Nanocellulose Market Future Prospects
The nanocellulose market will generate an estimated USD 593.6 million in revenue in 2024 and witness a CAGR of 24.1% during 2024–2030, reaching USD 2,170.8 million by 2030. This is attributed to the growing demand for this chemical in different applications and the growing trend of bio-based goods. The rising environmental awareness, the requirement for sustainable alternatives, and the transition to a circular economy boost the demand for ecological and renewable materials such as nanocellulose.
Nanocellulose has qualities such as light base mass, high freeness, better filler content, and increased paper machine efficiency, which make it ideal for packaging, personal care, construction, and automotive applications.