Cellulose films are biodegradable and sustainable packaging films made from plant-based fibers. They provide an eco-friendly alternative to plastics and are widely used in flexible packaging for food, pharmaceuticals and other consumer goods. The global demand for sustainable packaging has fueled the adoption of cellulose films. Their moisture barrier properties and printability make them suitable for packaging various products while reducing environmental footprint.
The global Cellulose Films Market is estimated to be valued at US$ 823.37 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising demand for sustainable packaging has been a key driver for the growth of the cellulose films market. Customers across various end use industries are increasingly preferring eco-friendly alternatives to plastic packaging in order to reduce waste generation. Cellulose films decompose quickly and release no toxic chemicals during degradation. Their plant-based composition appeals to environmentally conscious consumers. Leading F&B brands have started adopting cellulose films for packaging various products ranging from snacks to fresh produce in order to improve their sustainability credentials. Growing regulatory pressures on single use plastic usage is also prompting various industries to transit towards cellulose films. With sustainability becoming a priority, the demand for cellulose films is expected to rise significantly over the forecast period.
SWOT Analysis
Strength: Cellulose films have high mechanical strength and are 100% biodegradable and compostable. They are environmentally friendly alternatives to plastic films.
Weakness: Cellulose films have low moisture and gas barriers properties compared to plastics. They also have low resistance to oils and greases.
Opportunity: Growth in food packaging and pharmaceutical industries is driving demand for sustainable and eco-friendly packaging materials. Cellulose films are increasingly being used as alternatives to plastic films in these industries.
Threats: Stiffer competition from bioplastics and other bio-based films which offer improved functionality. Volatility in raw material prices can increase production costs.
Key Takeaways
The global cellulose films market is expected to witness high growth over the forecast period of 2023 to 2030. The market size for 2023 is estimated to be US$ 823.37 Mn growing at a CAGR of 12%.
Regional analysis
Asia Pacific dominates the global cellulose films market holding over 35% share of the total market. Countries like China, India, Japan and South Korea are major markets in the region. Growing population, rising incomes, expanding food processing and pharmaceutical industries are driving demand for cellulose films in Asia Pacific. North America and Europe are other sizable markets for cellulose films.
Key players
Key players operating in the cellulose films market are ATM S.A. (ATMAN), Equinix, Inc., Aruba S.p.A., Beyond.pl, EdgeConneX Inc., Virtua Operator, Exea Data Center, Comarch SA, OVH, T-Mobile Polska, SNP Poland Sp. z o.o. These key players are focusing on strengthening their production capacities and geographic reach to capitalize on the vast opportunities in the market.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
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