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.

Get more insights on this topic: https://www.trendingwebwire.com/cellulose-films-market-size-and-share-analysis-growth-trends-and-forecasts/

Explore more information on this topic, Please visit: https://techaxen.com/medicine-testing-services-in-the-us-ensuring-product-safety-and-compliance/

Comments

Post a Comment

Popular posts from this blog

The Global Hydrogen Aircraft Market Is Propel By Hydrogen Fuel Powers Eco-Friendly Aviation

Image
Hydrogen Aircraft Market  Hydrogen fuel cells provide onboard electricity with only water as a byproduct, making them an eco-friendly alternative to conventional jet fuels. Hydrogen fuel cells can power aircraft auxiliary systems and offer a range of over 1,000 nautical miles. The global hydrogen aircraft market is estimated to be valued at  US$ 7.76 Mn in 2023  and is expected to exhibit a  CAGR of 5.0%  over the forecast period 2023-2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Green Flight Plans Drive Adoption of Hydrogen Technology Major airlines and aircraft manufacturers have announced plans to introduce hydrogen-powered commercial aircraft by 2035 as part of their commitments to achieving net-zero carbon emissions by 2050. The development of hydrogen fuel cell and storage systems suitable for aviation is being pursued through collaborative research programs. Government incentives and potential carbon credit...
Read more

Tissue Paper Market Growth Accelerated By Increasing Demand From Healthcare Facilities

Image
Tissue Paper Market Tissue paper is a lightweight paper which is used for various hygiene and sanitation purposes including toilet paper, facial tissues, paper towels, and napkins. Tissue paper provides softness, strength and absorbency, making it ideal for applications related to healthcare sector such as hospitals, nursing homes, and clinics. The increasing focus on hygiene and sanitation in healthcare facilities is anticipated to propel the demand for tissue paper products over the forecast period. The global Tissue Paper Market is estimated to be valued at   US$ 84.37 Bn   in   2023  and is expected to exhibit a   CAGR of 6.2%   over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing demand from healthcare sector is one of the major trends boosting the growth of the tissue paper market. With growing healthcare infrastructure and rising spending on healthcare services,...
Read more

Epstein - Barr Virus (EBV) vaccination is fastest growing segment fueling the growth of monovaccine market

Image
Monovaccines  Monovaccines refers to vaccines that provide protection against a single pathogen or disease. EBV monovaccine helps in preventing infectious mononucleosis caused by the Epstein–Barr virus. It offers advantages like conferring lifelong immunity, protection from various cancers associated with EBV infection and reducing disease burden in resource limited countries. The global monovaccine market is estimated to be valued at US$ 10.42 Bn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the major trends in the monovaccine market is rising investment by manufacturers in research and development of EBV vaccines. As per statistics, around 95% of adult population gets infected by EBV at some point in their life making it an attractive target pathogen for vaccination development. Further, increasing awareness about EBV linked cancers lik...
Read more