Global Market Insights Inc., has projected cellulose market size to surpass US$ 235 billion by 2026.
At the time when the world is grappling to combat the pandemic, demand for cellulose—nanocellulose—has grown steadily in 2020. Nanocellulose has come up as a compelling cellulose to produce COVID-19 test kits.
Nanocellulose-based test kits are being manufactured using textile materials such as cotton and the material has become popular as an affordable sophisticated material boasting low cytoxicity and biodegradability. It is pertinent to mention that advanced nanocellulose was sought-after for Ebola virus, HIV virus and hepatitis C virus.
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Use of microcrystalline cellulose
Of late, microcrystalline cellulose (MCC) has witnessed a pressing demand as an additive in biscuits, cakes & pastries, breads, beverages and snacks. MCC has set the trend as a functional ingredient in food, including emulsion, meat products, dairy products, beverages, bakery, confectionary and filling.
Besides, traction for non-wood-based MCC has come to the fore which are being developed as an MCC source, such as oil palm fronds, corn cob and sugar cane bagasse, underscoring cellulose market trends.
Growth drivers in pharmaceuticals
Cellulose can be used to as a pharmaceutical excipient to boost solubility, enable accuracy of dose and bolster stability. More importantly, traction for cellulose to modify drug release, improve bioavailability, propel patient acceptability and use in product quick identification has surged in the past several years.
Use of cellulose and its derivative-based excipients are driving growth in sustained drug delivery systems. To put things in perspective, it is highly desirable in modifying the gelling behavior of drugs to have a control on the release profiles of drugs.
Lucrative growth opportunities in North America
Cellulose is likely to provide lucrative growth opportunities for well-established players and startups as both advanced economies and emerging economies eye to cash in on its versatility. North America will experience a strong demand for cellulose derivatives in the food industry. So much so that trend for nutraceutical and functional ingredient in the U.S. and Canada will augur well for players vying to boost North America cellulose market revenue.
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Asia Pacific is likely to witness a notable traction for dairy products, bakery, emulsion and meat products, signifying the significance of cellulose as a functional ingredient. More importantly, promising end-use applications in pharmaceuticals and nutraceutical food industries will accentuate APAC cellulose market value.
Stakeholders will eye to surmount the challenges which are likely to crop up in the form of mild side effects and high cost. Manufacturers will continue to add value to their product portfolios as cellulose will gain traction in paper industry to bolster strength, lipid barriers and paper-based packaging’s air. Microcrystalline cellulose will be used as a pharmaceutical excipient and will expand its penetration in food industry.
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