Regenerated Cellulose Global Market Report 2024

The global regenerated cellulose market has grown strongly in recent years. It will grow from $14.86 billion in 2023 to $16.3 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth observed during the historic period can be attributed to several factors. These include the increasing demand for sustainable fibers, a notable shift within the market from synthetic to natural fibers, evolving trends within the fashion and textile industries, increased market acceptance of regenerated cellulose materials, and a rising demand across various applications for these versatile materials. These combined elements significantly contributed to the growth experienced within this timeframe.

The global regenerated cellulose market is expected to see strong growth in the next few years. It will grow to $23.15 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. Anticipated growth in the forecast period is expected to stem from several driving factors. These encompass an increased focus on sustainability, the enforcement of stringent environmental regulations, consumer preferences favoring eco-friendly products, initiatives promoting the circular economy, and ongoing evolution in textile industry trends. These elements are projected to fuel growth in the upcoming period.

The escalating global demand for eco-friendly textiles is anticipated to fuel the growth of the regenerated cellulose market. Eco-friendly textiles are crafted without the use of chemicals or pesticides during the fabric production process, aligning with environmentally conscious practices. Regenerated cellulose, formed by converting natural cellulose into soluble derivatives and transforming them into fibers or films, plays a pivotal role in meeting this demand surge. Forecasts from TheRoundup project a substantial $1,574.2 million increase in annual global sales of eco-friendly clothing by 2025, underscoring the driving force behind the regenerated cellulose market's expansion.

Additionally, the rising utilization of natural and organic textiles is poised to drive the growth of the regenerated cellulose market in the forthcoming years. These textiles are fashioned from natural fibers sourced through chemical-free organic agricultural methods. Regenerated cellulose, derived from natural origins like wood pulp or cotton linters, serves as a common constituent in the manufacturing of these eco-conscious textiles. The 2022 Organic Industry Survey conducted by the Organic Trade Association revealed a notable 10% year-on-year upsurge in sales of organic fiber products, reaching a total of $2.3 billion in 2021, emphasizing the significant role of natural and organic textile adoption in propelling the regenerated cellulose market.

Major companies within the regenerated cellulose market are actively embracing technological advancements as a primary trend. These firms are innovating to develop progressive technologies and products, focusing on attributes like reduced carbon emissions and the conversion of discarded clothing and textile waste into regenerated cellulose. Notably, Polyplastics Co., Ltd., a Japan-based manufacturer of plastics and polymers, introduced PLASTRON LFT in March 2022. This ecologically friendly product, derived from specifically designed regenerated cellulose fibers, offers weight reduction and enhanced durability, meeting contemporary sustainability requirements. Investigations into eco-friendly resins, integrating natural fibers, starch, wood powder, and other plant-based materials, aim to expand applications. Polyplastics' development of LFT resins using regenerated cellulose addresses concerns over cellulose's lack of strength, showcasing a balance of physical qualities. Regenerated cellulose is essentially natural cellulose processed into continuous fibers, offering potential for reducing CO2 emissions.

Major companies in the regenerated cellulose sector are strategically investing to gain a competitive edge and bolster production capacities. These investments, characterized by financial commitments, aim to expand production capabilities, foster technological innovations, and reinforce market positions. For instance, GP Cellulose LLC disclosed an approximately $80 million investment in July 2022. This staged project, slated for completion in late 2023, intends to enhance the facility's capability to produce fluff pulp, significantly elevating productivity. The investment aims to broaden the scope of offerings, enhancing flexibility to meet diverse demands and further align with evolving client needs, ultimately strengthening GP Cellulose LLC's market position.

Strategic partnerships and collaborations have emerged as the key trends gaining popularity in the regenerated cellulose market. Key players operating in the regenerated cellulose sector are focused on partnerships and collaborations to reinforce their position. For instance, in October 2021, Renewcell, a Sweden-based textile recycling company partnered with Kelheim Fibres Gmbh, a Germany-based manufacturer of specialty viscose fibers. With the collaboration, both companies will develop commercial scale production of superior quality viscose fibers from up to 10,000 tons of Renewcell's 100% textile recycled material Circulose per year. Moreover, in May 2022, LENZING AG, an Austria-based producer of wood-based specialty fibers partnered with UTEXBEL, a Belgium-based manufacturer of textile goods. With this partnership, they intended to provide uniforms for security personnel of the Belgian Federal Public Service for Justice (FPS Justice), using TENCELTM branded fibers with REFIBRATM technology and recycled polyester.

Major companies operating in the regenerated cellulose market report are Natureworks LLC, Bio-On SRL, BASE SE, Tianan Plantic Technologies Limited, Asahi Kasei Corporation, CFF GmbH & Co. K.G., Grasim Industries Limited, Kelheim Fibres GmbH, lenzing AG, Corbion NV, Danimer Scientific, Yield10 Bioscience Inc., International Paper, GP cellulose LLC, Sateri, Fulida Group, Eastman Chemical Company, Synthesia, Futamura Group, AMS Group PLC, Shandong Henglian New Materials, Zhejiang Kerui, Cobetter, EMD Millipore, Parkson Corporation, Hiller Separation & Process, Rotex Automation, IFS Industriefabrik Schneider GmbH, Kaisha Russell Finex, Forsberg’s Inc., Schlumberger Asia Services Limited, SWECO

Asia-Pacific was the largest region in the regenerated cellulose market share in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the regenerated cellulose market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the regenerated cellulose market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Two primary categories of regenerated cellulose exist such as fiber and film. Regenerated cellulosic fibers are fashioned by extracting cellulose from wood pulp, undergoing a chemical dissolution process, and then extruding it as a continuous filament that can be further processed into staple fibers. Various sources used in the manufacturing of regenerated cellulose include viscose, cuprammonium, and N-methyl-morpholine-N-oxide (NMMO). End-user industries for regenerated cellulose encompass a diverse range, including fabric, automotive, agriculture, packaging, and various other sectors. These industries utilize regenerated cellulose in numerous applications tailored to their specific needs and product requirements.

This report provides regenerated cellulose market statistics, including regenerated cellulose industry global market size, regional shares, competitors with a regenerated cellulose market share, detailed regenerated cellulose market segments, market trends and opportunities, and any further data you may need to thrive in the regenerated cellulose industry. This regenerated cellulose market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The regenerated cellulose market consists of sales of regenerated cellulose by product type including rayon regenerated cellulose, lyocell regenerated cellulose and modal regenerated cellulose. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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