Global Cellulose Film Packaging Market 2021 (Includes Business Impact of COVID-19)

                                          
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.
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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: Overview


Cellulose 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: Dynamics


Cellulose 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 Analysis


Among 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 Analysis


European 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:

  
Colored Film
  
Transparent Film
  
Metalized Film

Segmentation by Source:

  
Cotton
  
Wood

Segmentation by End Use Industry:

  
Pharmaceuticals
  
Food & Beverage
  
Retail
  
Personal Care

Segmentation by Application:

  
Labels
  
Bags & Pouches
  
Release Liners
  
Tapes
  
Wrapping Films


Key Market Players included in the report:


  
Business Strategy
  
Celanese Corporation
  
Chengdu Huaming Cellophane Co. Ltd
  
Eastman Chemical Company
  
Futamura Chemical Co., Ltd.
  
Hubei Golden Ring Co. Ltd.
  
Rhodia Acetow GmbH
  
Rotofil Srl
  
Sappi Limited
  
SWOT Analysis
  
Tembec Inc
  
Weifang Henglian Cellophane Co. Ltd


Below are the key development related to Cellulose Film Packaging Market in 2020 and 2021.


April 2021: ProAmpac Acquires El Dorado Packaging, Strengthening its Consumer and Industrial Paper Packaging Offering. Expands Multi-Wall Bag Production into Flour and Food Ingredients Markets. ProAmpac, a leader in flexible packaging and material science, announced that it has acquired El Dorado Packaging (“El Dorado”), a leading producer of consumer and industrial multi-wall packaging solutions. Terms of the transaction were not disclosed. El Dorado manufactures customized paper-based packaging and printing solutions for retail and industrial markets. With three plant locations in Arkansas, Minnesota and Nebraska, El Dorado produces paper self-opening sacks, rollstock for consumer packaging and industrial multi-wall bags for food service, seed, animal health and chemical markets. With this acquisition, ProAmpac expands its multi-wall bag product offering into flour and food ingredients markets, while strengthening its paper packaging capabilities in industrial markets. Source

January 2021: ProAmpac Acquires Rapid Action Packaging. Expands into Flexible Packaging for Ready-to-Eat and Fresh Prepared Foods Sold at Retail. ProAmpac, a leader in flexible packaging, announced that it has acquired Rapid Action Packaging (RAP), a private, U.K.- based manufacturer of cellulose-based packaging products for fresh prepared and ready-to-eat foods. Terms of the transaction were not disclosed. RAP is a leading designer and manufacturer of sustainable packaging for fresh prepared foods sold at retail, including sandwiches, wraps, chicken tenders and salads. With this acquisition, ProAmpac expands its manufacturing capabilities to produce primary packaging for ready-to-eat and fresh prepared foods, broadening its sustainable product offering for retail food markets. Source

January 2020: Nouryon Acquiring J.M. Huber Corporations Carboxymethyl Cellulose Business. The transaction is expected to close in the second quarter of 2020, subject to regulatory approvals. Nouryon is continuing its growth acceleration plans with an agreement to acquire the carboxymethyl cellulose (CMC) business of J.M. Huber Corporation. The transaction will significantly broaden Nouryon’s portfolio of products in CMC, a sustainable, bio-based water-soluble polymer used as a thickener, binder, stabilizer and film former. The companies have largely complementary positions in CMC end markets, which include home and personal care, mining, food, pharmaceuticals, and paper and packaging. The business manufactures a complete line of CMC grades and serves customers in over 80 countries, generating sales of around €135 million. It includes a manufacturing facility as well as an advanced R&D facility located at Äänekoski, Finland. Source