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  • Published On : Jan 2023
  • Code : CMI5485
  • Industry : Green Chemicals
  • Pages : 180
  • Formats :

Cellulose is found in tree bark and a plant’s leaves. People are consume the plant foods which contain more amount of cellulose that helps to maintain them healthy. Cellulose contain materials such as agricultural residues, water plants, grasses, and other plant substances. Moreover, it plays a vital role in human nutrition in the form of its dietary fiber, which is center for healthy digestion. Cellulose reduce the total number of calories and grams of carbohydrate on a weight basis which can help to reduce the weight loss. Some examples of cellulosic materials are bagasse, straw, paper, and materials of plant cellulosic fibers such as hemp, giant reed, eucalyptus, and Miscanthus.

The global cellulose films market was valued at US$ 745.4 in 2021 and is expected to reach US$ 1,166.4 Mn by 2030  exhibiting a CAGR of 5.1% during the forecast period 2022-2030.

Drivers:

Increasing importance of sustainable packaging solution

Increasing the demand of consumer preferences, government policies, and corporate standards which can help to fuel the global cellulose films market growth in forecast period. Moreover, cellulose films is biodegradable and compostable. Cellulose films are widely used in food industry for packing the food, which can help to maintain the product quality. It provides better durability as well as printability. Cellulose films can also maintain the aroma of the food product.

Growing concerns regarding environmental degradation and use of eco-friendly items

Increasing awareness of the pollution and environmental degradation among consumers and various steps taken by government to protect the integrity and safety of the environment can drive the global cellulose films market growth in upcoming years. Because of the government policies, the traditional non-biodegradable plastic usage being replaced by the cellulose films. Moreover, increasing the health consciousness consumer base can help to boost the global cellulose films market growth in forecast period.

Figure 1. Global Cellulose Films Market Revenue Share (%), By Application, 2021

Cellulose Films  | Coherent Market Insights

Among application, packaging held a dominant position in the global cellulose films market in 2021, accounting for 27% market revenue share, followed by mulch films and containers. Rising the demand of food manufacturing unit can help to drive the global cellulose films market growth in upcoming years. Moreover, government and people are more health conscious about eco-friendly packaging products which can fuel the global cellulose films market growth in forecast period.

Market Restraints

Low industrial use due to mechanical characteristics

Cellulose films are restricted from some extensive industries such as cotton industry due to the barrier and mechanical characteristics of the material compared to conventional plastics. Moreover, it is also restricted by their poor resistance to moisture which can also help to restraint the global cellulose films market growth.

High prices of raw materials

High prices of raw materials which are used in cellulose films can hinder the global cellulose films market growth in upcoming years. China is the major suppliers of raw materials and due to pandemic & travel restrictions they can increases the prices of raw materials which can restraints the market growth in upcoming years.

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Cellulose Films Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 745.4 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 5.1% 2030 Value Projection: US$ 1,166.4 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
  • Middle East & Africa: Middle East & Africa
Segments covered:
  • By Type: Colorless Cellulose Films, Colored Cellulose Films
  • By Product Type: Bags & Pouches, Labels, Tapes, Wrapping Films, Others
  • By Applications: Packaging, Mulch Films, Containers, Adhesives, Textile Sizing Agents, Others
  • By End-use: Food & Beverages, Personal Care, Pharmaceutical, Paints & Coatings, Building & Construction, Others
Companies covered:

Eastman Chemical, Futamura Group, Innovia Films, FkuR, Sateri, Celanese Corporation, China Lucky Film Corp., Chengdu Huaming Cellophane Co., Ltd, Ningbo Jiangdong Credit, Shaoxing Chunming Cellulose Film Co., Weifang Henglian Films Co, Zhejiang Koray New Material Co., Ltd., INTERPLEX INDIA PRIVATE LIMITED, IPI GmbH,  and Rengo Co., Ltd.

Growth Drivers:
  • Increasing importance of sustainable packaging solution
  • Increasing demand in the packaging industry
Restraints & Challenges:
  • High prices of raw material

Market Trends

Increasing demand in the packaging industry

Cellulose films are made from cellulose which are used in both flexible and rigid packaging applications. Moreover, biodegradable plastics made of cellulose films are used for wrapping organic food as well as premium branded product with their requirements. Additionally, increasing the demand of ready-to-eat food products including bakery and confectionary product due to hectic lifestyle can drive the global cellulose films market growth in forecast period.

Increased demand for natural plastics

Increasing the demand of natural plastics due to their properties such as good toughness, glossy texture, and high transparency can drive the global cellulose films market growth in forecast periods. Moreover, this is used in textile application because it is very comfortable & absorbent and easily dyed in many different colors. Additionally, increased the demand of cellulose films due to environmental friendly, bio-degradable and cost effective nature that can propel the global cellulose films market growth in upcoming years.

Figure 2. Global Cellulose Films Market Revenue Share (%), By End-use, 2021

Cellulose Films  | Coherent Market Insights

Among End-use, the food & beverages segment held a dominant position in the global cellulose films market in 2021, accounting for 29% of market revenue share, followed by paints & coatings and pharmaceutical. Cellulose film extend the shelf life of fresh produce packed by controlling the moisture content which can drive the global cellulose films market growth in forecast period. 

Global Cellulose Films Market - Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 has positively as well as negatively affected the global cellulose films market. Due to lockdowns, countries are banned to travel and shutdown of business can reduce the economic and industries growth of the developing countries. Disruption in raw materials supplies and freeze the supply chain during the pandemic global cellulose films market witnessed the lower growth. However, the increased the production of bio polylactic acid (PLA) is expected to have a negative impact on demand for cellulose films. The demand of consumer goods reduced significantly, which in turn hampered the global cellulose films market growth. Due to the pandemic, peoples are more health conscious and they are consume the natural products such as fruits and vegetables which are the high source of cellulose and maintain the health which can propel the global cellulose films market growth.

Competitive Section

Major players operating in the global cellulose films market include Eastman Chemical, Futamura Group, Innovia Films, FkuR, Sateri, Celanese Corporation, China Lucky Film Corp., Chengdu Huaming Cellophane Co., Ltd, Ningbo Jiangdong Credit, Shaoxing Chunming Cellulose Film Co., Weifang Henglian Films Co, Zhejiang Koray New Material Co., Ltd., INTERPLEX INDIA PRIVATE LIMITED, IPI GmbH, and Rengo Co., Ltd.

Cellulose is an organic compound with the formula of (C6H10O5) n. It is a polysaccharide including thousands of β linked D-glucose units in linear chain. Cellulose is the main part for manufacturing of paper, cardboard, and textiles which are made from cotton, flax, or other plant fibers. It is an insoluble fiber which does not dissolve in water. Cellulose is a fiber mainly founds in fruits, vegetables, and other plant foods as part of plant cell wall.

Market Dynamics

In the food industry, cellulose is used as a food thickener in packaged sauces and soups. Moreover, it is widely utilized in the paper and textile industries such as China, Japan, and India. Cellulose is an insoluble fiber which does not dissolve in water. There are various health benefits of cellulose such as they can helps to reduce the cancer properties, lower the risk of metabolic diseases, and others. For instance, in November 2022, a global chemical and specialty materials company, Celanese Corporation acquired the Mobility & Materials business of a chemical manufacturer, DuPont which is essential to help people and economics thrive. Additionally, in December 2018, an Indian company, Century Pulp & Paper launched Natura Wrap biodegradable cellulose film. Natura Wrap is making an environment friendly product which helps to drive the cellulose films market growth in forecast period.

Key features of the study:

  • This report provides an in-depth analysis of the global cellulose films market, its market size (US$ Mn), and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering as the base year
  • It elucidates potential revenue opportunity across different segments and explains an attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new material type launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global cellulose films market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Eastman Chemical, Futamura Group, Innovia Films, FkuR, Sateri, Celanese Corporation, China Lucky Film Corp., Chengdu Huaming Cellophane Co., Ltd, Ningbo Jiangdong Credit, Shaoxing Chunming Cellulose Film Co., Weifang Henglian Films Co, Zhejiang Koray New Material Co., Ltd., INTERPLEX INDIA PRIVATE LIMITED, IPI GmbH,  and Rengo Co., Ltd.
  • Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global cellulose films market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cellulose films market

Detailed Segmentation:

  • Global Cellulose Films Market, By Type
    • Colorless Cellulose Films
    • Colored Cellulose Films
  • Global Cellulose Films Market, By Product Type
    • Bags & Pouches
    • Labels
    • Tapes
    • Wrapping Films
    • Others
  • Global Cellulose Films Market, By Application
    • Packaging
    • Mulch Films
    • Containers
    • Adhesives
    • Textile Sizing Agents
    • Others
  • Global Cellulose Films Market, By End-use
    • Food & Beverages
    • Personal Care
    • Pharmaceutical
    • Paints & Coatings
    • Building & Construction
    • Others
  • Global Cellulose Films Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Country:
        • U.K.
        • Germany
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • South Korea
        • ASEAN
        • Australia
        • Rest of Asia Pacific
    • Latin America
      • By Country:
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • By Country:
        • Middle East
        • Africa
  • Company Profiles
    • Eastman Chemical
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Futamura Group
    • Innovia Films
    • FkuR
    • Sateri
    • Celanese Corporation
    • China Lucky Film Corp.
    • Chengdu Huaming Cellophane Co.,Ltd
    • Ningbo Jiangdong Credit
    • Shaoxing Chunming Cellulose Film Co.
    • Weifang Henglian Films Co
    • Zhejiang Koray New Material Co., Ltd.
    • INTERPLEX INDIA PRIVATE LIMITED
    • IPI GmbH
    • Rengo Co., Ltd.

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global cellulose films market was valued at US$ 745.4 Mn and is expected to grow at a CAGR of 5.1%.
Increasing importance of sustainable packaging solution can help to boost the market growth in upcoming years.
Increasing demand in the packaging industry of market can boost the market growth in the worldwide.
High prices of raw material can hampered the market growth.
Major players operating in the market include Eastman Chemical, Futamura Group, Innovia Films, FkuR, Sateri, Celanese Corporation, China Lucky Film Corp., Chengdu Huaming Cellophane Co., Ltd, Ningbo Jiangdong Credit, Shaoxing Chunming Cellulose Film Co., Weifang Henglian Films Co, Zhejiang Koray New Material Co., Ltd., INTERPLEX INDIA PRIVATE LIMITED, IPI GmbH,  and Rengo Co., Ltd.

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