Cellulose Film Packaging Market is forecasted to increase at a year-on-year (YoY) growth of 5.1% in 2022

As per Future Market Insights (FMI) analysis, the cellulose film packaging market is estimated to register highly positive growth through 2022, with the overall valuation to reach US$ 781.4 Mn in 2022. FMI projects cellulose film packaging sales to increase at 4.9% CAGR between 2022 and 2028. In terms of volume, the cellulose film packaging market has been projected to expand at 4.7% CAGR over the forecast period.

The cellulose film packaging market analysis shows that the global valuation of overall cellulose film packaging is forecasted to increase at a year-on-year (YoY) growth of 5.1% in 2022. The cellulose film packaging market is expected to be driven by the APEJ region which is estimated to hold a prominent market share of 35% in 2022.

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It also reduces waste production as cellulose films are compostable. Cellulose film packaging provides better durability as well as good printability. The availability of a wide range of innovative packaging solutions is likely to have a significant impact on the demand in cellulose film packaging market during the forecast period.

In this report, Future Market Insights suggests that the cellulose film packaging will play a major role in food & beverage industry during the forecast period. A shift in preference from traditional cellulose film packaging towards bio-compostable packaging solutions has been observed among packaging manufacturers. Additionally, cellulose film packaging extend the shelf life of fresh produce packed by controlling the moisture content. Land filling problems are majorly caused by the extensive use of conventional plastic bags, pouches, bottles, etc.

The analysis of the cellulose film packaging market reveals that in 2022, a year-over-year (YoY) growth of 5.1 percent is anticipated for the global valuation of all cellulose film packaging. The APEJ region is anticipated to dominate the cellulose film packaging market in 2022, accounting for a significant market share of 35%.

Companies involved in the manufacturing of cellulose film packaging are focusing on enhancing their production capacity by establishing new production units. The manufacturers of cellulose film packaging are likely to eye the lucrative regions of Asia Pacific as well as Middle East & African regions in the coming years. Some of the key drivers for the growth of the global cellulose film packaging market include growing demand from food & beverage industry due to its biodegradable nature.

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Cellulose film packaging also helps in maintaining the aroma of food products and reduces the production of waste products as the films used for cellulose film packaging are easily compostable. The Asia Pacific Excluding Japan (APEJ) cellulose film packaging is expected to create highest incremental $ opportunity during the forecast period and is expected to grow at a significant pace in the coming years. Revenue from the cellulose films packaging market in North America is estimated to account for over 21.9% of the global cellulose film packaging market revenue in 2018.

Key players considered in this report on global cellulose film packaging market include

Futamura Chemical Co., Ltd.,
Celanese Corporation,
Hubei Golden Ring Co. Ltd.,
Weifang Henglian Cellophane Co. Ltd,
Chengdu Huaming Cellophane Co. Ltd,
Eastman Chemical Company,
Sappi Limited,
Tembec Inc,
Rhodia Acetow GmbH and
Rotofil Srl.
Promoting Bio Plastics Drive the Market Growth of Cellulose Film Packaging?

Bio plastic packaging manufacturers are looking towards developing biodegradable plastics which can reduce the overall carbon footprint. Government organizations are working in partnership with the companies that are focusing on bio plastics packaging products. The sustainable packaging market growth is supported by several government efforts like tax exemption for bio plastic resin manufacturing and subsidies. Furthermore, cellulose films are allocated several different certifications such as Compostable Kompostierbar 7P0085, ASTM 6400, EN 13432, etc. from several governments as an initiative to increase the adoption.

Japan BioPlastics Association (JBPA) is collaborating with other nations such as the U.S., China and South Korea to test and bring out methods to use biodegradable bio plastics such as cellulose films. JBPA has developed a bio plastics identification and labelling system that will check the carbon content in the derived bio plastics.

Cellulose Film Packaging Market by Category

By Film Type:

Transparent Cellulose Film
Colored Cellulose Film
Metalized Cellulose Film
By Source:

Wood
Cotton
By Application:

Bags & Pouches
Labels
Tapes
Release Liners
Wrapping Films
By End-use Industry:

Food & Beverage
Pharmaceuticals
Personal Care
Homecare
Retail
By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Middle East and Africa (MEA)
Japan
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.