Press release
Nanocellulose Market Forecast Report 2024 By Regional Manufacturers Nippon Paper Group Inc., Melodea Ltd., Kruger Inc., Innventia AB, Daicel FineChem Ltd., Sappi Ltd., CelluForce Inc.
Nanocellulose Market
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.
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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:
• Innventia AB
• Sappi Ltd.
• Borregard ASA
• CelluForce Inc
• Fpinnovations
• American Process Inc
• Kruger Inc
• Daicel FineChem Ltd
• Nippon Paper Group Inc
• Melodea Ltd
• J. Rettenmaire & Sohne GmBH (JRS)
• Asahi Kasei Corporation
• CelluComp Ltd.
• Nippon Paper Group
• STORA ENSO
• Spanish Red Cross
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Another driving factor for nanocellulose market is the Asia Pacific region which has a vast growing population with enormous rising income levels of consumers. Increasing number of developing countries in this region, coupled with exponential growth rates will spur the personal care and cosmetics industry in Asia Pacific. People living in the developing countries of this region have started to improve their lifestyles and standard of living due to the growth in the corporate culture. This has led to increasing awareness of personal grooming and hygiene. Rising use of cosmetic products, fragrances, and other personal care products will propel the cosmetic and personal care industry, eventually boosting the market in future.
Moreover, due to recent technological advancements and product development, there is a lesser awareness of these composites in the industry. Manufacturers in various industries do not know about these submicroscopic particles and their properties. This unawares of the product will result in slower the market growth in the forecast timespan.
- Nanocellulose Industry, By Application
• Composites
• Paper Processing
• Food & Beverages
• Paints & Coatings
• Oil & Gas
• Personal Care
• Others
Browse Report Summary @ https://www.gminsights.com/industry-analysis/nanocellulose-market
North America is said to capture over 40% share in the entire nanocellulose market by 2024 owing to technological upgradations and industrial and manufacturing developments in this region. Asia Pacific will exhibit growth at a lucrative rate to surpass USD 210 million by the end of the forecast period.
Key nanocellulose market players currently present include Nippon Paper Group Inc., Borregard ASA, Sappi Ltd., Innventia AB, Asahi Kasei Corporation, J. Rettenmaire & Sohne GmBH (JRS), Kruger Inc., Fpinnovations, CelluForce Inc., CelluComp Ltd., Melodea Ltd., Daicel FineChem Ltd., Stora Enso and American Process Inc.
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.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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