According to a recent market study published by Growth Market Reports, titled, “Global Microfibrillated Cellulose (MFC) Market by Types, Applications, and Regions: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 4,184.6 million in 2019 and is anticipated to expand at a CAGR of 23.0% by the year 2027. The global microfibrillated cellulose (MFC) market is anticipated to grow owing to the factors such as unique benefits of microfibrillated cellulose over its alternatives, continuously growing packaging industry, and increasing inclination of consumers towards biodegradable packaging material.

The global microfibrillated cellulose (MFC) market is fragmented based on types, applications, and regions. Based on types, the microfibrillated cellulose (MFC) market is categorized into mechanical method, chemical method, and biological method. On the basis of applications, the microfibrillated cellulose (MFC) market is segregated into paper, packaging, food, paints & coatings, personal care, and others.

Based on regions, the global microfibrillated cellulose (MFC) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, Asia Pacific is further segmented into India, China, South Korea, Australia, Japan, and Rest of Asia Pacific. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa (MEA).

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In the year 2020, the microfibrillated cellulose (MFC) market is expected to witness slow growth due to COVID 19 pandemic. The recent outbreak of Covid-19 has had a major impact on various industries such as paper, packaging, food, paints & coatings, and personal care. As microfibrillated Cellulose (MFC) is majorly used in these industries, the adoption of MFC is expected to reduce in the near future. Moreover, the complete and partial lockdowns in the countries across the globe have negatively impacted the food and paper businesses thereby, affecting the market growth during this pandemic.

As per Growth Market Reports industry analyst Akshata Ahire, “The Global Microfibrillated Cellulose (MFC) market is anticipated to witness significant growth during the forecast period from 2020 - 2027 driven by the increasing applications of microfibrillated cellulose across various industries and rising preference for environment-friendly packaging material. Microfibrillated cellulose (MFC) can be derived from plant waste that makes the price of MFC competitive. The mode of production has changed owing to the progress of various forms of optimization over the past few years.

Key Takeaways from the Study

  • The companies such as Stora Enso, Norkse Skog, and Borregaard hold approximately one-fifth of the market share of the global microfibrillated cellulose (MFC) market in the year 2019.
  • Europe accounts for a major share of the market, followed by Asia Pacific. The market in North America is projected to expand at a substantial CAGR during the forecast period.
  • The coating industry is witnessing a shift towards waterborne systems for the management of the environment as well as occupational health. This trend of considering microfibrillated cellulose (MFC) as an ecological alternative for fossil fuel-based polymers used across multiple paint & coating products is expected to create a new customer base for micro fibrillated cellulose (MFC) in the coming years.

Report Scope

Report Metric

Details

Market Value in 2019

USD 4,184.6 million

Market Growth Rate (from 2020 to 2027)

23.0%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 - 2027

Units Considered

Value (USD Million)

Market Segments

Types , Applications

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

U.S., Canada, Brazil, Mexico, Rest of Latin America, India, China, Japan, South Korea, Australia, Rest of Asia Pacific, U.K., France, Germany, Italy, Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, UAE, and Rest of MEA.

Key Companies Profiled

FiberLean Technologies, Borregaard, Stora Enso, Daicel FineChem, Norkse Skog, Zelfo Technology, CelluComp, SAPPI, Nippon Paper Group, InoFib, Rettenmaier&Sohne GmbH, Fibria (Suzano Brazil), Weidmann Fiber Technology

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Microfibrillated cellulose (MFC) manufacturers, raw material suppliers, primary respondents, and distributors
  • Demand Side: Paper, packaging, food, paints & coatings, and personal care industries
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies
  • Associations and Industry Bodies: Indian Paper Manufacture Association, International Council of Forest and Paper Associations, American Forest & Paper Association, National Paper Trade Association, American Coatings Association