Cellulose-Based Plastics Market

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Cellulose-Based Plastics Market Size Worth USD
176.5 Million in 2028
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Increasing demand for cellulose-based plastics in
packaging and stringent regulations to curb use
of single-use plastics is driving market revenue
growth
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Our Model
Market Analysis
Financial Analysis
Distribution Channel Analysis
Brand Analysis
Custom Market Intelligence
Competitor Analysis
Product Analysis
Custom Research
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
SWOT Analysis
Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Industries We Cater to
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Market Summary
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.
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Market Summary
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. 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.
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Market Summary
Some Key Highlights From the Report Cellulose-bas
ed 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. 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. Request Free Sample Copy_at_
https//www.emergenresearch.com/request-sample/668

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Market Summary
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 20182028) Cellulos
e Butyrate Cellulose Acetate Cellulose
Propionate Others Application Outlook (Revenue,
USD Million 20182028) Thermoplastic Extruded
Films Rods Sheets Ophthalmic Goods Others (Toys,
Sport Goods)
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Market Summary
End-use Outlook (Revenue, USD Million
20182028) Food Packaging Automotive Electronics B
uilding/Construction Agriculture Sports
Leisure Consumer Goods Read More_at_
https//www.emergenresearch.com/industry-report/ce
llulose-based-plastics-market
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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