Cellulose Bioplastic Market Size Is Anticipated To Reach USD 1,536.7 Million By 2030
San Francisco, 27 July 2023: The Report Cellulose Bioplastic Market Size, Share & Trends Analysis Report By Application (Packaging, Agriculture, Consumer Goods, Textile, Automotive & Transportation, Building & Construction, Others), By Product, By Region, And Segment Forecasts, 2022 - 2030 The global cellulose bioplastic market size is expected to reach USD 1,536.7 million by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 19.5% over the forecast period. Cellulose bioplastic is a type of plastic that is made from cellulose esters (nitrocellulose, and cellulose acetate) or cellulose derivatives. Cellulosic plastics are produced using coniferous trees as the main raw material. The bark of the tree is separated and can be used as an energy source in production. The separation of cellulose fibers comes from the tree where they are cooked or heated in a digester. The growing demand for packaging is expected to drive signif