The Regenerated Cellulose Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Regenerated Cellulose Global Market Report 2024, The regenerated cellulose market size has grown strongly in recent years. It will grow from $14.86 billion in 2023 to $16.3 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to demand for sustainable fibers, shift from synthetic to natural fibers, fashion and textile industry trends, market acceptance, rising demand in various applications.
The regenerated cellulose market size is expected to see strong growth in the next few years. It will grow to $23.15 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to sustainability focus, stringent environmental regulations, consumer preferences for green products, circular economy initiatives, evolving textile industry trends.. Major trends in the forecast period include waste reduction initiatives, material innovation collaborations, corporate sustainability goals, innovative applications, consumer awareness.
Increasing global demand for eco-friendly textiles is expected to propel the growth of the regenerated cellulose market going forward. The eco-friendly textile is made from fabrics that are produced in an environmentally friendly manner, without the use of chemicals and pesticides during the growing process. Regenerated cellulose is a type of material created by converting natural cellulose to a soluble cellulosic derivative and then regenerating it to form either a fiber or a film. For instance, in July 2023, according to TheRoundup, a US-based website committed to increasing environmental awareness and sustainability in our daily lives, the global yearly sales of eco-friendly clothes will increase by $1,574.2 million by 2025. Therefore, the increasing global demand for eco-friendly textiles is driving the growth of the regenerated cellulose market.
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The regenerated cellulose market covered in this report is segmented –
1) By Type: Fiber, Film
2) By Manufacturing Source: Viscose, Cuprammonium, N-ethyl-Morpholine-N-Oxide (NMMO)
3) By End Use Industry: Fabric, Automotive, Agriculture, Packaging, Other End Use Industries
The adoption of new technologies to produce and dissolve regenerated cellulose is the key trend gaining popularity in the regenerated cellulose market. Major companies operating in the market are developing innovative technologies and products with features such as lower carbon emissions, recycling discarded clothing and textile waste into regenerated cellulose, producing regenerating cellulose fibers with ionic liquids (ILs) as the solvent and others to sustain their position in the market. For instance, in March 2022, Polyplastics Co., Ltd., a Japan-based company that manufactures plastics and polymers, launched PLASTRON LFT. Plastron LFT is produced from specially designed regenerated cellulose fibers. The ecologically friendly PLASTRON LFT provides both weight reduction and durability, allowing manufacturers to reduce their environmental impact while satisfying today’s sustainability requirements. Eco-friendly resins containing natural fibers, starch, wood powder, and other plant-based and natural mineral filler ingredients are being investigated for usage in a wider range of applications. Cellulose is a potential material for reducing CO2 emissions, but its lack of strength is a barrier. Polyplastics has overcome this issue by developing LFT resins with an outstanding balance of physical qualities utilizing regenerated cellulose. Regenerated cellulose is natural cellulose that has been wet-spuned into continuous fibers..
The regenerated cellulose market report table of contents includes:
1. Executive Summary
2. Regenerated Cellulose Market Characteristics
3. Regenerated Cellulose Market Trends And Strategies
4. Regenerated Cellulose Market – Macro Economic Scenario
5. Global Regenerated Cellulose Market Size and Growth
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26. South America Regenerated Cellulose Market
27. Brazil Regenerated Cellulose Market
28. Middle East Regenerated Cellulose Market
29. Africa Regenerated Cellulose Market
30. Regenerated Cellulose Market Competitive Landscape And Company Profiles
Top Major Players:
- Natureworks LLC
- Bio-On SRL
- BASE SE
- Tianan Plantic Technologies Limited
- Asahi Kasei Corporation
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