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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The Global Cellulose-Based Plastics Market research study is an extensive collection of insightful information about the Cellulose-Based Plastics industry. The report covers the Cellulose-Based Plastics Market segmentation along with a detailed outline of the Cellulose-Based Plastics market size with regards to volume and valuation. The report provides comprehensive coverage of the Cellulose-Based Plastics market scenario for the current period and forecast timeline of 2021-2028. The Cellulose-Based Plastics market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Cellulose-Based Plastics market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Cellulose-Based Plastics market landscape.
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
- Others
- Application Outlook (Revenue, USD Million; 2018–2028)
- Thermoplastic
- Extruded Films
- Rods
- Sheets
- Ophthalmic Goods
- Others (Toys, Sport Goods)
- End-use Outlook (Revenue, USD Million; 2018–2028)
- Food Packaging
- Automotive
- Electronics
- Building/Construction
- Agriculture
- Sports & Leisure
- Consumer Goods
The report addresses the following key points:
- The report estimates the expected market size from 2021-2028
- The report provides a forecast of market drivers, restraints, and future opportunities for the Cellulose-Based Plastics market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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