Global Nanocellulose Market is anticipated to grow significantly through 2028 due to the increasing demand from the packaging industry. In 2020, the use of packaging in the Brazilian food sectors increased by 4.2%.
The worldwide market share for nanocellulose is also being driven by the expanding demand for magic angle spinning, atomic force microscopy, TEM, and NMR from the food science, aerospace, marine, healthcare, and oil and gas sectors. While rising demand for medical products such as tampons, sanitary napkins, biopolymers, wound dressing, and bio-barriers is anticipated to fuel market expansion over the forecast period.
Increasing Demand from Automotive Industry
In polymeric materials for the automobile sector, natural fillers like nano-fibrillated cellulose and cellulose nanocrystals are employed as reinforcing fillers. Natural fillers are employed to strengthen composite materials to increase strength, stiffness, and biodegradability. A more sustainable environment may be created by the automotive sector by lowering the enormous volume of non-biodegradable trash now being dumped in landfills.
Moreover, lighter-weight cars, trucks, and buses also increase the fuel economy of vehicles. These fillers are particularly utilized in interior automotive components including door panels, parcel shelves, and dashboard trim. Therefore, the market expansion is being driven by the increasing demand for lightweight automobiles with greater fuel economy and electric vehicles.
For instance, according to the Global EV Outlook 2022, consumers spent USD250 billion on electric vehicle purchases in 2021. Furthermore, Global sales of electric cars have kept rising strongly in 2022, with 2 million sold in the first quarter, up 75% from the same period in 2021.
Growing Concern Regarding Sustainability in Packaging Materials
The U.S. Environmental Protection Agency estimates that 28.1% of the nation's total municipal solid trash is made up of containers and packaging.
Growing Demand from the Pulp & Paper Industry
With the use of wood as a raw material in the production of nanocellulose, wood-based pulp enables the creation of paper goods. In order to produce strong & lighter weight paper and board with enhanced features including reduced transparency, less porosity, better printing quality, nanocellulose is employed as an additive in the paper-making process.
In addition, kraft or decorative papers, which are also used for gift wrapping, are the main materials used for wrapping. High-quality wrapping paper with attractive printing and design aids in the effective marketing of consumer goods.
For instance, Brightly.eco estimates that the United States produces 4.6 million pounds of wrapping paper annually, with about 2.3 million pounds of that amount going to landfills.
Thus, the rise in demand from the pulp and paper industry is predicted to drive the Global Nanocellulose market during the forecast period.
Recent Developments
- In September 2022, Sulzer signed an MoU with Cellicon to enhance its groundbreaking manufacturing
technology for nano structured cellulose by the name of G2.
- An important project FiberLean on Top is being worked on by
FiberLean Technologies Ltd in January 2022. The objective of the project
is to develop a novel method for producing two-layer sheets by coating the
wet end of a paper machine.
- In June 2021, Elopak ASA, a business with roots in Norway, was
purchased by Nippon Paper Industries Co. Ltd. in order to boost the organization's
position in the liquid paper packaging sector.
- In September 2020, Celluforce announced the conclusion of a
business contract with a multinational company engaged in the cosmetics
industry for the exclusive supply of CNC for the ten years.
Market Segmentation
Global Nanocellulose Market
Company Profiles
CelluForce Inc., FiberLean Technologies Ltd, Nippon Paper Industries Co., Ltd., Borregaard AS, Cellucomp Ltd, Melodea Ltd., Blue Goose Biorefineries Inc., GranBio Investimentos SA, Stora Enso Oyj, American Process Inc. are some of the key players in the Global Nanocellulose Market.
Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in Metric Tonnes, and
CAGR for 2018-2022 and 2023-2028
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Report coverage
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Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and
trends
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Segments covered
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·
Type
·
Application
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Regional scope
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North America,
Europe, Asia Pacific, South America, Middle East & Africa
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Country scope
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United States; Mexico; Canada; France; Germany; United
Kingdom; Spain; Italy; China; India; South Korea; Japan; Vietnam; Brazil; Argentina;
South Africa; Saudi Arabia; UAE
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Key companies profiled
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CelluForce
Inc., FiberLean Technologies Ltd, Nippon Paper Industries Co., Ltd., Borregaard
AS, Cellucomp Ltd, Melodea Ltd., Blue Goose Biorefineries Inc., GranBio
Investimentos SA, Stora Enso Oyj, American Process Inc.
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Customization scope
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10% free report customization with purchase.
Addition or alteration to country, regional & segment scope.
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