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Global Nanocellulose Market Size (2024 - 2029)

The nanocellulose market is projected to experience significant growth over the forecast period, driven by rising demand in sectors such as oil and gas and textiles, which are increasingly utilizing nanocellulose products. The market's expansion is supported by the adoption of flexible packaging and the material's superior properties. Despite challenges like limited consumer awareness and economic barriers, the market is poised for growth due to ongoing innovations, research and development, and capacity expansions by manufacturers. North America leads in market consumption, highlighting its dominant market size.

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Market Size of Global Nanocellulose Industry

Nanocellulose Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.10 Billion
Market Size (2029) USD 2.86 Billion
CAGR (2024 - 2029) > 20.00 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Nanocellulose Market Major Players

*Disclaimer: Major Players sorted in no particular order

Nanocellulose Market Analysis

The Global Nanocellulose Market size is estimated at USD 1.10 billion in 2024, and is expected to reach USD 2.86 billion by 2029, growing at a CAGR of greater than 20% during the forecast period (2024-2029).

With the rising demand from oil and gas, the textile segment is witnessing an increased demand from various application segments, owing to the growing utilization of multiple products.

  • Over the short term, the increasing adoption of flexible packaging and the superior properties of nanocellulose are expected to drive the growth of the studied market.
  • However, a shortage of consumer awareness and economic barriers are expected to hinder the market's growth.
  • Increasing innovation activities, research and development investments, and capacity expansions by manufacturers to capitalize on the broad applicability are expected to unveil new opportunities for the market studied.
  • North America dominated the market across the world with the most substantial consumption of nanocellulose.

Nanocellulose Industry Segmentation

Nanocellulose is a light solid substance obtained from plant matter and consists of nanosized cellulose fibers. Nanocellulose has excellent barrier properties, as nanofibers form a dense network held together by inter-fibril solid bonds.

The nanocellulose market is segmented by end-user industry, product type, and geography. By end-user industry, the market is segmented into paper processing, paints and coatings, oil and gas, food and beverage, composites, pharmaceutical and cosmetics, and other end-user industries (packaging, textiles, etc.). By product type, the market is segmented into nanofibrillated cellulose (NFC), nanocrystalline cellulose (NCC), bacterial cellulose, microfibrillated cellulose (MFC), and other product types (tempo oxidized nanocellulose, cellulose nanocomposites, etc.). The report also covers the market sizes and forecasts for the nano cellulose market in 27 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD).

End-user Industry
Paper Processing
Paints and Coatings
Oil and Gas
Food and Beverage
Composites
Pharmaceuticals and Cosmetics
Other End-user Industries
Product Type
Nanofibrillated Cellulose (NFC)
Nanocrystalline Cellulose (NCC)
Bacterial Cellulose
Microfibrillated Cellulose (MFC)
Other Product Types
Geography
Asia-Pacific
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
NORDIC Countries
Turkey
Russia
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Nigeria
Qatar
Egypt
United Arab Emirates
Rest of Middle East and Africa
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Global Nanocellulose Market Size Summary

The nanocellulose market is poised for significant growth, driven by its increasing application across various industries such as oil and gas, textiles, and flexible packaging. The material's superior properties, including biodegradability and non-toxicity, make it an attractive alternative to traditional plastics, particularly in the composites segment. This shift is supported by government initiatives and investments aimed at promoting sustainable materials, which are expected to bolster the demand for nanocellulose in packaging and biodegradable plastics. The automotive industry also benefits from nanocellulose composites, which enhance the lightweight and mechanical properties of vehicle components, aligning with the global push towards electric vehicles. Despite challenges like limited consumer awareness and economic barriers, ongoing innovation and research are likely to open new avenues for market expansion.

North America currently leads the global nanocellulose market, with substantial consumption driven by infrastructure projects and the renovation of commercial buildings. The region's diverse industries, including food and beverage, oil and gas, and construction, are anticipated to further fuel market growth. In the food sector, nanocellulose serves as a thickening agent and stabilizer, offering benefits such as reduced fat content and extended shelf life. The paper industry also leverages nanocellulose to enhance paper properties, contributing to its renewable and sustainable appeal. The market is characterized by a consolidated landscape with key players like CelluForce, GranBio, and Borregaard, who are actively expanding their product portfolios to meet the rising demand.

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Global Nanocellulose Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Superior Properties of Nanocellulose

      2. 1.1.2 Increasing Adoption of Flexible Packaging Aids

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Economic Barriers Hindering Market Growth

      2. 1.2.2 Growing Consumer Awareness

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 End-user Industry

      1. 2.1.1 Paper Processing

      2. 2.1.2 Paints and Coatings

      3. 2.1.3 Oil and Gas

      4. 2.1.4 Food and Beverage

      5. 2.1.5 Composites

      6. 2.1.6 Pharmaceuticals and Cosmetics

      7. 2.1.7 Other End-user Industries

    2. 2.2 Product Type

      1. 2.2.1 Nanofibrillated Cellulose (NFC)

      2. 2.2.2 Nanocrystalline Cellulose (NCC)

      3. 2.2.3 Bacterial Cellulose

      4. 2.2.4 Microfibrillated Cellulose (MFC)

      5. 2.2.5 Other Product Types

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Malaysia

        6. 2.3.1.6 Thailand

        7. 2.3.1.7 Indonesia

        8. 2.3.1.8 Vietnam

        9. 2.3.1.9 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Spain

        6. 2.3.3.6 NORDIC Countries

        7. 2.3.3.7 Turkey

        8. 2.3.3.8 Russia

        9. 2.3.3.9 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Colombia

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Nigeria

        4. 2.3.5.4 Qatar

        5. 2.3.5.5 Egypt

        6. 2.3.5.6 United Arab Emirates

        7. 2.3.5.7 Rest of Middle East and Africa

Global Nanocellulose Market Size FAQs

The Global Nanocellulose Market size is expected to reach USD 1.10 billion in 2024 and grow at a CAGR of greater than 20% to reach USD 2.86 billion by 2029.

In 2024, the Global Nanocellulose Market size is expected to reach USD 1.10 billion.

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