Global Cellophane market will reach 406.22 million US$ by the end of 2025

Global Cellophane market will
reach 406.22 million US$ by
the end of 2025
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QYResearch
• According to QYR study, the global Cellophane market is
valued at 300.90 million US$ in 2017 and will reach 406.22
million US$ by the end of 2025, growing at a CAGR of
3.82% during 2017-2025. In terms of volume, global
cellophane sales volume market was 62500 tons in 2017
and is expected to reach 85065 tons by the end of 2025,
growing at a CAGR of 3.93% between 2017 and 2025.

QYResearch
In this study, the market for the cellophane consumption divided into five
geographic regions. In North America, total Cellophane accounted for
16.26 % market shares of the cellophane market. In the Europe, total
Cellophane accounted for 23.82 %. The market in Asia-Pacific Cellophane
accounted for 52.43 %, in Latin America 3.80%, and in Middle East and
Africa region 3.70%. 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.

QYResearch
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. Futamura Chemical
dominated the market, with accounted for 47.76% of the Cellophane
sales volume market share in 2017. Weifang Henglian Cellulose Film,
Zhejiang Koray New Materials, Hubei Golden Ring and Yibin Grace are
the key players and accounted for 19.20%, 13.17%, 9.60% and 4.80%
respectively of the overall Cellophane market share in 2017.

QYResearch
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.

QYResearch
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.
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