Nanocellulose Market Size Will Exceed $418.2 million by 2026

According to a new research report by Global Market Insights, Inc., the Nanocellulose Market size will exceed USD 418.2 million by 2026; Nanocellulose has been gaining a wider acceptance as a reinforcing additive in the manufacture of paper and paperboard and as a viscosity agent in various industrial applications.
 

Increasing utility of sustainable products will result in an increased demand of Nanocellulose

Major industry players have been making significant investment to develop advanced technologies & products, which can help attain sustainability and reduce environmental threats. Regional regulatory bodies have been imposing stringent laws to reduce applications of non-biodegradable material across the packaging industry. This is primarily due to its disposable concerns, which result in increasing greenhouse gas emissions, a threat for the wellbeing of the environment.

 

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EPA has imposed law on polymer exemption under the Toxic Substance Control Act (TSCA) to encourage production of safer materials, which do not pose serious harm to the human health & environment.
 

The rising food & beverage industry is mainly attributed to rising population growth in emerging economies, which will have a significant impact on the nanocellulose market share over the forecast timeframe. This is primarily due to rapidly growing product use in food & beverage packaging applications owing to its environment-friendly characteristics.
 

Nanocellulose possess excellent features, such as biodegradability, non-toxicity, easy disposablity, anti-microbial properties, flexibility, and transparency, which make it a highly preferable packaging material in the food & beverage sector. This material can help extend the food’s shelf life and improve the food quality by preventing microbial growth. The Asia Pacific food & beverage industry constituted USD 3.60 trillion in 2009, which rose to USD 6.01 trillion in 2017. These trends are likely to help attain promising gains to the overall nanocellulose market over the forecast spell.
 

Browse key industry insights spread across 260 pages with 270 market data tables & 43 figures & charts from the report, “Nanocellulose Market Size By Product (Nanofibrillated Cellulose, Nanocrystalline Cellulose), By Application (Composites, Paper Processing, Food & Beverages, Paints & Coatings, Oil & Gas, Personal Care), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/nanocellulose-market
 

Asia Pacific will foresee burgeoning economic potential for the nanocellulose market players by 2026, with the expanding food & beverages, oil & gas and personal care industries. China, India, Japan and Australia are key countries propelling region’s nanotechnology profile till date. For example, AIST Nanocellulose Forum in Japan is focusing on cooperation among government, industry and universities.
 

High product prices compared to the conventional polymer-based packaging material mainly due to energy-intensive production process might hamper the overall nanocellulose market sales in the coming years. In addition, the COVID-19 pandemic has severely impacted the global food & beverage industry as consumption has lowered in every major market around the world. The industry is also suffering from supply chain disruptions caused by the pandemic.
 

Nanocrystalline cellulose to attain high growth

Nanocrystalline Cellulose (NCC) will hold a revenue close to USD 160 million in 2026 of the overall nanocellulose market. The cellulose occurs to be a favorable renewable biomaterial that is utilized as a reinforcing component in high performance nanocomposites by its physical incorporation into a synthetic or natural polymeric matrix. Its purity depends on the percentage of cellulose and crystallinity.
 

It possess unique optical, chemical and electrical characteristics. Its heat stability supports their utility in the high temperature applications. Relevant modifications in NCC can lead to formation of various functional nanomaterials with significantly enhanced chemical, physical, biological and electrical properties. For instance, rubber latex mixed with NCC enhances its mechanical properties and impart durability and hardness.
 

Paper processing application will generate promising revenue growth

Paper processing application segment  will grow at a stable growth rate of over 20.3% during the forecast period. Nanocellulose supplements the fiber-fiber bond resistance and facilitate reinforcement effect on paper materials. The greater surface area of the nanoparticles leads to a smoother and improved quality of printing paper. Nanocellulose performs as a strengthening agent & an additive in paper and generates stronger & denser paper.
 

Paper involving nanocellulose would need less quantities of the raw materials, less energy costs, which will result in a lower carbon footprint. By adding nanocellulose to paper and reducing the amount of other ingredients such as pulp, paper industry participants will be able to create stronger and lighter sheets.
 

Nanostructured cellulose are used to develop flexible and optically transparent paper and prove to be a desirable substrate in a range of end-user industries such as films and coatings, paper processing etc. by 2026. They are recyclable, compatible with biological objects, and easily degrades when disposed. However, the industry for paper processing shall comparatively witness sluggish growth due to emergence of strong electronic media for promotions and advertisements.
 

Europe is expected to be among the leading regional markets

Europe will constitute over 30% share in 2026 of overall nanocellulose market. The region has huge potential in cosmetics & toiletries, automotive, defense, biotechnology and electronics industries. European Union has some of the stringent laws for these products. Thus, positive regulatory environment will surge industry growth over the forecast period.
 

A growing demand within the European markets for conventional and biobased plastic compounds has improved the industrial sustainability profiles along with high performance. Various research institutions have been collaborating with the industry manufacturers to develop sustainable nanocellulose based solutions.
 

High production rate and strategic collaborations can be seen in nanocellulose market

Companies operating in the nanocellulose industryare strategically investing in increasing production to gain an edge over other competitors. In March 2017, Borregaard announced an investment of USD 14.3 million to increase the capacity of Ice Bear products in specialty cellulose. Increased market demand has ramp-up production of Borregaard's ice bear capacity to approximately 60,000 tones.
 

Furthermore, Borregaard and Sappi set forth to ramp up lignin manufacturing capacity at LignoTech South Africa by 20,000 tonnes, with an estimated investment of around USD 13 million by LignoTech. These steps will strategically strengthen the competitive position and improve product offerings to diverse markets.
 

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