Microfibrillated Cellulose Fiber Market Is Projected To Grow At Over 13% CAGR Through 2028
Market Outlook of Microfibrillated Cellulose Fiber
Wood is made up of a cellulose matrix of fibril bundles, which are made of smaller elements known as microfibrils. The crystalline nature of cellulose microfibrils are maintained through processes of electrospinning, homogenizing, ultrasonication, grinding, and cryo-crushing, allowing for superior mechanical properties. The unique characteristics of microfibrillated cellulose (MFC) fiber makes it a highly-sought-after material in multiple end-use industries.
Efforts by food, paper, and packaging industries, in particular, towards sustainability, is increasing the scope of adoption for MFC fiber with objectives of better barrier properties, strength, and degradability. Niche applications ranging from construction to agriculture set positive prospects for the industry in the long term.
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Key Takeaways of the Microfibrillated Cellulose Fiber Market Study
- Emerging packaging applications such as personal care & cosmetics and food packaging will fuel value growth by 3.3X through 2029
- Barrier film applications among other microfibrillated cellulose applications are estimated to surpass US$120 Mn by 2029 end owing to its advanced barrier properties and growing demand for MFC film for packaging applications
- Fact.MR reports that demand for paper and packaging end use industry of microfibrillated cellulose fiber collectively accounts for over one-third of the global consumption
- Paints and Coatings among other end-use industries is likely to witness a striking growth of ~15-16% throughout the assessment period (2019-2029)
- As compared to developing regions, the sales of microfibrillated cellulose fiber are envisaged to be higher in the countries of North America and Europe. However, developing countries such as India and China are anticipated to gain lucrative profits in the coming years.
The microfibrillated cellulose fiber market is moderately fragmented in nature, owing to the presence of major regional players. Leading manufacturers are largely invested in research and development and product launch strategies, aimed towards expansion of portfolios and expanding the scope of application for microfibrillated cellulose fiber.
- In October 2019, Spinnova collaborated with Fortum to unveil the first prototype of a clothing range manufactured from sustainable microfibrillated cellulose textile fibers extracted from wheat straw, and set on organic cotton wraps.
- In November 2019, Stora Enso Oyj, a leading manufacturer of high-end cartonboards, presented a range of innovations in terms of cellulose pulp, as potential replacements for oil derivatives and plastic packaging for application in cosmetic formulations.
- Borregaard, a leading Norwegian biorefinery player, developed and launched Sense-Fi, a fat substitute and thickener. Based in microfibrillated cellulose, the material is produced through the conversion of indigestible cellulose into starch.