Request FREE sample PDF
Pharmacy benefit management market
Cellophane Market Report Overview
The global cellophane market size was valued at USD 0.38 billion in 2023 and is projected to grow from USD 0.4 billion in 2024 to USD 0.56 billion by 2032, exhibiting a CAGR of 4.4% during the forecast period. Asia-Pacific holds leading position in cellophane market share in 2023.
Cellophane is derived from wood pulp or cotton fibers, which are treated with caustic soda and carbon disulfide to produce a thick, viscous solution called viscose. This viscose is then extruded through a narrow slit and submerged in a bath of sulfuric acid, which causes the cellulose to regenerate into a solid film. One of the key characteristics of cellophane is its ability to be transparent, allowing consumers to see the contents of the packaged items. It also has good moisture resistance, which helps protect the products from humidity and moisture damage.
Cellophane is commonly used for wrapping food items, such as candies, chocolates, and baked goods, as well as for wrapping gifts, flowers, and other consumer products. Cellophane has several advantages over other packaging materials. It is biodegradable and compostable, making it an eco-friendly option compared to plastics. It is also resistant to oils and greases, making it suitable for food packaging. However, cellophane is not heat-sealable and has limited barrier properties compared to some modern packaging materials.
COVID-19 IMPACT: Hygiene & Safety Concerns to Boost Demand Significantly
The COVID-19 pandemic has been unprecedented and staggering, with cellophane experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
COVID-19 had a life changing impact globally. The cellophane market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for cellophane experienced an increased demand.
The pandemic caused disruptions in global supply chains, including the production and distribution of packaging materials. This disruption could have affected the availability and timely delivery of cellophane. In some cases, there has been a shift towards single-use plastics as a result of increased hygiene concerns during the pandemic. Plastics, such as polyethylene and polypropylene, with their superior barrier properties, gained favor over cellophane in certain applications.
The pandemic led to heightened awareness of hygiene and safety. Cellophane packaging, with its transparent and sealed nature, provided a sense of security to consumers as they could see the contents of the package and ensure it was intact and untouched. With lockdowns and restrictions in place, there has been a surge in demand for packaged food items as people spent more time at home. Cellophane, being a common material used for food packaging, saw increased usage during this period. The market is anticipated to boost the cellophane market share following the pandemic.
LATEST TRENDS
"Barrier Enhancement to Broaden Market Growth"
Cellophane has limitations in terms of its barrier properties, particularly in terms of moisture and gas resistance. There may be ongoing efforts to improve these characteristics through the addition of coatings or by incorporating other materials to enhance the performance of cellophane as a packaging material. Researchers and manufacturers may be exploring ways to introduce additional functionalities to cellophane, such as heat-sealing capabilities, anti-microbial properties, or improved printability, to expand its range of applications and make it more versatile.
With growing environmental concerns, there is an increasing focus on sustainable packaging solutions. Cellophane, being derived from cellulose and biodegradable, is considered a more environmentally friendly option compared to traditional plastics. Researchers and manufacturers may continue to explore ways to enhance the sustainability aspects of cellophane or develop new materials with similar properties. These latest developments are anticipated to boost the cellophane market share.
Cellophane Market Segmentation
- By Type
Based on type, the market is divided into colourless cellophane and coloured cellophane.
Colourless cellophane holds a major share of the global market.
- By Application
Based on application, the market is bifurcated into food packaging, tobacco packaging, pharmaceutical packaging, cosmetic packaging, and other.
Food packaging as application holds a major share of the global market.
DRIVING FACTORS
"Moisture Resistance to Boost Market Share"
Cellophane has inherent moisture resistance properties, which can help protect products from humidity and moisture damage. This makes it suitable for packaging various items, particularly food products that require protection from moisture. Cellophane is derived from cellulose, a renewable and plant-based material. It is biodegradable, compostable, and can be broken down by natural processes. As sustainability and environmental concerns continue to grow, the demand for eco-friendly packaging materials like cellophane increases.
"Oil Grease Resistance to Boost Market Size"
Cellophane exhibits resistance to oils and greases, making it suitable for packaging items that contain such substances. This property is advantageous for food packaging, as it helps maintain the quality and integrity of the packaged products. Cellophane's transparency is a significant advantage, as it allows consumers to see the contents of the packaged items. This feature is particularly important for products where visibility is desirable, such as food items or gift packaging. These factors are anticipated to drive the cellophane market share.
RESTRAINING FACTORS
"Heat Sealing Limitations to Hamper Market Share"
Unlike some plastics, cellophane is not heat-sealable. This can pose challenges in applications where heat sealing is necessary for secure and tamper-evident packaging. It may require alternative sealing methods that can add complexity or cost to the packaging process. Cellophane is relatively delicate and lacks the mechanical strength of certain plastic films. It can tear or puncture more easily, making it less suitable for packaging applications that require higher durability or resistance to rough handling or transportation. The factors are anticipated to hinder the growth of the cellophane market share.
Cellophane Market Regional Insights
"Europe Dominates the Cellophane Market "
Europe is the major shareholder for the cellophane market share. The demand for sustainable packaging options and stringent environmental regulations in the region have contributed to the popularity of cellophane as a biodegradable packaging material. The region's large population and rising disposable incomes contribute to the demand for packaged goods and, subsequently, packaging materials like cellophane. North America is the second major shareholder for the cellophane market share.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
LIST OF TOP CELLOPHANE COMPANIES
- Futamura Chemical [Japan]
- Weifang Henglian Cellulose Film [China]
- Zhejiang Koray New Materials [China]
- Hubei Golden Ring [China]
- Yibin Grace [China]
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 0.38 Billion in 2023 |
Market Size Value By |
US$ 0.56 Billion by 2032 |
Growth Rate |
CAGR of 4.4% from 2023 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Types
|
|
By Application
|
Frequently Asked Questions
-
What value is the Cellophane market expected to touch by 2032?
The global cellophane market size was valued at USD 0.38 billion in 2023 and is projected to grow from USD 0.4 billion in 2024 to USD 0.56 billion by 2032.
-
What CAGR is the Cellophane market expected to exhibit by 2032?
The Cellophane market is expected to exhibit a CAGR of 4.4% by 2032.
-
Which are the driving factors of the Cellophane market?
Moisture Resistance and Oil Grease Resistance are drivers of this market are the driving factors of the Cellophane market.
-
Which are the top companies operating in the Cellophane market?
Futamura Chemical, Weifang Henglian Cellulose Film, Zhejiang Koray New Materials, Hubei Golden Ring, and Yibin Grace are key companies operating in the Cellophane market.