Nanocellulose Market By Product Type (Nanofibrillated Cellulose (NFC), Nanocrystalline Cellulose (NCC), Bacterial Cellulose (BC), Microfibrillated Cellulose (MFC), and Other Product Types), By End-User (Paper Processing, Paints and Coatings, Oil and Gas, Food and Beverage, Composites, Pharmaceuticals and Cosmetics, and Other End Users), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Trends, Analysis and Forecast till 2034

Report Code: PMI393720 | Publish Date: April 2024 | No. of Pages: 180

Global Nanocellulose Market Overview

Nanocellulose Market was valued at US$ 432 million in 2024 and is projected to grow at a CAGR of 24.7 % to reach US$ 3933.0 million by 2034.

Nanocellulose is derived from plant matter and refers to non-structured cellulose. Cellulose, most abundant natural polymer on earth, being the main component of plant cell wall are broken down into nanoscale dimension in order to produce nanocellulose. The material of nanocellulose is the pseudo-plastic and have the properties of the specific kind of the fluids or gel which can generally thick in the normal conditions. Use of bio-based goods favors the use of nanocellulose and drives the demand. They offer high tensile strength, mechanical strength, and high surface. They are good alternatives to synthetic materials being biodegradable and sustainable.

Global Nanocellulose Market Dynamics

Rising demand for sustainable products

Properties such as being biocompatible, non-toxic, scalable make them attractive material for various application in biomedical including tissue engineering, drug delivery, personalized medicine boosts the nanocellulose market. Rapid expansion in packaging industry and requirement of sustainable and ecofriendly products also fuels the development of nanocellulose market.

In paper industry it enhances the fiber-fiber bond strength and gaining popularity in various fields such as healthcare, pharmaceuticals, cosmetics, and electronics will create growth opportunities for nanocellulose market. Development of bio-based materials for use in automotive and construction industries replacing traditional materials, creating new business models to fuel the targeted market. 

Government Regulations

Increasing stringent government regulations on use of non-biodegradable materials. Increasing government focus to reduce plastic use and shift towards biodegradable, ecofriendly and sustainable products.

Restrains of Nanocellulose Market:

Limited Commercialization

Despite its potential application in various industries, limited commercialization hinders the nanocellulose market. Lack of awareness and understanding the properties, benefits of using nanocellulose products might affect the targeted market. Absence of standardized production process and measure for quality control acts a significant restraining factor for large scale producers and limits materials commercialization and hinders the market growth.

Opportunities

Nanocellulose finds its application in automotive industry replacing heavy steel metals such as frames. Nanocellulose helps in weight reduction of interior components of vehicles.

Pulp and paper industry uses the properties of nanocellulose to create light and white paper accelerating the nanocellulose market. Superior adsorption ability makes them suitable constituent for sanitary napkins and wound dressings.

Global Nanocellulose Market Segmentation

Nanocellulose Market is segmented based on Product Type, End-Users and Region.

By  Product Type

By End-user

By Region

  • Nanofibrillated Cellulose (NFC)
  •  Nanocrystalline Cellulose (NCC)
  •  Bacterial Cellulose (BC)
  • Microfibrillated Cellulose (MFC)
  •  Other
  • Paper Processing
  • Paints and Coatings
  • Oil and Gas
  • Food and Beverage
  • Composites
  • Pharmaceuticals and Cosmetics
  • Other
  • North America - U.S., Canada
  • Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
  • Latin America - Brazil, Mexico, Argentina, Rest of Latin America
  • Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Type Insights

On the basis of Product Type, the target market is segmented into Nanofibrillated Cellulose (NFC), Nanocrystalline Cellulose (NCC), Bacterial Cellulose (BC), Microfibrillated Cellulose (MFC), and Other Product Types. Nanofibrillated cellulose derived from wood, plant waste occupies two-thirds of the segment of nanocellulose market. Extensive use in paper and paperboard, textiles boost this segment. Rapid advancements and emerging applications tend to fuel the segment.

Application Insights

On the basis of Application, the target market is segmented into Paper Processing, Paints and Coatings, Oil and Gas, Food and Beverage, Composites, Pharmaceuticals and Cosmetics, and Other. Pharmaceutical to dominate the segment of nanocellulose market due to increasing potential in wound healing, tissue engineering as well as being promising in gene therapy.

Regional Insights:

On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

  • North America market is estimated to witness a significantly high revenue share over the forecast period due to rising applications of nanocellulose in pharmaceuticals and biomedicals sectors to boost nanocellulose market is USA. Rising commercialization of low-cost production facilities along with increasing investment in R&D for developing novel technologies. Growing demand of nanocellulose in packaging industry also boost the nanocellulose market in the region.Expanding oil and gas sector of North America increases the application of nanocellulose. High consumption potential, high economic development rate, desire for eco-friendly food and beverage makes North America largest consumer followed by Europe.
  • Asia Pacific market is estimated to witness a fastest revenue share over the forecast period due to expansion offering lucrative opportunities for market players. Rising demands and need for sustainable and ecofriendly materials is the need of the hour and awareness increases the scope of nanocellulose market in the region.

Report Scope:

Attribute

Details

Base year for estimation

2024

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type , By Application

Regional scope

North America ,Europe ,Asia Pacific ,Latin America, Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

Global Nanocellulose Market Key Players

The key players operating the Nanocellulose Market includes

  • GranBio (GranInvestiomentos S.A.)
  • Axcelon Biopolymers Corporation
  • Borregaard, CelluComp
  • CelluForce
  • Chuetsu Pulp & Paper Co. Ltd.
  • Daicel Finechem Ltd.
  • Fiberlean Technologies
  • Melodea Ltd.
  • Nippon Paper Industries Co. Ltd.

Global Nanocellulose Market Key Issues Addressed

Recent Development:

The New Launched Product News,

  • In March 2023, a group of researchers from the Indian Institute of Technology Roorkee (IITR), department of polymer and process engineering have developed structural color-based sensors by making structural color from a natural resource, agro-waste sugarcane bagasse. This development is a solution to sparkling hues like holographic, pearlescent, and iridescent effects causing environmental problems by using renewable resources like sugarcane bagasse
  • In June 2022, UMaine researchers developed containers out of recyclable wood composites with a new coating made of lignin-containing cellulose nanofibrils, which improves the quality of the containers for takeout purposes while allowing the container to be properly recycled without the health risks imparted by plastic coatings or PFAS.

Global Nanocellulose Market Company Profile

  • Axcelon Biopolymers Corporation
  • Borregaard
  • CelluComp
  • CelluForce
  • Chuetsu Pulp & Paper Co. Ltd.
  • Daicel Finechem Ltd.
  • Fiberlean Technologies
  • Melodea Ltd.
  • Nippon Paper Industries Co. Ltd.

“*” marked represents similar segmentation in other categories in the respective section.

Global Nanocellulose Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product Type
      • Market Snippet, By End-User
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Product Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Nanofibrillated Cellulose (NFC)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Bacterial Cellulose (BC)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Microfibrillated Cellulose (MFC)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Nanocrystalline Cellulose (NCC)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Other Product Types
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By End-User, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Paper Processing
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Paints and Coatings
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Oil and Gas
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Food and Beverage
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Composites
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Pharmaceuticals and Cosmetics
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Other End Users
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

Overview

  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • Axcelon Biopolymers Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Borregaard
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • CelluComp
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • CelluForce
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Chuetsu Pulp & Paper Co. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Daicel Finechem Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fiberlean Technologies
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Melodea Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nippon Paper Industries Co. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Nanocellulose market is segmented based on product type, end-user, and region.

Challenges in scaling up production to meet industrial demand and the high cost associated with manufacturing and processing nanocellulose materials, limiting widespread adoption in certain applications.

The rising demand for sustainable and eco-friendly materials in various industries and the unique properties of nanocellulose, such as high strength, lightweight

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

GranBio (GranInvestiomentos S.A.), Axcelon Biopolymers Corporation, Borregaard, CelluComp, CelluForce, Chuetsu Pulp & Paper Co. Ltd., Daicel Finechem Ltd., Fiberlean Technologies, Melodea Ltd., and Nippon Paper Industries Co. Ltd.