Cellulose Market size was over USD 39.67 Billion in 2023 and is poised to exceed USD 140.22 Billion by the end of 2036, witnessing over 10.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cellulose is estimated at USD 43.72 Billion. The growth of the market can be attributed by growth in pulp & paper industry. The pulp and paper industry refer to the two major uses of pulp which is extracted from natural and artificial sources. For instance, global paper output hit a record peak in 2021 of about 410 Mt, an approximate 3% rise from 2020, after three years of mild decline from 2018 to 2020.
The pulp is then used in manufacturing sanitary pads and diapers. Hence rise in purchase of sanitary pads and diapers are further estimated to boost the growth of the market over the forecast period. India sold approximately 4 billion sanitary napkins in total in 2016. This is anticipated to nearly treble to about 9 billion pieces sold by 2021.
Growth Drivers
Growing Use of Diapers- According to an estimate, a newborn that wears an average of about more than 9 diapers each day for the first month of his life may go through as many as about 299 diapers overall.
Growth in Construction Industry- With world population touching 8 billion, the requirement for new and better homes is continuously rising. It is estimated that, by 2025, the Indian construction market is anticipated to grow to approximately USD 2 Tn.
Robust Growth in Personal Care Industry- Approximately 160 million people, or 70% of American women, use cosmetics on a daily basis, spending an average of USD 14,000 on them over the course of their lifetime.
Surge in Demand for Forest-Based Textile Fibers- The market climate is shifting in favour of forest-based fibres due to factors such as a lack of land for expanding cotton production, environmental concerns regarding cotton and new technology for extracting fibre from wood. When compared to 2018, the yearly production of wood-based textile pulps would increase by 15 Mt in 2035.
Significant Growth in Automotive Industry- The automotive sector is expected to continue to expand, owing to rising incomes. The advent of electric vehicles is also expected to cause positive changes in the sector. By 2030, the EV market is anticipated to reach approximately 9 million annual sales, growing at a CAGR of about 50% between 2022 and 2030.
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
10.2% |
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Base Year Market Size (2023) |
USD 39.67 Billion |
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Forecast Year Market Size (2033) |
USD 140.22 Billion |
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Regional Scope |
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End-user (Textile, Food, Chemical Synthesis, Pharmaceuticals, Construction, Paper & Pulp, Paints & Coatings)
The cellulose market is segmented and analysed for demand and supply by end-use industry into textile, food, chemical synthesis, pharmaceuticals, construction, paper & pulp, and paints & coatings. Out of which the paper & pulp segment is anticipated to garner the largest revenue by the end of 2036, backed growing consumption of paper and pulp. In 2021 approximately 400 million tonnes of paper and paperboard were consumed worldwide. The expected increase in consumption over the next ten years is expected to bring it to about 470 million tonnes by 2032.
Our in-depth analysis of the global market includes the following segments:
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By Derivative Type |
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By End-Use Industry |
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APAC Market Statistics
The Asia Pacific cellulose market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036, owing to growth in chemical synthesis industry in this region. Chemical synthesis is also used in making of synthetic food. Hence growing consumption of synthetic food is further expected to boost the market growth in this region. Food ingredients that have been chemically transformed into edible items are used to make synthetic food. Proteins, carbs, lipids, vitamins, trace elements, cells, and even air are used by scientists in laboratories to make food. Also, there has been growing investment in manufacturing synthetic food. Companies in India harnessing synthetic biology to upend the agro-food systems have seen an increase in investment. In these businesses, an approximately 5 billion was invested in 2021, which is equal to the total amount of money invested over the previous ten years. Nearly 4 billion was invested in firms that use synthetic biology to create food goods like dairy substitutes and meat analogues.
Sappi Limited
Anhui Guozhen Group, a Chinese green energy company, Chemtex Chemical Engineering, a global engineering firm, and Clariant, a focused and forward-thinking speciality chemical company, have inked a licencing agreement on sunliquid cellulosic ethanol technology.
Bracell's new factory, Project Star produced the first cellulose sheet to kick off business operations and begin the company's learning curve. The company's audacious growth plan in the State of So Paulo, which would diversify and boost the plant's output to 1.5 million tonnes of soluble cellulose or up to 3 million tonnes of kraft cellulose annually, was made possible by the startup. The company has started operations and is now the largest manufacturer of soluble cellulose in the world.
Author Credits: Rajrani Baghel
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