Dublin, Sept. 28, 2023 (GLOBE NEWSWIRE) -- The "Microbial Cellulose Market Forecast to 2028 - Global Analysis by Application" report has been added to ResearchAndMarkets.com's offering.
The microbial cellulose market is experiencing significant growth, with a projected increase from US$ 20.84 million in 2022 to US$ 41.32 million by 2028. This growth is expected to occur at a compound annual growth rate (CAGR) of 12.1% from 2022 to 2028. Several key factors are contributing to this growth:
Market Drivers:
- Wide Scope of Application: Microbial cellulose, also known as bacterial cellulose (BC), is a versatile biomaterial with various applications. It is synthesized by microorganisms such as bacteria or fungi in the presence of culture media. Its unique properties, including high mechanical strength, crystallinity, and water-holding capacity, make it suitable for applications in food packaging, food and beverage processing, cement additives, wound dressing, and cosmetics.
- Increasing Demand in the Healthcare Industry: Microbial cellulose is gaining prominence in the healthcare industry. It has been used in wound-healing devices for severely damaged skin and as a small-diameter blood vessel replacement. This increasing adoption in the healthcare sector is driving market growth.
Market Restraints:
- High Production Cost: One of the challenges in the microbial cellulose market is the relatively high production cost. While it offers unique properties and advantages, the cost of producing microbial cellulose can be a limiting factor for some applications.
Market Opportunities:
- Rising Demand for Sustainable Materials: As the demand for sustainable and eco-friendly materials continues to grow, microbial cellulose is positioned as an attractive option. It is a natural product produced through microbial fermentation, making it a more sustainable alternative to nonrenewable and hard-to-degrade materials.
Future Trends:
- Rising Applications in the Cosmetics Industry: The cosmetics industry is increasingly using microbial cellulose due to its high water retention rate and compatibility with skin. It is used in products such as face masks, moisturizers, and anti-aging products, driving its growth in the cosmetics sector.
Regional Growth:
Europe is expected to register the highest CAGR in the global microbial cellulose market over the forecast period. The region's well-established personal care industry, with a focus on natural and sustainable ingredients, is driving the adoption of microbial cellulose in cosmetics and personal care products.
Key Players:
Key players in the global microbial cellulose market include ScobyTec GmbH, BOWIL Biotech SP Zoo, Polybion SL, Bacpolyzyme Biyomuhendislik Ltd, Axcelon Biopolymers Corp, Bioweg UG, Cellulose Lab Inc, Bacterial Cellulose Solutions Inc, Ashland Inc, and BIOINSPIRED MATERIALS SL. These companies are actively involved in research and development to offer microbial cellulose at competitive prices and are expanding their production capabilities to meet rising demand.
The market dynamics indicate a favorable environment for microbial cellulose, with opportunities for growth in various industries, particularly healthcare and cosmetics, driven by its unique properties and sustainable nature.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 123 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $20.84 Million |
| Forecasted Market Value (USD) by 2028 | $41.32 Million |
| Compound Annual Growth Rate | 12.1% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/v6tvbl
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