Cellophane Market Size Will Hit USD 490.00 Million by 2026
According to the report, The global cellophane market in 2019 was approximately USD 330.0 Million and is anticipated to reach around USD 490.0 Million by 2026. The anticipated CAGR for the cellophane market is around 5.0% from 2020 to 2026.
Cellophane is typically a transparent thin film that is formed of regenerated cellulose, principally used for packaging material. In the initial phase of the 19th-century Cellophane was invented by Mr. Jacques Brandenberger. Its low porousness to water, oils, air, and bacteria, greases makes it suitable for food packaging. In addition to food packaging, cellophane is utilized in the tubing, translucent pressure-sensitive tape, and numerous applications. Cellophane can be made from cotton, wool, hemp, as well as other sources that dissolve in carbon disulfide and alkali to form a solution termed viscose. This viscose solution is extruded through a split into sodium sulfate and dilute sulfuric acid to re-convert the viscose into cellulose. The film is then passed through some more procedures to become a transparent, thin sheet called cellophane.
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The global cellophane market is experiencing significant growth that is expected to continue over the upcoming years. A massive rise in the demand for food packaging, cigarettes and tobacco packaging, pharmaceutical packaging, and battery packaging industries is likely to act as a key driver of the global cellophane market.
The cellophane market is segmented based on product type, form, application, a distribution channel. In terms of product type, the market segment is sectored into plain transparent (PT) cellophane, coated cellophane, and others (metallic). In terms of form, the market segment is sectored into films, bags, tape, and others (sheets). In terms of application, the market segment is sectored into cigarettes and tobacco packaging, food packaging, battery packaging, pharmaceutical packaging, and others. In terms of distribution channels, the market segment is sectored into business, government, school, and others.
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Key players operating in the cellophane industry are Pfizer, Santhera Pharmaceuticals, Bristol-Myers Squibb, PTC Therapeutics, Italfarmaco, ReveraGen, BioPharma, Marathon, NS Pharma, and FibroGen, among others.
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