Verified Market Research recently published a report, “Nanocellulose marketBy Type (Nanocrystalline Cellulose, Cellulose Nanofiber, and Microfibrillate), By Application (Pulp & Paper, Biomedical & Pharmaceutical, Packaging), and By Geography. According to verified market research, the global nanocellulose market size was estimated to be $ 278.5 million in 2020 and should reach $ 1,262.5 million by 2028, with a CAGR of 20.94% from 2021 to 2028.
Global Nanocellulose Market Overview
Nanocellulose is widely used in the pulp and paper industry as an additive to produce light and white paper, thus driving the growth of the market. It is used in healthcare applications including biomedicines, personal care products, and cosmetics for its non-toxic properties. Nanocellulose has excellent adsorption capacities and therefore acts as a suitable ingredient to produce dressings and sanitary napkins. The growing research activity on nanocellulose has further fueled the market.
Nanocellulose has the potential to replace many petrochemicals and has been cost effective compared to other high performance nanoscale materials. It offers superior properties such as ease of removal, biodegradability, transparency, flexibility, high mechanical strength and barrier properties, etc. The rise of the food industry as well as the improvement of health problems will be a major factor contributing to the market share of nanocellulose in the years to come.
Although cellulose exists in abundance in nature, the production of these nanomaterials requires large machinery and technical knowledge, resulting in increased production load and high production costs may hamper the growth of the market.
Key developments in Nanocellulose market
- In February 2019, CellForce said it had modernized the CNC factory by Montreal, which will operate at a production capacity of 300 tonnes / year.
- In September 2020, CellForce declared the signing of an agreement with multinationals operating in the cosmetics sector to supply all CNCs for the next 10 years. The company also felt that there would be a need for a new factory to meet the demand for this agreement. MNC has obtained worldwide exclusivity for the marketing of CNC-based cosmetics and is likely to launch new products gradually during the period of the agreement.
The main players in the market are CelluForce Inc, Kruger Inc, Sappi Ltd, Innventia AB, Nippon Paper Group Inc, Borgward and GranBio Technologies.
Verified market research segmented the global nanocellulose market on the basis of type, application, and geography.
- Nanocellulose Market, By Type
- Nanocrystalline cellulose
- Cellulose nanofibers
- Microfibrillated cellulose
- Nanocellulose Market, By Application
- Pulp and paper
- Biomedical & Pharmaceutical
- Packaging
- Others
- Nanocellulose Market by Geography
- North America
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- LINE
- Middle East & Africa
- Latin America
Browse related reports:
Nanocrystalline Cellulose Market By Quality (Industrial Grade, Pharmaceutical / Food Grade), By Form (Powder, Liquid), By Source (Softwood Pulp, Hardwood Pulp), By Application (Composites, Personal Care, Packaging, Processing paper), by geography, Forecast, 2021-2028
Flexographic inks market by ink type (volatile ink, energy-drying ink), by resin type (polyurethanes, acrylic, polyamides, nitrocellulose), by application technology (water-based, solvent-based, ultraviolet (UV)), by geography, Forecast, 2021-2028
Microcrystalline Cellulose Market By Source Type (Wood-Based vs. Non-Wood-Based), By Application (Pharmaceutical, Food & Beverage, Cosmetics & Personal Care), By Geography, Forecast, 2021-2028
Hydroxyethyl Cellulose (HEC) Market By Product Type (Industrial Grade, Cosmetic Grade, Food Grade, and Pharmaceutical Grade), By Application (Building Materials, Oil Fields, Personal Care & Cosmetics, Food, Pharmaceuticals, Paper, Adhesives & textiles), by Geography, Forecast, 2021-2028
Top industrial packaging suppliers offering a safer way to ship products
Visualize the Nanocellulose Market Using Verified Market Intelligence: -:
Verified market intelligence is our BI compatible platform for the narrative storytelling of this market. VMI offers detailed trends and accurate information on over 20,000 emerging and niche markets, helping you make critical decisions impacting revenue for a bright future.
VMI provides a holistic overview and global competitive landscape with regard to region, country and segment, and key players in your market. Present your market report and findings with a built-in presentation function, saving over 70% of your time and resources for investor arguments, sales and marketing, R&D; and product development. VMI enables data delivery in interactive Excel and PDF formats with over 15+ key market indicators for your market.
