatings market is segmented into lipids, composite films, polysaccharides, proteins, and surfactants.
The SARS-CoV-2 outbreak may not have a huge negative impact on the edible films and coatings market. However, the production of edible films and coatings may be affected due to the lockdown measures taken by various countries for flattening the curve of the transmission.
This edible films and coatings market report hit a bull’s eye in terms of analysis of the various factors influencing their demand and consumer preferences. These factors include the key trends, competitive landscape, and also the regional analysis of the edible films and coatings market. Market stakeholders can greatly benefit from this thoroughly researched report on the edible films and coatings market. Furthermore, this report also provides a bird’s eye view in regard to the effect of COVID-19 outbreak on the edible films and coatings market.
Edible Films and Coatings Market: Competitive Evaluation
A highly fragmented landscape, the edible films and coatings market consists of hybrid players, both national and international. Manufacturers involved in the edible films and coatings market invest more in research and development activities for trying new formulations that add value to the edible films and coatings, eventually making them effective for use in food products.
Edible Films and Coatings Market: Key Players
Edible Films and Coatings Market: Key Trends
Packaging materials are proving to be a serious environmental concern for the planet. To tackle this concern, numerous manufacturers are placing their bet on edible films and coatings. 100 percent biodegradable edible films and coatings made from starch, cellulose, proteins, etc. to improve the shelf life of the food products are also making a mark in the edible films and coatings market. Egg-based edible films and coatings may also grab the limelight across the forecast period. A research team from Rice University has found a novel protein coating with egg as its base to extend the shelf life of perishable vegetables and fruits. It would also help in preventing wastage of eggs.
Edible Films and Coatings Market: Regional Outlook
The geographical horizon of the edible films and coatings market comprises South America, North America, the Middle East and Africa, Asia Pacific, and Europe. North America is envisioned to emerge as the largest shareholder in the edible films and coatings market. Many food producers are embracing edible films and coatings over other packaging materials for reducing the carbon footprint.
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5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
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Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
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