Nanocellulose Market 2018-2024 Growth & Regional Revenue By Global Players Kruger Inc., Sappi, Stora Enso, American Process Inc, FPInnovations

In the nanocellulose market, nanofibrillated cellulose segment is said to gain the highest share of over USD 540 million by 2024 owing to its superior properties. Bacterial nanocellulose will grow at a highest CAGR of over 40% to capture a market share close to USD 27 million by 2024.

The composites segment is said to gain market share slightly lesser than 40% by the end of the forecast spell wing to its huge applications. In terms of revenue, the food and beverage segment is said to surpass USD 90 million by 2024 in the overall nanocellulose market. In terms of revenue, oil & gas segment is said to grow at a highest CAGR in the future years.

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Nanocellulose Market size will likely surpass USD 1 billion by 2024; according to a new research report by Global Market Insights, Inc. Nanocellulose industry is driven by its applications in the food & beverage packaging materials, due to its exceptional characteristics which help prevent the food content spoilage and blocks the oxygen entry in it. Moreover, the product is used to substitute polystyrene-based foams and also helps improving the shelf life, thus improving the overall food quality.

An innovative packaging technology well known as “active packaging” integrates the usage of these nanocellulose in packaging materials which aid to regulate the food bacterial external contamination. This technology is fascinating a huge attention in the food packaging industry due to the rising buyer demands for preservative-free and minimum processed eatables. Furthermore, the nanocellulose market will further be augmented by the integration of nanomaterials in food packaging. This will lead to a reduction in food waste as it preserves the freshness of packed food.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Innventia AB
2. Sappi Ltd.
3. Borregard ASA
4. CelluForce Inc
5. Fpinnovations
6. American Process Inc
7. Kruger Inc
8. Daicel FineChem Ltd
9. Nippon Paper Group Inc
10. Melodea Ltd
11. J. Rettenmaire & Sohne GmBH (JRS)
12. Asahi Kasei Corporation
13. CelluComp Ltd.
14. Nippon Paper Group
15. STORA ENSO
16. Spanish Red Cross

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Food packaging industry to exhibit major growth opportunities for nanocellulose market players

Global environmental concerns pertaining to reduction of carbon footprints has been one of the most pivotal factors uplifting nanocellulose demand from packaging sector. Imposition of stringent regulations via regulatory bodies to rule out the usage of non-biodegradable packaging materials especially in the food & beverages industry has been the significant driving force behind nanocellulose industry expansion. On this note, it is prudent to mention that nanocellulose, as a food packaging material in this growing sector exerts lucrative investment opportunities, given the material’s ability to extend shelf life & preserve food.

Incorporation of nanocellulose into polymer films is in fact, attracting much attention within the F&B industry, chiefly on the cusp of increasing consumer demand for preservative-free and minimally processed products. Taking into consideration these facts, it goes without saying that nanocellulose has emerged as a viable alternative that can improve environmental footprint of several industries by replacing petrochemical-based or synthetic materials.

A study conducted by the Global Greenhouse Gas Emissions states that around 10.5% of the environmental pollution is due to fossil fuel retrieval, processing and distribution, while over 18.5% is due to industrial processes. Owing to these environmental concerns, the benefits of nanocellulose-based packaging materials have been considered at a wider scale. Allegedly, the long-term use of such materials for packaging could, in turn, help combat the costs, unsustainability, and disposing challenges that the industry usually faces.

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Nanocellulose demand from the food industry is not only witnessed across the packaging sector but also as an important ingredient that is used as low-calorie substitute for carbohydrates additives, thickener, flavor carrier, and suspension stabilizer in food products. In fact, estimates claim that nanocellulose market accounted over USD 7.5 million from the food applications in 2016 and is further anticipated to garner hefty proceeds in the coming years. Apart from food industry, composites, cement, automobile, hygiene and textile are also some sectors that are poised to hold high adoption potential down the line.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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