Nanofibrillar Cellulose Market Share, Demand, Analysis, Growth, Size and Forecast 2030
The global nanofibrillar cellulose market size is set to gain momentum from the demand for nanofibrillar cellulose being on a constant rise because of the industry’s ever-rising demand for bio-based cellulose. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Nanofibrillar Cellulose Market, 2023-2030.” Additionally, the rising demand for bio-based cellulose will fuel market growth. Moreover, bio-based cellulose is preferred over petroleum-based cellulose. This inclination towards bio-based products will boost the market.
Request a Sample PDF Brochure:
Stagnant Supply in Industry During Pandemic to Detain Expected Growth of Industry
The COVID-19 pandemic has affected industries from various angles, and its effects are seen through 2021. The sudden lockdown impacted the supply chain of the industry. The demand saw low requirements from the industries. The market is expected to get affected by the imposed lockdown and the pandemic outbreak. Various retailers and firms faced new volatility in demand, supply-chain disruptions, and difficult physical environments. These are hampering businesses to grow.
By application, the market is split into composites & packaging, pulp & paper, rheology modifiers, coatings & adhesives, 3D films, and others.
Geographically, the market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The report on the market includes:
- The key developments adopted by the key countries and regions are included in the report.
- It also includes a ranking of major players in the global market.
- The adoption of new technologies by the major market players is depicted in this report.
- Insights of market data on the incidences of driving or obstructing the market growth are presented in the report.
- Factors driving the growth of the market and the factors restraining the market’s growth are represented in the report.
Drivers & Restraints-
Inclination Towards Bio-Based Products Will Surge Market Growth
Celluloses are produced from woods, grass, or cotton and are used in petroleum, barrier films, packaging, and many more. The demand for the product is on a constant rise because of the industry’s ever-rising demand for bio-based cellulose. The rising demand for bio-based cellulose is likely to fuel the nanofibrillar cellulose market growth. Moreover, bio-based cellulose is preferred over petroleum-based cellulose. This inclination towards bio-based products will boost the market. The rising pollution created the demand for bio-based cellulose, additionally leading companies to build bio-based cellulose to fulfill the industry demand.
However, the bio-based nanofibrillar cellulose costs much more than petroleum-based cellulose, which may hinder the market’s growth in the forecast period.
Get Your Customized Research Report
Asia Pacific to Show Expeditious Growth Due to Steadily Expanding Packaging Industry
Asia Pacific is expected to show maximum growth in nanofibrillar cellulose market share by steady growth in the packaging industry. The growth in the industry of packaging will fuel market demand. North America holds the second-highest market growth in the global market due to rising product adoption in the region. The growth of North America relies on the U.S. and Canada, as these regions are major holders of the demand in the region.
Regions, such as Europe, Middle East & Africa are expected to show good growth in the industry. The nanofibrillar cellulose is used in 3D films & paper & pulp applications, fuelling the market in Europe. The adoption of nanofibrillar cellulose in modifying rheology will surge the market growth in the Middle East & Africa region
Key Players Focus on Manufacturing Sustainable Products to Meet Governments Regulations
The competitive landscape provides well-explained data on the competitors. Key players strive to gain ever-engaging strategies to assess the markets. Companies are taking analytical approaches for expanding their market. The market is researched by SWOT analysis and applying Porter’s Five Force analysis. A comprehensive market study is made to gain estimated data of competitors. Investigating the market using primary and secondary research approaches assisted the competitors in developing strong and long-term strategies. Inclining towards sustainable products will also help manufacturers in meeting the government regulations. Manufacturing and supplying bio-based cellulose will also reduce pollution and it is more cost-effective than those petroleum-based cellulose.
List of Key Players Present in the Market:
- NIPPON PAPER INDUSTRIES CO., LTD. (Japan)
- FiberLean Technologies (U.S.)
- Borregard (Norway)
- Sappi (South Africa)
- Cellulose Lab (Canada)
- Stora Enso (Finland)
- Rise Innventia (Sweden)
- American Process Inc. (U.S.)
- Cellucomp (U.K.)
Read Related News:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: [email protected]