< Key Hightlight >

The nanocellulose market size is expected to grow from USD 346 million in 2021 to USD 963 million by 2026, at a CAGR of 22.7% during the forecast period. The rising demand for nanocellulose is driven by consumers and retailers who are seeking to differentiate themselves by decreasing the lifecycle impact of products on the environment and improving the sustainability of the supply chain. Private and government funding has been promoting research and innovation across the nanocellulose industry. However, manufacturers are trying to overcome product standardization issues and facing regulatory barriers related to nanocellulose materials.

“MFC & NFC segment is expected to grow at the highest rate during the forecast period.”

MFC & NFC is the fastest-growing type of nanocellulose in the overall market. They have a low price, outstanding reinforcing potential, high viscosity & yield stress along with high water holding capacity. These properties of MFC & NFC are expected to help their rapid growth in the coming years. On the other hand, NCC helps to enhance various properties such as strength and shine of the materials that it is added to. Hence, the NCC type of nanocellulose is expected to grow at the second-highest rate during the forecast period. 

“Wood-based nanocellulose are utilized at large scale in manufacture of non-woven fabric materials”

Wood currently holds the lion’s share in the market. Easy availability of the raw material resource across the globe along with support from governments to improve the value proposition from their forest resources has propelled the utilization of wood for manufacture of nanocellulose. On the other hand, as unchatered usage of wood resources is coming under scrutiny from environmental organizations, R&D on development of nanocellulose from bacteria and other bio-based sources is also gaining impetus in the global marketplace.

“Composites to be the fastest-growing application of nanocellulose market during the forecast period.”

Nanocellulose can be used as a filler or reinforcement in composite materials. Nanocellulose possess outstanding properties compared to Kevlar or steel wires, which are commonly used as reinforcements in composite materials. Moreover, nanocellulose reinforcement composite materials reduce the weight and retain the performance of final products. This drives the use of nanocellulose in the composite's application.

“Europe is expected to register the highest growth during the forecast period.”

Europe is expected to register the highest growth during the forecast period due to the vast pulp & paper industry. The region consists of countries such as Finland, Sweden, and Norway, which are among the largest pulp producing countries in the world. These countries of the area are providing substantial growth opportunities for the nanocellulose market in pulp & paper applications. Further, composites, biomedical & pharmaceuticals, electronics & sensors, oil & gas, and cosmetics are also the emerging applications of nanocellulose in the region, which is expected to further propel the demand for these nanomaterials in the near future.

In-depth interviews were conducted with chief functional officers (CXOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the nanocellulose market. 

• By Company Type - Tier 1: 55%, Tier: 27%, and Tier 3: 18%

• By Designation - D Level: 18%, C Level: 36%, Others: 46%

• By Region – Europe: 35%, APAC: 10%, North America: 45%, RoW – 10%

Major players profiled in this report

• Fiberlean Technologies (UK)

• Borregaard (Norway)

• Nippon Paper Group (Japan)

• Celluforce Inc. (Canada)

• Kruger Inc. (Canada)

• Stora Enso (Finland)

• RISE Innventia (Sweden)

• American Process Inc. (US)

• FPInnovations (Canada)

• UPM (Finland)

• Melodea (Israel)

• Cellucomp (Scotland)

• Blue Goose Refineries (Canada)

• Oji Holdings Corporation (Japan)

• VTT (Finland)

• SAPPI (South Africa). 

Research Coverage:

The market study covers the nanocellulose market and its segments. It aims at estimating the market size and the growth potential of this market on the basis of type, raw material, application, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report would help the market leaders/new entrants in the following ways:

1. This report segments the nanocellulose market comprehensively and provides the closest approximations of the overall and segment-based market sizes across different types, applications, raw materials, and regions.

2. The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities for the growth of the market.

3. This report would help stakeholders understand their competitors better and gain more insights to enhance their market position. The competitive landscape section includes competitor ecosystem, along with product launches, mergers and acquisitions, partnerships, and contracts strategies implemented by the major players in the market.