Cellulose Bioplastic Market Size & Growth Analysis to 2030

The global cellulose bioplastic market size is expected to register a higher CAGR of over 19% during the forecast period from 2022 to 2028. The growing demand for the product in the packaging industry is a major factor driving market growth. Furthermore, the significant increase in the demand for cellulose bioplastics in various applications such as thermoplastic products, toys, mobile phones, etc, is further anticipated to fuel the market growth. Moreover, the rising environmental concerns, the growing implementation of strict regulations for the use of conventional plastics, and the rising bans in various economies are anticipated to increase the demand for cellulose bioplastics over the forecast period.

Market Drivers:

Increasing environmental concerns: Growing awareness about the environmental impact of conventional plastics, particularly petroleum-based plastics, has led to a shift towards more sustainable alternatives. Cellulose bioplastics offer a renewable and biodegradable option, making them an attractive solution for reducing plastic waste and minimizing environmental pollution.

Government regulations and policies: Governments worldwide are implementing regulations and policies to reduce plastic waste and promote sustainable materials. This includes bans or restrictions on single-use plastics and initiatives to promote the use of bioplastics. Such regulations and policies drive the demand for cellulose bioplastics and create a favorable market environment.

Consumer preferences and demand for sustainable products: Consumers are increasingly seeking sustainable and eco-friendly products. Cellulose bioplastics, derived from renewable sources such as plant-based cellulose, align with consumer preferences for environmentally friendly alternatives. The demand for sustainable packaging, disposable items, and other consumer goods has driven the growth of the cellulose bioplastic market.

Advancements in technology and manufacturing processes: Technological advancements have made it possible to extract cellulose from various sources and convert it into bioplastic materials with improved properties. Innovations in processing techniques, such as blending cellulose with other biopolymers or additives, have enhanced the performance and versatility of cellulose bioplastics. These advancements have accelerated the adoption of cellulose bioplastics in various applications.

Growing emphasis on circular economy: The concept of a circular economy, where resources are reused and recycled, has gained significant traction. Cellulose bioplastics align with the principles of a circular economy, as they can be derived from renewable sources and are biodegradable or compostable at the end of their life cycle. The emphasis on circular economy models has fueled the demand for cellulose bioplastics.

Increasing investment and research in bioplastics: The bioplastics industry has witnessed significant investment and research activities in recent years. This has led to the development of new formulations, improved manufacturing processes, and expanded application possibilities for cellulose bioplastics. Investments from both public and private sectors have stimulated market growth.

Collaboration and partnerships across the value chain: Collaboration between key stakeholders in the value chain, including raw material suppliers, manufacturers, and end-users, has played a crucial role in driving the cellulose bioplastic market. Collaborative efforts help address technical challenges, expand production capacities, and create a sustainable supply chain for cellulose bioplastics.

Market Snapshot:

Market Insights:

By product type, the cellulose acetate segment is expected to dominate the global cellulose bioplastic market by 2028

The global cellulose bioplastic market is segmented into product type, application, and geography. On the basis of product type, the market is further segmented into cellulose butyrate, cellulose acetate, cellulose propionate, and others. The cellulose acetate segment dominated the global market in 2021 and estimated to hold the largest market share of around 2/3 of the market by 2028. The wide use of cellulose acetate-based bioplastic in various applications such as packaging, consumer products, and textiles is a significant factor driving the segment’s growth. Furthermore, the properties associated with the product such as fire resistance, chemical resistance, lower electric conductivity, higher melting point, etc, are further anticipated to propel the market growth over the forecast period.

By application, the packaging segment is expected to hold the largest market share by 2028

On the basis of application, the market is bifurcated into packaging, agriculture, consumer goods, textile, and others. The packaging segment dominated the global cellulose bioplastic market in 2021 and anticipated to hold the largest revenue share of around 2/3 market share by the end of the analysis period. The large-scale use of the product in rigid as well as flexible packaging is a major factor to drive the segment growth. Furthermore, the increasing replacement of conventional plastic in food packaging is projected to propel the segment’s growth. On the other hand, the growing demand for cellulose bioplastics in the agriculture sector especially in nurseries and horticulture is expected to drive market growth at a significant CAGR over the forecast period in the agriculture category.

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The cellulose bioplastic comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The cellulose bioplastic market research report presents the analysis of each segment from 2019 to 2028 considering 2021 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2022 to 2028.

Historical & Forecast Period

• 2019-20 – Historical Year
• 2021 – Base Year
• 2022-2028 – Forecast Period

Market Segmentation:

By Product Type:

• Cellulose Acetate
• Cellulose Butyrate
• Cellulose Propionate
• Others

By Application:

• Packaging
• Agriculture
• Consumer Goods
• Textile
• Automotive & Transportation
• Building & Construction
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

By region, Europe is accounted to hold the largest market share in 2021

Geographically, Europe is accounted to dominate the global cellulose bioplastic market in 2021 and expected to maintain its dominance over the forecast period. The ban on single-use plastics by the European Union and the high awareness among people of plastic waste are some major factors driving the market growth in the region. Furthermore, the growing environmental concerns, stringent government regulations for use of conventional plastics, and the growing investment in R&D in the field are further anticipated to propel the market growth in Europe. In contrast, the Asia Pacific is estimated to register the highest growth rate over the forecast period.

The cellulose bioplastic market report comprises dedicated sections centering on the regional market revenue and trends. The cellulose bioplastic market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The cellulose bioplastic market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Cellulose bioplastic market estimates have also been provided for the historical years 2019 & 2020 along with forecasts for the period from 2022 – 2028.

Competitive Assessment:

Some of the major market players operating in the global cellulose bioplastic market are Celanese Corporation, Solvay, Daicel Chemical Industries, Mitsubishi Rayon Company Limited, and Eastman Chemical Company. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Celanese Corporation
• Solvay
• Daicel Chemical Industries
• Mitsubishi Rayon Company Limited
• Eastman Chemical Company
• SK Chemicals Co. Ltd.
• Rayonier Advanced Materials
• Sappi
• Merck Millipore
• Haihang Industry

Key Questions Answered by Cellulose Bioplastic Market Report

• Global cellulose bioplastic market forecasts from 2022-2028
• Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
• Cellulose bioplastic submarket forecasts from 2022-2028 covering the market by product type, application, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level cellulose bioplastic markets from 2022-2028
• Competitive Landscape and market positioning of top 10 players operating in the market