Saturday, 27 July 2024
According to our latest market study on “Microbial Cellulose Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application,” the microbial cellulose market size is expected to grow from US$ 20.84 million in 2022 to US$ 41.32 million by 2028; it is estimated to register a CAGR of 12.1% from 2022 to 2028. The report highlights key factors driving the microbial cellulose market growth and prominent players along with their developments in the market.
Microbial cellulose, also known as bacterial cellulose (BC), is a versatile, multifaceted biomaterial with numerous applications. It is synthesized by a group of microorganisms such as bacteria and fungi in the presence of competent culture media. Microbial cellulose has a three-dimensional, uniaxially oriented structure of nanofibers, which impacts its high mechanical strength, high crystallinity, and excellent water-holding capacity. Due to all these properties, microbial cellulose is used in the biomedical, food packaging, and cosmetics industries.
Microbial cellulose has gained significant attention across the biomedical & healthcare industry. Microbial cellulose is composed of a densely woven three-dimensional network of nanofibers. It possesses excellent water-binding capacity, high tensile strength, and low thrombogenicity. Microbial cellulose is used as a soft human tissue repair material in wound dressing. In cases of severe burns, microbial cellulose acts as an excellent wound-healing agent as it aids the process of wound healing and epidermal regeneration. According to a study conducted by BOWIL Biotech Sp. z o.o., a pharmaceutical-grade microbial cellulose manufacturer based in Poland, microbial cellulose has been recognized as the most effective biomaterial for creating a moist healing environment for wounds among all available dressing materials. Thus, the widespread applications of microbial cellulose in the healthcare industry propel its demand, thereby bolstering the microbial cellulose market growth.
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 are a few key players operating in the global microbial cellulose market. The microbial cellulose market players are focusing on providing high-quality products to fulfill customer demand. They are also adopting strategies such as investments in research and development activities and mergers & acquisitions.
The COVID-19 pandemic adversely affected economies and industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) hampered the growth of several industries, including the food & beverage, healthcare, and cosmetics. Manufacturers of microbial protein faced significant challenges due to supply chain constraints caused by nationwide lockdowns, trade bans, and travel restrictions. The supply chain disruptions created a shortage of raw materials, affecting the production and distribution of microbial cellulose, leading to increased prices. Moreover, bans on international imports and export in many countries interrupted microbial cellulose supply during the COVID-19 pandemic.
In 2021, several economies resumed operations as governments announced relaxations in the previously imposed restrictions, which boosted the global marketplace. Moreover, manufacturers were permitted to operate at full capacities, which helped them overcome the demand and supply gap and other repercussions. As a majority of the global population was fully vaccinated by 2021, the microbial cellulose manufacturers focused on increasing their production to revive their businesses.
The global microbial cellulose market is segmented on the basis of application and geography. Based on application, the market is segmented into food & beverages, food packaging, biomedical, cosmetics, and others. By geography, the global microbial cellulose market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.
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