Nanocellulose Market Size

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).