Nanocellulose
Nanocellulose Market Forecasts to 2030 - Global Analysis By Type (Cellulose Nanofibers (CNF), Cellulose Nanocrystals (CNC), Bacterial Nanocellulose (BNC), Nanocrystalline Cellulose and Other Types), Source, Distribution Channel, Application, End User and By Geography
According to Stratistics MRC, the Global Nanocellulose Market is accounted for $0.6 billion in 2024 and is expected to reach $2.2 billion by 2030 growing at a CAGR of 23.9% during the forecast period. Nanocellulose is a material derived from plant fibers, consisting of nano-sized cellulose fibrils. It boasts unique properties such as high mechanical strength, lightweight nature, and biodegradability, making it highly versatile. Nanocellulose can be produced in various forms, including cellulose nanocrystals (CNCs), cellulose nanofibrils (CNFs), and bacterial nanocellulose (BNC). Its applications span across numerous fields, from enhancing materials in composites, coatings, and packaging, to use in medical devices, electronics, and environmental solutions.
According to Cepi (Confederation of European Paper), between 2020 and 2021, paper and board consumption has surged by 5.8%. Production increased by 6.1% within the same period, while paper mill operating rates increased to 90.0% from 85.0% in 2020.
Market Dynamics:
Driver:
Growing demand in various industries
The market is experiencing significant growth driven by increasing demand across various industries. In the packaging sector, nanocellulose is valued for its lightweight and biodegradable properties, providing an eco-friendly alternative to plastics. The paper and composites industries leverage its high strength-to-weight ratio for enhanced material performance. The rising emphasis on sustainable and high-performance materials fuels this expanding market demand.
Restraint:
Standardization issues
The market faces significant standardization challenges, impacting its growth and adoption. Inconsistent quality, varying production methods, and lack of uniform testing protocols create difficulties for manufacturers and end-users. These issues hinder the development of reliable applications and pose obstacles for regulatory approval. Addressing these standardization problems is crucial for ensuring product consistency, enhancing market confidence, and fostering innovation in nanocellulose-based solutions across various industries.
Opportunity:
Technological advancements and innovation
Technological advancements and innovation in the nanocellulose market are driving its rapid growth and diverse applications. Innovations in its use span various industries, including biomedicine, electronics, and sustainable materials. Enhanced properties such as high strength, lightweight, and biodegradability are fostering its adoption in creating eco-friendly products, improving energy storage devices, and advancing medical technologies, highlighting its vast potential.
Threat:
High production costs
High production costs are a significant challenge in the nanocellulose market. The complex extraction and production processes, which involve advanced technologies and specialized equipment, contribute to these elevated costs. These factors make large-scale production economically challenging, limiting the market's growth potential despite the material's promising applications in various industries such as packaging, electronics, and biomedical fields.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the nanocellulose market by disrupting supply chains and causing delays in production and distribution. Many manufacturing facilities faced temporary shutdowns, leading to reduced output and increased costs. However, the demand for sustainable and biodegradable materials like nanocellulose saw a rise due to heightened environmental awareness. Industries such as packaging, healthcare, and textiles began exploring nanocellulose applications to innovate and meet new health and safety standards, driving market growth post-pandemic.
The cellulose nanofibers (CNF) segment is expected to be the largest during the forecast period
The cellulose nanofibers (CNF) is expected to be the largest during the forecast period owing to their remarkable properties like high strength, lightweight, and biodegradability. They find extensive applications in industries such as packaging, paper, composites, and biomedical. The demand for CNF is escalating due to its eco-friendly nature and potential to replace synthetic materials. With ongoing research and advancements, it holds promise for revolutionizing various sectors, driving growth in the Market.
The healthcare segment is expected to have the highest CAGR during the forecast period
The healthcare segment is expected to have the highest CAGR during the forecast period. Nanocellulose offers unique properties such as high strength, biocompatibility, and biodegradability, making it ideal for drug delivery systems, wound healing, tissue engineering, and diagnostic technologies. Its nanoscale dimensions enable precise control over interactions with biological systems, enhancing efficacy and minimizing adverse effects. With ongoing research and development, the healthcare sector anticipates further advancements in utilizing nanocellulose for innovative medical solutions.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. Key factors fueling market expansion include the region's strong research and development infrastructure, growing environmental concerns, and favorable government initiatives promoting sustainable materials. Additionally, advancements in nanotechnology and rising investments in bio-based products contribute to market proliferation. It is poised to witness significant adoption of nanocellulose owing to its versatile applications and eco-friendly attributes.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period due to several factors such as increasing investments in research and development, rising demand for sustainable and eco-friendly materials, and the expanding application areas of nanocellulose. These countries have robust infrastructures and research facilities, along with a strong emphasis on technological innovation. Additionally, government initiatives promoting the use of sustainable materials further drive the growth of the market in the region.
Key players in the market
Some of the key players in Nanocellulose market include Nippon Paper Industries, Asahi Kasei Corporation, Daicel Corporation, Oji Holdings Corporation, Innventia AB, Borregaard AS, TAM Ceramics Group, Sappi Limited, Paperlogic, LLC, Mitsubishi Chemical Corporation, Archer Daniels Midland Company, Norske Skog ASA, Kruger INC, Fiber Lean and Cellu Force.
Key Developments:
In February 2024, Nippon Paper Industries announced the establishment of a new manufacturing and sales subsidiary in Hungary for the production of CMC (carboxymethyl cellulose). CMC is a crucial material used in the anodes of lithium-ion batteries (LiB) for electric vehicles (EVs), marking the company's entry into Europe's rapidly expanding EV supply chain system.
In December 2023, Asahi Kasei has developed a novel membrane system for dehydrating organic solvents for pharmaceutical applications without the application of heat or pressure. This system can contribute to the optimization of manufacturing processes in the pharmaceutical industry.
Types Covered:
• Cellulose Nanofibers (CNF)
• Cellulose Nanocrystals (CNC)
• Bacterial Nanocellulose (BNC)
• Nanocrystalline Cellulose
• Other Types
Source Covered:
• Wood
• Non-wood
Distribution Channels Covered:
• Direct Sales
• Distributors
• Online Sales Platforms
• Value-Added Resellers (VARs)
Applications Covered:
• Water Purification
• Rheology Modifiers
• Flexible Electronics
• Food Additives
• Wound Dressings
• Specialty Papers
• Other Applications
End Users Covered:
• Packaging
• Automotive
• Aerospace
• Construction
• Healthcare
• Consumer Goods
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Nanocellulose Market, By Type
5.1 Introduction
5.2 Cellulose Nanofibers (CNF)
5.3 Cellulose Nanocrystals (CNC)
5.4 Bacterial Nanocellulose (BNC)
5.5 Nanocrystalline Cellulose
5.6 Other Types
6 Global Nanocellulose Market, By Source
6.1 Introduction
6.2 Wood
6.3 Non-wood
7 Global Nanocellulose Market, By Distribution Channel
7.1 Introduction
7.2 Direct Sales
7.3 Distributors
7.4 Online Sales Platforms
7.5 Value-Added Resellers (VARs)
8 Global Nanocellulose Market, By Application
8.1 Introduction
8.2 Water Purification
8.3 Rheology Modifiers
8.4 Flexible Electronics
8.5 Food Additives
8.6 Wound Dressings
8.7 Specialty Papers
8.8 Other Applications
9 Global Nanocellulose Market, By End User
9.1 Introduction
9.2 Packaging
9.3 Automotive
9.4 Aerospace
9.5 Construction
9.6 Healthcare
9.7 Consumer Goods
9.8 Other End Users
10 Global Nanocellulose Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Nippon Paper Industries
12.2 Asahi Kasei Corporation
12.3 Daicel Corporation
12.4 Oji Holdings Corporation
12.5 Innventia AB
12.6 Borregaard AS
12.7 TAM Ceramics Group
12.8 Sappi Limited
12.9 Paperlogic, LLC
12.10 Mitsubishi Chemical Corporation
12.11 Archer Daniels Midland Company
12.12 Norske Skog ASA
12.13 Kruger INC
12.14 Fiber Lean
12.15 Cellu Force
List of Tables
1 Global Nanocellulose Market Outlook, By Region (2022-2030) ($MN)
2 Global Nanocellulose Market Outlook, By Type (2022-2030) ($MN)
3 Global Nanocellulose Market Outlook, By Cellulose Nanofibers (CNF) (2022-2030) ($MN)
4 Global Nanocellulose Market Outlook, By Cellulose Nanocrystals (CNC) (2022-2030) ($MN)
5 Global Nanocellulose Market Outlook, By Bacterial Nanocellulose (BNC) (2022-2030) ($MN)
6 Global Nanocellulose Market Outlook, By Nanocrystalline Cellulose (2022-2030) ($MN)
7 Global Nanocellulose Market Outlook, By Other Types (2022-2030) ($MN)
8 Global Nanocellulose Market Outlook, By Source (2022-2030) ($MN)
9 Global Nanocellulose Market Outlook, By Wood (2022-2030) ($MN)
10 Global Nanocellulose Market Outlook, By Non-wood (2022-2030) ($MN)
11 Global Nanocellulose Market Outlook, By Distribution Channel (2022-2030) ($MN)
12 Global Nanocellulose Market Outlook, By Direct Sales (2022-2030) ($MN)
13 Global Nanocellulose Market Outlook, By Distributors (2022-2030) ($MN)
14 Global Nanocellulose Market Outlook, By Online Sales Platforms (2022-2030) ($MN)
15 Global Nanocellulose Market Outlook, By Value-Added Resellers (VARs) (2022-2030) ($MN)
16 Global Nanocellulose Market Outlook, By Application (2022-2030) ($MN)
17 Global Nanocellulose Market Outlook, By Water Purification (2022-2030) ($MN)
18 Global Nanocellulose Market Outlook, By Rheology Modifiers (2022-2030) ($MN)
19 Global Nanocellulose Market Outlook, By Flexible Electronics (2022-2030) ($MN)
20 Global Nanocellulose Market Outlook, By Food Additives (2022-2030) ($MN)
21 Global Nanocellulose Market Outlook, By Wound Dressings (2022-2030) ($MN)
22 Global Nanocellulose Market Outlook, By Specialty Papers (2022-2030) ($MN)
23 Global Nanocellulose Market Outlook, By Other Applications (2022-2030) ($MN)
24 Global Nanocellulose Market Outlook, By End User (2022-2030) ($MN)
25 Global Nanocellulose Market Outlook, By Packaging (2022-2030) ($MN)
26 Global Nanocellulose Market Outlook, By Automotive (2022-2030) ($MN)
27 Global Nanocellulose Market Outlook, By Aerospace (2022-2030) ($MN)
28 Global Nanocellulose Market Outlook, By Construction (2022-2030) ($MN)
29 Global Nanocellulose Market Outlook, By Healthcare (2022-2030) ($MN)
30 Global Nanocellulose Market Outlook, By Consumer Goods (2022-2030) ($MN)
31 Global Nanocellulose Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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