QYR Market Research Global Cellophane market research | Page 5

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The industry is highly concentrated, with fewer than 10 companies
worldwide. These companies are mainly concentrated in China, Japan and
the United Kingdom. The high-end market was once monopolized by
Japanese and British companies for a long time. In 2016, Japanese
companies acquired Innovia Films cellulose business. In addition,
Shandong Henglian New Materials Co., Ltd. has made breakthroughs in
research and development in recent years. At present, high-end products
are mainly in the hands of these two companies. Futamura Chemical
dominated the market, with accounted for 47.76% of the Cellophane
sales volume market share in 2017. Weifang Henglian Cellulose Film,
Zhejiang Koray New Materials, Hubei Golden Ring and Yibin Grace are
the key players and accounted for 19.20%, 13.17%, 9.60% and 4.80%
respectively of the overall Cellophane market share in 2017.