According to QYR study, the global Cellophane market is valued at 300.9 million US$ in 2017 and will reach 406.2 million US$ by the end of 2025, growing at a CAGR of 3.82% during 2017-2025.
Global Cellophane Market: Market Driver and Restraint
Due to environmental issues, the government has tightened controls on companies, resulting in a 10% to 15% increase in the price of products in 2018 compared to the same period last year. At present, there is a phenomenon of tight supply in the market. Our analysts believe that with the government's control and strict internal requirements, it is expected that prices will return to normal in the future, with a 1% to 2% decline (The maturity of technology and the control of costs) every year.
Global Cellophane Market: Forecast by Application
This segment includes Food Packaging, Tobacco Packaging, Pharmaceutical Packaging, Cosmetic Packaging and Others.
Cellophane are mainly used in Food Packaging, Tobacco Packaging, Pharmaceutical Packaging and Cosmetic Packaging industry. Report data showed that 33.18% of the Cellophane market demand was Food Packaging, and the remained 66.82% was for the other applications in 2017.
Global Cellophane Market: Forecast by Form
This segment includes Colourless Cellophane and Coloured Cellophane. On the basis of product type, the Colourless Cellophane segment is projected to account for the largest volume share during the forecast period; this segment was estimated to account for 65.93% sales volume share in 2017.
Global Cellophane Market: Forecast by Region
In this study, the market for the cellophane consumption divided into five geographic regions. This segment includes North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Among all regions, Asia-Pacific is estimated to lead the global market for cellophane during the forecast period. In Asia-Pacific region, there are a lot of food, pharmaceutical, cosmetics, Tobacco and other packaging companies. In addition, a large number of downstream demand supports the Asia Pacific market. The increasing demand and the presence of large players also drive the market’s growth in this region.
Global Cellophane Market: Key Players
Futamura Chemical, Weifang Henglian Cellulose Film, Zhejiang Koray New Materials, Hubei Golden Ring and Yibin Grace, are the key vendors included in this report.
The industry is highly concentrated, with fewer than 10 companies worldwide. These companies are mainly concentrated in China, Japan and the United Kingdom. The high-end market was once monopolized by Japanese and British companies for a long time. In 2016, Japanese companies acquired Innovia Films cellulose business. In addition, Shandong Henglian New Materials Co., Ltd. has made breakthroughs in research and development in recent years. At present, high-end products are mainly in the hands of these two companies.
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