Market Scenario
The global Cellulose Fiber Market
is predicted to demonstrate a stellar CAGR during the forecast period
(2017-2023) owing to the increasing demand for textile industry, asserts Market
Research Future (MRFR). It can touch a valuation of USD 37,284 million by 2023.
Cellulose fibers are generally made up of ether or esters of the cellulose.
They are obtained from the wood or the bark, leaves of plants, or any other
plant-based material. These fibers are referred to as a compound of
hemicelluloses and lignin. Some comprise varying percentages of these compounds
that are responsible for mechanical properties. Clothing in the textile
industry is the major application of the cellulose fibers. Cellulose fibers are
also used in several applications such as chemical filter, fiber reinforcement
composite, polymer composites, and bio composites.
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Competitive Dashboard
The major players operating in
the global Cellulose Fiber Market are Sateri Holdings Limited, Grasim
Industries Limited, Kelheim Fibres, Lenzing AG, Eastman Chemical Company,
Tangshan Sanyou Xingda Chemical Fiber Co. Ltd, and International Paper.
Drivers and Constraints
Impacting the Market
With the increasing global
population, the need for demand for textile industry is growing which is
augmenting the Cellulose Fiber Market size. As cellulose fibers are
skin-friendly, environment-friendly, and biodegradable in nature, the market is
likely to foster in the coming years. Significant consumption from the textile
industry owing to its benefits is anticipated to fuel the market growth in the
coming years. With the augmenting demand for body adjustable,
environmental-friendly, and bio-degradable clothing and fabrics from the
textile industry, a healthy growth has been identified in the global Cellulose
Fiber Market. Moreover, with the rising disposable income levels of the
middle-class population, the market is considered to flourish. Wood pulp being
one of the key raw materials used in the production of cellulose fibers,
influences the market to a great extent. With increasing global warming across
the world, the demand for biodegradable cellulose fiber has increased, further
contributing to the market growth. Moreover, the proliferation of new market
entrants may enhance the global Cellulose Fiber Market positively.
On the flip side, strict
government initiatives for the protection of existing forests is considered to
slowdown the global growth to a certain extent. Additionally, cost of cellulose
fibers has been a major factor restraining the market growth as the prices of
raw materials required to manufacture cellulose fibers are dynamic and changes
continuously, thereby affecting the market growth. Moreover, lack of skilled
people along with advanced machinery required in production are hindering the
market growth.
Global Cellulose Fiber Market:
Segmental Analysis
The global Cellulose Fiber Market
has been segmented on the basis of type, application, and region.
By mode of type, the global Cellulose
Fiber Market has been segmented into synthetic and natural. Among these, the
natural cellulose fiber occupied the largest market share with 54% in 2016 and
is estimated to expand at the highest CAGR in the coming years. The synthetic
cellulose fiber occupies the second position in the global market with 46% in
2016. While the demand for natural cellulose has been decreasing in the past
few years owing to difficulty in cultivation, the demand synthetic fibers is
increasing.
By mode of application, the
global Cellulose Fiber Market has been segmented into domestic textile,
apparels, industrial textile, and others. Among these, the textile segment
occupies the major share owing to the extensive demand for cellulose fibers
from the textile industry. But apparels can register 5.73% CAGR during the
forecasted period.
Regional Insights
Geographically, the Cellulose
Fiber Market can span across five regions, namely Europe, North
America, Asia Pacific, and Rest-of-the-World (RoW).
Among all regions, the Asia
Pacific is considered to hold a significant share in the global market. The
growth is attributed to the increasing demand for apparel in this region. The
APAC region is highly fragmented into niche markets like China, Japan, and
India. Moreover, strong production trend of raw materials like jute, cotton,
and bamboo in economies such as India and China will contribute to the market
growth in this region.
Europe also bags a major share of
the Cellulose Fiber Market owing to the augmenting purchasing power of
customers which influences the market to a great extent. The North American
region is considered to emerge as a major manufacturing base which is
anticipated to propel the market growth in the coming years. Additionally,
market players are focusing on introducing new high-quality products in the
market through mergers and acquisitions, collaborations, or partnerships, which
is anticipated to enhance the market growth in this region.
Industry Updates
The supermarkets of Swiss Coop
Corporation are now using the Multi-Bag, which is a reusable bag for vegetables
fruits. This recent innovation is causing a stir among the domestic consumers
as the bags are made of Forest Stewardship Council (FSC) certified cellulose
and has been awarded the Oecoplan label. Made from Lenzing Modal, a
cellulose-based fiber, these multi-bags can be used multiple times and are an
environmentally friendly solutions to disposable plastic bags.
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Market Research
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