The microfibrillated cellulose market may achieve significant growth prospects during the forecast period of 2019-2029 owing to the wave of sustainability transcending through the packaging and paper industry. The bio-degradable nature of microfibrillated cellulose makes it one of the prominent raw materials in making the packaging and paper sustainable. Therefore, all these factors form the crux of the growth of the microfibrillated cellulose market.
The utilization of microfibrillated cellulose across a variety of applications such as performance enhancers, barrier films, and others may bring good growth opportunities. These applications revolve around diverse end-use industries such as packaging, paints and coatings, dairy, paper, food, and others.
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Replacement Prospects Serving as Growth Generators
Replacement of certain items to reduce the carbon footprint is gaining expansive traction across the globe. This prospect may help the microfibrillated cellulose market to invite good growth. For instance, aluminum films are being replaced by microfibrillated cellulose films. Such replacement trends help the microfibrillated cellulose market to gain great traction.
Awareness around Biodegradable Products Further Accelerating Growth of Microfibrillated Cellulose Market
The switch of preferences from non-biodegradable products to biodegradable products is serving as a prominent growth generator for the microfibrillated cellulose market. In addition, various stringent rules framed by numerous countries to reduce the hazardous impact of non-biodegradable products on the environment are inviting good growth prospects.
The intense competition among players in the microfibrillated cellulose market propels innovations and developments in the products. Some well-established players in the microfibrillated cellulose market are FiberLean Technologies Limited, Sappi, Norske Skog, Daicel FineChem. Ltd., and Bborregaard.
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Europe to Observe Significant Growth
Among all the key regions, Europe may serve as a vital growth generator for the microfibrillated cellulose market. The growing presence of key players in the region may serve a