Global Wood-based Cellulose Packaging Market – Industry Trends and Forecast to 2029

Global Wood-based Cellulose Packaging Market, By Packaging Type (Transparent Film, Colored Film, Metalized Film, Application (Bags and Pouches, Labels, Tapes, Release Liners, Wrapping Films) End User (Food and Beverage, Pharmaceuticals, Personal Care, Retail and others) – Industry Trends and Forecast to 2029

Market Analysis and Size

Wood-based Cellulose packaging is becoming popular and broadening application among several end user industries, including personal care, food and beverages, and pharmaceuticals for packaging, which are driving the market towards growth. Furthermore, the growing utilization of personal care products is anticipated to boost demand for this packaging, which will probably drive the target market's growth over the forecast period. Raise awareness about the drawbacks of using plastics and avoid their excessive use. Wood-based Cellulose Packaging are environmentally benign, degradable, and recyclable, making them better than plastic bags. 

Data Bridge Market Research analyses that the wood-based cellulose packaging market was valued at USD 691.60 million in 2021 and is expected to reach USD 1136.06 million by 2029, registering a CAGR of 6.40 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Market Definition

Wood-based cellulose is often used as a substrate material in the manufacture of Triboelectric Nano Generators (TENGs) because of its unique mechanical and optical properties and its potential for chemical variation and reconstruction. The design of wood-based cellulose as an advanced useful material due to its benefits which will be of great consequence for green and extensive self-powered energy equipment. The unique molecular structural features of wood-based cellulose rare brie?y introduced, the structural characteristics of wood based.

Report Scope and Market Segmentation

Wood-based Cellulose Packaging Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Rise in the demand of eco-friendly packaging products 

The wood-based cellulose packaging can be manufactured by using renewable resources that are environmentally friendly and biodegradable. Shifting consumers' preference towards eco-friendly packaging products is anticipated to drive the market demand for cellulose film packaging.

• Increase the awareness for using wood-based cellulose packaging

Rising customer awareness of the increasing waste and landfills is producing an aversion among them towards plastic packaging solutions in developed and developing countries. With growing environmental awareness, consumers actively seek information. 

• Increase the demand of paper in market

Paper and paperboard industry gained a significant share during the last few years. Due to the improvements of the education system, increase the demand for printed books across growing countries will drive the wood-based cellulose packaging market revenue over the forecast period.

Opportunities

• Focusing on the replacement of plastic products

Wood-based cellulose is replacing with plastics and focused on such problems that create plastic usage and focus on the ban of single-use plastic products and the modern regulatory disputes and policy prospects for wood-based cellulose.

• Technology advancement

The replacement of fossil-based insulating resources with wood-based cellulose technologies which is suitable for use in various applications, from aerospace to flexibility and construction.

• Rise in product innovations

The rising number of product innovations will boost new market opportunities for the market's growth rate. Various product advancements targeted at improving design and manufacturing processes are also aiding market expansion. Manufacturers are working on more efficient, reliable, and convenient goods.

Restraints/ Challenges

The negative impact of COVID-19 outbreak on supply chain and high cost of raw materials act as market restraint and further challenge the market growth rate. Fluctuating the price of raw materials required to manufacture wood-based cellulose packaging is one of the major factors projected to hamper target market growth. Furthermore, the availability of substitute and cost-effective solutions may hamper the growth of the target market.

This wood-based cellulose packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the wood-based cellulose packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Wood-based Cellulose Packaging Market

COVID-19 pandemic has negatively impacted numerous industries like personal care, homecare and retail of the wood-based cellulose packaging market. However, the intensified demand for the main product in the pharmaceutical and food and beverages and end-use industries during the pandemic considerably reduced the growth rate of the target market. The reducing number of restrictions and lockdowns across the world is improving the target market’s growth and the wood-based cellulose packaging market is projected to recover rapidly during the forecast period.

Recent Development

• In October 2020, Celanese Corporation launched a cellulose-based material that aligns with Corporate Governance (ESG), Environmental, Social, and circular economy objectives with a product that is largely compostable and bio-based. The company has declared that commercial availability of BlueRidge Cellulosic Pellets, as an alternative to conventional plastics, which is difficult to recycle consumer products.

Global Wood-based Cellulose Packaging Market Scope

The wood-based cellulose packaging market is segmented on the basis of packaging type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Packaging Type

• Transparent Film
• Colored Film
• Metalized Film

Application

• Bags & Pouches
• Labels
• Tapes
• Release Liners
• Wrapping Films

End-User

• Food and Beverage
• Pharmaceuticals
• Personal Care
• Retail

Wood-based Cellulose Packaging Market Regional Analysis/Insights

The wood-based cellulose packaging market is analysed and market size insights and trends are provided by country, packaging type, application and end-user as referenced above.

The countries covered in the wood-based cellulose packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

In terms of market size and revenue, Asia-Pacific dominates the wood-based cellulose packaging market and will maintain its dominance throughout the projection period. This is owing to the region's increasing demand for wood-based cellulose packaging. The Asia-Pacific region dominates the wood-based cellulose packaging market, with China leading the way in terms of consumer awareness and rapid growth of major wood-based cellulose packaging end-use sectors.

North America is estimated to be the fastest developing region throughout the forecast period due to increased packaged food consumption, increasing demand for wood-based cellulose packaging in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Wood-based Cellulose Packaging Market Share Analysis

The wood-based cellulose packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to wood-based cellulose packaging market.

Some of the major players operating in the wood-based cellulose packaging market are:

• Futamura Group (U.K)
• Celanese Corporation (US)
• Hubei Golden Ring New Materials Tech Ltd (China)
• Rotofil Srl (Italy)
• weifang henglian international trading co. ltd (China)
• infocom Network Private Limited (China)
• Eastman Chemical Company (US)
• Sappi (South Africa)
• Tembec Inc. (Canada)