16th October 2018 – Global Edible Films Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. The factors that propel the growth of the market include increasing demand, rapid urbanization & industrialization, and product development & technological innovations.
In addition, some of the key factors that fuel the market growth include rise in disposable income, increasing shelf life of products, decreasing wastage from packaging material and growing awareness regarding environmental issues associated with disposal of solid waste. On the other hand, there are also factors that may hamper the growth of the Edible Films Market such as high cost. Edible Films Market is classified on the basis of product type, applications, distribution channel and geography. The industry is segmented by product type as Protein, Lipids, Polysaccharides and others. Edible Films Industry is classified on applications as Bakery and Confectionary, Dairy Products, Fruits & Vegetables, Nutritional Products, Meat, Poultry & Fish, and others. Edible Films Market is segmented by distribution channel as online stores, specialty stores and others.
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Edible Films Market is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa.
In case of geographical region, North America is expected to hold a major share in the market. The key factors that attribute to the growth of this region include technological innovations, governmental initiatives and presence of key players. On the other hand, Asia Pacific is projected to display high growth rates in the Edible Films Industry.
Some of the key players that fuel the growth of the Edible Films Market include Ashland INC., Cargill Inc., CP Kelco, Dupont, Devro Plc., FUERST DAY LAWSON HOLDINGS LIMITED, FMC Corporation, Ingredion INC., Koninklijke DSM N.V., Kerry Group PLC, MonoSol, LLC., Mantrose-Haeuser Co., Inc. (RPM International), Nagase & Co. Ltd., Proinec (Production and Innovation on Edible Coatings, SL), Pace International LLC., Takikawa Oblate Corporation, Limited, Tate & Lyle PLC, W Hydrocolloids, Inc., WikiCell Designs Inc., Watson Foods CO. INC., and others. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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