Global Cellulose Film Packaging Market Overview
Cellulose film packaging can be derived from harvested plantations that are managed for obtaining wood pulps. Cellulose film packaging has been increasingly adopted in order to achieve sustainable development reducing overall environmental pollution rate caused due to rapid urbanization and industrialization across the globe. Cellulose films are renewable as well as compostable that reduces the need for extensive landfilling required in cases of traditional polythene packages. Additionally, increasing initiatives from regulatory bodies to makes packaging processes eco-friendly in industries, along with rising regulatory actions is predicted to propel the cellulose film packaging market at a strong rate. Cellulose films are being used for food packaging, as biodegradable tapes and labels for stationary goods, bags and pouches by retail markets along with release liners in quality and designed packaging. Rising awareness in consumer population regarding environmental concerns is attributed to propel the cellulose film packaging market significantly.
Market Size & Forecast
Cellulose Film Packaging Market is anticipated to record a CAGR of 5.1% over the forecast period. Many multi-national companies are concentrating towards new product advances in cellulose film packaging. Moreover, the many superior properties of cellulose film packaging are exploited in the field of food and beverage now and then. New uses for cellulose film packaging derivatives are discovered on a regular basis which is expected to drive the cellulose film packaging market rapidly.
Currently the global cellulose film packaging market is observing vibrant growth owing to an increase in demand of biodegradable and compostable packaging in the market. Advances in various end-user industries in the past few years and growing technological explorations is projected to drive cellulose film packaging market besides the wide range of functions of cellulose film packaging in an immense range of products such as adhesive films, food wrapping packages, cellulose film liners and others during the forecast period.
On the basis of regional platform, global Cellulose Film Packaging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
As an industrially developed and highly environmentally concerned region, North America is panned to observe substantial growth in cellulose film packaging market on account of rising cellulose film packaging usage for its biodegradable nature. North America is estimated to be followed by Asia Pacific in terms of consumption due to expanding requirements for cellulose film packaging in food and beverage as well as personal care industries. On the back of reducing pollution and landfill problems, Asia Pacific is budding as a regional cellulose film packaging and its derivatives consumption market.Europe is expected to drive demand and positively impact cellulose film packaging market growth over the forecast period on account of increasing cellulose film packaging application for taping, wrapping and labeling processes in various end-user industries. However, weak economic conditions in countries such as Russia, Spain and others is expected to showcase a more modest growth of the cellulose film packaging market over the forecast period.CLICK TO DOWNLOAD FREE SAMPLE
Our-in depth analysis of the global Cellulose Film Packaging market includes the following segments:
By Film Type
By End Use Industry
Global Cellulose Film Packaging Market is further classified on the basis of region as follows:
Growth Drivers & Challenges
The rising demand for cellulose based consumer packaging for various preserving, packing and carrying purposes in cosmetic, footwear, personal care and other industries are expected to drive the market rapidly over the forecast period. The growing R&D activities associated to cellulose based film packaging in various end use markets for better designing, cost efficiency; good quality printing and increasing the baggage’s aesthetic value is further expected to increase the market growth. The increasing push from the environmental regulatory bodies to use biodegradable and eco-friendly products is expected to contribute significantly in the growth of cellulose film packaging market over the forecast period. Rapid urbanization with flourishing economic development has resulted in increased environmental concerns and thus, increased awareness in the consumer as well as manufacturing population which is expected to boost the cellulose film packaging market around the developed as well as developing regions across the world. Furthermore, various government bodies implying tax resumption on bio-plastic resin manufacturing is estimated to propel the cellulose film packaging market strongly over the forecast period.
However, cost constraints associated with total manufacturing costs of cellulose based packaging films along with high raw materials prices for manufacturing cellulose based products is anticipated to face stiff competition from traditionally used packaging materials market that is estimated to serve as a key factor in the sluggish growth of cellulose film packaging market during the forecast period.
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