Nanocellulose MarketSize and Trends

Nanocellulose Market Outlook – Increasing Demand for Durable and Light Weight Materials across Industries Fueling Market Growth

Rapidly growing pharmaceuticals and packaging industries is one the major factors underpinning growth of the global nanocellulose market. Asia Pacific is one of the major contributors in the nanocellulose market. This is mainly attributed to the booming industries in developing countries such as India and China. The Indian pharmaceuticals industry accounted for total revenue of US$ 31 billion in 2016. This is augmented by various government initiatives such as Make In India, which has attracted many foreign investors in the region. To meet the increasing demand for products, in December 2015, the Department of Pharmaceuticals under the Ministry of Chemicals and Fertilizers launched the Cluster Development Programme for Pharma Sector (CDP-PS).