Nanocellulose Market 2017 to 2024, key industry players & growth trends

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Nanocellulose Market growth outlook with industry
review and forecast 2017-2024
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Global Market Scenario of Nanocellulose Industry

• The Nanocellulose Market will be augmented by the
  integration of nanomaterials in food packaging.
  This will lead to a reduction in food waste as it
  preserves the freshness of packed food.
• Nanocellulose Market size will likely surpass USD
  1 billion by 2024
• Nanocellulose market is driven by its
  applications in the food beverage packaging
  materials, due to its exceptional characteristics
  which help prevent the food content spoilage and
  blocks the oxygen entry in it.
• Moreover, the product is used to substitute
  polystyrene-based foams and also helps improving
  the shelf life, thus improving the overall food
  quality. An innovative packaging technology well
  known as active packaging integrates the usage
  of these nanocellulose in packaging materials
  which aid to regulate the food bacterial external
  contamination.
• This technology is fascinating a huge attention
  in the food packaging industry due to the rising
  buyer demands for preservative-free and minimum
  processed eatables.

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• Another driving factor for nanocellulose market
  is the Asia Pacific region which has a vast
  growing population with enormous rising income
  levels of consumers. Increasing number of
  developing countries in this region, coupled with
  exponential growth rates will spur the personal
  care and cosmetics industry in Asia Pacific.
• People living in the developing countries of this
  region have started to improve their lifestyles
  and standard of living due to the growth in the
  corporate culture. This has led to increasing
  awareness of personal grooming and hygiene.
  Rising use of cosmetic products, fragrances, and
  other personal care products will propel the
  cosmetic and personal care industry, eventually
  boosting the nanocellulose market in future.

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360 Industry Analysis

• Due to recent technological advancements and
  product development, there is a lesser awareness
  of these composites in the industry.
  Manufacturers in various industries do not know
  about these submicroscopic particles and their
  properties. This unawares of the product will
  result in slower nanocellulose market growth in
  the forecast timespan.
• In the nanocellulose market, nanofibrillated
  cellulose segment is said to gain the highest
  share of over USD 540 million by 2024 owing to
  its superior properties. Bacterial nanocellulose
  will grow at a highest CAGR of over 40 to
  capture a market share close to USD 27 million by
  2024.
•  
• The composites segment in the nanocellulose
  market is said to gain market share slightly
  lesser than 40 by the end of the forecast spell
  wing to its huge applications. In terms of
  revenue, the food and beverage segment is said to
  surpass USD 90 million by 2024 in the overall
  nanocellulose market. In terms of revenue, oil
  gas segment is said to grow at a highest CAGR in
  the future years.

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Industry Background
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• Regional Analysis
• North America is said to capture over 40 share
  in the entire nanocellulose market by 2024 owing
  to technological upgradations and industrial and
  manufacturing developments in this region. Asia
  Pacific will exhibit growth at a lucrative rate
  to surpass USD 210 million by the end of the
  forecast period.
• Competitive Analysis
• Key nanocellulose market players currently
  present include Nippon Paper Group Inc.,
  Borregard ASA, Sappi Ltd., Innventia AB, Asahi
  Kasei Corporation, J. Rettenmaire Sohne GmBH
  (JRS), Kruger Inc., Fpinnovations, CelluForce
  Inc., CelluComp Ltd., Melodea Ltd., Daicel
  FineChem Ltd., Stora Enso and American Process
  Inc.

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