Cellulose Films Market Growth Accelerated By Rising Demand From Food Packaging Sector


Cellulose Films Market


Cellulose films are made from natural polymer cellulose extracted from various plants such as wood pulp and cotton linters. These films find wide application in food packaging owing to their biodegradable and environment friendly properties. Films help to maintain freshness and extend shelf life of packaged food items. Growing packaged and processed food industry globally is driving demand for cellulose films. The global Cellulose Films Market is estimated to be valued at US$ 30 Billion in 2023 and is expected to exhibit a CAGR of 28% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.


Market key trends:
Demand for biodegradable alternatives to conventional plastic films is witnessing significant rise globally. Cellulose films are emerging as ideal replacement as they are not made from non-renewable sources and degrade completely without harming environment. They break down into natural elements like carbon dioxide, water and compost within few weeks of disposal. Moreover, cellulose films provide superior moisture barrier and printability equivalent to plastic films. Leading food brands are switching to cellulose films for their packaging needs in order to attain sustainability goals. This growing shift towards eco-friendly products is expected to boost sales of cellulose films significantly over the forecast period.

Segment Analysis
The Global Cellulose Films Market Analysis can be segmented based on product type and end-use. Under product type, cellulose acetate films dominate the market owing to their versatility and wide range of applications in labeling, packaging, manufacturing, etc. Cellulose triacetate films are growing rapidly due to increasing use in cigarettes filter tow.

Key Takeaways

The global cellulose films market is expected to witness high growth during the forecast period from 2024 to 2031.

Regional analysis: Asia Pacific is expected to witness the highest growth in the global cellulose films market owing to rapid industrialization and extensive use of cellulose films in packaging and labeling industries in China, India, Japan and other developing countries in the region. The market in North America and Europe is mature with stable demand.

Key players: Key players operating in the cellulose films market are Futamura Chemical Co., Ltd., Celanese Corporation, Eastman Chemical Company, Heliatek, Fujifilm, Konica Minolta, SKC films. Futamura Chemical dominates the market with its wide product portfolio and global presence. Eastman Chemical and Celanese Corporation hold significant share due to their innovation and expansion strategies.

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