About Edible Films
The global edible films market is anticipated to witness steady growth over the forecast period due to the enlarged use of clean label strategies by food producers to carve out the use of artificial preservatives and tenants. Edible films are a brilliant solution to decrease the carbon footprint by manufactures and this is expected to boost the edible films market growth over the forecast period. The factors that propel the growth of the market include increasing demand, rapid urbanization & industrialization, and product development & technological innovations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.5% |
The global edible films market is highly fragmented and the major players have used various strategies including new product launches, agreements, expansions, joint ventures, acquisitions, partnerships, and others to upsurge their footprints in this market. Analyst at AMA Research estimates that United Kingdom Vendors will contribute the maximum growth to Europe Edible Films market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tate and Lyle PLC (United Kingdom), Koninklijke DSM N.V (Netherlands), Devro Plc. (United Kingdom), Kerry Group PLC (Ireland), FUERST DAY LAWSON HOLDINGS LIMITED (United Kingdom), Glanbia (Ireland), PRODUCTION AND INNOVATION ON EDIBLE COATINGS S.L. (Spain), INOX MECCANICA Srl (Italy) and Parkside Performance Films Ltd. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Tredegar Film Products BV (Netherlands).
Segmentation Overview
AMA Research has segmented the market of Europe Edible Films market by , Application (Dairy Products, Nutritional Products, Bakery and Confectionary, Fruits & Vegetables and Meat) and Region.
On the basis of geography, the market of Edible Films has been segmented into Europe (Germany, France, Italy, United Kingdom, Spain, Netherlands, Ireland, Rest of Europe). If we see Market by Ingredient Type, the sub-segment i.e. Protein [Casein, Gluten] will boost the Edible Films market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Food and Beverages will boost the Edible Films market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Consumption of Convenient Food Offerings Especially In Developed Regions and Governmental Initiatives to Reduce the Carbon Foot Print In the Food Sector
Market Growth Drivers:
A Growing Focus by Food Manufacturers on Reducing Wastage from Packaging Material, Increasing Shelf Life of Products, Safety Issues, and Effective Usage of Space and Alternative Uses of Edible Films as Additives
Challenges:
High Value of Import of Edible Films and Coatings
Restraints:
Lack of Local Manufacturers and Higher Cost Associated With Edible Packaging than Recycling Solutions
Opportunities:
Growing Consumption of Easy-To-Make Food Items Due To Busy and Hectic Lifestyles in both Developed and Developing Countries
Market Leaders and their expansionary development strategies
In October 2023, NatureWorks, a leading manufacturer of bioplastics for edible films, announced a collaboration with the University of Minnesota to develop novel edible films from agricultural waste, like corn stover. This is expected to improve sustainability and cost-effectiveness.
In September 2023, Lonza, a Swiss pharmaceutical and specialty chemicals company, acquired Vivapharm, a leading manufacturer of alginate-based edible films used in pharmaceuticals and nutraceuticals. This is seen as a move to expand Lonza's presence in the growing edible film market.
Key Target Audience
Edible Film Providers, Private Research Organizations, Government Research Organizations, Government Regulatory bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.