Nanocellulose Market size was valued at USD 515.04 million in 2024 and is projected to cross USD 6.72 billion by the end of 2037, expanding at more than 21.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of nanocellulose is estimated at USD 604.86 million. The rising awareness about environmental degradation, as well as the increasing innovations of bio-based products along with the growing applications of renewable resources in daily life owing to their eco-friendly nature, is anticipated to propel the market growth in the forecast period. As per a global survey in 2021, out of the chosen number of participants for their opinion on the packaging, 35% of respondents said they chose sustainable products to help protect the environment, while 37% said they looked for products with environmentally friendly packaging.
Nanocellulose types include two broad categories viz., nanostructured materials (cellulose microfibrils) and nanofibers (cellulose nanofibrils, and bacterial cellulose). The difference between nanocellulose and cellulose is that the former are natural materials with at least one dimension in the nano-scale and combine important cellulose properties with the features of nanomaterials. This opens new horizons for these materials’ science and their applications. The application of nanocellulose is vast and expanding as it can be used in various fields such as biomedical products, nanocomposite materials, textiles, and so on as the application of green, renewable, and sustainable materials has gained momentum for producing various high-value products with low environmental impact.
Cellulose, being the most abundant biomass material is the source of extraction for nanocellulose, whose applications are gaining high attraction in both research and industrial areas owing to their attractive properties with 100% environmental friendliness as well as the higher potential to evoke important advantages, such as elevated use of natural resources, enhanced health, and reduced environmental pollution leading to a green revolution. Hence, with the rising advancement & investment in nanotechnology worldwide the global nanocellulose market is anticipated to the uptrend in the forecast period. According to the report, the United States requested more than USD 1.7 billion from the President's 2021 Budget for the National Nanotechnology Initiative (NNI).
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
21.6% |
Base Year Market Size (2024) |
USD 515.04 million |
Forecast Year Market Size (2037) |
USD 6.72 billion |
Regional Scope |
|
Type {Nano fibrillated Cellulose (NFC), Nanocrystalline Cellulose (NCC), Bacterial Cellulose, Micro fibrillated Cellulose (MFC)}
The global nanocellulose market is segmented and analyzed for demand and supply by type into nano-fibrillated cellulose (NFC), nanocrystalline cellulose (NCC), bacterial cellulose, micro fibrillated Cellulose (MFC). Out of these segments, the nano-fibrillated cellulose segment is estimated to gain the largest market share in the year 2037. The growth of the segment can be attributed to the radically expanding production of cement globally as well as the growing utilization of nano-fibrillated cellulose in the cement industry, owing to their easy availability, higher tensile strength, large surface area, and potential to enhance the durability of cement composites. China the largest producer of the most cement in the world produced around 2.1 billion metric tons in 2022. Moreover, the heightening demand for NFC from numerous end-use industries including food and beverage, oil & gas, aerospace, automotive, and personal care industries which are expanding exponentially.
End-user (Pulp & Paper, Composites, Biomedical, Automobile)
The global nanocellulose market is also segmented and analyzed for demand and supply by end-user into pulp & paper, composites, biomedical, automobile, and others. Amongst these three segments, the pulp & paper segment is expected to garner a significant share in the year 2037. The factors applicable to the growth of the segment in the forecast period include the growing demand for paper globally owing to its increasing demand for end-products such as books, diapers, paper towels, napkins, newspapers, magazines, maps, toilet tissue and from many end-use industries such as the packaging industry, just to name a few. The data from the International Energy Agency (IEA) revealed that paper production worldwide is forecasted to grow by 1.2% annually.
Moreover, the biomedical segment is estimated to garner the highest share in the forecast period owing to the radically surging investment in the development of materials, therapies, devices, technology, systems, methods, and processes to facilitate the understanding of human disease, or its, monitoring, prevention, diagnosis, and treatment.
Our in-depth analysis of the global market includes the following segments:
By Type |
|
By End-User |
|
APAC Market Statistics
The Asia Pacific nanocellulose market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the exponentially surging production of vehicles as well as the rising demand for nanocellulose in the automotive industry besides other end-user industries, owing to the increasing demand for lightweight vehicles with higher tensile strength and better fuel economy. As per research, it was found that using nano cellulose for parts of cars, like bumpers, side panels, and dashboards makes them 3-4 times stronger and around 30% lighter. Moreover, it was observed that the production of cars and commercial vehicles in China reached nearly 21.41 million and 4.67 million in 2021 respectively, depicting the prospering automotive industry in the region.
North American Market Forecast
The North American nanocellulose market, amongst the market in all the other regions, is projected to hold the second largest share during the forecast period. The growth of the market can be attributed majorly to the augmenting biomedical sector along with the increasing adoption of advanced technology in the region, owing to increasing spending on healthcare with increasing chronic diseases. It was found that U.S. healthcare spending increased by 2.7% in 2021, reaching approximately USD 4.3 trillion. Therefore, the growing adoption of biomaterial in cartilage replacements, cardiovascular applications, and many medical implants owing to its unique nanostructure is expected to propel the market growth in the region.
Europe Market Forecast
Further, the market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the raised standard of living of people in the region together with the increasing demand for green and sustainable food packaging material by the growing food & beverages industry in the region
Oji Holdings Corporation a Japanese manufacturer of paper products developed cosmetic quality commercial nano cellulose fiber ‘AUROVISCO CS’ together with Nikko Chemicals Co., Ltd. a global supplier of ingredients for cosmetics, pharmaceuticals, food, and industrial applications.
Stora Enso Group the renewable materials company acquired the specialist in applications-based cellulose company, Cellutech AB, to expand the company’s portfolio worldwide.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?