Press release
Nanocellulose Market, worth USD 700 Mn. in 2024, is expected to grow to USD 3890 Mn. by 2032, with a 23.9% CAGR
Nanocellulose Market
The global nanocellulose market is poised to soar from USD 700 million in 2024 to an estimated USD 3.89 billion by 2032, registering a robust CAGR of 23.9% (2025-2032) . This dramatic growth reflects mounting demand for eco-friendly, high-performance biomaterials across packaging, automotive, biomedical, electronics, and more. Nanocellulose forms like NFC, NCC, and BNC are gaining traction due to biodegradability, strength, and large surface area.
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►Competitive Landscape
Leading players such as CelluForce Inc., American Process Inc., UPM-Kymmene, Nippon Paper, and Daicel are ramping up production for applications in coatings, automobile interiors, cosmetics, and packaging.
Higher Demand Region:
Europe remains the largest market share-holder in 2024, while Asia Pacific is emerging as the fastest‐growing region.
►Regional Insights
♦ United States - Growth & Consolidation
The U.S. market benefits from investments in cosmetics/personal care applications. American Process Inc. leads domestic innovation in nanofibrillated and nanocrystalline cellulose.
Consolidation: American Process expanded capacity in 2024 through strategic partnerships with agricultural biomass suppliers.
Updation: In 2023, the company expanded its R&D team to improve cost-effective CNF production.
♦ Asia Pacific - Opportunity & Acquisition
Asia Pacific is set to post the fastest growth, fueled by government R&D funding and shifting industry landscapes.
Acquisition: In April 2025, Daicel Corporation launched BELLOCEA BS7, a biodegradable cosmetic enhancer, signaling acquisition interest in high-value CNF assets.
Updation: Nippon Paper Industries debuted a CNF‐based supercapacitor at Expo 2025 Osaka in March 2025.
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♦ 🇪🇺 Europe - Trends & Strategic Alliances
Europe holds the largest revenue share in 2024 thanks to sustainability policies and strong pulp/paper use.
Consolidation: UPM‐Kymmene is scaling production of CNF/CNC for packaging upgrades.
Opportunity: The pulp industry is actively partnering with CelluComp, Borregaard, and Stora Enso on next-gen barrier films and biocomposites.
♦ Middle East & Africa - Trends & Collaborations
MEA is emerging steadily, complemented by sustainable packaging and hygiene initiatives.
Trends: Major manufacturers from Europe and North America are forming joint ventures with local entities in South Africa and GCC markets.
Updation: R&D collaborations are underway to further develop CNF for region-specific food packaging and medical-grade composites.
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► Market Segmentation: In-Depth Analysis:
by Type
Nanofibrillated cellulose
Bacterial nanocellulose
Nanocrystals cellulose
by Application
Pulp & paper
Composite & packaging
Biomedical & pharmaceuticals Electronics & sensors
Others
by Raw Material
Wood Pulp
Hemp
Cotton
Algae
Others
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-nanocellulose-market/16711/
► Learn about the top players driving innovation in the Market :
North America
1. American Process Inc. (United States)
2. CelluForce (Canada)
3. Kruger Inc. (Canada)
4. Blue Goose Biorefineries Inc. (Canada)
Europe
1. Borregaard (Norway)
2. Stora Enso (Finland)
3. UPM-Kymmene Oyj (Finland)
4. Innventia (now RISE Bioeconomy) (Sweden)
5. J. Rettenmaier & Söhne GmbH (Germany)
6. VTT Group (Finland)
7. CelluComp (UK)
8. FiberLean Technologies Ltd. (UK)
Asia Pacific
1. Nippon Paper Industries (Japan)
2. Oji Holdings Corporation (Japan)
3. Diacel FineChem (Daicel Corp.) (Japan)
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► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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