Regenerated Cellulose Market size is expected to reach USD 42 Billion by the end of 2036, growing at a CAGR of 9% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of regenerated cellulose was USD 18 Billion. The exponential use of the construction industry worldwide will primarily drive the market growth of regenerated cellulose. There is an environmental concern and social concern associated with the environmental influence of the textile industry, demonstrating the increasing requirement for growing green and renewable techniques throughout this industry’s supply chain. Upstream, because of population expansion and the increase in utilization of textile fibers, fresh renewable raw components and techniques must be found. Cellulose shows exceptional structural components, being the most essential and accessible sustainable resource for textiles.
Another reason that will propel the market of regenerated cellulose by the end of 2036 is the increasing initiatives of people to protect the environment from damage. After the IPCC’s earlier warning of catastrophic impacts from surpassing 1.5 °C global warming, growing countries, which are most unprotected from the adverse influences of climate change, are admonished of disaster and the despairing requirement for substantial modification financing. Simultaneously, the wealthiest nations are striving to wean themselves off fossil fuels while making their climate impartiality pledges. World leaders must convert toward ecological security, comprising creative climate-intentional objectives to curb the international collective carbon footprint and generate renewable change.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2036 |
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CAGR |
∼9% |
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Base Year Market Size (2023) |
~USD 18 Billion |
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Forecast Year Market Size (2036) |
~USD 42 Billion |
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Regional Scope |
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Type (Fiber, Film)
The fiber plaster segment will grow in the regenerated cellulose market most by the forecast period and will hold almost 76% because of the rising requirement for eco-friendly products that increase renewability worldwide. For instance, the increasing use of renewable polyethylene in different sectors is all the initiative to make the world a better place in the future. With the increasing concern of climate change, consumers are more and more requiring products that are renewable and eco-friendly. This conversion in clientele behavior has led to the increase of eco-friendly products in different industries. For instance, the fashion industry has noticed an increase in the requirement for renewable clothing made from organic components or recycled fibers. Likewise, the food and beverage industry has seen a rise in the requirement for locally sourced, biological, and plant-dependent products. Businesses that arrange renewability and pander to this requirement are possibly to acquire a competitive edge. All these factors collectively will help to grow this segment in the regenerated cellulose market by the end of 2036.
Source (Wood Pulp, Non-wood Pulp, Recycled Pulp, Bamboo)
The wood pulp segment will have superior growth during the forecast period and will hold around 46% of the revenue share in the regenerated cellulose market owing to the increasing use of wood pulp in different applications, like LCD screens, food casing, and binding components in pharmaceutical firms. Its utilizes range from the things people depend on daily such as tissues and baby wipes, to the objects people may not assume as being created from pulp, such as LCD screens, car filters and tires, and sustainable fuel. It is created by separating fibrous parts of plants, trees, and recycled paper. It is usually utilized in papermaking, and in these scenarios, the pulp is most frequently created from trees. Pulp is also pretty eco-friendly; when reprocessed properly, it can be utilized as many as 5 to 7 times. It’s an excellent choice for those looking for ecologically produced materials. This increasing use of the wood pulp segment will help the regenerated cellulose market to grow massively during the forecast period.
Our in-depth analysis of the global regenerated cellulose market includes the following segments:
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End-Use Industry |
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APAC Market Statistics
The regenerated cellulose market in the APAC region will have the biggest growth during the forecast period with a revenue share of around 36%. This growth will be noticed owing to the increasing expansion of sustainable packaging processes in this region. For instance, from an undeviating model, Indonesia’s packaging industry is quickly moving towards a circular economy. This has been made more marked by the investments of leading organizations into fields that will limit, recycle, and reuse plastics. As an economy combating a massive plastic waste stockpile touching 18.99 million tons yearly dependent on Environment and Forestry Ministry information, Indonesia has situated a circular economy as its primary concentration by utilizing Golden Indonesia Vision 2045 which is the permanent national growth strategy. Thus, this increasing awareness of the packaging industries in developing countries will help the APAC region to hold the biggest regenerated cellulose market.
North American Market Analysis
The regenerated cellulose market in the North America region will also encounter huge growth during the forecast period and will hold the second position owing to the increasing expansion of the fashion and textile industry in this region. In 2022, the industry demonstrated its flexibility, almost equivalenting the record economic revenue of 2021. Sounding the pattern of the earlier year, the luxury sector exceeded, with a 36 percent increase in economic revenue that balances weakness in other segments. This will further increase the revenue growth of the regenerated cellulose market.
Author Credits: Smruti Ranjan, Rajrani Baghel
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