Regenerated Cellulose Market Size & Share, Type (Fiber, Film); Product Type (Rayon Regenerated Cellulose, Lyocell Regenerated Cellulose, Modall Regenerated Cellulose); Source (Wood Pulp, Non-wood Pulp, Recycled Pulp, Bamboo); Manufacturing Process (Viscose, Cuprammonium, NMMO, Acetate); End-Use Industry (Fabric, Automotive, Agriculture, Packaging) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5875
  • Published Date: Mar 11, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


Regenerated Cellulose Market
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Regenerated Cellulose Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Stress in Sustainability in Different Industries- The economic and generous consequences of increasing costs of energy and food are similarly deepening. The war in Ukraine has also astonished a world-weary and impaired by the COVID-19 epidemic. The virus has taken over six million lives, and in April 2022, it is still creating thousands of deaths every day. The background inside which these disturbances appear, moreover, is an omnipresent climate crisis, whose effectual limitation will need an international shift to a low-carbon economy. The human deposition and economic cost this involve could become change-makers of historic dimensions in their own right. The recent era is more and more explained by the interplay of intricate disintegration, with their diverse origins and permanent results. Institutions are not completely developed for the fresh reality, frequently reacting individually to every disorder.
  • Technological Modification in Techniques- Tech organizations capture approximately half of all undertaking capital dollars, and anticipated output expansion is at 135%. Cloud computing, machine learning AI, and big data were mentioned as the sub-sectors that will have the biggest influence on the increasing rate of creation. The past ten years have noticed an enormous increase in the rate of creation. Much of this creation has been assembled into three areas: microelectronics, biotechnology, and fresh components.
  • The Creation of New Cellulose Derivatives- One major benefit of sustainable home construction equipment is its energy efficiency. According to the US Department of Energy, homes developed with sustainable agents can implement enhanced to 50% less energy than traditional homes. This is because sustainable materials such as insulation and windows are designed to keep heat within during the winter and outwardly during the summer, restricting the need for heating and cooling systems. This means that landlords can save money on their energy bills while also restricting their carbon footprint. Another benefit of sustainable materials is their durability.

Challenges

  • Contest from Other Sustainable Components and Higher Cost of Production- Contest from other renewable components restrains market requirement for regenerated cellulose. Substitute eco-friendly components such as bamboo, hemp, and organic cotton present equivalent environmental advantages and can distract requirements. Clients and industries examining renewability have several choices, making it essential for regenerated cellulose manufacturers to discriminate their offerings. This contest shows the requirement for constant creation, cost-efficiency, and a powerful value put forward to manage and extend market share inside the context of renewability-pushed clientele choices. Furthermore, the cost of manufacturing is a substantial impede on the regenerated cellulose market. The manufacturing techniques, which frequently include chemical treatments and progressed technology, can be costly. This outcome in higher generation costs, which may lead to exalted prices for regenerated cellulose materials. Stringent Government Policies 
  • Inconsistent Raw Materials Prices

Regenerated Cellulose Market: Key Insights

Base Year

2023

Forecast Year

2036

CAGR

∼9%

Base Year Market Size (2023)

~USD 18 Billion

Forecast Year Market Size (2036)

~USD 42 Billion

Regional Scope

  • Asia Pacific (Japan, China, India, Australia, Others)
  • North America (North America, Canada, Mexico)
  • Europe (Germany, Spain, UK, France, Italy, Russia, Others)
  • Middle East and Africa (South Africa, UAE, Others)
  • Latin America (Brazil, Argentina, Others)
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Regenerated Cellulose Segmentation

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:

          Type

  • Fiber
  • Film

          Product Type

  • Rayon Regenerated Cellulose
  • Lyocell Regenerated Cellulose
  • Modall Regenerated Cellulose

          Source

  • Wood Pulp
  • Non-wood Pulp
  • Recycled Pulp
  • Bamboo

          Manufacturing Process

  • Viscose
  • Cuprammonium
  • NMMO
  • Acetate

          End-Use Industry

  • Fabric
  • Automotive
  • Agriculture
  • Packaging

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Regenerated Cellulose Industry - Regional Synopsis

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.

Research Nester
Regenerated Cellulose Market size
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Companies Dominating the Regenerated Cellulose Regenerated Cellulose Market

top-features-companies
    • Lenzing AG
      • Company Overview
      • Business Planning
      • Main Product Offerings
      • Financial Execution
      • Main Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Base SE
    • Sappi Limited
    • Kelheim Fibres GmbH
    • Tangshan Sanyou Group
    • Xingda Chemical Fibre Co., Ltd.
    • Fulida Group Holdings Co., Ltd.
    • Sateri Holdings Limited
    • Grasim Industries Ltd.
    • Austrocel GmbH

In-the-news

In The News

  • February 15, 2024: Lenzing AG has modernized its climate aims to associate with the objectives of the Paris Agreement to restrict the human-caused international temperature rise to 1.5 degrees Celsius. The Science Based Targets Initiative (SBTi), the most esteemed organization in the area of climate-associated target setting, has reviewed and ensured this target modification.
  • February 01, 2024: Lenzing AG a leading international manufacturer of wood-dependent specialty fibers, has teamed up with leather substitute expert Recyc Leather to introduce Pélinova®, a creative component that fuses TENCEL™ Lyocell fibers and reused leather fibers for high-end fashion utilizations. Meeting forces with Danish progressed contemporary brand GANNI, this energetic trio is plunging into bringing this next-production component to the market as a substitute for actual leather components, beginning with GANNI’s Slouchy Boots launching early this year.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5875
  • Published Date: Mar 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The exponential use of the construction industry worldwide will majorly drive the market growth of the regenerated cellulose market.

The market size of the regenerated cellulose market is expected to get a CAGR of approximately 9% over the forecast period, i.e., 2024 – 2036.

The major players in the market are Lenzing AG, Base SE, Sappi Limited, Kelheim Fibres GmbH, Tangshan Sanyou Group, Xingda Chemical Fibre Co., Ltd., Fulida Group Holdings Co., Ltd., Sateri Holdings Limited, Grasim Industries Ltd., Austrocel GmbH, Asahi Kasei Corporation, Koei Chemical Co., Ltd., Nippon Chemical Industrial Co., Ltd., Japan Chemical Database Ltd.

The fiber segment is anticipated to reap the largest market size with almost 76% by the end of 2036 and demonstrate substantial growth scopes.

The market in the APAC region is expected to have the largest market share by the end of 2036 and provide more business opportunities in the future.
Regenerated Cellulose Market Report Scope
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