The nanocellulose market is projected to grow from USD 0.4 billion in 2022 to USD 2.0 billion by 2030, at a CAGR of 21.9% from 2022 to 2030. The growth of the market is driven by the rising awareness and demand for nanocellulose in various applications such as paper & pulp, composites, paints & coatings, among others.
Companies such as FiberLean Technologies (UK), Borregaard (Norway), Nippon Paper Industries (Japan), CelluForce Inc. (Canada), Kruger Inc. (Canada) fall under the winners’ category. These are leading players in the nanocellulose market, globally. These players have adopted the strategies of investments, expansions, product launches, mergers and acquisitions, partnerships, raising funds, and agreements to fulfil the rising demand for nanocellulose on the regional as well as global levels.
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Kruger Inc. develops innovative solutions for pulp & paper, containerboard, and packaging applications. The company’s is a major player in renewable energy, tissue products, wines and spirits, and recycling. It has a nanocellulose manufacturing plant in Canada. In June 2022, Kruger Specialty Papers Holding, Kruger’s affiliate, has acquired Domtar’s pulp mill that manufactures northern bleached softwood kraft pulp (NBSK) and unbleached softwood kraft pulp in Kamloops, British Columbia.
Nippon Paper Industries offers nanocellulose through its Chemical division under the Daily-life Products segment. The company’s products are used in various applications from pulping to nano-sizing. It offers nanocellulose technology for cosmetics, pulp & paper, tire, healthcare, and food industries. In September 2021, Nippon Paper Industries and Coca-Cola Japan collaborated to build a sustainable society and conserve forests.
FiberLean Technologies is one of the leading company in microfibrillated cellulose (MFC). The company offers MFC technology to several industries, such as paper & pulp, packaging, and engineered solutions. In March 2021, Werhahn KG Group has acquired 100% ownership of FiberLean Technologies. Building materials, consumer goods, and financial services are the main businesses of Werhahn KG Group.
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
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