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GLOBAL NANO CELLULOSE MARKET FORECAST 2021-2028

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GLOBAL NANO CELLULOSE MARKET FORECAST 2021-2028

Inkwood Research anticipates that the global nano cellulose market will reach $2006.21 million by 2028, growing with a CAGR of 18.05% during the forecast period. The base year considered for the market study is 2020, and the forecast years are from 2021 and 2028. Nano cellulose entails a group of materials, defined as having at least one of its fibrous dimensions in the nano-scale.

GLOBAL NANO CELLULOSE MARKET FORECAST 2021-2028

Global Nano Cellulose Market by Product (Nanofibrillated Cellulose (NFC), Nanocrystalline Cellulose (NCC), Bacterial Cellulose (BC), Microfibrillated Cellulose (MFC), Other Products) by End-user (Paper Processing, Paints and Coatings, Oil and Gas, Food and Beverage, Composites, Pharmaceuticals and Cosmetics, Other End-users) and by Geography.

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Inkwood Research anticipates that the global nano cellulose market will reach $2006.21 million by 2028, growing with a CAGR of 18.05% during the forecast period. The base year considered for the market study is 2020, and the forecast years are from 2021 and 2028.

Nano cellulose entails a group of materials, defined as having at least one of its fibrous dimensions in the nano-scale. According to the European Union, nano cellulose is a naturally mass-produced material containing particles, wherein more than half their numbers and one or more external dimensions across the quantity distribution, range between the sizes of 1 nm to 99 nm. Moreover, increasing technological advancement in the food packaging industry, and the improved VOC emissions in paints and coatings, drives the market growth.
global-nano-cellulose-market

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Key factors fueling the global nano cellulose market growth:

  • Exceptional properties of nano cellulose
  • Rise in usage of flexible packaging
    • The use of flexible bio-degradable packaging is steadily increasing in the Asia Pacific, owing to the stable increase in food trades and growth in the food manufacturing sector.
    • Also, the variations in lifestyle and workplace behaviors and the transitioning inclinations toward contemporary food habits are increasing the demand for packaged foods.

Key market restraints limiting the global nano cellulose market growth:

  • Economic hurdles
    • The price of cellulose nanofibrils, for 1 gram to 500 grams, costs USD 2, while the price of cellulose nanocrystals, for the same quantity, costs USD 25. This creates a massive price difference, ultimately creating economic turmoil.
    • In addition, the cost of manufacturing per kilogram of nano cellulose is more than the cost of producing carbon fiber.
    • Hence, these factors are likely to hinder the market growth.
  • Lack of buyer awareness

The report scope of the global nano cellulose market covers the segmentation analysis of product and end-user.

Market by Product: 

  • Nanofibrillated Cellulose (NFC)
    • The nanofibrillated cellulose (NFC) segment is projected to harbor the largest market share across the product category.
    • The demand for nanofibrillated cellulose is likely to increase with the surge in paper production, as well as the high demand for paints and coatings.
    • This primarily contributes to market growth.
  • Nanocrystalline Cellulose (NCC)
  • Bacterial Cellulose (BC)
    • The bacterial cellulose (BC) segment, under the product category, is expected to grow with the highest CAGR.
    • The increasing demand for cosmetics, and the food and beverage industry’s growth is anticipated to raise the demand for bacterial cellulose, over the forecast period.
  • Microfibrillated Cellulose (MFC)
  • Other Product Types

Geographically, the global nano cellulose market has been segmented on the basis of four major regions, which includes:

  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Sweden, Finland, Norway, Russia, and Rest of Europe
  • Asia Pacific: China, Japan, South Korea, Thailand, Australia & New Zealand, and Rest of Asia Pacific
    • The Asia Pacific is predicted to be the fastest-growing market during the forecast years.
    • Japanese manufacturers, such as Nippon Paper Industries and Chuetsu Pulp and Paper, are actively collaborating with universities, to increase their production capacities, while minimizing production costs.
    • Similarly, China is setting up pilot plants for manufacturing nano cellulose.
    • However, commercial production predominantly exists in Japan.
  • Rest of World: Latin America, Middle East & Africa.

Major players operating in the global nano cellulose market:

  • American Process Inc
  • Melodea Ltd
  • Sappi Ltd
  • Norse Skog AG
  • Others

Key strategies adopted by some of these companies: 

In June 2020, Arylide Life Sciences Inc. and Axcelon Biopolymers Corporation, in collaboration with the Office of Applied Research and Innovation (OARI), situated in Collège La Cité, Ottawa, have successfully obtained a research grant from the Natural Sciences and Engineering Research Council of Canada (NSERC). It was primarily granted to develop a superior and advanced protective bio-mask on the basis of a patented bacterial nano cellulose technology.

Key trends of the global nano cellulose market:

  • Pharmaceutical and cosmetics is the leading end-user.
  • The Asia Pacific nano cellulose market is expected to grow with the highest CAGR, during the forecast period.
  • The composites segment is set to dominate the end-user category.

 

Frequently Asked Questions & Answers (FAQs):

  • Which country is expected to offer lucrative growth opportunities for the global nano cellulose market?

    A: Japan is set to offer lucrative growth opportunities for the global nano cellulose market.

  • Which region is projected to dominate the global nano cellulose market?

    A: North America is set to harbor the largest market share, over the forecast period.

  • What are the key players operating in the North America nano cellulose market?

   A: Celluforce, American Process Inc, Axcelon Biopolymers Corporation, etc., are among the key players operating in the North America nano cellulose market.

 

  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    •    KEY DRIVERS
      • EXCEPTIONAL PROPERTIES OF NANO CELLULOSE
      • RISE IN USAGE OF FLEXIBLE PACKAGING
    •    KEY RESTRAINTS
      • ECONOMIC HURDLES HINDERING THE MARKET GROWTH
      • LACK OF BUYER AWARENESS
  1. KEY ANALYTICS
    • IMPACT OF COVID-19 ON NANO CELLULOSE MARKET
    • KEY INVESTMENT INSIGHTS
    •    PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  2. MARKET BY PRODUCT
    • NANOFIBRILLATED CELLULOSE (NFC)
    • NANOCRYSTALLINE CELLULOSE (NCC)
    • BACTERIAL CELLULOSE (BC)
    • MICROFIBRILLATED CELLULOSE (MFC)
    • OTHER PRODUCTS
  3. MARKET BY END-USER
    • PAPER PROCESSING
    • PAINTS AND COATINGS
    • OIL AND GAS
    • FOOD AND BEVERAGE
    • COMPOSITES
    • PHARMACEUTICALS AND COSMETICS
    • OTHER END-USERS
  4. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    •     EUROPE
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • SWEDEN
        • FINLAND
        • NORWAY
        • RUSSIA
        • REST OF EUROPE
    •     ASIA PACIFIC
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • SOUTH KOREA
        • THAILAND
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    •     REST OF WORLD
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST & AFRICA
  1. COMPETITIVE LANDSCAPE
    •    KEY STRATEGIC DEVELOPMENTS
      • MERGER & ACQUISITIONS
      • PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
      • BUSINESS EXPANSION
    •    COMPANY PROFILES
      • AMERICAN PROCESS INC
      • AXCELON BIOPOLYMERS CORPORATION
      • BORREGARD
      • CELLUCOMP
      • CELLUFORCE
      • CHUETSU PULP & PAPER CO LTD
      • DAICEL FINECHEM LTD
      • FIBERLEAN TECHNOLOGIES
      • MELODEA LTD
      • NIPPON PAPER INDUSTRIES CO LTD
      • NORSE SKOG AG
      • OJI HOLDINGS CORPORATION
      • RISE INNVENTIA AB
      • SAPPI LTD
      • UNIVERSITY OF MAINE

TABLE LIST

TABLE 1: MARKET SNAPSHOT – NANO CELLULOSE

TABLE 2: GLOBAL NANO CELLULOSE MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 3: GLOBAL NANO CELLULOSE MARKET, BY PRODUCT, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 4: GLOBAL NANOFIBRILLATED CELLULOSE (NFC) MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 5: GLOBAL NANOFIBRILLATED CELLULOSE (NFC) MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 6: GLOBAL NANOCRYSTALLINE CELLULOSE (NCC) MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 7: GLOBAL NANOCRYSTALLINE CELLULOSE (NCC) MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 8: GLOBAL BACTERIAL CELLULOSE (BC) MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 9: GLOBAL BACTERIAL CELLULOSE (BC) MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 10: GLOBAL MICROFIBRILLATED CELLULOSE (MFC) MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 11: GLOBAL MICROFIBRILLATED CELLULOSE (MFC) MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 12: GLOBAL NANOFIBRILLATED CELLULOSE (NFC) MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 13: GLOBAL NANOFIBRILLATED CELLULOSE (NFC) MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 14: GLOBAL NANO CELLULOSE MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 15: GLOBAL NANO CELLULOSE MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 16: GLOBAL PAPER PROCESSING MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 17: GLOBAL PAPER PROCESSING MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 18: GLOBAL PAINTS AND COATINGS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 19: GLOBAL PAINTS AND COATINGS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 20: GLOBAL OIL AND GAS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 21: GLOBAL OIL AND GAS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 22: GLOBAL FOOD AND BEVERAGE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 23: GLOBAL FOOD AND BEVERAGE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 24: GLOBAL COMPOSITES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 25: GLOBAL COMPOSITES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 26: GLOBAL PHARMACEUTICALS AND COSMETICS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 27: GLOBAL PHARMACEUTICALS AND COSMETICS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 28: GLOBAL OTHER END-USERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 29: GLOBAL OTHER END-USERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 30: GLOBAL NANO CELLULOSE MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 31: GLOBAL NANO CELLULOSE MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 32: NORTH AMERICA NANO CELLULOSE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 33: NORTH AMERICA NANO CELLULOSE MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 34: LEADING PLAYERS OPERATING IN NORTH AMERICA NANO CELLULOSE MARKET

TABLE 35: EUROPE NANO CELLULOSE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 36: EUROPE NANO CELLULOSE MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 37: LEADING PLAYERS OPERATING IN EUROPE NANO CELLULOSE MARKET

TABLE 38: ASIA PACIFIC NANO CELLULOSE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 39: ASIA PACIFIC NANO CELLULOSE MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 40: LEADING PLAYERS OPERATING IN ASIA PACIFIC NANO CELLULOSE MARKET

TABLE 41: REST OF WORLD NANO CELLULOSE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 42: REST OF WORLD NANO CELLULOSE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 43: LEADING PLAYERS OPERATING IN REST OF WORLD NANO CELLULOSE MARKET

FIGURE LIST

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: GLOBAL NANO CELLULOSE MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2020

FIGURE 6: GLOBAL NANO CELLULOSE MARKET, BY NANOFIBRILLATED CELLULOSE (NFC), 2021-2028 (IN $ MILLION)

FIGURE 7: GLOBAL NANO CELLULOSE MARKET, BY NANOCRYSTALLINE CELLULOSE (NCC), 2021-2028 (IN $ MILLION)

FIGURE 8: GLOBAL NANO CELLULOSE MARKET, BY BACTERIAL CELLULOSE (BC), 2021-2028 (IN $ MILLION)

FIGURE 9: GLOBAL NANO CELLULOSE MARKET, BY MICROFIBRILLATED CELLULOSE (MFC), 2021-2028 (IN $ MILLION)

FIGURE 10: GLOBAL NANO CELLULOSE MARKET, BY OTHER PRODUCTS, 2021-2028 (IN $ MILLION)

FIGURE 11: GLOBAL NANO CELLULOSE MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020

FIGURE 12: GLOBAL NANO CELLULOSE MARKET, BY PAPER PROCESSING, 2021-2028 (IN $ MILLION)

FIGURE 13: GLOBAL NANO CELLULOSE MARKET, BY PAINTS AND COATINGS, 2021-2028 (IN $ MILLION)

FIGURE 14: GLOBAL NANO CELLULOSE MARKET, BY OIL AND GAS, 2021-2028 (IN $ MILLION)

FIGURE 15: GLOBAL NANO CELLULOSE MARKET, BY FOOD AND BEVERAGE, 2021-2028 (IN $ MILLION)

FIGURE 16: GLOBAL NANO CELLULOSE MARKET, BY COMPOSITES, 2021-2028 (IN $ MILLION)

FIGURE 17: GLOBAL NANO CELLULOSE MARKET, BY PHARMACEUTICALS AND COSMETICS, 2021-2028 (IN $ MILLION)

FIGURE 18: GLOBAL NANO CELLULOSE MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)

FIGURE 19: NORTH AMERICA NANO CELLULOSE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 20: UNITED STATES NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 21: CANADA NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 22: EUROPE NANO CELLULOSE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 23: UNITED KINGDOM NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 24: GERMANY NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 25: FRANCE NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 26: SWEDEN NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 27: FINLAND NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 28: NORWAY NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 29: RUSSIA NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 30: REST OF EUROPE NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 31: ASIA PACIFIC NANO CELLULOSE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 32: CHINA NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 33: JAPAN NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 34: SOUTH KOREA NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 35: THAILAND NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 36: AUSTRALIA & NEW ZEALAND NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 37: REST OF ASIA PACIFIC NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 38: REST OF WORLD NANO CELLULOSE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 39: LATIN AMERICA NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 40: MIDDLE EAST & AFRICA NANO CELLULOSE MARKET, 2021-2028 (IN $ MILLION)

  1. MARKET BY PRODUCT
    • NANOFIBRILLATED CELLULOSE (NFC)
    • NANOCRYSTALLINE CELLULOSE (NCC)
    • BACTERIAL CELLULOSE (BC)
    • MICROFIBRILLATED CELLULOSE (MFC)
    • OTHER PRODUCTS
  2. MARKET BY END-USER
    • PAPER PROCESSING
    • PAINTS AND COATINGS
    • OIL AND GAS
    • FOOD AND BEVERAGE
    • COMPOSITES
    • PHARMACEUTICALS AND COSMETICS
    • OTHER END-USERS
  3. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    •     EUROPE
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • SWEDEN
        • FINLAND
        • NORWAY
        • RUSSIA
        • REST OF EUROPE
    •     ASIA PACIFIC
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • SOUTH KOREA
        • THAILAND
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    •     REST OF WORLD
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST & AFRICA

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