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Cellulosic Polymers Market Trends

Report ID: GMI6961
Published Date: Oct 2023
Report Format: PDF

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Cellulosic Polymers Market Trends

Demand for sustainable materials, driven by eco-consciousness, has boosted growth in the cellulosic polymers industry. Various industries such as packaging, textiles, and pharmaceuticals adopt biodegradability, renewable sourcing, and versatility for their development due to increase in environmental awareness of mankind. Nevertheless, the market has problems in the relatively cheap manufacturing of units and their mass demand fulfillment. Eco friendly alternative with such changes and evolving regulatory framework is fueling growth in the market which is likely to have a sustained future for the business.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for cellulosic polymers was USD 9.4 billion in 2022 and is anticipated to witness over 6% CAGR between 2023 and 2032 due to rising government rules to promote sustainable practices

The regenerated cellulose type segment recorded approximately 44% share of the cellulosic polymers market in 2022 owing to higher adoption in food packaging, textiles and apparels, and medical devices

North America captured 43% revenue share of the global cellulosic polymers market in 2022, due to growing attention in sustainable ways of life in this region

Some of the influential cellulosic polymers business players include DuPont, Rayonier Advanced Materials, Celanese Corporation, Daicel Corporation, Eastman Chemical Company, Borregaard ASA, and Solvay S.A.