Nanocellulose Market Overview
“The Nanocellulose Market Predictable at $0.125 billion in 2022, is estimated to increase at a CAGR of 21.17% from $0.275 billion in 2023 to $1.145 billion by 2030.”
Nanocellulose, a nanoscaled form of natural cellulose, is a key component of wood-based products that can be transformed into Nanocellulose fibrils.
Nanocellulose, a solid and lightweight substance with viscous properties, is widely used in various industries like food, medicine, medical, and children's toys, replacing petrochemical-based goods and displacing specific gels or fluids in normal conditions.
Nanocellulose, derived from wood, plants, microorganisms, or algae, is a highly crystalline substance with high tensile strength and biocompatibility, making it attractive to various industries like construction, medical, and aviation. It is produced through acid hydrolysis or cellulosic waste biomass, including microorganisms, crops, and organic waste. The three main types, cellulose nanofibers (CNF), cellulose nanocrystals (CNC), and bacterial nanocellulose (BNC), are produced using various methods, with their physio-chemical characteristics varying based on size. They are commercially synthesized in Japan.
Nanocellulose is used in various products, including biomedical materials, catalytic substrates, electronic components, packaging, cosmetics, ultra-capacitors, medicines, and batteries. Its biodegradability and compatibility make it a popular material for creating robust paper. The demand for nanocellulose is driven by its outstanding mechanical qualities, including optical capabilities and tailorable surface chemistry. The two main forms of nanocellulose are cellulose nanocrystals and cellulose nanofibrils, with their unique features including low density, high tensile strength, and high thermal stability.
The global nanocellulose market is primarily driven by the expanding packaging and pharmaceutical industries, with key players utilizing research and development to broaden the sector's potential applications.
The global demand for nanocellulose materials due to their biodegradability and compatibility is increasing, with governments supporting and subsidizing the industry. Canada, the US, Australia, Sweden, and Japan have initiated technology and research programs to support nanocellulose production on a pilot and commercial scale. The US and Canadian governments' P3 Nano mission aims to encourage public-private partnerships to drive the nanocellulose market. The potential for nanocellulose in industrial applications like viscosifiers, composites, and rheology modifiers will further boost its growth.
The demand for environmentally friendly paints, composites, and coatings is increasing due to their improved absorbent qualities in healthcare applications like antimicrobial film, bio-barriers, sanitary towels, bio-polymers, tampons, and wound dressing. The oil and gas sector in North America and the personal care sector in Asia Pacific are also expanding.
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Key Takeaways
The biggest revenue share, or about 35.2%, was earned by the Europe area in 2022.
In terms of revenue, the North American market is anticipated to overtake Europe in 2022.
By type, the CNF type sector had an estimated 54.1% revenue share in 2022.
The pulp and paper board segment had a 30.6% revenue share by application in 2022.
Market Dynamics
Growth Drivers
Options for End-Use Industries to Expand Their Markets
The natural nanomaterial, nanocellulose, is known for its stiffness, strength, and high surface area. The market has seen significant advancements due to advancements in extraction technology, with research interest driven by its eco-friendly nature. The market is evolving due to increased industrial spending on discovering new nanomaterial uses.
Research organizations and industry participants highlight nanocellulose's potential in renewable textiles, nanocomposite materials, and biomedical products. The market's expansion is gaining momentum due to the rise in petroleum-derived polymers, highlighting the potential of nanocellulose in these applications.
Businesses are investing in research into commercial uses for lignin-based carbon compounds, particularly in textiles and papers. Emerging markets are experiencing optimism, accelerating the market. The chemical industry is also exploring new growth avenues by changing consumer offerings and refocusing on strategic alliances, as the market picks up.
Continuous expansion in the paper & pulp, food & beverage, and healthcare sectors
The demand for sustainable products in the paper, pulp, food, and healthcare sectors is driven by the growing awareness of technologically advanced sustainable products. Nanocellulose, a key component in the pulp and paper industry, is used extensively for white, lightweight paper production, biomedicine, personal hygiene products, and sanitary napkins and wound dressings due to its high adsorption capabilities.
Trends
The market expansion for nanocellulose can be attributed to the growing global demand for sustainable and environmentally friendly materials.
The demand for environmentally friendly products is increasing due to increased environmental consciousness among consumers, with nanocellulose emerging as a viable alternative.
The material offers a unique alternative to traditional materials like plastic and metal due to its exceptional mechanical properties, biodegradability, and non-toxic nature, making it ideal for green and sustainable products in electronics, packaging, textiles, and building.
Governments worldwide are increasing stringent regulations on non-biodegradable materials, aiming to reduce plastic waste and promote the use of renewable materials, driving the market.
Nanocellulose is a versatile material that can be utilized in various industries, including packaging, to reduce plastic waste and offer a sustainable alternative. Its adaptability makes it a promising component in advanced technologies like nanocomposites and biomedicine.
The growing number of startups in the market is driving innovation and expansion in the sector, focusing on creating new business models, addressing consumer needs, and tailoring materials to individual needs.
They are developing medical gadgets that mimic human tissue characteristics and bio-based materials for construction and automotive industries.
Startups are increasing demand and profitability in the nanocellulose market by developing new applications and tailoring the material to specific requirements.
Competitive Landscape of the Nanocellulose Market
- Celluforce INC
- Borregard
- Blue Goose Refineries
- Axcelon Biopolymers Corporation
- American Process Inc
- Oji Holdings Corporation
- Nippon Paper Industries
- FPInnovations
- Fiberlean technologie
- Rise Innventia,
- Stora Enso
Recent Developments in Nanocellulose Market
In November 2016, Cellulose INC established a new partnership agreement with Fibra, which is a Brazilian-based company. With this agreement, Fibra received the right to sell the product of Celluforce in the South African region.
In October 2018, Stora Enso procured Cellutech AB. The investment by the company helped generate Nao cellulose material for packaging applications and maintain its post in the packaging industry.
In August 2020, Stora Enso announced that it will build a pilot facility for producing Cellulose foam, a lightweight, fiber-based foam material for protective packaging and cushioning. The bio-based foams are recyclable and renewable in nature and can be used in packaging to replace oil-based polymer foams which are extensively used today. It was announced that the pilot plant will be located at Stora Enso’s Fors Mill in Sweden.
In September 2019, Researchers from the University of Girona in Spain announced the creation of bio-based superabsorbent aerogels, consisting of cellulose nanofibers and their potential application in newborn diapers.
Regional Insights
Rising Nanocellulose Uses in the Pharmaceutical and Biomedical Sectors to Boost USA Sales
North America dominates 25% of the global market for nanocellulose, driven by low-cost production facilities and research investments. The US is a key consumer in various industries, while Canada is rapidly becoming a leading producer of nanocellulose. Both countries are focusing on new uses and commercialization.
The US pharmaceutical and biological industries are expected to boost demand for nanocellulose, which is also expected to boost sales in the packaging industry.
Demand in Japan is Being Driven by Increasing Use of Nanocellulose in Electronic Devices
East Asia has made significant progress in manufacturing and consuming nanocellulose, particularly in electronics, composites, and textiles industries in recent years.
The use of natural biopolymer in electronic hubs like China, Japan, and South Korea has significantly aided the advancements in nanoelectronics, bioelectronics, and consumer electronics.
Japanese paper and pulp firms are increasing production capacity for enhanced paper and paperboard quality, leading to a 20.4% CAGR growth in the East Asian nanocellulose market by 2030.
Segments Covered in the Nanocellulose Market
Nanocellulose Market By Product
- Microfibrillated Cellulose & Nanofibrillated Cellulose
- Cellulose Nanocrystals or Cellulose Nanofibers
- Bacterial Cellulose
- Others
Nanocellulose Market By Application
- Pulp & Paper
- Composites Manufacturing
- Paints & Coatings
- Electronics Sensors
- Food and Beverage
- Biomedical & Pharmaceuticals
- Composites
- Others
Nanocellulose Market By Region
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
What is the current size of nanocellulose market?
Nanocellulose Market Predictable at $0.125 billion in 2022, is estimated to increase at a CAGR of 21.17% from $0.275 billion in 2023 to $1.145 billion by 2030.
What is the CAGR of the nanocellulose market?
The global nanocellulose market is poised to grow at a registered CAGR of 21.17% between 2023-2030.
Which are the driving factors of the nanocellulose market?
The driving factors of the nanocellulose market are the rising demand for the food & beverage, and paper & pulp industries is majorly driven by the increasing awareness and insistence on highly advanced sustainable products and market expansion options for end-use industries.
Who are the top key players operating in the nanocellulose market?
The top key players operating in the nanocellulose market are Rise Innventia, Stora Enso, Oji Holdings Corporation, Nippon Paper Industries, FPInnovations, Fiberlean technologies, Celluforce INC, Borregard, Blue Goose Refineries, Axcelon Biopolymers Corporation, American Process Inc and Others.
- Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
- Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
- Executive Summary
3.1. Market Snapshot
- Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
- COVID 19 Impact on Nanocellulose Market
5.1. COVID-19 Landscape: Nanocellulose Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
- Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
- Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
- Global Nanocellulose Market, By Product
8.1. Nanocellulose Market, by Product, 2022-2030
8.1.1. Microfibrillated Cellulose & Nanofibrillated Cellulose
8.1.1.1. Market Revenue and Forecast
8.1.2. Cellulose Nanocrystals or Cellulose Nanofibers
8.1.2.1. Market Revenue and Forecast
8.1.3. Bacterial Cellulose
8.1.3.1. Market Revenue and Forecast
8.1.4. Others
8.1.4.1. Market Revenue and Forecast
- Global Nanocellulose Market, By Application
9.1. Nanocellulose Market, by Application, 2022-2030
9.1.1. Pulp & Paper
9.1.1.1. Market Revenue and Forecast
9.1.2. Composites Manufacturing
9.1.2.1. Market Revenue and Forecast
9.1.3. Paints & Coatings
9.1.3.1. Market Revenue and Forecast
9.1.4. Electronics Sensors
9.1.4.1. Market Revenue and Forecast
9.1.5. Food and Beverage
9.1.5.1. Market Revenue and Forecast
9.1.6. Biomedical & Pharmaceuticals
9.1.6.1. Market Revenue and Forecast
9.1.7. Composites
9.1.7.1. Market Revenue and Forecast
9.1.8. Others
9.1.8.1. Market Revenue and Forecast
- Global Nanocellulose Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product
10.1.2. Market Revenue and Forecast, by Application
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product
10.1.4.2. Market Revenue and Forecast, by Application
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product
10.2.2. Market Revenue and Forecast, by Application
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product
10.2.6.2. Market Revenue and Forecast, by Application
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product
10.3.2. Market Revenue and Forecast, by Application
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product
10.3.6.2. Market Revenue and Forecast, by Application
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product
10.4.2. Market Revenue and Forecast, by Application
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product
10.4.3.2. Market Revenue and Forecast, by Application
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product
10.4.6.2. Market Revenue and Forecast, by Application
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product
10.5.2. Market Revenue and Forecast, by Application
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product
10.5.4.2. Market Revenue and Forecast, by Application
- Company Profiles
11.1. Rise Innventia
11.2. Stora Enso
11.3. Oji Holdings Corporation
11.4. Nippon Paper Industries
11.5. FPInnovations
11.6. Fiberlean technologies
11.7. Celluforce INC
11.8. Borregard
11.9. Blue Goose Refineries
11.10. Axcelon Biopolymers Corporation
- Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
- Appendix
13.1. About Us
13.2. Glossary of Terms
