Global bleached linter cellulose market is set to grow from its current market value of more than $1billion to over $1.3 billion by 2025; according to a new report by US-based Global Market Insights, Inc. Its market share is poised to witness robust growth in the coming years due to a booming food and beverage industry in the Asia Pacific, it said.
This can be largely attributed to mounting food production along with an improved supply chain in the sector. Escalating demand for carboxymethyl cellulose (CMC) owing to extensive applications in the food and beverage industry is anticipated to be a major factor driving the business growth, says the report.Global bleached linter cellulose market is set to grow from its current market value of more than $1billion to over $1.3 billion by 2025; according to a new report by US-based Global Market Insights, Inc. Its market share is poised to witness robust growth in the coming years due to a booming food and beverage industry in the Asia Pacific, it said.#
Bleached linter cellulose market share is segmented into food and beverage; textile; pharmaceutical; personal care; pulp and paper; packaging; paints and coatings; and others, based on end-users.
Bleached linters find widespread application as thickening agents in the food and beverage sector due to excellent cellulose content. The product enjoys roust demand from the sector for the manufacture of yogurts and ready-to-eat foods. Bleached linters act as a stabiliser during the manufacture of food, beverage and pharmaceutical products, indicating tremendous opportunities for bleached linter cellulose manufacturers.
Bleached linter cellulose market share is divided into two major categories based on grade, namely high grade and technical grade. Technical grade bleached linter cellulose industry held about 80 per cent of the global share during 2018. Technical grade bleached linters are prominently used across textile, paper, packaging and other end-use industries.
Based on application, bleached linter cellulose industry share can be divided into acetate, viscose, ethers, nitrate and others. Acetate represents a key application segment of bleached linter cellulose market and is majorly used to produce cigarette tows, which are further used to manufacture filters.
Viscose applications deploy partially processed bleached linter as a raw material, largely used to manufacture a range of consumer as well as commercial textile products such as shirts, coats, jackets, trousers, etc. Bleached linter cellulose market size from viscose application held over 65 per cent of the global share during 2018, according to a press release from the company.
Asia Pacific is estimated to be among the largest market for bleached linter cellulose in the near future on account of rapid industrialization fuelled by a substantial population growth. Presence of prominent cotton producers in China and India will facilitate cost-effective production.
Asia Pacific bleached linter cellulose market size is projected to register a robust compounded annual growth rate (CAGR) of over 3.5 per cent over 2019-2025.
Fibre2Fashion News Desk (DS)
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