Asia Pacific Nanocellulose Market Size & Outlook
Asia Pacific nanocellulose market, 2018-2030 (US$M)
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Asia Pacific nanocellulose market highlights
- The Asia Pacific nanocellulose market generated a revenue of USD 63.4 million in 2022.
- The market is expected to grow at a CAGR of 21% from 2023 to 2030.
- In terms of segment, cnf (nfc, mfc) was the largest revenue generating type in 2022.
- CNC is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 63.4 million |
| Market revenue in 2030 | USD 292.1 million |
| Growth rate | 21% (CAGR from 2022 to 2030) |
| Largest segment | Cnf (nfc, mfc) |
| Fastest growing segment | CNC |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CNF (NFC, MFC), Bacterial Cellulose, CNC |
| Key market players worldwide | Nippon Paper Industries Co Ltd, Borregaard ASA, Nano One Materials Corp, Stora Enso Oyj Ordinary Shares - Class R, CelluForce, FiberLean Technologies, Kruger, CelluComp, Melodea, GranBio |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 18.0% of the global nanocellulose market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 589.2 million by 2030.
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Nanocellulose Market Scope
Nanocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific nanocellulose market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nanocellulose market will help companies and investors design strategic landscapes.
Cnf (nfc, mfc) was the largest segment with a revenue share of 51.26% in 2022. Horizon Databook has segmented the Asia Pacific nanocellulose market based on cnf (nfc, mfc), bacterial cellulose, cnc covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the market in Asia Pacific can be ascribed to the rising importance of using packaging solutions with no processing and no preservatives and further, on account of rising instances of environment-related problems faced by economies such as China and India in recent years.
According to various sources, crates of unwanted packaging waste from the West has accumulated in many ports of Indonesia, the Philippines, and Vietnam. In another instance, huge piles of toxic waste of plastics from Europe and the U.S. has piled up across Malaysia.
To improve these situations, local authorities and governments have vowed to reduce the landfill waste accumulated in the Southeast Asia region by introducing strict regulations related to waste disposal. These steps are likely to lead to the adoption of more-sustainable packaging solutions across the verticals hence driving the demand for nanocellulose across packaging industry over the forecast period.
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Target buyers of Asia Pacific nanocellulose market databook
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Our clientele includes a mix of nanocellulose market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific nanocellulose market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific nanocellulose market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific nanocellulose market size, by country, 2018-2030 (US$M)
Asia Pacific Nanocellulose Market Outlook Share, 2022 & 2030 (US$M)
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