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Global Nanocellulose Market Is Expected To Grow Steadily At CAGR Of 21% In The Forecast Period Of 2021-2026

01-17-2023 07:38 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Expert Market Research

Global Nanocellulose Market Is Expected To Grow Steadily At CAGR

The new report by Expert Market Research titled, ''Global Nanocellulose Market" Report and Forecast 2021-2026', gives an in-depth analysis of the global nanocellulose market, assessing the market based on its segments like product, application and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

Request a free sample copy in PDF or view the report summary@

The key highlights of the report include:

Market Overview (2021-2026)

Historical Market Size (2020): USD 295 million

Forecast CAGR (2021-2026): 21 %

Forecast Market Size (2026): USD 932 million

Nanocellulose is a renewable and cost-effective material that can meet the increasing demand in the lightweight packaging industry for biodegradable packaging. Its high strength and stretchability are increasing its popularity in the packaging industry. The food and beverage sector is rapidly expanding, which is fueling the development of the nanocellulose industry.

Increasing global understanding of biodegradability, as well as more stringent government regulations for sustainable development, are expected to accelerate the growth of the nanocellulose industry in the near future.

Since nanocellulose-based paper has improved properties such as better printing quality, lower transparency, and decreased porosity, the paper and pulp industry is seeing an increase in demand for nanocellulose. During the outbreak of the COVID-19 pandemic, nanocellulose has seen increased demand from the biomedical and pharmaceutical industries, bolstering market growth.

Explore the full report with the table of contents@

Industry Definition and Major Segments

Nanocellulose is a light solid material made from plant matter that is made up of nanosized cellulose fibrils. Nanocellulose is cellulose that has been nanostructured. The nano-structured cellulose is referred to as nanocellulose. In nature, nanocellulose is a pseudoplastic with the properties of various types of thick gels or fluids.

Based on product, the market is bifurcated into:

Nanocrystalline Cellulose (NCC)
Nanofibrillated Cellulose (NFC)
Bacterial Cellulose (BC)

Based on application, the market is categorised into:

Composites and Packaging
Pulp and Paper
Food and Beverages
Paints and Coatings
Biomedical and Pharmaceuticals
Oil and Gas

The regional markets for nanocellulose include:

North America
Asia Pacific
Latin America
Middle East and Africa

Market Trends

The rising demand for nanocellulose from the pulp and paper industry is boosting the European nanocellulose industry. Furthermore, key players' growing investments in research and development in European regions are increasing demand for nanocellulose in the area.

North America is also a significant regional market for cellulose. The increasing commercial construction sector and renovation projects in North America are due to the regional market's growth. The rapidly expanding paints and coatings industry, food and beverage industry, and cosmetics sector are also expected to drive the growth of the North American nanocellulose industry.

Key Market Players

The major players in the market are CelluForce Inc, Nippon Paper Industries Co. Ltd, Kruger Inc, Sappi Europe SA, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, mergers and acquisitions, among other latest developments of these market players.

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Media Contact:

Company Name: Claight Corporation
Contact Person: Frara Prih, Corporate Sales Specialist - U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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