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Nanocellulose Market Is Booming Worldwide | Sappi, Stora Enso, American Process Inc, FPInnovations, Kruger Inc.

Nanocellulose Market

Nanocellulose Market

Global Market Insights, Inc., that claims the global nanocellulose market to surpass a billion-dollar frontier by 2024, with an estimated CAGR of 33.9% over 2017-2024. 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.

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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.

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.

- Nanocellulose Market, Product By Application

• Nanofibrillated Cellulose
• Nanocrystalline Cellulose
• Bacterial Nanocellulose

- Nanocellulose Industry, By Application

• Composites
• Paper Processing
• Food & Beverages
• Paints & Coatings
• Oil & Gas
• Personal Care
• Others

Browse Report Summery @ https://www.gminsights.com/industry-analysis/nanocellulose-market

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.

Quite unsurprisingly, based on its incredible properties and environment quotient, the nanocellulose market players are increasingly emphasizing on expanding its end-use spectrum and product platform. According to reliable reports, nanocellulose market has already witnessed remarkable application in ultra-absorbent aerogels, ultimate body armor, future filters, super-flexible screens, bendable batteries, incredibly fuel-efficient cars and biofuel. With these prominent applications taking shape rather swiftly in the recent years, the global nanocellulose industry is deemed to experience a profound commercialization portfolio.

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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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