Edible and Soluble Films Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0209902
  • Format: Electronic (PDF)
  • Number of Pages: 195
  • Author(s): Joshi, Madhavi

Report Overview

The Edible and Soluble Films Market size was estimated at USD 2.2 billion in 2023 and is projected to reach USD 4 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.00% during the forecast period (2024-2030).

Edible and Soluble Films Market

(Market Size)
$2.2 billion
$4 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.00%
2023 Market Size USD 2.2 billion
2030 Market Size USD 4 billion
Key Players DuPont, Ashland, FMC Corporation, KIMICA Corporation, Dohler Group

Market Summary

The edible and soluble films market represents a dynamic and rapidly advancing segment within the packaging industry, focusing on materials designed for consumption or dissolution upon use. These films are primarily manufactured from natural polymers, including proteins, polysaccharides, and lipids, which provide a sustainable and often biodegradable alternative to conventional plastic packaging. The market is propelled by the escalating global demand for eco-friendly packaging solutions, heightened consumer awareness regarding plastic pollution, and stringent governmental regulations aimed at reducing plastic waste. Industries such as food and beverage, pharmaceuticals, and nutraceuticals are major adopters, utilizing these films for unit-dose packaging, flavor encapsulation, and as barriers to extend product shelf life. The innovation in material science has led to the development of films with enhanced mechanical properties, improved barrier functions against moisture and oxygen, and better solubility profiles. As sustainability becomes a core tenet of corporate strategy across sectors, the edible and soluble films market is positioned for significant expansion, offering a viable solution to the environmental challenges posed by traditional packaging materials while meeting the functional requirements of modern product delivery and preservation.

Key Highlights

The edible and soluble films market is distinguished by several pivotal developments that underscore its growing importance. A key highlight is the technological advancement in film formulation, enabling the creation of multi-functional films that offer not just packaging but also additional benefits like fortification with vitamins, minerals, or active compounds for enhanced product value. The market is witnessing increased investment in research and development from both established corporations and innovative startups, aiming to overcome existing limitations such as sensitivity to humidity and to expand the application scope into new industrial verticals. The regulatory landscape is increasingly favorable, with agencies in North America and Europe providing clear guidelines and approvals for the use of edible films in food contact applications, thereby accelerating commercial adoption. Another significant trend is the strategic partnerships and collaborations between film manufacturers, raw material suppliers, and end-user companies to co-develop customized solutions tailored to specific product needs, such as fast-dissolving oral films in pharmaceuticals or water-soluble pouches for detergent single doses. The consumer shift towards convenience and sustainable products further amplifies market growth, making edible and soluble films a critical innovation in the future of packaging.

Drivers, Opportunities & Restraints

The growth of the edible and soluble films market is driven by a confluence of factors, with the foremost driver being the intensifying global push towards sustainability and the circular economy. Regulatory pressures to minimize plastic waste, exemplified by bans on single-use plastics in numerous countries, compel industries to seek alternative packaging materials, thereby creating a robust demand for edible and soluble options. The expanding food and beverage sector, particularly the demand for convenient, portion-controlled, and on-the-go products, utilizes these films for packaging individual servings of coffee, soup, or seasonings. In pharmaceuticals, the need for accurate dosing and improved patient compliance, especially for pediatric and geriatric populations, drives the adoption of orally dissolving films. Significant opportunities lie in technological innovations that enhance film performance, such as nanocomposites and hybrid materials that improve barrier properties and mechanical strength, opening new applications in high-value segments like organic foods and premium supplements. However, the market faces restraints including higher production costs compared to conventional plastics, which can limit widespread adoption in price-sensitive markets. Technical challenges related to scalability of production, stability under varying humidity conditions, and sometimes limited mechanical durability also pose hurdles. Despite these restraints, the ongoing R&D and increasing consumer acceptance present a favorable growth trajectory for the market.

Concentration Insights

The competitive landscape of the edible and soluble films market is characterized by a mix of large multinational corporations and specialized niche players, indicating a moderately concentrated market structure. Key players such as MonoSol, a part of Kuraray, and Aicello Corporation have established significant market presence through extensive product portfolios and strong patent holdings, particularly in water-soluble films for detergent and agrochemical packaging. The pharmaceutical segment features companies like IntelGenx Corp. and ZIM Laboratories Limited, which focus on advanced oral film technologies. There is a noticeable trend of forward and backward integration among leading companies, with many investing in proprietary raw material production to ensure supply chain security and cost control. Geographically, these players have a strong foothold in developed regions but are increasingly targeting emerging economies in Asia Pacific and Latin America through partnerships and local manufacturing units. The market also sees active participation from ingredient suppliers like DuPont and Cargill, who provide specialized polymers and contribute to innovation in film formulations. This concentration dynamic fosters a competitive environment driven by continuous innovation, strategic mergers and acquisitions, and a focus on expanding application areas to maintain and grow market share.

Type Insights

Edible and soluble films are categorized based on the raw materials used in their production, primarily into polysaccharide-based, protein-based, lipid-based, and synthetic polymer-based films. Polysaccharide-based films, derived from sources such as starch, cellulose, chitosan, and alginate, dominate the market due to their excellent film-forming properties, biodegradability, and generally recognized as safe (GRAS) status. These films are widely used in food packaging for their moderate barrier properties against oils and gases. Protein-based films, made from plant proteins like soy and wheat or animal proteins like gelatin and whey, offer superior mechanical strength and barrier properties against oxygen, making them suitable for sensitive food products and pharmaceutical coatings; however, they are often more hydrophilic. Lipid-based films, including waxes and fatty acids, provide exceptional moisture barrier properties but are limited by their brittle nature, leading to their frequent use in composite or multilayer films. Synthetic polymer-based films, such as those made from polyvinyl alcohol (PVA) and polyethylene oxide (PEO), are prized for their high solubility, mechanical robustness, and consistency, making them the material of choice for industrial applications like detergent pods and water-treatment chemicals. The selection of film type is highly application-specific, driven by the required dissolution rate, barrier properties, mechanical strength, and regulatory compliance for intended use.

Application Insights

The application spectrum for edible and soluble films is vast and expanding, primarily segmented into food packaging, pharmaceuticals, and other industrial uses. In the food and beverage industry, these films are extensively used for packaging individual portions of products such as instant coffee, soup mixes, spices, and dairy toppings, offering convenience and reducing packaging waste. They also serve as edible wrappers for confectionery items and as barriers to prevent moisture migration in multi-component foods. The pharmaceutical sector represents a high-growth application area, where edible films are engineered as oral drug delivery systems. These orally dissolving films (ODFs) provide a rapid disintegration and absorption platform for APIs, enhancing bioavailability and patient compliance, especially for those who have difficulty swallowing tablets. Beyond these, significant applications are found in the agrochemical industry for water-soluble pouches containing pesticides or fertilizers, which dissolve upon contact with water, ensuring precise dosing and improving handler safety. The detergent and cleaning products industry utilizes soluble films for unit-dose packaging of laundry and dishwasher pods, a format that has gained immense consumer popularity. Each application demands specific film properties, driving continuous innovation in material science to meet the unique challenges of product compatibility, stability, and user safety.

Regional Insights

The adoption and production of edible and soluble films exhibit distinct regional patterns influenced by regulatory frameworks, consumer behavior, and industrial development. North America holds a significant share of the market, driven by stringent environmental regulations, high consumer awareness regarding sustainable packaging, and a strong presence of leading film manufacturers and end-user industries in the food and pharmaceutical sectors. The United States, in particular, is a hub for innovation, with considerable R&D investment in advanced materials. Europe follows closely, characterized by proactive government policies against plastic waste, such as the EU's Single-Use Plastics Directive, which accelerates the shift towards biodegradable and edible alternatives. The Asia Pacific region is anticipated to witness the fastest growth, fueled by rapid industrialization, expanding middle-class population, increasing environmental concerns, and growing investments in packaging industries across countries like China, India, and Japan. Latin America and the Middle East & Africa are emerging markets, where growth is gradually picking up due to increasing urbanization and a slow but steady shift towards sustainable practices, though adoption is currently slower compared to other regions due to economic and infrastructural challenges.

Company Insights

The edible and soluble films market features a competitive arena with several key players driving innovation and market expansion. MonoSol, a Kuraray company, is a global leader renowned for its proprietary polyvinyl alcohol (PVA) based water-soluble films, widely used in detergent pods and food packaging. Aicello Corporation, a Japanese company, offers a diverse portfolio of water-soluble and edible films, with strong applications in the food and industrial sectors. In the pharmaceutical segment, IntelGenx Corp. is a prominent player specializing in developing oral film products for drug delivery through its proprietary VersaFilm technology. ZIM Laboratories Limited from India is another significant contributor, focusing on fast-dissolving oral films. Ingredient giants like DuPont and Cargill are also pivotal, supplying specialized materials like hydrocolloids and polymers that are essential for film production. These companies compete on factors such as technological expertise, product performance, patent portfolios, and the ability to provide customized solutions. The strategic focus for these entities includes expanding production capacities, engaging in collaborative research with end-users, and navigating the complex regulatory landscapes across different regions to capitalize on the growing demand for sustainable packaging solutions.

Recent Developments

The edible and soluble films market has been active with recent developments that highlight its innovative and evolving nature. A significant trend is the increased focus on enhancing the functional properties of films through nanotechnology, with companies developing nano-composite films that offer superior barrier and mechanical characteristics. There has been a surge in partnerships and collaborations, such as film manufacturers joining forces with food and pharmaceutical companies to co-develop tailored packaging solutions for specific products. Investment in expanding production capabilities is evident, with several leading firms announcing new manufacturing facilities or capacity increases to meet the rising demand, particularly in the Asia Pacific region. Regulatory milestones have also been achieved, with new approvals for the use of specific edible polymers in food contact applications in key markets, facilitating broader commercial use. Furthermore, the market is seeing a rise in the development of multi-layer and hybrid films that combine different materials to leverage their individual advantages, such as the moisture resistance of lipids with the strength of proteins, creating more versatile and high-performance packaging options. These developments collectively indicate a market that is rapidly advancing to overcome existing challenges and seize new opportunities.

Report Segmentation

This comprehensive market research report on the edible and soluble films market provides a detailed analysis segmented to offer granular insights. The segmentation is primarily based on type, categorizing the market into polysaccharide-based films, protein-based films, lipid-based films, and synthetic polymer-based films, each analyzed for their material properties, market share, and growth potential. The application segmentation covers key end-use industries including food packaging, where films are used for wraps and pouches; pharmaceuticals, focusing on drug delivery systems; and other industrial applications such as detergents and agrochemicals. The report further includes a geographical segmentation, breaking down the market into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, with country-level analysis for major economies within these regions. Each segment is evaluated in terms of market dynamics, key trends, growth influencers, and future outlook. This structured approach allows stakeholders to identify specific opportunities and understand the competitive landscape in their area of interest, facilitating informed strategic decision-making.

FAQs

What are edible and soluble films? Edible and soluble films are thin layers made from natural or synthetic polymers that can be consumed along with the product they package or dissolve in water, offering an eco-friendly packaging alternative.

What materials are used to make edible films? Common materials include polysaccharides like starch and cellulose, proteins such as gelatin and soy, lipids like waxes, and synthetic polymers including polyvinyl alcohol (PVA).

What are the main applications of these films? Primary applications include food packaging for single-serve items, pharmaceutical oral drug delivery systems, and unit-dose packaging for detergents and agrochemicals.

What are the key drivers of this market? Major drivers are the global push for sustainable packaging, stringent regulations against plastic waste, and growing demand from the food, pharmaceutical, and detergent industries.

What are the challenges facing the edible films market? Challenges include higher production costs compared to conventional plastics, technical issues like sensitivity to moisture, and the need for scalability in manufacturing processes.

Which region is the largest market for edible films? North America and Europe are currently the largest markets due to strong regulatory support and high consumer awareness, but the Asia Pacific region is expected to see the fastest growth.

Citius Research has developed a research report titled “Edible and Soluble Films Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Edible and Soluble Films Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Edible and Soluble Films Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Edible and Soluble Films Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Edible and Soluble Films Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Edible and Soluble Films Market
• Research Methodology
• Executive Summary
• Market Dynamics of Edible and Soluble Films Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Edible and Soluble Films Market
• Cost and Gross Margin Analysis of Edible and Soluble Films Market
• Edible and Soluble Films Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Edible and Soluble Films Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Edible and Soluble Films Market Key Stakeholders

Below are the key stakeholders for the Edible and Soluble Films Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Edible and Soluble Films Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Edible and Soluble Films Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Edible and Soluble Films Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Edible and Soluble Films Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Edible and Soluble Films Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Edible and Soluble Films Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Edible and Soluble Films Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Edible and Soluble Films Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Edible and Soluble Films Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Edible and Soluble Films Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Edible and Soluble Films Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Edible and Soluble Films Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Edible and Soluble Films Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Edible and Soluble Films Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Edible and Soluble Films Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Edible and Soluble Films Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Edible and Soluble Films Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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