Strict rules levied by governments has banned non-biodegradable packaging material mostly for food industry, which will afterward drive the demand for durable light weight packaging material.
JERSEY CITY, N.J., Oct. 19, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Nanocellulose Market" By Type (Nanocrystalline Cellulose, Cellulose nanofiber and Micro fibrillated), By Application (Pulp & Paper, Biomedical & Pharmaceutical, Packaging), and By Geography. According to Verified Market Research, the Global Nanocellulose Market size was valued at USD 278.5 Million in 2020 and is projected to reach USD 1262.5 Million by 2028, growing at a CAGR of 20.94% from 2021 to 2028.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=36374
Browse in-depth TOC on "Nanocellulose Market"
202 - Pages
126 - Tables
37 - Figures
Global Nanocellulose Market Overview
Nanocellulose significantly used in the pulp and paper industry as an additive to produce light and white paper, therefore boosting the market growth. It is being employed in health care applications including biomedicines, personal hygiene products, and cosmetics for its nontoxic properties. Nanocellulose has excellent adsorption capacities and therefore it acts as a suitable ingredient to produce wound dressings and sanitary napkins. The growing research activities on nanocellulose have further fueled the market.
Nanocellulose possesses the potential to replace numerous petrochemical based products and has been cost effective compared to other nanoscale high performance materials. It offers superior properties such as ease of disposability, biodegradability, transparency, flexibility, high mechanical strength & barrier properties etc. Rising food & beverage industry along with improving health concern will be a major factor contributing to nanocellulose market share in the coming years.
Although cellulose is abundantly existing in nature, the production of such nanomaterials needs large machinery and technical knowledge, which leads to the growth of the production charge and high production cost may hamper the market growth.
Key Developments in Nanocellulose Market
- In February 2019, CellForce had declared that it has upgraded CNC plant in Montreal, which will operate at production capacity of 300 tons/Year.
- In September 2020, CellForce has declared the signing of an agreement with MNCs that are operating in cosmetic sector in order to make full supply of CNC for the coming 10 years. The company has also valued that there will be the need of a new plant to meet the demand for this agreement. The MNC is approved a global exclusiveness for the commercialization of CNC-based cosmetic products and is likely to launch new product progressively over the agreement period.
The major players in the market are CelluForce Inc, Kruger Inc, Sappi Ltd, Innventia AB, Nippon Paper Group Inc, Borgward and GranBio Technologies.
Verified Market Research has segmented the Global Nanocellulose Market On the basis of Type, Application, and Geography.
- Nanocellulose Market, By Type
- Nanocrystalline Cellulose
- Cellulose Nanofibers
- Micro-fibrillated Cellulose
- Nanocellulose Market, By Application
- Pulp & Paper
- Biomedical & Pharmaceutical
- Packaging
- Others
- Nanocellulose Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
Browse Related Reports:
Nanocrystalline Cellulose Market By Grade (Industrial Grade, Pharmaceutical/Food Grade), By Form (Powder, Liquid), By Source (Softwood Pulp, Hardwood Pulp), By Application (Composites, Personal Care, Packaging, Paper Processing), By Geography, Forecast, 2021-2028
Flexographic Inks Market By Ink Type (Volatile ink, Energy curable ink), By Resin Type (Polyurethanes, Acrylic, Polyamides, Nitrocellulose), By Technology of Application (Water-based, Solvent-based, Ultraviolet (UV)), By Geography, Forecast, 2021-2028
Microcrystalline Cellulose Market By Source Type (Wood-based and Non-wood-based), By Application (Pharmaceutical, Food & Beverage, Cosmetics & Personal Care), By Geography, Forecast, 2021-2028
Hydroxy Ethyl Cellulose (HEC) Market By Product Type (Industrial Grade, Cosmetic Grade, Food Grade, and Pharmaceutical Grade), By Application (Building Material, Oilfield, Personal Care and Cosmetic, Food, Pharmaceuticals, Paper, Adhesives and Textiles), By Geography, Forecast, 2021-2028
Top industrial packaging suppliers providing a safer way of dispatching products
Visualize Nanocellulose Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.
Contact Us
Mr. Edwyne Fernandes
Verified Market Research
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter
Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg
