The 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.
The Global Cellulose-based plastics market is further segmented in terms of applications, end-user, end-use, geographic presence, by-products as well as services. In addition, the subject matter experts evaluating the industry provide an all-inclusive category-specific industry outlook. A comprehensive collection of data on major companies occupying a strong foothold in the industry adds immense value to the overall research.
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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A few of the leading players operating in the Cellulose-Based Plastics market research 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
The report primarily sheds light on the Cellulose-Based Plastics essentials, such as definitions, arrangements, applications, and review of the industry, discussing the product offerings, producing forms, pricing assessment, and feedstock, among others. The Cellulose-Based Plastics report investigates the global landscape by conducting an economy-wide assessment, along with a comprehensive study involving product costing, drivers and restraints, production, distribution, demands, and year-on-year growth rate.
Extent of the research:
Segments Covered in this report are:
- Type Outlook (Revenue, USD Million; 2018–2028)
- Cellulose Butyrate
- Cellulose Acetate
- Cellulose Propionate
- Application Outlook (Revenue, USD Million; 2018–2028)
- Extruded Films
- Ophthalmic Goods
- Others (Toys, Sport Goods)
- End-use Outlook (Revenue, USD Million; 2018–2028)
- Food Packaging
- Sports & Leisure
- Consumer Goods
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Key aspects covered by this study
- How was the growth trajectory of local markets in the last five years?
- Which major aspects of products are drawing high consumer demand?
- Which market aspects are speculated to drive the growth of the sector in the near future?
- Which market segments are estimated to contribute to a sizeable portion of the Cellulose-Based Plastics market?
- How much is the Cellulose-Based Plastics market expected to grow in the forecast period in terms of value and volume?
- Which Cellulose-Based Plastics market players are predicted to dominate the global sector in the forecast years?
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Overall, the Cellulose-Based Plastics Market intelligence report deduces accurate market estimations by utilizing the principles of Breakdown and Data Triangulation to assess factors like shift in consumer inclination, existent knowledgebase, market valuation, and verified sources. These aspects might play a crucial role in the potential growth of the worldwide sector.
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About Emergen Research
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