Global Edible Films and Coatings For Fruits and Vegetables Market, 2021-2026: Increasing Demand For Edible Packaging as an Alternative to Plastic Packaging - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Edible Films and Coatings For Fruits and Vegetables Market - Growth, Trends, Covid-19 Impact and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The global edible films and coatings for fruits and vegetables market was valued at USD 709.77 million in 2020 and is expected to register a CAGR of 6.76% during the forecast period 2021-2026.

As a result of the COVID-19 pandemic, the consumer interest rose in products that support the overall maintenance of health and wellness, which has urged the consumers to increase their nutritional intake and consume safer and healthier foods.

This resulted in an increased demand for fresh and organic foods, including fruits and vegetables. Hence, stocking up the trolleys with more foods of organic and fresh-origin, along with fruits and vegetables has boosted the application of these films and coating in the market.

Over the medium term, the demand for edible films and coatings is expected to be driven by the need for complete biodegradation of plastics along with reduced wastage and improved shelf life of fruits and vegetables. The utilization of renewable resources for packaging materials, such as hydrocolloids and lipids from a biological origin, is one of the main trends of the flexible packaging industry.

Thus, the rise in demand for edible packaging, backed by an improved focus on research and development, is driving the overall market for edible films and coatings, globally.

Key Market Trends

Increasing Demand For Edible Packaging As An Alternative To Plastic Packaging

The demand for edible films and coatings is driven by the need for complete biodegradation of plastics. The rise in demand for edible packaging, backed by an improved focus on research and development, is also driving the overall market for edible films and coatings, globally. Plastics that are advertised as being oxo-biodegradable are made from conventional plastics and mixed with additives to mimic biodegradation.

However, the main effect of oxidation is a mere fragmentation of the material or product into small particles that remain in the environment. Thus, regarding reduced wastage and improved shelf life of fruits and vegetables, several companies are launching edible packaging to extend their shelf life.

Competitive Landscape

The major players operating in the global edible films and coatings for fruits and vegetables market include, Tate & Lyle PLC, Sumitomo Chemical Co. Ltd, and RPM International Inc. Companies, such as Tate & Lyle PLC and Sumitomo Chemical, hold strong market positioning as they have strong distribution channels and a high market penetration across the world.

Also, these players work around the sustainability factor, along with reducing dependency on harmful chemicals.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Industry Attractiveness - Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Ingredient Type

5.1.1 Proteins

5.1.2 Polysaccharides

5.1.3 Lipids

5.1.4 Composites

5.2 Geography

6 COMPETITIVE LANDSCAPE

6.1 Market Positioning Analysis

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

6.3.1 Tate & Lyle PLC

6.3.2 Sumitomo Chemical Co. Ltd

6.3.3 Sufresca

6.3.4 Flo Chemical Corporation (FloZein)

6.3.5 RPM INTERNATIONAL INC. (Mantrose-Haeuser Co. Inc.)

6.3.6 Bio Naturals Solutions

6.3.7 Apeel Sciences

6.3.8 Hazel Technologies Inc.

6.3.9 Mori (Cambridge Crops Inc.)

6.3.10 Liquid seal Bv

6.3.11 John Bean Technologies Corporation (JBT)

6.3.12 DECCO

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 IMPACT OF COVID-19 ON THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/warahm