The global nanocellulose market size is set to reach USD 474.8 million in 2023. Between 2023 and 2032, global nanocellulose sales will thrive at 19.1% CAGR. Total market valuation at the end of 2033 is forecast to reach USD 2,725.5 million.
In 2022, the worldwide nanocellulose market value crossed USD 398.4 million. Burgeoning demand for nanocellulose across various industries will drive the global market forward.
In recent years, rising environmental concerns due to high usage of non-renewable petroleum-based materials have prompted people to look for sustainable bio-based materials. This has put nanocellulose market into limelight.
Nanocellulose has emerged as an ideal alternative to various synthetic materials. This is due to its unique properties which include high surface area, excellent mechanical strength, tunable surface chemistry, biodegradability, and renewable nature.
A lightweight solid substance derived from plant matter which comprises nano cellulose fibrils is known as nanocellulose. Nanocellulose is generally derived from the most abundant natural polymer on earth i.e., cellulose.
There are generally three types of nanocellulose that are being used across various industries. This includes cellulose nanofibers (CNF), also referred to as nanofibrillated cellulose (NFC), bacterial nanocellulose, and cellulose nanocrystal (CNC).
Nanocellulose consists of extremely small nanoscale fibers or particles with high tensile strength, making it an ideal material for various applications. Its properties, including optical transparency, low thermal expansion, and high mechanical strength, make it suitable for electronics applications.
Similarly, its biocompatibility, non-toxicity, scalability, and unique properties make it an attractive material for biomedical applications. This includes tissue engineering, drug delivery, and personalized medicine.
Growing demand for sustainable products with better features is likely to bolster nanocellulose sales through 2033. Rapid expansion of packaging industry coupled with rising need for environmentally & sustainable friendly packaging solutions will foster market development.
Widening applications of nanocellulose in paper industry will boost the global market. Nanocellulose is being increasingly used in paper manufacturing to enhance the fiber-fiber bond strength. It is also gaining popularity as a barrier in grease-proof type papers.
Nanocellulose enhances the mechanical properties of resins, rubber latex, starch-based matrixes, etc. As a result, it has become a suitable material for reinforcing plastics and other composites.
Nanocellulose has also become an ideal low-calorie replacement for carbohydrate additives in various food items. It is useful for manufacturing wafers, fillings, soups, gravies, etc. Thus, growing applications in food industry will elevate nanocellulose demand.
Widening applications in healthcare, pharmaceutical, and cosmetic sectors will create growth opportunities for nanocellulose manufacturers. Further, growing usage in electronic devices and textiles will trigger nanocellulose sales.
| Attribute | Key Insights |
|---|---|
| Estimated Global Nanocellulose Market Size (2023) | USD 474.8 million |
| Projected Market Value (2033) | USD 2,725.5 million |
| Value-based CAGR (2023 to 2033) | 19.1% |
| Collective Value Share: Top 5 Countries (2023E) | 45-50% |
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Global sales of nanocellulose are set to increase at 19.1% CAGR between 2023 and 2033, in comparison to 10.2% CAGR registered from 2018 to 2022. Rising applications of nanocellulose across industries such as healthcare, packaging, etc. is driving the global market.
Collaboration and partnerships between manufacturers and end users can create numerous opportunities in the market. Adoption of these strategies will result in exchanging knowledge and expertise, and jointly developing innovative products and applications that meet specific market needs.
Likewise, the expansion of applications and customization/innovation can lead to increased demand for the product and new opportunities for growth. Customization and innovation can also create new products and applications that cater to specific needs and markets, leading to differentiation from competitors and increased profitability.
To achieve growth and profitability, tapping into new markets and creating sustainable and eco-friendly products that meet the growing demand for such materials will be crucial. These factors are likely to make the nanocellulose industry even more lucrative in the coming years.
The growth of the nanocellulose market can be attributable to a variety of reasons. This includes rising global demand for environmentally friendly and sustainable materials.
As customers become more environmentally concerned, there is an increasing demand for environmentally friendly products, and nanocellulose provides a feasible alternative.
Because of its remarkable mechanical properties, biodegradability, and non-toxic nature, it is an intriguing option for traditional materials such as plastics and metals. Its distinct qualities make it a great material for environmentally friendly and sustainable goods in industries such as packaging, textiles, building, and electronics.
Another factor driving the market is increasing government regulations on the use of non-biodegradable materials. Governments around the world are implementing regulations to reduce plastic waste and encourage the use of sustainable materials.
The use of nanocellulose in various industries, such as packaging, can help reduce plastic waste and offer a more sustainable alternative. The versatility of the product has also made it a promising material in the development of advanced technologies, such as nanocomposites, nanoelectronics, and biomedicine, further driving its demand.
The growing trend of startups in the market is driving innovation and growth in the industry. New startups focus on developing new applications for the material, customizing it to meet specific needs, and creating new business models to cater to changing market demands.
They are also developing bio-based materials for use in the automotive and construction industries and medical devices that mimic the properties of human tissue, among others.
By developing new applications and customizing the material to meet unique needs, startups are increasing demand and profitability in the nanocellulose industry.
The limited commercialization of nanocellulose production is hindering the market growth of this promising material. Despite its potential applications in various sectors, including packaging, textiles, construction, and biomedicine, the commercialization of these applications remains limited.
The lack of standardized and scalable production processes is one of the main reasons for this limited commercialization. The production process is complex and involves several stages, such as raw material pretreatment, chemical or mechanical treatments, and drying.
The absence of standardized production processes and quality control measures is a significant hindrance to large-scale production and limits the material's commercialization potential.
The limited commercialization of the product can also be attributed to the lack of awareness and understanding of the material's properties and potential applications. As a relatively new market, certain potential customers are not aware of the unique properties and benefits of nanocellulose. This is slowing down demand for nanocellulose-based products and subsequently limits the market expansion.
Overcoming these challenges by developing standardized production processes and increasing awareness of the material's unique properties could help unlock the full potential of the product and drive its market growth.
| Country | USA |
|---|---|
| Market Share (2023) | 17.7% |
| Market Share (2033) | 16.1% |
| BPS Analysis | -160 |
| Country | Canada |
|---|---|
| Market Share (2023) | 9.9% |
| Market Share (2033) | 9.3% |
| BPS Analysis | +60 |
| Country | China |
|---|---|
| Market Share (2023) | 7.7% |
| Market Share (2033) | 9.7% |
| BPS Analysis | +200 |
| Country | Japan |
|---|---|
| Market Share (2023) | 8.6% |
| Market Share (2033) | 10.4% |
| BPS Analysis | +180 |
| Country | India |
|---|---|
| Market Share (2023) | 3.3% |
| Market Share (2033) | 4.5% |
| BPS Analysis | +120 |
Rising Applications of Nanocellulose in Pharmaceutical & Biomedical Sectors to Boost Sales in the USA
North America, spearheaded by the USA, commands a significant market share of around 25% in the global market. This is attributable to the rising commercialization of low-cost production facilities for the product and considerable investments in research & development to develop novel applications.
Canada is rapidly emerging as a leading producer of nanocellulose, while the USA has positioned itself as the primary consumer in various industries.
As per Future Market Insights, North America market is set to thrive at 18.1% CAGR through 2033. The United States will hold a prominent share of 17.7% of the global nanocellulose industry in 2023.
Rising usage of nanocellulose in pharmaceutical and biomedical applications will drive nanocellulose demand in the USA. Similarly, growing popularity of nanocellulose in packaging sector is likely to boost sales.
Increasing Usage of Nanocellulose in Electronics Devices Driving Demand in Japan
Over the past few years, East Asia has witnessed remarkable progress in both the production and consumption of nanocellulose, particularly in the fields of electronics, composites, and textiles.
Countries such as China, Japan, and South Korea, which are recognized as electronic hubs of the world, have leveraged this natural biopolymer as a valuable material in the development of nanoelectronics, bioelectronics, and consumer electronics.
Japanese paper and pulp companies, in addition, have displayed an interest in and increased production units, which is crucial in improving the functional properties of paper, paperboard, and related products. As a result, the East Asia nanocellulose market is set to expand at an impressive CAGR of 21.4% through 2033.
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Pharmaceutical & Biomedical Segment to Register Robust Growth
The demand for nanocellulose in biomedical and pharmaceutical is estimated to grow rapidly. This is due to its unique properties, including biocompatibility, biodegradability, and low toxicity.
It has demonstrated potential for wound healing and tissue engineering applications by mimicking the natural extracellular matrix and promoting cell adhesion and growth, as well as being a promising carrier for gene therapy and vaccines.
The healthcare industry's demand is expected to increase due to an aging population, technological advancements, and rising chronic diseases. This in turn will boost the nanocellulose industry as demand for innovative healthcare solutions continues to grow.
According to the Future Market Insights, the global healthcare and biomedical industries are likely to expand at a significant Y-o-Y growth rate of 10% to 14% from 2020 onwards. This growth will drive the demand for cellulose in the global market.
Cellulose Nanofibrils Remains the Most Sought-After Product Type Category
Based on product type, the market is divided into nanofibrillated cellulose, nanocrystalline cellulose, and bacterial nanocellulose. Among these types, nanofibrillated cellulose or cellulose nanofibrils and nanocrystalline cellulose are derived from wood, plant wastes, and other cellulose sources. While the bacterial nanocellulose is prepared from bacterial growth in controlled conditions.
Globally, nanofibrillated cellulose or cellulose nanofibrils occupy about two-thirds of the market share. This is due because it is extensively used in paper & paperboard, composites, paints and coatings, excipients, textiles, and adhesives applications.
On the other hand, demand for nanocrystalline cellulose is likely to grow at a higher CAGR of 20.5% through 2033. This is due to rapid advancements and emerging applications of nanocrystalline cellulose.
Nippon Paper Industries Co. Ltd., Sappi, CelluForce Inc., Anomera Inc., and GranBio are among the leading manufacturers of nanocellulose.
The nanocellulose market is evolving due to the growth of start-ups that are driving innovation, customization, and new business models aligned with the increasing demand for sustainable materials.
These start-ups are developing new applications for the material, such as bio-based materials for the automotive and construction industries, and medical devices that mimic human tissue. Further, they are exploring circular economy models to create a more sustainable and profitable future for the market.
Key Developments:
| Attribute | Details |
|---|---|
| Estimated Market Value (2023) | USD 474.8 million |
| Projected Market Value (2033) | USD 2,725.5 million |
| Expected Growth Rate (2023 to 2033) | 19.1% CAGR |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million, Volume in Tons, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Market Segments Covered | Product Type, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia and Pacific; Middle East and Africa |
| Key Countries Covered |
United States, Canada, Mexico, Brazil, China, Japan, South Korea, India, Association of South East Asian Nations, Australia and New Zealand, Germany, France, Italy, Spain, BENELUX, Russia, Gulf Cooperation Council Countries, Türkiye, Northern Africa, South Africa |
| Key Companies Profiled | CelluForce Inc.; Anomera, Inc.; GranBio Investimentos S.A.; Sappi; Nippon Paper Industries Co. Ltd.; Celluomp Ltd.; Oji holdings Corporation; Chuetsu Pulp and Paper Co., Ltd.; Cellulose Lab; American Process Inc.; NAVITAS; Melodea; Sweetwater Energy; Blue Goose Biorefineries Inc.; Daio Paper Corporation |
The market is valued at USD 474.8 million in 2023.
CelluForce Inc., and GranBio Investimentos S.A. are key market players.
The market will reach USD 2.7 billion by 2033.
Increasing demand for environmentally friendly materials will drive the market prospects.
From 2018 to 2022, the market registered a CAGR of 10.2%.
| Estimated Market Size (2024E) | USD 2,081.0 million |
|---|---|
| Projected Market Value (2034F) | USD 3,598.7 million |
| Value-based CAGR (2024 to 2034) | 5.6% |
| Market Valuation (2023) | USD 6.1 billion |
|---|---|
| Market Valuation (2033) | USD 10.3 billion |
| Market CAGR (2023 to 2033) | 5.4% |
| Expected Market Value (2023) | USD 12.6 billion |
|---|---|
| Anticipated Forecast Value (2033) | USD 51.5 billion |
| Projected CAGR (2023 to 2033) | 15.1% |
| Market Size (2023) | USD 974.7 Million |
|---|---|
| Forecasted Market Size (2033) | USD 1,794.1 Million |
| Value CAGR (2023 to 2033) | 6.3% |
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