The ‘Cellulose Fibre Market – Forecasts from 2021 to 2026’ report by Research And Markets.com has said that the cellulose fibre market, evaluated at US$33.003 billion for the year 2019, is projected to grow at a CAGR of 5.53 per cent to reach the market size of US$48.088 billion by 2026.
One of the key factors supplementing the cellulose fibre market growth is the increased focus of the world towards finding an environment-friendly and biodegradable fibre.
Lenzing AG, Birla Cellulose, Sateri , Kelheim Fibres GmbH, Tangshan Sanyou Xingda Chemical Fiber Co., Ltd. are some of the leading companies in this segment.
The report also says that the growth in the textile and apparel industry around the world is providing a boost to the demand for cellulose fibre and is projected to surge the growth of the cellulose fibre market in the coming years.
As the issue of climate change, environmental pollution and sustainability have taken a storm, more and more companies are trying to shift towards a green option for fibres from the traditionally used petrochemical sourced fibres which lead to large amounts of carbon emissions in the environment.
It is worth mentioning here that the cellulose nano fibre is one such material that exhibits similar properties as plastic, such as being lightweight, strong and transparent, with high barrier properties to water and gas.
