Microfibrillated Cellulose Fiber Market Grows Rapidly with Impressive CAGR of 13.6% by 2031 – Find Fact.MR



Microfibrillated Cellulose Fiber Market By Application (Barrier Films, Performance Enhancers), By End-Use Industry (Paper, Packaging) and Regional Forecast 2021-2031

USA, Rockville, MD, April 10, 2022 (GLOBE NEWSWIRE) — The microfibrillated cellulose fiber market is expected to grow at a CAGR of 13.6% from 2021 to 2031, according to a recently released Fact.MR report. By the end of 2029, the market is expected to reach US$300 million.

Moreover, increasing investment in research and development activities to develop cost-effective production technology and collaboration of leading players with end-use industry giants will further boost the global growth microfibrillated cellulose fiber market.

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Demand outlook for Microfibrillated cellulose fiber 2021 to 2031

From 2016 to 2020, the microfibrillated cellulose fiber market experienced strong growth, increasing by around 12%. The industry has been moderately fragmented. In addition, the packaging sector particularly saw stronger growth in high-income regions, with Europe and the United States accounting for higher production compared to the Middle East and Africa and the United States. ‘Latin America.

According to the Fact.MR report, North America is the second largest regional market for MFC fiber, and the United States is expected to account for more than 90% of the region’s market share by the end of the year. projection period.

According to the Environmental Protection Agency (EPA), in 2018, approximately 32 million tons of corrugated boxes were recycled from nearly 34 million tons of global recycling volumes. The recycling rate of corrugated boxes was 96.5%. Additionally, according to the American Coatings Association (ACA) 2020 Sustainability Report, 11 states nationwide have enacted laws to establish detailed programs for the adoption of sustainable paints and coatings under their jurisdiction.

To learn more about Microfibrillated cellulose fiber Market, you can contact our analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=1710

Key insights from market research

  • Emerging packaging applications such as personal care, cosmetics and food packaging will fuel 3.3x value growth through 2029

  • Barrier film applications among other microfibrillated cellulose applications are estimated to exceed US$120 million by 2029 due to its advanced barrier properties and growing demand for MFC film for packaging applications

  • Fact.MR reports that demand for the microfibrillated cellulose fiber paper and packaging industry collectively accounts for more than a third of global consumption

  • Paints & Coatings, among other end-use industries, is expected to see a striking growth of around 15-16% throughout the assessment period (2019-2029)

  • Compared with developing regions, sales of Microfibrillated Cellulose Fiber are expected to be higher in North America and Europe countries. However, developing countries such as India and China are expected to reap lucrative profits in the coming years.

Competitive landscape

The microfibrillated cellulosic fiber market is moderately fragmented due to the presence of major regional players. Leading manufacturers are investing heavily in research and development and product launch strategies, aiming to broaden portfolios and broaden the application scope of microfibrillated cellulose fiber.

  • In October 2019, Spinnova collaborated with Fortum to unveil the first prototype of a line of garments made from sustainable microfibrillated cellulose textile fibers extracted from wheat straw and mounted on organic cotton casings.

  • In November 2019, Stora Enso Oyj, a leading manufacturer of premium paperboard, presented a range of innovations in cellulose pulp, as potential substitutes for petroleum derivatives and plastic packaging for a application in cosmetic formulations.

  • Borregaard, one of Norway’s leading biorefinery players, developed and launched Sense-Fi, a fat substitute and thickener. Based on microfibrillated cellulose, the material is produced by the conversion of indigestible cellulose into starch.

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Market segments covered by Microfibrillated cellulose fiber Industry Analysis

  • Application

    • Barrier films

    • Performance enhancers

    • Rheology modifiers

    • Thickening agents

    • Reinforcers

  • End-use industry

    • Paper

    • Packaging

    • Dairy

    • Others

    • Food

    • Paints and coatings

    • Personal care

    • Others

  • Region

    • North America (USA and Canada)

    • Latin America (Mexico, Brazil and rest of LATAM)

    • Europe (EU-4, Nordics, Benelux, Poland and Rest of Europe)

    • Russia/CIS

    • Japan

    • Asia-Pacific excluding Japan (China, India, ASEAN, South Korea, Australia and New Zealand, and rest of APEJ)

    • Middle East and Africa (GCC Countries, South Africa and Rest of MEA)

Key points covered in Microfibrillated cellulose fiber Industry Survey:

  • Market estimates and forecasts (2016-2032)

  • Key Drivers and Restraints Shaping Market Growth

  • Analysis by segment, by country and by region

  • Competitive Mapping and Benchmarking

  • Market share analysis

  • Impact of COVID-19 on microfibrillated cellulose fiber and how to navigate

  • Recommendation on the main winning strategies

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Fact.MR, in its new offering, presents an unbiased analysis of the Microfibrillated Cellulose Fiber Market, showcasing historical market data (2016-2020) and forecast statistics for the period 2021-2031.

The microfibrillated cellulose fiber market is highly consolidated with key players dominating the overall market with 75% of global sales. Manufacturers are increasingly focusing on advancing production technologies to develop innovative products to maintain a strong position in the market. Manufacturers are increasing production capacity and collaborating with end-use industry giants to meet growing demands for microfibrillated cellulose fibers globally.

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