March 1, 2024

Cellulose Films Market Is Expected To Be Flourished By Growing Food Packaging Industry

Cellulose films are extensively used in food packaging applications such as bakery and confectionery packaging, and meat, poultry, and seafood packaging among others. Cellulose films provides excellent moisture barrier and high durability which makes them suitable for packaging of various food products. They are used to package cookies, candies, snacks, sliced meats and cheese slices. The global cellulose films market is estimated to be valued at US$ 33.2 million in 2024 and is expected to exhibit a CAGR of 28% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

The global cellulose films market is driven by growing food packaging industry. According to Statistica, global food packaging market size was valued at US$ 450 billion in 2019 and is expected to grow to US$ 580 billion by 2024 with a CAGR of over 5% during this period. Growth in demand for packaged and processed food products coupled with increasing consumption of snacks and bakery products is accelerating growth of food packaging industry. Cellulose films provide barrier against moisture, gases, oils and grease which makes them highly suitable for packaging of various foods. Cellulose films offers transparency, printability and barrier property at lower costs compared to plastic films. These favorable properties of cellulose films coupled with growing food packaging market has been fueling growth of cellulose films market.

Market Dynamics:

The growth of cellulose films market is driven by growing food packaging industry as mentioned above. Cellulose films are extensively used for food packaging applications owing to their excellent moisture barrier and durability properties. According to Food and Agriculture Organization (FAO), global population is expected to reach 9.7 billion by 2050 which will substantially surge the demand for food production. This growing demand is fueling growth of processed and packaged food industry globally. Growing popularity of packaged ready-to-eat meals, snacks and bakery items among consumers is a key growth driver for food packaging industry. Cellulose films provide moisture and gas barrier properties suitable for extended shelf-life of various food products. These favorable properties of cellulose films make them a preferred choice for food packaging applications. Additionally, cellulose films are bio-degradable and derived from plants which makes them sustainable alternative to plastic films. Shift towards eco-friendly packaging solutions is further propelling demand for cellulose films in food packaging markets across the globe.

Segment Analysis
The Global Cellulose Films Market Size is dominated by the food packaging sub-segment. This is because cellulose films possess ideal properties like oxygen and moisture barrier capabilities making them suitable for food packaging applications. They help extend the shelf life of foods by protecting them from external contamination. Use of cellulose films for food packaging prevents spoilage and wastage of foods during transportation and storage.

PEST Analysis
Politically, most countries have implemented stringent regulations regarding use of eco-friendly and biodegradable materials for packaging to reduce plastic waste. This drives demand for cellulose films as a sustainable alternative. Economically, rising consumer awareness about green packaging solutions and higher disposable incomes are fueling market growth. Socially, focus on reducing carbon footprint and switching to plant-based renewable materials aligns with sustainability priorities of organizations. Technologically, manufacturers are developing advanced production techniques to offer cellulose films with barrier properties comparable to petroleum-based plastics at competitive prices.

Key Takeaways
The global cellulose films market size for 2024 is estimated to reach USD XX Billion while exhibiting a strong CAGR of 28% during the forecast period of 2024 to 2031.

Regional analysis – Asia Pacific region dominates the global cellulose films market and is expected to continue its lead during the forecast period as well. This is because several cellulose films manufacturers are based in China and India. Also, strong growth in food packaging and pharmaceutical industries with high demand for sustainable films drives the regional market.

Key players – Key players operating in the cellulose films market are Futamura Chemical Co. Ltd., Celanese Corporation, Hubei Golden Ring New Materials Tech Ltd., Weifang Henglian Cellulose Film Co. Ltd., and Eastman Chemical Company. Futamura Chemical is a leading producer of cellulose films and offers a wide range of films under the brands such as Lucent and Fucea.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it