Global Regenerated Cellulose Market Analysis 2023: Forecast Market Size, Growth Rate And Key Drivers
23 May, 2023
The global regenerated cellulose market size is expected to grow from $13.54 billion in 2022 to $14.96 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The regenerated cellulose market size is expected to grow to $20.64 billion in 2027 at a CAGR of 8.4%.
Global Regenerated Cellulose Market Key Driver
Rising global demand for eco-friendly textiles is expected to drive the regenerated cellulose market forward. The eco-friendly textile is made from fabrics that are grown in an environmentally friendly manner, without the use of chemicals or pesticides. Regenerated cellulose is a material that is made by converting natural cellulose to a soluble cellulosic derivative and then regenerating it into a fibre or a film. For instance, in 2020, according to the 2020 Conscious Fashion Report published by Lyst Insights, a UK-based designer, manufacturer, and seller of apparel online, internet searches for vegan leather' increased by 69% year on year, searches for 'organic cotton' increased by 23%, and searches for recycled plastic increased by 35% since January 2020. Therefore, the increasing global demand for eco-friendly textiles is driving the growth of the regenerated cellulose market.
Get a sample of the global regenerated cellulose market reportGlobal Regenerated Cellulose Market Segments
The global regenerated cellulose market is segmented:
1) By Type: Fiber, Film
2) By Manufacturing Source: Viscose, Cuprammonium, N-ethyl-Morpholine-N-Oxide (NMMO)
3) By End Use Industry: Fabric, Automotive, Agriculture, Packaging, Other End Use Industries
4) By Geography: The regions covered in the regenerated cellulose market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global regenerated cellulose market.
Major Regenerated Cellulose Industry Players
Natureworks LLC, Bio-On SRL, BASE SE, Tianan Plantic Technologies Limited, Asahi Kasei Corporation, CFF GmbH & Co KG, Grasim Industries Limited, Kelheim Fibres GmbH, lenzing AG, Corbion NV, Danimer Scientific, Yield10 Bioscience Inc., International Paper and GP cellulose LLC.
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Regenerated Cellulose Market Overview
Regenerated cellulose is a material that is made by converting natural cellulose to a soluble cellulosic derivative and then regenerating it into a fibre or a film.
Regenerated Cellulose Global Market Report 2023 provides data on the global regenerated cellulose market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The regenerated cellulose market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.