Microfibrillated Cellulose (MFC) Market Size, Share, Growth, and Industry Growth by Type (Mechanical Method, Chemical Method, and Biological Method) By Application (Food, Paints & Coatings, Paper, Packaging, Personal Care, and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Microfibrillated Cellulose (MFC) Market REPORT OVERVIEW

• 

• Request a Free Sample to learn more about this report

The global microfibrillated cellulose (MFC) market size was USD 1497.2 million in 2021 and market is projected to touch USD 4692 million by 2031, CAGR of 12.1% from 2021 to 2031.

Microfibrillated cellulose (MFC) is commonly known as a wood build-up by a cellulose matrix. It has a high viscosity and yield stress.  

Microfibrillated cellulose (MFC) market dynamics are increased demand for the product among packaging, paper, food, personal care, and paint & coating, several advantages of the product, Increased use of MFC instead of aluminum films is estimated to surge market growth in the forthcoming years. Several market players in the market and new product launch is anticipated to surge market growth in the forthcoming years. High need for biodegradable products and a high need for sustainable and green packaging solutions is anticipated to drive market progress. The product is used as a natural performance for bio-based packing for its high quality, stronger durability, and satisfying food safety standards. The product is extensively used in the paper and packing sector and is anticipated to drive market progress in the forthcoming years. On the contrary, the lack of universal directives’ pertaining to applications and less awareness about the product in the developing region is estimated to limit market growth in the forthcoming years. High energy consumption during the mechanical fibrillation is predicted to hamper market progress.

COVID-19 Impact: Lower Rate of Industrial Activities to Reduce Market Growth

The sudden outbreak of the COVID-19 pandemic led to strict lockdowns, which reduced industrial activities. Closure of the industrial sector and lack of manufacturing activities to minimize market growth. Further, the slowdown of economic growth reduces market progress. Shutting of several end-users such as packaging, paper, food, personal care, and paint & coating to hamper market growth during the pandemic period.

LATEST TRENDS

"Increased Demand from Paper Industry to Fuel Market Growth"

Increasing need from the paper sector and several advantages of the product such as high wet web, increased filler content, and huge need for the product in graphic papers. Growing adoption of papers in documents and other works is anticipated to fuel market growth. Ongoing R&D activities and increased industrialization is expected to surge market growth. It has extensive applications such as nanocomposite materials, nanopaper, aerogel, medicine, and papermaking is estimated to fuel market growth in the forthcoming years.

Microfibrillated Cellulose (MFC) Market SEGMENTATION

• 

• Request a Free Sample to learn more about this report

• By Type

Based on type, the market is divided into mechanical method, chemical method, and biological method.

Mechanical method is expected to be the top part of the segmentation type.

• By Application

Based on the application, the market is divided into food, paints & coatings, paper, packaging, personal care, and others.

Paints & coatings are expected to be the top part of application segmentation.

DRIVING FACTORS

"Increased Demand from Packing Sector to Foster Market Growth "

The increasing need from packing sector is estimated to foster market growth, and the product is used as a natural performance for bio-based packing for its high quality, stronger durability, and satisfy food safety standards. The product is extensively used in the paper and packing sector and is anticipated to drive market progress in the forthcoming years. A huge need for effective packing due to growing number of shipping is predicted to fuel market growth. It has several benefits, such as strength and reduce weight is anticipated to drive market progress.

"Ongoing R&D Activities and Increased Industrialization to Fuel Market Progress"

Ongoing R&D activities and increased industrialization is estimated to surge market growth. Increased use of MFC instead of aluminum films is estimated to surge market growth in the forthcoming years. Several market players in the market and new product launch is anticipated to surge market growth in the forthcoming years. High need for biodegradable products and a high need for sustainable and green packaging solutions is anticipated to drive market progress in the forthcoming years.

RESTRAINING FACTORS

"High Energy Consumption and Less Awareness About the Product to Limit Market Growth "

Lack of universal directives’ pertaining to applications and less awareness about the product in the developing region is estimated to limit market growth in the forthcoming years. High energy consumption during mechanical fibrillation is predicted to hamper market progress.

Microfibrillated Cellulose (MFC) Market REGIONAL INSIGHTS

• 

• Request a Free Sample to learn more about this report

"Increased Need for Packing and Huge Need for Green Packing Solutions in Asia Pacific to Drive Market Share "

Asia Pacific is anticipated to account for the highest microfibrillated cellulose (MFC) market share owing to an increased need for packing. A high need for sustainable green packing solutions in the region is anticipated to drive market growth. The product is used as a natural performance for bio-based packing for its high quality, stronger durability, and satisfying food safety standards. The product is extensively used in the paper and packing sector and is anticipated to drive market progress in the forthcoming years.

North America is projected to hold significant market growth owing to ongoing R&D activities. Increased industrialization and urbanization are projected to foster market progress.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Fulida
• Daicel FineChem Ltd. (U.S.)
• CelluComp (U.K.)
• Aditya Birla Group (India)
• Borregaard (Norway)
• Norkse Skog (Norway)
• Weidmann Fiber Technology (Switzerland)
• InoFib (India)
• Nippon Paper Group (Japan)
• FiberLean Technologies (U.S.)
• Lenzing (Austria)
• SAPPI (South Africa)
• Stora Enso (Finland)
• Zelfo Technology (Germany)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.