Cellulose films market

Cellulose Films Market, by Type (Colorless Cellulose Films and Colored Cellulose Films), by Product Type (Bags & Pouches, Labels, Tapes, Wrapping Films and Others), by Application (Packaging, Mulch Films, Containers, Adhesives, Textile Sizing Agents, and Others), by End-use (Food & Beverages, Personal Care, Pharmaceutical, Paints & Coatings, Building & Construction, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Jan 2023
CMI5485
180 Pages
Excel & Pdf
Green Chemicals

Summary

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

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.

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

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.

Table of Content

Table of Contents

* Browse 58 market data tables* and 40 figures* on "Global Cellulose Films Market” - Forecast to 2017-2030.

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What is the global cellulose films market size and compound annual growth rate (CAGR) of the market during the forecast period (2022-2030)?

The global cellulose films market was valued at US$ 745.4 Mn and is expected to grow at a CAGR of 5.1%.

What are the major factors that are expected to drive the market growth during the forecast period?

Increasing importance of sustainable packaging solution can help to boost the market growth in upcoming years.

What are the trends in the market?

Increasing demand in the packaging industry of market can boost the market growth in the worldwide.

What are the key factors hampering the market growth?

High prices of raw material can hampered the market growth.

Which are the major players operating in the market?

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.