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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Some Key Highlights From the Report
In April 2021, Packaging Matters and Origin Materials, Inc. announced an agreement to develop advanced packaging materials, including a next-generation Polymer Polyethylene Furanoate (PEF). Origin Materials, Inc. will leverage its patented technology which converts cellulose from sustainable wood residues into carbon negative cost-advantaged materials that reduce the need for fossil resources. The partnership will revolutionize a wider range of end products, including clothing, plastics, and textiles, among others.
Cellulose acetate is a plastic manufactured from purified natural cellulose. It has high transparency and aesthetic appeal, high mechanical strength, good resistance to chemicals, and can be produced in a range of colors. Cellulose acetate dominated other type segments in terms of revenue share in the global market in 2020 as it is widely produced and readily available.
Cellulose-based plastics are commonly used in ophthalmic goods. They are premium materials used in the production of eyeglasses, and are highly durable, resistant to change in temperature, renewable, hypoallergenic, comfortable for extended period of time, are ideal for dye absorption, and can also be crafted into various geometric forms.
Cellulose-based plastics are an alternative to traditional plastics that make up most components in electronic devices, including mobile phones and computers. The material is biodegradable, renewable, strong, and lightweight. Major demand for sustainable plastics for manufacture of components used in human–machine interface units, wearable medicalâ€healthcare systems, personalized mobile equipment, and bionic intelligent robots is also driving market growth.
Europe accounted for largest revenue share in 2020 due to increasing concerns for the environment, stringent laws banning the use of single-use plastics, and increasing investment in research & development to develop advanced and more cost-effective materials and products.
Key players in the market include 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.
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Type Outlook (Revenue, USD Million; 2018–2028)
Application Outlook (Revenue, USD Million; 2018–2028)
Others (Toys, Sport Goods)
End-use Outlook (Revenue, USD Million; 2018–2028)
Sports & Leisure
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Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
The report segments the Cellulose-Based Plastics market on the basis of geography, end-user, end-use, product application, type, share, growth rate and size to reveal where the industry will be in the coming years. The researchers assessing the industry have included the details about the recent decisions and events such acquisition and mergers, collaborations, product launch and investments. Important decisions connected with such events come handy for business owners when positioning their brands in the global market and finalizing the marketing strategies.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Cellulose-Based Plastics Market Segmentation & Impact Analysis
4.1. Cellulose-Based Plastics Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
22.214.171.124. Stringent environmental regulations
126.96.36.199. Rising need to reduce bacterial or algal contamination in water systems
188.8.131.52. Increasing demand for biocides for municipal water treatment
4.2.3. Market restraints analysis
184.108.40.206. Fluctuating prices of raw material
220.127.116.11. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Cellulose-Based Plastics Market By Application Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Cellulose-Based Plastics Market By Product type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Cellulose-Based Plastics Market Regional Outlook
Chapter 8. Competitive Landscape
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Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
Facebook | LinkdIn | Twitter | Blogs