CELLULOSE PLASTICS MARKET ANALYSIS

Market Challenges And Opportunities

The growth of the cellulose plastics market is driven by demand for cellulose acetate (esters), and the demand is expected to grow steadily over the forecast period. Cellulose plastic are used primarily to produce thermoplastics, electronics, cellophane, fibres, sheets, ophthalmic goods, spectacle frames, toys, sports goods, and rods among others. Moreover, the demand for cellophane plastics from end use industries is expected to grow for applications such as packaging materials, everyday appliances, textiles, and composites. Wide usage of plastic packaging (such as petroleum-based plastic) has led to an increasing number of environmental regulations banning use of conventional or traditional plastics. This, in turn, has led to growing demand for cellulose plastics which are produced by renewable means and raw material. Biodegradability is another reason for increasing demand for bio-based plastics in the global market. In the past few years, applications of cellulose plastics has been increasing, such as screen shields, and electronics such as transparent dialers. However, low purchasing cost and easy availability of traditional plastics may hamper demand for cellulose plastics over the forecast period. Key players in the global cellulose plastics market are engaged in research and development efforts to develop low cost packaging materials that are sustainable and biodegradable at the same time.