Drivers:
Increasing importance of sustainable packaging solution
Increasing the demand of consumer preferences, government policies, and corporate standards which can help to fuel the global cellulose films market growth in forecast period. Moreover, cellulose films is biodegradable and compostable. Cellulose films are widely used in food industry for packing the food, which can help to maintain the product quality. It provides better durability as well as printability. Cellulose films can also maintain the aroma of the food product.
Growing concerns regarding environmental degradation and use of eco-friendly items
Increasing awareness of the pollution and environmental degradation among consumers and various steps taken by government to protect the integrity and safety of the environment can drive the global cellulose films market growth in upcoming years. Because of the government policies, the traditional non-biodegradable plastic usage being replaced by the cellulose films. Moreover, increasing the health consciousness consumer base can help to boost the global cellulose films market growth in forecast period.
Market Restraints
Low industrial use due to mechanical characteristics
Cellulose films are restricted from some extensive industries such as cotton industry due to the barrier and mechanical characteristics of the material compared to conventional plastics. Moreover, it is also restricted by their poor resistance to moisture which can also help to restraint the global cellulose films market growth.
High prices of raw materials
High prices of raw materials which are used in cellulose films can hinder the global cellulose films market growth in upcoming years. China is the major suppliers of raw materials and due to pandemic & travel restrictions they can increases the prices of raw materials which can restraints the market growth in upcoming years.
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