Nanocellulose Market – Global Market Share, Trends, Analysis and Forecasts, 2023-2032
The global nanocellulose market was estimated to be US$ 360.04 Million in 2022 and is expected grow at a CAGR of 22.93% between 2023 to 2032.
Nanocellulose is derived from plant cellulose, which is an abundantly available bio-polymer material, through mechanical or chemical treatment. Nanocellulose's excellent properties include thermal, mechanical and structural strengths. For its paramount strength and low weight, it is interpreted as a preferred material for wide range of applications.
Furthermore, nanocellulose materials are widely used to make super-flexible screens for different end-use applications. In addition, due to its high porosity and super absorbent property, the nanocellulose materials can make the most fanciful dressing bandages for wounds. Nanocellulose is interpreted as a material from wood fibers and is preferred over the lightweight material Kevlar for its paramount strength. Unlike Kevlar, Nanocellulose is completely renewable and is ideal for light and strong body armor.
Increasing demand for sustainable packaging solutions is boosting market growth
Growth in the global packaging industry coupled with continued demand for sustainable packaging solutions is a key factor boosting the global nanocellulose market.
Strict regulatory and non-regulatory standards have prohibited the use of non-degradable packaging materials primarily for the food and beverage industry, which is expected to boost demand for sustainable and light weight packaging options in the predictable years. Nanocellulose includes the ability to replace several petrochemical products with sustainable products and is considered to be relatively more cost-effective compared to other nanomaterials with high performance.
In the production of synthetic polymers and chemicals, increasing oil costs combined with high energy intensity is anticipated to drive the nanocellulose market. On the other hand it is anticipated to create more opportunities in coming years in new applications ranging from wound healing, artificial skin, biodegradability of foodstuffs and more. The growing demand for sustainable products can be ascribed to that. Moreover, the market for nanocellulose is anticipated to be positively driven by increasing awareness regarding the use of nanocellulose.
The global nanocellulose market can be bifurcated on the basis of type, application and geography. Based on type, the global nanocellulose market can be categorized into microfibrillated cellulose & nanofibrillated cellulose, cellulose nanocrystal/nanocrystalline cellulose and others. Based on application, the global nanocellulose market is sub-segmented into composites & packaging, pulp & paper, pharmaceuticals, electronics & sensors, and biomedical. Geographically, the global nanocellulose market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Major players operating in the global nanocellulose market include American Process Inc., Innventia AB, CelluForce, FPInnovations, Kruger, Stora Enso, Borregaard, Diacel FineChem, Nippon Paper as well as UPM-Kymmene Oyj among others.
The Global Nanocellulose Market Is Segmented As Below:
Based On Type
- Microfibrillated Cellulose & Nanofibrillated Cellulose
- Cellulose Nanocrystal/nanocrystalline Cellulose
- Other
Based On Application
- Composites & Packaging
- Pulp & Paper
- Pharmaceuticals
- Electronics & Sensors
- And Biomedical
Based On Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Nanocellulose Market
- Global Nanocellulose Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTEL Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Trends
- Global Nanocellulose Market Analysis and Forecast, by Product Type
- Overview and definitions
- Key segment analysis
- Global Nanocellulose Market Estimates (US$ Mn and Kilo Tons), by Product Type, 2019 – 2032
- Cellulose Nanofibrils (CNF)
- Cellulose Nanocrystals (CNC)
- Bacterial
- Others
- Global Nanocellulose Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Nanocellulose Market Estimates (US$ Mn), by Application, 2019 – 2032
- Composites
- Paper processing
- Food & beverages
- Paints & coatings
- Oil & gas
- Personal care
- Others
- Global Nanocellulose Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Nanocellulose Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Nanocellulose Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Nanocellulose Market Estimates (US$ Mn and Kilo Tons), by Product Type, 2019 – 2032
- Cellulose Nanofibrils (CNF)
- Cellulose Nanocrystals (CNC)
- Bacterial
- Others
- North America Nanocellulose Market Estimates (US$ Mn), by Application, 2019 – 2032
- Composites
- Paper processing
- Food & beverages
- Paints & coatings
- Oil & gas
- Personal care
- Others
- North America Nanocellulose Market Estimates (US$ Mn), Country, 2019 – 2032
- United States
- Canada
- Rest of North America
- Europe Nanocellulose Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Nanocellulose Market Estimates (US$ Mn and Kilo Tons), by Product Type, 2019 – 2032
- Cellulose Nanofibrils (CNF)
- Cellulose Nanocrystals (CNC)
- Bacterial
- Others
- Europe Nanocellulose Market Estimates (US$ Mn), by Application, 2019 – 2032
- Composites
- Paper processing
- Food & beverages
- Paints & coatings
- Oil & gas
- Personal care
- Others
- Europe Nanocellulose Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Nanocellulose Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Nanocellulose Market Estimates (US$ Mn and Kilo Tons), by Product Type, 2019 – 2032
- Cellulose Nanofibrils (CNF)
- Cellulose Nanocrystals (CNC)
- Bacterial
- Others
- Asia Pacific Nanocellulose Market Estimates (US$ Mn), by Application, 2019 – 2032
- Composites
- Paper processing
- Food & beverages
- Paints & coatings
- Oil & gas
- Personal care
- Others
- Asia Pacific Nanocellulose Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- South Korea
- Australia
- Rest of Asia Pacific
- Middle East & Africa Nanocellulose Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Nanocellulose Market Estimates (US$ Mn and Kilo Tons), by Product Type, 2019 – 2032
- Cellulose Nanofibrils (CNF)
- Cellulose Nanocrystals (CNC)
- Bacterial
- Others
- Middle East & Africa Nanocellulose Market Estimates (US$ Mn), by Application, 2019 – 2032
- Composites
- Paper processing
- Food & beverages
- Paints & coatings
- Oil & gas
- Personal care
- Others
- Middle East & Africa Nanocellulose Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East
- South America Nanocellulose Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Nanocellulose Market Estimates (US$ Mn and Kilo Tons), by Product Type, 2019 – 2032
- Cellulose Nanofibrils (CNF)
- Cellulose Nanocrystals (CNC)
- Bacterial
- Others
- South America Nanocellulose Market Estimates (US$ Mn), by Application, 2019 – 2032
- Composites
- Paper processing
- Food & beverages
- Paints & coatings
- Oil & gas
- Personal care
- Others
- South America Nanocellulose Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Nanocellulose Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Sappi Limited
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- CelluForce Inc.
- Borregaard ASA
- FPInnovations
- Daicel Corporation
- American Process Inc. (API)
- Kruger Inc.
- Nippon Paper Group Inc.
- Oji Holdings Corporation
- Rettenmaier & Söhne GmbH + Co. KG
- CelluComp Ltd.
- Melodea Ltd.
- Asahi Kasei Corporation
- Stora Enso
- Holmen AB
- Anomera
- Sappi Limited
- Conclusion & Recommendations
Frequently asked questions about this report
How big is the nanocellulose market?
The global nanocellulose market was worth US$ 360.04 Million in 2022.
What is the nanocellulose market growth?
The nanocellulose market is expected grow at a CAGR of 22.93% between 2023 to 2032.
What are the prominent players of the nanocellulose market across the globe?
Major players operating in the global nanocellulose market include American Process Inc., Innventia AB, CelluForce, FPInnovations, Kruger, Stora Enso, Borregaard, Diacel FineChem, Nippon Paper as well as UPM-Kymmene Oyj among others.
What are the different types of nanocellulose used?
Based on type, the Nanocellulose market is segmented into Microfibrillated Cellulose & Nanofibrillated Cellulose and Cellulose Nanocrystal/nanocrystalline Cellulose .
What are the key factors in the nanocellulose market?
Growth in the global packaging industry coupled with continued demand for sustainable packaging solutions is a key factor boosting the global nanocellulose market.