Nanocellulose Market to be Dominated by Packaging application through 2028
Growing demand from the packaging sector is expected to drive
the Global Nanocellulose Market in the forecast period, 2024-2028
According to TechSci Research report, “Nanocellulose Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028,” the Global Nanocellulose
Market is anticipated to grow at an impressive rate in the forecast period, 2024-2028.
A significant factor fueling the growth of the Global Nanocellulose Market is increasing
demand from packaging industry. As growing demand for eco-friendly and
anti-plastic packing from various consumers, the packaging industry start
production of sustainable packaging material made from natural source and which
provides superior
resistance to microbial contamination with a degradability advantage, therefore
nanocellulose plays a vital role to fulfil this requirement. The use of nanocellulose is expected to expand
in the next years due to increasing demand from various sectors like biomedical
& pharmaceutical, pulp & paper, and automotive which will further fuel
the growth of Global Nanocellulose Market. For instance, according to Packaging World,
Papair, a German packaging company manufactures a paper alternative to conventional
plastic bubble wrap. With
an increasing demand for sustainable and eco-friendly solutions, the growth of Global
Nanocellulose Market will be fueled in the future.
Furthermore, the market is being further
stimulated by the extensive use of nanocellulose in the aerospace and oil &
gas sectors.
However, the high production
cost can
slow down market growth. Also, a lack of technical expertise and awareness can further slow down
market growth.
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Global Nanocellulose Market is segmented
based on type, application, and region.
Based on type, the market is fragmented
into crystalline nanocellulose, cellulose nanofibers, bacterial cellulose, and
others. Cellulose Nanofibers are expected to hold the largest market share in
the forecast period, 2024-2028. Cellulose Nanofibers are longer, more flexible,
and have a larger surface area than other fibers.
Based
on application, the
market is segmented into pulp & paper, biomedical & pharmaceutical, packaging,
and others. Pulp & Paper segment will experience the highest market share
during the forecast period, 2024-2028. Nanocellulose is used as an additive in
producing lighter and stronger paper and cardboard owing to its low production cost,
abundant availability, and eco-friendly nature.
Major companies operating in the Global Nanocellulose
Market are:
- 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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“Europe region is expected to
grow at the highest rate during the forecast period. This is due to the increasing
demand for pulp and paper as well as the restrictions on single-use plastic
packaging as well as increasing demand for lightweight passenger cars in the
region. Moreover, the preference for environmentally friendly food and beverage
packaging is also contributing to market growth. Also,
in North America the increasing demand for nano fibrillated cellulose
nanomaterials is getting a grip for the production of high-strength cement and
construction composites,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Nanocellulose Market- Global Industry Size, Share,
Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Crystalline
Nanocellulose, Cellulose Nanofibers, Bacterial Cellulose, Others), By
Application (Pulp & Paper, Biomedical & Pharmaceutical, Packaging,
Others), By Region,” has evaluated the future
growth potential of Global Nanocellulose Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision-makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Nanocellulose Market.”
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