Nanocellulose Market Size Is Expected To Reach USD 1517.5 Million By 2030
San Francisco, 3 Jan 2024: The Report Nanocellulose Market Size, Share & Trends Analysis Report By Type (Cellulose Nanofibers, Bacterial Cellulose, Crystalline Nanocellulose), By Application, By Region, And Segment Forecasts, 2023 - 2030 The global nanocellulose market size is expected to reach USD 1,517.5 million by 2030 to expand at a CAGR of 20.1% from 2023 to 2030 as per the new report by Grand View Research, Inc. The industry growth is majorly driven by the growing concerns regarding the environment and the use of non-toxic and biodegradable packaging material. This shifting trend is anticipated to augment demand for bio-based products which will propel the demand the forecast period. Nanocellulose has enormous potential for expansion in a variety of applications, including food packaging, composites, medicines, personal care, and others. However, the use of nanocellulose-based composites and paper processing has widened owing to its environmentally friendly properties. D