Nanocellulose Market worth $2.0 billion by 2030 – At a CAGR of 21.9%

According to a market research report, the Nanocellulose Market by Type (MFC & NFC, CNC/NCC), Raw Material (Wood, Non-wood), Application (Paper & Pulp, Composites, Paints & Coatings, Biomedical & Pharmaceuticals, Electronics & Sensors), and Region – Global Forecast to 2030″ is expected to grow from USD 0.4 billion in 2022 to USD 2.0 billion by 2030, at a CAGR of 21.9%. Increasing investments in R&D activities by government and private organizations and growing demand for sustainable products with improved material science is expected to drive the nanocellulose market.


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The major players in the nanocellulose market include Fiberlean Technologies (UK), Borregaard (Norway), Nippon Paper Industries (Japan), Celluforce Inc. (Canada), Kruger Inc. (Canada), Stora Enso (Finland), RISE Innventia (Sweden), American Process Inc. (US), FPInnovations (Canada), and UPM (Finland) and others.


Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the nanocellulose market.


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The MFC & NFC segment, by type of nanocellulose market, is projected to be the fastest-growing segment from 2022 to 2030. MFC & NFC has lower prices and possess various advantages, such as material efficiency, strength enhancement, light-weighting, and renewable barrier materials.


The wood segment, by raw material of the nanocellulose market, is projected to be the fastest-growing segment during 2022 to 2030. The cost of the production of nanocellulose from wood is quite lower than that of other sources. Wood is a renewable resource and the most abundant material on earth, and plants can be easily cultivated for commercial purposes.


The composites segment, by application of the nanocellulose market, is projected to be the fastest-growing segment from 2022 to 2030. Nanocellulose can be used as a filler or reinforcement in composite materials. Many composite applications of nanocellulose, such as coatings and films, foams, paints, and packaging, are currently under study.

Europe is projected to be the fastest-growing market for nanocellulose during the forecast period. The industries in Europe are working on sustainable products and promising recyclable material solutions which is driving the growth of nanocellulose products and materials in the region. Most of the demand for nanocellulose materials is from Europe’s pulp & paper and composites & packaging industries.


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