Global Nanocellulose Technology Market - 2023-2030

Global Nanocellulose Technology Market - 2023-2030

Global Nanocellulose Technology Filtration Market reached US$ XX million in 2022 and is expected to reach US$ XX million by 2030, growing at a CAGR of XX% during the forecast period 2023-2030.

Nanocellulose technology provides a platform for research and technological innovations in nanocellulose- particles for developing cellulose nanocomposites with improved performance and new functionality. Cellulose nanoparticles provide a unique building block on which a new biopolymer composites industry is based.

Nano-cellulose is widely preferred for its enhanced mechanical, thermal, and structural properties. Other features such as high aspect ratio, biodegradability, low density, and homogeneity make nano-cellulose capable of being used in a wide range of application areas.

Market Dynamics: Drivers & Restraints

Increase in the demand for personal care products and cosmetic products

The increase in the demand for personal care products and cosmetic products is expected to drive market growth. Bacterial nanocellulose (BNC) has gained an increased demand as a promising candidate to replace synthetic polymers that are commonly used in cosmetics.

Nanocelluloses are integrated into skincare, cosmetics, and health monitoring products as alternative biopolymers to replace synthetic polymers such as polyethylene, polyacrylamides, and nylon.

For instance, in October 2022, Croda in partnership with Canadian company Anomera launched ChromaPur CV2 and ChromaPur CV7, two new spheroidal cellulose powders that offer a sustainable and functional replacement to plastic microbeads in skin care and color cosmetic applications. Thus, the above factors are expected to drive market growth during the forecast period.

Restraint

The high production cost of the material

The high production costs and the stringent regulations on the quality of the products are expected to hinder market growth. The high production costs can influence the overall market growth by reducing the customer's accessibility to the products.

Segment Analysis

The global nanocellulose technology market is segmented based on product type, application and region.

Food and Beverage Industry segment accounted for 34.3% of the market share

In the food and beverage industries, consumers require high-quality food products. Nanocellulose can be used as an ingredient in developing healthy, sustainable, and safe food and beverages, to meet consumer demand for food and beverages.

An increase in the applications of nanocellulose in the food industry is expected to hold the dominant position in the market share. Cellulose nanocrystals (CNC) can form stable emulsions to improve product texture and suspension quality, and CNC, a renewable material, has potential applications in the development of biodegradable packaging materials.

Geographical Analysis

North America is expected to hold a significant position in the global nanocellulose technology market share

North America is expected to hold the dominant position in the market share. Nano cellulose has emerged as a sustainable packaging material due to its strength, biodegradability, and non-toxic nature of the material which makes it one of the best materials for the packaging of the products.

The presence of large manufacturers in the region and the increase in the demand for pharmaceutical products and personal care products in the region is expected to hold the region in the dominant position during the forecast period. Various industries such as packaging and electronics are also expected to demand the nanocellulose.

For instance, according to the report published by the U.S. DEPARTMENT OF AGRICULTURE (USDA), it is estimated that the annual U.S. market potential for identified applications of nanocellulose is estimated as 6.4 million metric tons. Thus, the above factors are expected to hold the region the dominant market share.

COVID-19 Impact Analysis

COVID-19 has had an unprecedented impact on the nanocellulose technology market growth. The companies other than pharmaceutical industries were impacted by the COVID-19. Many of the manufacturing and food industries have been shut down due to the lockdown, the production has been halted due to the scarcity of raw materials. Supply chains have been interrupted between the countries due to the stringent regulations across borders. Thus, COVID-19 has declined the market growth.

Market Segmentation

By Product Type
• Nano Fibrillated Cellulose
• Nano Bacterial Cellulose
• Nano Crystalline Cellulose

By Application
• Food and Beverage Industry
• Packaging Industry
• Oil and gas industry
• Pharmaceutical Industry
• Personal Care
• Electronics Industry
• Paper Processing Industry
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Competitive Landscape

The leading companies with a significant market share include Borregaard, American Process Inc., Celluforce Inc, Sappi Ltd, Oji Holdings Corporation., Melodea Ltd., Daio Paper Corporation., FP Innovations, NIPPON PAPER INDUSTRIES CO., LTD., Granbio Investimentos S.A. among others.

Key Developments
• In February 2023, Bioweg and Ginkgo Bioworks collaborated to optimize the production of bacterial cellulose and to produce novel variants of cellulose with improved performance to serve a variety of end markets.

Why Purchase the Report?
• To visualize the global nanocellulose technology market segmentation based on product type, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of nanocellulose technology market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global nanocellulose technology market report would provide approximately 53 tables, 51 figures, and 180 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies