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Report updated on 11th September, 2021: Global Cellulose Film Packaging Market 2021 (Includes Business Impact of COVID-19)Global Cellulose Film Packaging Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global cellulose film packaging market report has been segmented on the basis of film type, source, end use industry, application, and region. Request Covid - 19 Impact The global Cellulose Film Packaging market size was valued at USD $709.57 million in 2020 and is projected to reach $1150.29 million by 2030, and is anticipated to expand at a CAGR of 4.95% over the forecast period from 2020 to 2030.
Global Cellulose Film Packaging Market: OverviewCellulose film packaging also known as bio-compostable packaging, is increasingly used in the form of pouches or bags in personal care and food and beverage sector. Increasing awareness regarding environmental concerns, biodegradable nature of cellulose film has made it an ideal choice for the development of sustainable solutions for packaging.
Global Cellulose Film Packaging Market: DynamicsCellulose films are becoming popular and widening application among various end user industries including food and beverages, personal care, and pharmaceuticals for packaging, are some factors driving market towards growth. In addition, stringent rules regarding usage of non-recyclable material such as plastics for packaging is influencing adoption of eco-friendly packaging solution, i.e. cellulose film. Moreover, increasing utilization of personal care products is expected to propel demand for these film for packaging, which is expected to drive growth of the target market over the forecast period. However, fluctuating cost of raw materials required for production of cellulose films is one of the major factor projected to hamper target market growth. In addition, availability of alternative and cost effective solution, may hamper growth of the target market.
Global Cellulose Film Packaging Market: Segmental AnalysisAmong the source segments, the cotton segment is anticipated to account for significant revenue share, owing to ease of availability. Among the film type segments, the transparent film segment is expected to register significant growth, owing to its characteristics such as transparency and sturdiness. Among the end use segments, the segment is projected to register substantial growth, owing to Among the application segments, the food and beverages segment is projected to contribute majority revenue shares, owing to high demand for cellulose films for packaging the food products.
Global Cellulose Film Packaging Market: Regional AnalysisEuropean market for cellulose film is expected to register substantial growth, owing to increasing government initiatives regarding reducing greenhouse gas effect. According to study conducted in Europe by Madano communications Thinking in 2016, consumers react positively toward businesses which uses cellulose film packaging for packaging products. North America cellulose film market is projected to contribute significant revenue shares, owing to increasing consumption of packaged food. Moreover, packaging businesses is expected to focus on material improvements to meet a wider scope of packaging needs. Cellulose film market in Asia Pacific is expected to account for major revenue shares in global market, owing to growing food and beverages industry. In addition, strong base of manufacturing and easy availability of raw materials are some additional factors expected to propel growth of the target market. Rapid growth of the retail industry including food retail chains, and departmental stores in emerging countries such as India and China is another factor expected to fuel growth of the target market in this region.
Global Cellulose Film Packaging Market Segmentation:Segmentation by Film Type:
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Cellulose Film Packaging Market Outlook 3.1. Market Segmentation 3.2. Market Size and Growth Prospects, 2016 - 2027 3.3. Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis | read more...