The global cellulose-based plastics market size is expected to reach USD 176.5 Million at a steady CAGR of 17.5% in 2028, according to latest analysis by Emergen Research. Global cellulose-based plastics market revenue growth is driven by rising demand for cellulose acetate in electronics and food packaging applications, and the trend is expected to continue over the forecast period. Cellulose-based plastics are used to produce cellophane, thermoplastic products, ophthalmic goods, toys, and sheets, among others.
Increase in implementation of stringent regulations regarding use of conventional plastics due to environmental concerns and ban on use of various plastics has created rising demand for cellulose-based plastics that are produced from renewable raw materials. Cellulose-based plastics are also biodegradable, which is another factor driving market revenue growth. Rapidly increasing global population and urbanization along with rise in awareness regarding effects on health and environment in developing countries has created rising demand for cellulose-based plastics. Increasing concerns about high level of greenhouse gas emissions is driving the need for biodegradable and sustainable plastics.
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One of the report’s central components is the broad cellulose-based plastics market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report
The key companies studied in the report are:
Celanese Corporation, Solvay, Daicel Chemical Industries, Mitsubishi Rayon Company Limited, Eastman Chemical Company, SK Chemicals Co. Ltd., Rayonier Advanced Materials, Sappi, Merck Millipore, and Haihang Industry.
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
Emergen Research has segmented the global cellulose-based plastics market on the basis of type, application, end-use, and region:
- Type Outlook (Revenue, USD Million; 2018–2028)
- Cellulose Butyrate
- Cellulose Acetate
- Cellulose Propionate
- Application Outlook (Revenue, USD Million; 2018–2028)
- Extruded Films
- Ophthalmic Goods
- Others (Toys, Sport Goods)
- End-use Outlook (Revenue, USD Million; 2018–2028)
- Food Packaging
- Sports & Leisure
- Consumer Goods
Objectives of the Report:
Study of the global Cellulose-Based Plastics market size by key regions, types, and applications with reference to historical data (2017-2019) and forecast (2021-2028)
Industrial structure analysis of the Cellulose-Based Plastics market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Analysis of Cellulose-Based Plastics market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Cellulose-Based Plastics market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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