Market Overview:

According to a new report by IMIR Market Research on Global Nanocellulose Market was valued at approximately USD 419.1 Million in 2023. Over the course of the forecast period (2024–2031), it is expected to increase at a compound annual growth rate (CAGR) of 20.1%, reaching a valuation of USD 1673.6 Million by 2031.

The increase in demand can be attributed to the growing need for a range of applications as well as the changing consumer preference for using products made from biobased materials. Nanocellulose can be used to produce a wide range of goods because of its many properties, including improved filler content, lighter base volume, higher freeness, and increased efficiency of paper machines. Because it is one of the most readily available bio-based materials with high strength, excellent oxygen barrier efficiency, low density, mechanical properties, and biocompatibility, nanocellulose is widely used as a sustainable nanomaterial additive in the paper industry. Furthermore, some of the main applications for nanocellulose composite materials include aqueous coating and material construction.

The United States represents the largest market for the nanocellulose in North America and accounts for a sizeable portion of global sales. The usage of MFC (micro fibrillated cellulose) and CNF (cellulose nanofibers) in the creation of functional food products has been considerably boosted by Americans' concerns about their health, which has raised the demand for nanocellulose in the nation. The country's product growth is mostly being driven by the food and beverage, as well as paper and pulp industries. The country's demand is mostly driven by the food and beverage industries' growing awareness and insistence on highly advanced environmentally friendly goods together with paper-based packaging.

The pulp and paper industry uses a lot of nanocellulose as an ingredient to make white, light paper, which propels the market's expansion even more. It is utilized in healthcare applications, such as biological medicines and private hygiene products, because of its benign properties. Additionally, nanocellulose works well as an ingredient in wound dressings and sanitary napkins because of its excellent adsorption capabilities. The market had been further strengthened by increased efforts in product research.

Market Dynamics:

Market Drivers-

Acceptable Properties of Nanocellulose

• Nanocellulose is exceptional mechanical, thermal, and structural qualities. It is employed in a wide range of industries, including paint & coatings, oil and gas, composites, paper processing, and composites. The fields of material science and healthcare have recently increased their need for nanocellulose because of its renewable nature. The mechanical qualities of nanocrystalline cellulose make it appropriate for various applications. High strength (about 200 MPa), stiffness (around 20 GPa), and strain (12%) are all present in nanocellulose films. The market for nanocellulose has witnessed a significant increase in paints, coatings, oil, and gas.
• Nanocellulose as an ingredient lowers volatile organic compound (VOC) emissions while simultaneously increasing paint longevity and scratch resistance. Nanocellulose will likely become more necessary as a result of the rapidly growing residential construction stock in developing countries. As a result of the industry's robust growth, it is projected that demand for nanocellulose will increase significantly in the next years.

Increasing Need in Several End-User Sectors

• Foods & alcoholic beverages are the main products packaged with nanocellulose in the packaging business. Strong, resilient, environmentally friendly, and recyclable, nanocellulose is an excellent material option for packaging due to a number of important characteristics. The need for bacterial a substance called nano-fibrillated cellulose, etc. is driven by these features. The Asia-Pacific area has consistently seen a surge in demand for flexible recyclable packaging as a result of rising food exports and the growth of the food processing sector.
• The demand for packaged meals is also increasing due to the move toward modern diets and the modifications made to workplace and lifestyle routines as a result of the COVID-19 pandemic-related lockdowns. Products made of nanocellulose save food from going bad by keeping oxygen out of packed goods. The food and beverage packaging industry are experiencing a surge in demand for nanocellulose due to consumers' rising inclination towards packaged goods.

Market Trends-

Increasing Research and Development Activities

• The growing emphasis on initiatives related to research and development (R&D), which are meant to discover new uses, enhance production methods, and improve the characteristics of materials based on nanocellulose. With its special qualities like high strength, stiffness, biodegradability, and even sustainability, nanocellulose—which comes from renewable sources including wood pulp, agricultural wastes, and waste biomass—attracts a wide range of sectors. Accordingly, there has been an increase in interest in performing research and development (R&D) projects to better understand the structure, properties, and uses of nanocellulose from academic institutions, research groups, and industry actors. Development of new synthesis techniques, production technique optimization, and exploration of possible applications in packaging, paper & pulp, composites, medical devices, electronics, & textiles are the main areas of research attention.

Growing Demand for Sustainable and Eco-Friendly Materials

• The rising need for environmentally friendly and sustainable materials as a result of regulatory pressure and environmental concerns. Because it comes from abundant and renewable biomass sources and has the potential to provide environmental benefits including decreased carbon footprint, being biodegradable and recyclability, nanocellulose is regarded as a green and renewable material. Due to growing awareness of climate change and sustainability, more individuals are choosing to use ecologically friendly materials instead of traditional ones generated from fossil fuels, such plastics and synthetic fibers. Polymers can therefore be utilized in a wide range of applications either in place of or in addition to existing materials. The increasing variety of industries, such as the packaging, automotive construction, and retail sectors, are using materials based on nanocellulose to achieve environmental objectives, regulations, and consumer preferences for eco-friendly products. Materials based on nanocellulose have benefits such being biocompatible, lightweight, and having mechanical qualities comparable to those of conventional materials.

Market Restraining Factors-

Lack of Consumer Awareness

• Nanocellulose is perhaps the most frequently utilized renewable and sustainable raw material because of its excellent reinforcing qualities, abundance, low density, and biodegradability. But nanocellulose hasn't become well-liked among end users since people don't know enough about it. Everyday users of nanocellulose in industry should be more knowledgeable about its applications. The niche nature of the market means that even with its vast array of potential uses, many remain unexplored. There is also greater awareness of carbon fiber among end-user industries like composites, coats and paints, and healthcare. Being nascent and underdeveloped, the nanocellulose market has not yet investigated the opportunities that could arise prior to, during, and following the forecast period.

List of Companies Profiled:

• American Process Inc.
• Borregaard
• Stora Enso
• Kruger
• Nippon Paper
• UPM-Kymmene Oyj
• BASF AG
• Sappi Ltd
• Oji Holdings Corporation
• BioVision Technologies
• CelluComp
• Ineos Bio
• Forest Products Inc.

Key Industry Developments:

• In March 2022, Sweetwater gained the final authorization of its first commercial Sunburst (CNC) unit at the Sweetwoods facility in Tallinn, Estonia.
• In July 2022, CNC production was initiated at Anomera, Inc.'s 170 tpy carboxylated CNC facility located in Canada.

Report Coverage:

The report will cover the qualitative and quantitative data on the global Nanocellulose Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations:

Nanocellulose Market Market Segmentation Analysis:

By Product Type

• Bacterial Cellulose
• Microfibrillated Cellulose
• Nanocrystalline Cellulose
• Nanofibrillated Cellulose

By Source

• Agricultural Residues
• Non-wood
• Wood-based

By End-User Industry

• Composites
• Food & Beverage
• Oil & Gas
• Paints & Coatings
• Paper Processing
• Pharmaceuticals & Cosmetics

The report also helps in understanding Global Nanocellulose Market Market dynamics, structure by analyzing the market segments, and project the Global Nanocellulose Market Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Nanocellulose Market Market make the report investor’s guide.

Global Nanocellulose Market Market Segmentation Insights:

The market scope is segmented because of by Type, by Application.

By Type

Based on the Type of the market is categorised into CNF (NFC, MFC), Bacterial Cellulose, CNC.

In 2022, Cellulose Nanofibers (CNF) held a dominant market share of over 51% in terms of revenue. The product's enhanced tensile characteristics and convenient availability account for its largest market share. Typically, the cellulose bulk is processed chemically and mechanically to create MFC and NFC (Nano Fibrillated Cellulose) from wood. The production of these goods is made easier by the availability of pulp made of wood. The design can be used for a wide range of commodities due to its varied properties, which include lighter basic mass, increased filler content, improved paper machine efficiency, and higher freeness. Growing awareness among businesses across many industries and positive government support for the use of biodegradable nanocellulose will be advantageous for the market's expansion.

Bacterial nanocellulose is a three-dimensional network structure with excellent crystalline that is produced by the metabolism of various bacteria and excludes lignin and other extracts. Because of its structure, the product has various unique properties that are beneficial to a wide range of industries, including high crystalline, higher purity, excessive water retention worth, non-toxicity, improved mechanical strength, and antibacterial characteristics.

By Application

Based on the Application of the market is categorised into Pulp & Paperboard, Composites, Pharmaceuticals & Biomedical, Electronics, Food & Beverages, Others.

In 2022, pulp and paperboard applications held a revenue share of more than 25%, dominating the market. This is a result of consumers' increasing demand for products packaged with minimal to no processing and without preservatives. Because it is one of the most readily available bio-based materials with high strength, excellent oxygen barrier performance, lack of density, mechanical characteristics, and biocompatibility, nanocellulose is widely used as a sustainable nanomaterial additive in the paper industry.

The most promising industry is paper and board because of the massive product mass of paper. Nanocellulose is used in the paper industry in both dry and wet forms for coating paper, producing paper, packaging, and creating absorbent and hygienic products.

Smooth paper surfaces for printing also lead to better print quality. The electronics industry, which includes TVs, computers, cellphones, solar cells, touch detectors, paper-based generators, and more, is very interested in transparent nanocellulose paper because of its optical, biodegradable, lightweight, affordable, and recyclable qualities.

Regional Snapshots:

By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. North America, the region with the greatest contribution, is anticipated to increase at a CAGR (compound annual growth rate) of 21.63% during the duration of the projected period. The country is home to a number of significant paper firms, such as International Paper, Westrock, and Georgia-Pacific. The country's growing paper manufacturing industry, which is further supported by stringent regulations, is the primary driver of demand for the nanocellulose market. The US pulp and paper industry produces more than 70 million tons of paper and board per year. Important pulp and paper manufacturers in the country, like International Paper, Georgia-Pacific's Corporation, and WestRock, are also fostering competition. The country's need for packaging paper is projected to rise in tandem with the rise in the consumption of fast-moving consumer products. The nation's expanding paper sector is expected to support the growth of the nanocellulose market.

Europe is expected to grow at a CAGR of 19.70% throughout the projection period. In France, the packaging sector consumes the majority of plastic items, with the majority of demand coming from food and beverage packaging. The food business accounts for about 20% of French production. Additionally, the food industry innovates at a rate 43 percent higher than other industrial sectors in packaging design. This has led to a rise in the demand for food packaging and an increase in packaging material prices nationwide. Based on estimates from the National Institute of Economics and Statistics (INSEE), about 5 million tons of household waste (including recyclables) were turned into packaging items in France in 2018. This amounts to an 18.3-million-euro manufacturing output.

Nanocellulose Market Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions:

• How much the global Nanocellulose Market Market valued?
• Which region has the largest share in 2024 for the global Nanocellulose Market Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Nanocellulose Market Market:

• Historic year: 2019- 2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million

Nanocellulose Market Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: