Nanocellulose Market

Nanocellulose is referred to as the nano-structured cellulose obtained from natural plant-based polymer. This novel material currently exists in different forms, including microfibrillated cellulose (MFC), nanocrystalline cellulose (NCC), bacterial nanocellulose BNC, nanofibrils cellulose (NFC), amorphous nanocellulose (ANC), and cellulose nanoyarn (CNY), among other. Nanocellulose is a lightweight and non-toxic material with high tensile strength and absorbent properties. They are used in a wide range of industries, including pharmaceutical, food packaging, and cosmetic, among others. The global market for nanocellulose has been segmented on the basis of its type, application, and by its geographical location or region.

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The global nanocellulose market is anticipated to witness significant growth over the forecast period owing to the widespread application of the nanocellulose in various industries including paper & pulp, cosmetic, pharmaceutical, electronics, and oil & gas, among other. Several beneficial properties of nanocellulose including ease to dispose, higher transparency and flexibility, and high mechanical strength are driving the growth of the nanocellulose market. Rising environmental concerns and the increasing inclination of companies towards the use of bio-based products are further propelling the demand for nanocellulose.

The rising food & beverage industry and the increasing health concern are anticipated to be a notable factor contributing to the growth of the nanocellulose market. This is mainly due to the increasing use of nanocellulose as thickeners, flavor carriers, and suspension stabilizers. Additionally, the rising packaging industry, along with the growing need for sustainable packaging materials, will further surge the market growth during the forecast period. However, the lack of awareness among consumers and lack of product standardization are likely to hamper the growth of the nanocellulose market.

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Based on type, the market is segmented into MFC (microfibrillated cellulose) & NFC (nanofibrils cellulose), CNC/NCC (nanocrystalline cellulose), and others. Among these, the MFC & NFC segment is expected to grow at a higher CAGR during the forecast period owing to the numerous features offered by it, such as more flexibility, longevity, and larger surface area as compared to any other fibers. They are increasingly used for different applications in a variety of industries ranging from food, biodegradable food packaging, and other medical and pharmaceutical applications.

Based on application, the market is segmented into pulp & paper, composites, biomedical & pharmaceutical, electronics & sensors, and others. Among these, the Pulp & paper segment is projected to experience higher CAGR during the forecast period owing to the extensive application of nanocellulose as additives in papermaking to produce lighter and stronger paper and board. The paper with nanocellulose materials has numerous remarkable properties, including higher printing quality, less porosity, and lower transparency. Additionally, the paper products made of nanocellulose are being increasingly used as packaging materials as they are highly biodegradable and sustainable with low environmental impacts.

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Based on the region, Asia-Pacific region is anticipated grow at a higher CAGR during the forecast period due to the growing population, rise in per capita disposable incomes, and the increasing number of industries paper, pharmaceutical, cosmetics, oil & gas, food, electric, and electronics, especially in the developing countries including China, India, Sri Lanka, and Indonesia. Additionally, China, Japan, and Korea are some of the leading markets for the beauty and cosmetics industry in the APAC region. The increasing awareness for health, wellness and beauty, coupled with the growing use of nanocellulose as composite coating agent in cosmetics for nails, hair, eyebrows, or eyelashes are further supporting the market growth in the region. On the other hand, North America is expected to dominate the global nanocellulose market during the forecast period. The strong demand for sustainable packaging solutions and biomedicines has led to an increase in the application of nanocellulose, particularly in the packaging and pharmaceutical industry. This factor is contributing to the growth and development of the nanocellulose market in this region.

Various notable players operating in the global nanocellulose market include Nippon Paper Industries Co., Ltd., Fiberlean Technologies, GranBio, Borregard Group, Celluforce, Kruger Inc., Stora Enso Oyj, Oji Holdings Corporation, VTT Technical Research Centre of Finland Ltd., and FPInnovations, among others. 

Key Developments: 

• • In 2020, VTT Technical Research Centre of Finland Ltd. has developed a thermocell material that is similar to plastic and is made from cellulose and fatty acids. The company was working in cooperation with dairy company Arla Foods, food and drink company Paulig and packaging company Wipak for the development of this product. This material can be used for food packaging in the food & beverages sector.
  • GranBio Technologies, an American subsidiary of Brazilian GranBio, entered into a partnership with Aditya Birla Group, which is one of the largest carbon black suppliers in the world. This partnership is to supply nanocellulose compound, made from biomass, to the tire and rubber industry, for replacing carbon black, and oil byproduct. This partnership will help both companies in strengthening its customer base in India and other Asia-pacific countries.
  • In 2019, Nippon Paper Industries Co., Ltd. announced the construction of a new manufacturing facility for the functional cellulose product carboxymethyl cellulose (CMC) at the Gotsu Mill, Gotsu City, Japan. The product name is SUNROSE and the manufacturing plant is planned to be completed in November 2020.
  • In 2019, GranBio, Brazil-based industrial biotechnology company acquired 100% equity in American Process, one of the leading companies in nanocellulose technology. This acquisition will enhance the product portfolio of GranBio in the field of biofuels, biochemicals, and advanced renewable materials including nanocellulose.

The global Nanocellulose market has been segmented on the basis of type, end-use industry, and regions. Based on the type, the market is segmented into MFC (microfibrillated cellulose) & NFC (nanofibrils cellulose), CNC/NCC (nanocrystalline cellulose), and others. Based on application, the market is segmented into pulp & paper, composites, biomedical & pharmaceutical, electronics & sensors, and others.

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Key questions answered in this research report:

• • At what pace is global Nanocellulose market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Nanocellulose market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Nanocellulose market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various crop types of global Nanocellulose market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Nanocellulose Market by Type

• • MFC & NFC
  • CNC/NCC
  • Others

Global Nanocellulose Market by Application

• • Pulp & Paper
  • Composites & Packaging
  • Biomedical & Pharmaceuticals
  • Electronics & Sensors
  • Others

Global Nanocellulose Market by Region

• • North America Nanocellulose Market (Option 1: As a part of the free 25% customization)
    • North America Market by Type
    • North America Market by Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Nanocellulose Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Type
    • Europe Market by Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Nanocellulose Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Type
    • Asia-Pacific Market by Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Nanocellulose Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Type
    • RoW Market by Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Nanocellulose Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Nippon Paper Industries Co., Ltd.
  • Fiberlean Technologies
  • GranBio
  • Borregard Group
  • Celluforce
  • Kruger Inc.
  • Stora Enso Oyj
  • Oji Holdings Corporation
  • VTT Technical Research Centre of Finland Ltd.
  • FPInnovations