Regenerated Cellulose Market: By Type (Fibers and Films), By Source (Wood-Pulp, Non-Wood Pulp, Recycled Pulp), By Process (Viscose, Acetate, Cuprammonium) By End User (Fabric, Automotive, Agriculture, Packaging, and Others), and Geography  

Regenerated Cellulose Market size was valued at USD 18.4 billion in 2022 and is expected to grow at a CAGR of 9.1% from 2023-2029. Regenerated cellulose (also called Lyocell, viscose Rayon) is a colorless, transparent, and pure cellulose product. It is produced from shredded wood pulp, which is treated with caustic soda. The chemically treated and dissolved cellulose is either chemically spun into fibers (Viscose Rayon) or converted into a film. The regenerated cellulose is eco-friendly in nature possesses high strength, low elongation, and good water absorbency, and is used for industrial purposes. Nowadays, the increasing demand for eco-friendly products from end users is a key factor in driving the global regenerated cellulose market. In addition, the increase in income levels, growing consumer awareness of using eco-friendly products, rapid urbanization, and changing consumer preferences are few other factors that are fueling the market. Further, regenerated cellulose is replacing the petrochemical fiber, and this aspect creates huge opportunities for the growth of global regenerated cellulose market. These regenerated celluloses are further used in biomedicine, water treatment, agriculture, textiles, and electrical devices, which are going to fuel the market. Also, regenerated cellulose is also used to prepare personal care products and hygiene products, which are going to increase the opportunities for the global regenerated cellulose market in upcoming years, due to the increase in usage of eco-friendly products and customer preferences to use hygiene products. However, the restraining factors that hinder the market growth are costly raw materials and need a huge amount of energy for the preparation process. In addition, the ban on the usage of cellulose acetate products by the government in view of occurring health diseases. Apart from this, the regenerated cellulose is biodegradable, which is similar to pure cellulose. It emits fewer greenhouse gases and other hazardous pollutants while manufacturing, which aids in regulating the earth's climate and contributes toward market growth.

Regenerated Cellulose Market Key Developments:

• In March 2022, A contract for the supply of premium LIVA REVIVA fibres was signed between Grasim Industries Limited and Swedish textile-to-textile recycling pioneer (Renewcell). In May 2022, Lenzing AG and UTEXBEL worked together to create uniforms of the FPS justice for Justice security officers.