Nanocellulose Market by Raw Material (Wood & Non-Wood) by Product (Nano fibrillated Cellulose (NFC), Nanocrystalline Cellulose (NCC) & Bacterial Cellulose) by Application (Composites, Paper Processing & Food & Beverages) and Geography - Global Forecast to 2030

Market Size:

The global Nanocellulose Market was valued at XX in 2020 and is expected to reach around XX by 2028, at a CAGR of about XX% between 2021 and 2028.

Market Overview:

Nanocellulose refers to a unique and innovative class of nanomaterials derived from cellulose, which is the most abundant biopolymer found in nature, commonly extracted from various sources such as wood pulp or agricultural waste. What sets nanocellulose apart is its exceptionally small size, typically at the nanoscale level, with individual particles possessing intriguing characteristics, including high aspect ratios, large surface area, and exceptional mechanical properties. Nanocellulose can be further categorized into nanocrystalline cellulose (NCC) and nano fibrillated cellulose (NFC), each exhibiting distinct morphologies and properties.

Due to its renewable and biodegradable nature, nanocellulose has garnered significant attention across diverse industries, including paper and packaging, composites, food and beverages, personal care products, paints and coatings, and even biomedical and pharmaceutical applications. Its versatile nature and environmentally friendly attributes make nanocellulose a promising candidate for sustainable advancements in various sectors, paving the way for cutting-edge innovations and eco-conscious solutions in the modern world.

Market Dynamics: 

The Nanocellulose market is anticipated to grow in the forecast period owing to driving factors such as the increasing demand for sustainable and eco-friendly materials. Nanocellulose's renewable origin, biodegradability, and low environmental footprint make it a compelling choice for various applications, encouraging its adoption in environmentally conscious sectors such as packaging, composites, and personal care products.

However, the market faces certain restraints that may hinder its growth. One such challenge is the relatively high production cost of nanocellulose, attributed to the complex and resource-intensive manufacturing processes.

Despite these challenges, numerous opportunities lie ahead for the nanocellulose material market. Advancements in nanotechnology and material science are driving continuous innovation, resulting in novel applications and expanding potential end-use industries. Nanocellulose's ability to act as a functional and sustainable additive in sectors like food and beverages, pharmaceuticals, and electronics holds significant promise for future growth.

Drivers:

·         Increasing demand for sustainable and eco-friendly materials.

·         Growing focus on reducing reliance on fossil-based products.

·         Technological advancements in nanocellulose production.

·         Rising popularity in composites and high-performance materials.

Restraints:

·         Relatively high production costs due to complex manufacturing processes.

·         Need for optimizing production techniques to reduce costs.

·         Challenges in large-scale commercialization.

Opportunities:

·         Continuous innovation in nanotechnology and material science.

·         Exploration of novel applications in food and beverages, pharmaceuticals, and electronics.

·         Replacement of non-biodegradable materials with nanocellulose.

·         Emphasis on circular economy principles.

COVID-19 Impact:

The COVID-19 pandemic has had a significant impact on the nanocellulose market, introducing both challenges and opportunities for the industry. The initial stages of the pandemic saw disruptions in the supply chain and manufacturing processes due to lockdowns and restrictions imposed by governments worldwide. This led to delays in production and shipment of nanocellulose materials, affecting various end-use industries that heavily rely on these products. Additionally, the economic downturn caused by the pandemic resulted in decreased consumer spending and investment in research and development activities, further influencing the market's growth.

However, the pandemic also highlighted the importance of sustainable and eco-friendly materials, and nanocellulose gained attention as a viable alternative in various sectors. As governments and industries started emphasizing the need for environmentally friendly solutions, nanocellulose's renewable nature and biodegradability gained prominence. This shift in focus has opened new avenues for nanocellulose applications, particularly in packaging, composites, and biomedical fields, as companies and consumers sought greener and more sustainable options.

Segmental Analysis:

The global Nanocellulose Market is segmented based on Raw Material, Product, Application and Region.

Wood-based segment to contribute largest share in market 2022.

Based on raw material market is segmented into Wood & Non-Wood. Wood-based segment to donates the market due to its abundance and favourable properties for nanocellulose production. On the other hand, hardwood-derived nanocellulose, obtained from deciduous trees like eucalyptus and birch, offers unique characteristics suitable for specific applications.

Nano fibrillated Cellulose (NFC) segment to share largest revenue in market 2022.

Based on product market is bifurcate into Nano fibrillated Cellulose (NFC), Nanocrystalline Cellulose (NCC) & Bacterial Cellulose. NFC to dominates the market due to It is produced by mechanically or enzymatically breaking down cellulose fibres into nanoscale fibrils, resulting in a high aspect ratio structure with exceptional mechanical properties.

Nanocrystalline Cellulose (NCC) is another essential segment of the nanocellulose market. It is produced through acid hydrolysis of cellulose fibres, resulting in rod-shaped nanoparticles with high crystallinity. NCC's unique properties, including high surface area and biocompatibility.

On the other hand, Bacterial cellulose is produced by certain bacteria through the fermentation of glucose or other carbon sources. Bacterial cellulose possesses high purity, unique morphology, and mechanical properties, making it well-suited for applications in biomedical and electronics industries.

Composites to hold a major share in market 2022.

Based on application market is divided into Composites, Paper Processing & Food & Beverages. Composites segment to dominates the market due to it increasingly utilized as a reinforcement material in composite manufacturing due to its exceptional mechanical properties, such as high tensile strength and low weight. Incorporating nanocellulose into composites enhances their overall performance, making them stronger, lighter, and more environmentally friendly.

Paper Processing represents another substantial application segment for nanocellulose. Nanocellulose is employed as an additive in paper manufacturing to improve paper properties, including increased strength, opacity, and printability. The use of nanocellulose in paper processing not only enhances the quality of the final product but also contributes to sustainability by reducing the need for conventional additives derived from non-renewable sources.

On the other hand, Food & Beverages is an emerging application segment for nanocellulose, showing promising growth prospects. Nanocellulose's ability to act as a thickener, stabilizer, and emulsifier in food products is gaining attention in the food industry. Its use can improve texture, stability, and shelf life of food items without altering their taste or nutritional value.

Regional Analysis:

Asia Pacific accounts for a major share of the global Nanocellulose systems market followed by Europe and the North America.

At the regional level, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East, and Africa. Asia Pacific was the largest regional market in 2022 due to robust growth and market potential. Countries such as China, Japan, India, and South Korea are at the forefront of nanocellulose research and commercialization. The region's large population, industrialization, and increasing focus on sustainability drive the demand for nanocellulose in various applications.

On the other hand, North America and Europe are mature markets for nanocellulose, with well-established research and industrial applications. The focus on sustainable and eco-friendly materials drives demand in these regions. In the Middle East and North Africa, nanocellulose is gaining traction, driven by increasing awareness of its benefits in sectors like composites, packaging, and food industries.

Key Market Players:

·         CelluForce Inc.

·         Kruger Biomaterials Inc.

·         Nippon Paper Industries Co., Ltd.

·         American Process Inc.

·         Borregard ASA

·         Stora Enso Oyj

·         Daicel FineChem Ltd.

·         Sappi Ltd.

·         Melodea Ltd.

·         Norske Skog ASA

·         Blue Goose Biorefineries Inc.

·         UPM-Kymmene Corporation

Company overview, financial overview, product portfolio, business strategy, and recent developments for major market players operating in Nanocellulose Market are included.

Nanocellulose Market Report Scope:

Attribute

Details

Market Size in 2020

XX Billion

Market Size in 2028

XX Billion

CAGR (%)

XX% from 2021 to 2028

Historic Period

2017 – 2019

Base Year

2020

Forecast Period

2021 – 2028

Segments Covered

Raw Material, Product, Application and Region

Regional Scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key Companies Profiled

CelluForce Inc.

Kruger Biomaterials Inc.

Nippon Paper Industries Co., Ltd.

American Process Inc.

Borregard ASA

Stora Enso Oyj

Daicel FineChem Ltd.

Sappi Ltd.

Melodea Ltd.

Norske Skog ASA

Blue Goose Biorefineries Inc.

UPM-Kymmene Corporation

The report segments of the global Nanocellulose Market are as follows:

By Raw Material:

·         Wood

·         Non-Wood

By Product:

·         Nano fibrillated Cellulose (NFC)

·         Nanocrystalline Cellulose (NCC)

·         Bacterial Cellulose

By Application:

·         Composites

·         Paper Processing

·         Food & Beverages

By Region:

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    U.K.

o    Germany

o    France

o    Italy

o    Spain

·         Asia Pacific

o    China

o    India

o    Japan

o    South Korea

o    Singapore

·         Central & South America

o    Brazil

·         Middle East & Africa

o    UAE

 

 

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Report Detail

  • Status:Published
  • Report Code:NNRR 115
  • No. of Pages:178
  • Published DateAugust 2023
  • Category:Chemical and Material
  • Delivery Timeline:48 hrs

Customized

  • => Region Level Market Share
  • => Import Export Analysis
  • => Additional Company Profiles
  • => Region Specific Market Dynamics
  • => Production Analysis
  • => Additional Countries (Apart From Mentioned Countries)
  • => Country/Region-specific Report