CELLULOSE PLASTICS MARKET ANALYSIS

Regional Analysis

The global cellulose plastics market is segmented into North America, Europe, Asia Pacific, and rest of the world. North America is dominating the cellulose market in terms of consumer demand and production, and the trend is expected to continue during the forecast period. Europe is expected to account for the second largest market share owing to a huge demand in the region, especially Western Europe. The Asia Pacific cellulose market is also projected to exhibit significant growth owing to increasing awareness regarding the environmental hazards posed by conventional plastics, as well as the increasing initiates by governments in economies such as India to curb plastic usage. Other regions such as Latin America and the Middle East are also expected to contribute considerably to the overall market share due to the increasing presence of key players in the regions.