Regenerated Cellulose Market 2024 Analysis By Size, Share, Growth, Trends Up To 2033

"The Business Research Company recently released a comprehensive report on the Global Regenerated Cellulose Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The regenerated cellulose market size has grown strongly in recent years. It will grow from $14.86 billion in 2023 to $16.3 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to demand for sustainable fibers, shift from synthetic to natural fibers, fashion and textile industry trends, market acceptance, rising demand in various applications.

The regenerated cellulose market size is expected to see strong growth in the next few years. It will grow to $23.15 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to sustainability focus, stringent environmental regulations, consumer preferences for green products, circular economy initiatives, evolving textile industry trends. Major trends in the forecast period include waste reduction initiatives, material innovation collaborations, corporate sustainability goals, innovative applications, consumer awareness.

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Market Drivers and Trends:

The increasing use of natural and organic textiles is expected to propel the growth of the regenerated cellulose market in the coming years. Natural and organic textiles are fabrics and materials made from natural fibers sourced from plants and organic agricultural techniques free of synthetic chemicals. Regenerated cellulose, derived from natural sources such as wood pulp or cotton linters, is commonly used in the production of natural and organic textiles. These fibers offer a balance between the benefits of synthetic and natural fibers, making them suitable for sustainable and eco-friendly textile production. For instance, in June 2022, according to the 2022 Organic Industry Survey, released by the Organic Trade Association, a US-based membership-based industry association for organic agriculture and goods, sales of organic fiber products ascended 10% year on year, totaling $2.3 billion in 2021. Therefore, the increasing use of natural and organic textiles is driving the regenerated cellulose market.

The adoption of new technologies to produce and dissolve regenerated cellulose is the key trend gaining popularity in the regenerated cellulose market. Major companies operating in the market are developing innovative technologies and products with features such as lower carbon emissions, recycling discarded clothing and textile waste into regenerated cellulose, producing regenerating cellulose fibers with ionic liquids (ILs) as the solvent and others to sustain their position in the market. For instance, in March 2022, Polyplastics Co., Ltd., a Japan-based company that manufactures plastics and polymers, launched PLASTRON LFT. Plastron LFT is produced from specially designed regenerated cellulose fibers. The ecologically friendly PLASTRON LFT provides both weight reduction and durability, allowing manufacturers to reduce their environmental impact while satisfying today's sustainability requirements. Eco-friendly resins containing natural fibers, starch, wood powder, and other plant-based and natural mineral filler ingredients are being investigated for usage in a wider range of applications. Cellulose is a potential material for reducing CO2 emissions, but its lack of strength is a barrier. Polyplastics has overcome this issue by developing LFT resins with an outstanding balance of physical qualities utilizing regenerated cellulose. Regenerated cellulose is natural cellulose that has been wet-spuned into continuous fibers..

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Major Key Players of the Market:

Natureworks LLC, Bio-On SRL, BASE SE, Tianan Plantic Technologies Limited, Asahi Kasei Corporation, CFF GmbH & Co. K.G., Grasim Industries Limited, Kelheim Fibres GmbH, lenzing AG, Corbion NV, Danimer Scientific, Yield10 Bioscience Inc., International Paper, GP cellulose LLC, Sateri, Fulida Group, Eastman Chemical Company, Synthesia, Futamura Group, AMS Group plc, Shandong Henglian New Materials, Zhejiang Kerui, Cobetter, EMD Millipore, Parkson Corporation, Hiller Separation & Process, Rotex Automation, IFS Industriefabrik Schneider GmbH, Kaisha Russell Finex, Forsberg's Inc., Schlumberger Asia Services Limited, SWECO

Regenerated Cellulose Market 2024 Key Insights:

• The regenerated cellulose market size is expected to see strong growth in the next few years. It will grow to $23.15 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%.
• Fashioning Sustainability Surging Demand For Eco-Friendly Textiles Propels The Regenerated Cellulose Market
• Tech-Driven Sustainability Innovations In Regenerated Cellulose Production Transforming The Market Landscape
• Asia-Pacific was the largest region in the regenerated cellulose market share in 2023 and is expected to be the fastest-growing region in the forecast period

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