Nanocellulose Market Report
RA06611
Nanocellulose Market by Type (Cellulose Nanofibers (CNF), Bacterial Cellulose, and Others), Application (Pulp & Paperboard, Food & Beverages, Composites, Electronics, Pharmaceuticals & Biomedical, and Others), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032
Nanocellulose Overview
A class of cellulose-based nanomaterials known as nanocellulose comes from plant-based sources like wood pulp, agricultural waste, or microorganisms. Outstanding mechanical, thermal, and chemical qualities make it a sustainable and renewable material. Due to its numerous applications across numerous industries, nanocellulose has attracted a lot of attention and interest recently. Nanocellulose has the potential to be used in a wide range of biological applications, including drug delivery mechanisms, tissue engineering scaffolds, wound dressings, and implants. Due to its biocompatibility, biodegradability, and ability to reproduce the extracellular matrix, it is a good contender for regenerative medicine. The three main types of nanocellulose are nanocrystalline cellulose (NCC) or cellulose nanocrystals (CNC), Nanofibrillated cellulose (NFC) or cellulose nanofibers (CNF) and bacterial cellulose (BC).
Global Nanocellulose Market Analysis
The global nanocellulose market size was $345.1 million in 2022 and is predicted to grow with a CAGR of 22.0%, by generating a revenue of $2,499.5 million by 2032.
COVID-19 Impact on Global Nanocellulose Market
Global supply networks, particularly those in the nanocellulose business, were disrupted by the pandemic. The supply and distribution of items made from nanocellulose were impacted by transportation issues, temporary shutdown of manufacturing facilities, and movement restrictions. The demand for hygiene supplies including face masks, hand sanitizers, and disinfectants skyrocketed throughout the outbreak. Innovative mask filtration membranes and antimicrobial surface coatings have been made using nanocellulose, a biocompatible material that excels in filtering.
It is projected that once the world economy starts to recover from the pandemic's effects, the nanocellulose market will accelerate. The use of nanocellulose in many industries is most likely to continue being fueled by the demand for eco-friendly and sustainable products. The epidemic has increased understanding of the value of environmental preservation and sustainability. As enterprises look for greener options, nanocellulose, which is made from renewable sources and has a number of sustainable benefits, is likely to gain more popularity.
Growing Demand for Sustainable Materials to Drive the Market Growth
Plant cellulose is a renewable and plentiful supply of nanocellulose. The demand for eco-friendly items is increasing as worries about sustainability grow. Nanocellulose is a great fit with consumer and industry sustainability goals because of its decomposability, non-toxicity, and synthesis from renewable feedstocks. High strength, light weight, and biocompatibility are some of nanocellulose's distinctive properties. These features allow it to be applied in a variety of fields, including composites, wrapping, textiles, electronics, and healthcare. The need for nanocellulose in various sectors is driven by its higher performance and adaptability. The creation of scalable, effective manufacturing processes for nanocellulose has fueled the expansion of this industry. Nanocellulose with suitable qualities can be extracted using novel procedures as mechanical, enzymatic, and chemical treatments. Because of these developments, nanocellulose is now more widely available and economically viable.
High Production Costs to Restrain Market Growth
Nanocellulose manufacture includes intricate procedures and cutting-edge technology. The manufacture of nanocellulose is still not cost-effective, which prevents its broad use in several applications. Nanocellulose is a versatile substance with a range of forms and qualities. The seamless integration of nanocellulose into current businesses is hampered by the absence of standardised procedures for characterisation, manufacture, and application. Although efforts are being made to standardise, the lack of globally recognised norms may lead to uncertainty and restrict market expansion. Despite having favorable qualities nanocellulose's commercialisation is still in its early phases. The ability to meet large-scale demand and the scalability of nanocellulose production technologies are still issues. The restricted commercial supply of nanocellulose may prevent its widespread use in a number of industries. Regulatory and safety concerns are major factors for the nanocellulose market, as they are for any novel substance. It's important to examine and deal with all of the potential concerns connected to nanocellulose, including toxicity, environmental impact, and occupational health and safety. The regulatory landscape is changing, and market expansion depends on compliance with safety rules.
Growing Popularity of Sustainable and Renewable Materials to Drive Excellent Opportunities
Nanocellulose is a desirable substitute for materials made from petroleum because it is made from renewable resources, such plants. Nanocellulose can be extremely important in a number of industries, including packaging, textiles, electronics, and construction, as the need for ecologically friendly and sustainable materials rises. The outstanding mechanical, optical, and barrier qualities of nanocellulose make it appropriate for a variety of cutting-edge functional applications. These include energy storage technologies, sensors, biomedical scaffolds, high-performance films, transparent coatings, and lightweight composites. Nanocellulose's adaptability creates possibilities for innovation across numerous industries. Applications in biomedicine and healthcare offer promise for nanocellulose. It can simulate biological settings, is biocompatible, biodegradable, and can be used in tissue engineering, regenerative medicine, and drug delivery systems. Significant prospects for improvements in healthcare are presented by the use of nanocellulose in medical devices including implants and wound dressings. Complex, long-lasting structures can be produced using 3D printing techniques and nanocellulose. Nanocellulose can be added to other materials in additive manufacturing to enhance their mechanical properties, printability, and sustainability. Opportunities for specialised manufacturing, prototyping, and useful end-use goods are now available.
Global Nanocellulose Market Share, by Type, 2022
The cellulose nanofibers (CNF) sub-segment accounted for the highest share in 2022. CNF is a desirable replacement for petroleum-based polymers because it is made from abundant and renewable sources of cellulose, such as wood pulp. The demand for CNF is driven by the growing emphasis on sustainability and the goal to lessen reliance on fossil fuels in a number of industries. Outstanding mechanical characteristics of CNF include high strength, stiffness, and aspect ratio. As a result of these characteristics, CNF is a useful reinforcement material for improving the mechanical performance of several composites, including plastics, films, coatings, and papers. CNF, which is manufactured from renewable resources, can replace components made from petroleum in an environmentally beneficial manner. Its advantages include reduced carbon emissions, biodegradability, and recycling ability. The creation of sustainable and environmentally friendly products is aided by the use of CNF. Excellent barrier qualities against gases, liquids, and UV rays are displayed by CNF. Due to these characteristics, it can improve product protection, increase shelf life, and provide resistance to moisture, oxygen, and light, making it an ideal choice for packaging materials, coatings, and films.
Global Nanocellulose Market Share, by Application, 2022
The pulp & paperboard sector accounted for the highest market size in 2022. To enhance various properties of paper and paperboard products, nanocellulose, in particular cellulose nanofibrils (CNF) and cellulose nanocrystals (CNC), can be employed as additives in the papermaking process. They increase the mechanical strength of paper-based materials by increasing their stiffness, tensile strength, and tear resistance. As a result, these materials perform better and last longer. Paper and paperboard's barrier qualities can be enhanced by nanocellulose, increasing their resistance to the absorption of gases, liquids, and oils. Applications requiring oxygen barrier, grease resistance, or moisture resistance, such as food packaging and specialist paper goods, can benefit greatly from this characteristic. The pulp and paperboard industry has prospects for lightweighting thanks to nanocellulose. Manufacturers can lower the weight of paper and paperboard goods while preserving or even enhancing mechanical strength by using nanocellulose. Savings in shipping, storage, and total environmental effect may result from this.
Global Nanocellulose Market Share, by Region, 2022
Europe region held the highest share in nanocellulose market in 2022. The characteristics and uses of nanocellulose are being actively researched by numerous universities, research centres, and businesses. This robust research environment promotes creativity and propels the development of nanocellulose technology. With Europe's emphasis on sustainability and the switch to renewable materials, nanocellulose fits in well. Nanocellulose provides an environmentally acceptable alternative to synthetic materials in a variety of applications due to its renewable and biodegradable nature. It promotes the circular economy objective of the European Union by minimising reliance on fossil fuel-based resources. The packaging industry in Europe is aggressively investigating nanocellulose-based options for long-lasting and useful packaging. The barrier qualities of packaging materials can be increased by nanocellulose, offering better defence against moisture, gases, and other pollutants. Additionally, it provides chances for lightweighting, cutting down on packing waste and transportation expenses. Automotive and aerospace companies in Europe are looking into using nanocellulose to make lighter, more efficient cars. Nanocellulose composites have outstanding strength-to-weight ratios, vibration-dampening properties, and thermal stability, making them suitable for a wide range of applications, including interior components and structural parts.
Competitive Scenario in the Global Nanocellulose Market
Product development and geographic expansion are major players functioning in the highly competitive global nanocellulose market.
Some of the leading nanocellulose market players are Cellu Force, Nippon Paper Industries Co., Ltd., Fiber Lean, Kruger INC, Borregaard AS, Blue Goose Refineries, CelluComp, Stora Enso Biomaterials, Melodea Ltd, and GranBio Technologies.
| Aspect | Particulars |
| Historical Market Estimations | 2021 |
| Base Year for Market Estimation | 2022 |
| Forecast Timeline for Market Projection | 2023-2032 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Type |
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| Segmentation by Application |
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| Key Companies Profiled |
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Q1. What is the size of the nanocellulose market?
A. The size of the nanocellulose market was over $345.1 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 22.0% during the forecast period.
Q2. Which are the major companies in the nanocellulose market?
A. Nippon Paper Industries Co., Ltd. and Stora Enso Biomaterials are some of the key players in the global nanocellulose market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What are the strategies opted by the leading players in this market?
A. Product development and geographic expansion are the two key strategies opted by the operating companies in this market.
Q5. Which companies are investing more on R&D practices?
A. Nippon Paper Industries Co., Ltd. and Stora Enso Biomaterials are the companies investing more on R&D activities for developing new products and technologies.
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1. RESEARCH METHODOLOGY
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.5. Market size estimation
1.5.1. Top-down approach
1.5.2. Bottom-up approach
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2. REPORT SCOPE
2.1. Market definition
2.2. Key objectives of the study
2.3. Report overview
2.4. Market segmentation
2.5. Overview of the impact of COVID-19 on Global Nanocellulose Market
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
4.1. Introduction
4.2. Growth impact forces
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Market value chain analysis
4.3.1. List of raw material suppliers
4.3.2. List of manufacturers
4.3.3. List of distributors
4.4. Innovation & sustainability matrices
4.4.1. Technology matrix
4.4.2. Regulatory matrix
4.5. Porter’s five forces analysis
4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive rivalry intensity
4.6. PESTLE analysis
4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Environmental
4.7. Impact of COVID-19 on Nanocellulose Market
4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario
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5. Nanocellulose Market, By Type
5.1. Overview
5.2 Pulp & Paper
5.2.1 Definition, key trends, growth factors, and opportunities
5.2.2 Market size analysis, by region, 2020-2027
5.2.3 Market share analysis, by country, 2020-2027
5.3 Composites
5.3.1 Definition, key trends, growth factors, and opportunities
5.3.2 Market size analysis, by region, 2020-2027
5.3.3 Market share analysis, by country, 2020-2027
5.4 Biomedical & Pharmaceuticals
5.4.1 Definition, key trends, growth factors, and opportunities
5.4.2 Market size analysis, by region, 2020-2027
5.4.3 Market share analysis, by country, 2020-2027
5.5 Electronics Sensors
5.5.1 Definition, key trends, growth factors, and opportunities
5.5.2 Market size analysis, by region, 2020-2027
5.5.3 Market share analysis, by country, 2020-2027
5.6 Others
5.6.1 Definition, key trends, growth factors, and opportunities
5.6.2 Market size analysis, by region, 2020-2027
5.6.3 Market share analysis, by country, 2020-2027
5.7 Research Dive Exclusive Insights
5.7.1 Market attractiveness
5.7.2 Competition heatmap
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6. Nanocellulose Market, By Application
6.1. Overview
6.2 MFC & NFC
6.2.1 Definition, key trends, growth factors, and opportunities
6.2.2 Market size analysis, by region, 2020-2027
6.2.3 Market share analysis, by country, 2020-2027
6.3 CNC/NCC
6.3.1 Definition, key trends, growth factors, and opportunities
6.3.2 Market size analysis, by region, 2020-2027
6.3.3 Market share analysis, by country, 2020-2027
6.4 Others
6.4.1 Definition, key trends, growth factors, and opportunities
6.4.2 Market size analysis, by region, 2020-2027
6.4.3 Market share analysis, by country, 2020-2027
6.5 Research Dive Exclusive Insights
6.5.1 Market attractiveness
6.5.2 Competition heatmap
7. Nanocellulose Market, By Region
7.1 North America
7.1.1 U.S
7.1.1.1 Market size analysis, By Type, 2020-2027
7.1.1.2 Market size analysis, By Application, 2020-2027
7.1.2 Canada
7.1.2.1 Market size analysis, By Type, 2020-2027
7.1.2.2 Market size analysis, By Application, 2020-2027
7.1.3 Mexico
7.1.3.1 Market size analysis, By Type, 2020-2027
7.1.3.2 Market size analysis, By Application, 2020-2027
7.1.4 Research Dive Exclusive Insights
7.1.4.1 Market attractiveness
7.1.4.2 Competition heatmap
7.2 Europe
7.2.1 Germany
7.2.1.1 Market size analysis, By Type, 2020-2027
7.2.1.2 Market size analysis, By Application, 2020-2027
7.2.2 UK
7.2.2.1 Market size analysis, By Type, 2020-2027
7.2.2.2 Market size analysis, By Application, 2020-2027
7.2.3 France
7.2.3.1 Market size analysis, By Type, 2020-2027
7.2.3.2 Market size analysis, By Application, 2020-2027
7.2.4 Spain
7.2.4.1 Market size analysis, By Type, 2020-2027
7.2.4.2 Market size analysis, By Application, 2020-2027
7.2.5 Italy
7.2.5.1 Market size analysis, By Type, 2020-2027
7.2.5.2 Market size analysis, By Application, 2020-2027
7.2.6 Rest of Europe
7.2.6.1 Market size analysis, By Type, 2020-2027
7.2.6.2 Market size analysis, By Application, 2020-2027
7.2.7 Research Dive Exclusive Insights
7.2.7.1 Market attractiveness
7.2.7.2 Competition heatmap
7.3 Asia-Pacific
7.3.1 China
7.3.1.1 Market size analysis, By Type, 2020-2027
7.3.1.2 Market size analysis, By Application, 2020-2027
7.3.2 Japan
7.3.2.1 Market size analysis, By Type, 2020-2027
7.3.2.2 Market size analysis, By Application, 2020-2027
7.3.3 India
7.3.3.1 Market size analysis, By Type, 2020-2027
7.3.3.2 Market size analysis, By Application, 2020-2027
7.3.4 Australia
7.3.4.1 Market size analysis, By Type, 2020-2027
7.3.4.2 Market size analysis, By Application, 2020-2027
7.3.5 South Korea
7.3.5.1 Market size analysis, By Type, 2020-2027
7.3.5.2 Market size analysis, By Application, 2020-2027
7.3.6 Rest of Asia-Pacific
7.3.6.1 Market size analysis, By Type, 2020-2027
7.3.6.2 Market size analysis, By Application, 2020-2027
7.3.7 Research Dive Exclusive Insights
7.3.7.1 Market attractiveness
7.3.7.2 Competition heatmap
7.4 LAMEA
7.4.1 Brazil
7.4.1.1 Market size analysis, By Type, 2020-2027
7.4.1.2 Market size analysis, By Application, 2020-2027
7.4.2 Saudi Arabia
7.4.2.1 Market size analysis, By Type, 2020-2027
7.4.2.2 Market size analysis, By Application, 2020-2027
7.4.3 UAE
7.4.3.1 Market size analysis, By Type, 2020-2027
7.4.3.2 Market size analysis, By Application, 2020-2027
7.4.4 South Africa
7.4.4.1 Market size analysis, By Type, 2020-2027
7.4.4.2 Market size analysis, By Application, 2020-2027
7.4.5 Rest of LAMEA
7.4.5.1 Market size analysis, By Type, 2020-2027
7.4.5.2 Market size analysis, By Application, 2020-2027
7.4.6 Research Dive Exclusive Insights
7.4.6.1 Market attractiveness
7.4.6.2 Competition heatmap
8. Competitive Landscape
8.1 Top winning strategies, 2020-2027
8.1.1 By strategy
8.1.2 By year
8.2 Strategic overview
8.3 Market share analysis, 2020-2027
9. Company Profiles
9.1 Fiberlean technologies
9.1.1 Overview
9.1.2 Business segments
9.1.3 Product portfolio
9.1.4 Financial performance
9.1.5 Recent developments
9.1.6 SWOT analysis
9.2 Borregard
9.2.1 Overview
9.2.2 Business segments
9.2.3 Product portfolio
9.2.4 Financial performance
9.2.5 Recent developments
9.2.6 SWOT analysis
9.3 Nippon Paper Industries
9.3.1 Overview
9.3.2 Business segments
9.3.3 Product portfolio
9.3.4 Financial performance
9.3.5 Recent developments
9.3.6 SWOT analysis
9.4 Celluforce INC
9.4.1 Overview
9.4.2 Business segments
9.4.3 Product portfolio
9.4.4 Financial performance
9.4.5 Recent developments
9.4.6 SWOT analysis
9.5 Kruger INC
9.5.1 Overview
9.5.2 Business segments
9.5.3 Product portfolio
9.5.4 Financial performance
9.5.5 Recent developments
9.5.6 SWOT analysis
9.6 Stora Enso
9.6.1 Overview
9.6.2 Business segments
9.6.3 Product portfolio
9.6.4 Financial performance
9.6.5 Recent developments
9.6.6 SWOT analysis
9.7 Rise Innventia
9.7.1 Overview
9.7.2 Business segments
9.7.3 Product portfolio
9.7.4 Financial performance
9.7.5 Recent developments
9.7.6 SWOT analysis
9.8 American Process Inc.
9.8.1 Overview
9.8.2 Business segments
9.8.3 Product portfolio
9.8.4 Financial performance
9.8.5 Recent developments
9.8.6 SWOT analysis
9.9 FPInnovations
9.9.1 Overview
9.9.2 Business segments
9.9.3 Product portfolio
9.9.4 Financial performance
9.9.5 Recent developments
9.9.6 SWOT analysis
9.10 UPM-Kymmene Oyj
9.10.1 Overview
9.10.2 Business segments
9.10.3 Product portfolio
9.10.4 Financial performance
9.10.5 Recent developments
9.10.6 SWOT analysis
9.11 Melodea
9.11.1 Overview
9.11.2 Business segments
9.11.3 Product portfolio
9.11.4 Financial performance
9.11.5 Recent developments
9.11.6 SWOT analysis
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