The global cold chain packaging refrigerants market size is expected to reach USD 1,991.4 million by 2027, exhibiting a CAGR of 8.0% during the forecast period. The increasing product innovation coupled with demand for sustainable refrigerant products will have an excellent impact on the market, The market size stood at USD 1,093.8 million in 2019. Information Source-https://www.fortunebusinessinsights.com/cold-chain-packaging-refrigerants-market-104287 The report on cold chain packaging refrigerants market contains: Grander insights into the market Precise data with thorough research Market dynamics and factors exhibiting market growth Detailed information about the eminent players COVID-19 impact Market Driver: Significant Demand for Biopharmaceutical Products to Propel Growth The increasing demand for biopharmaceutical products such as drugs, vaccines, blood, and others can spur lucrative opportunities for the market. The flourishing biopharmaceutical in emerging nations will contribute positively to the growth of the market. For instance, African countries like Nigeria, South Sudan, and others have rapidly increased the supply of polio vaccines owing to a high prevalence rate in the region along with growing government support. Furthermore, the rising aging population is expected to enable speedy expansion of the market growth in the forthcoming years. The heavy demand for critical drugs and enzymes such as insulin will further promote the growth of the market. Besides, the growing awareness about the advantages of packaging refrigerants such as protection and temperature maintenance for sensitive products will intensify growth in the forthcoming years. Disrupted Operations to Dwindle Market Growth During Coronavirus The disruption caused by COVID-19 has resulted in a disturbing supply chain, shortage of labor, low consumer demand, and others. The drastic drop in packaging refrigerant demand owing to the interrupted distribution of food and beverage products will negatively affect market growth. However, the supply and distribution of the COVID-19 vaccine and other pharmaceutical products will spur demand for packaging refrigerants in the forthcoming years. For instance, on 4th October 2020, the union health ministry of India announced that India will distribute and utilize around 400-500 million vaccine doses by July 2021 within the country. Hence, a significant demand for cold chain logistics for the supply of vaccines will have an outstanding effect on the market in the near future. Regional Analysis: Booming Pharmaceutical Industry to Augment Growth in Asia Pacific The market in Asia Pacific is expected to hold the largest share in the global market during the forecast period owing to the expansion of the biopharmaceutical industry in developing countries such as India, China, Japan, South Korea, and others. The ever-increasing population in the Indian sub-continent will boost the growth of the market in the region. Moreover, the efficient management and distribution of food and pharmaceutical products can have a tremendous impact on the market in Asia Pacific. For instance, China invested in a cold chain logistics network and other related infrastructure to fulfill its domestic food and healthcare demand. North America is expected to account for the maximum share in the global market owing to the growing utilization of cold chain packaging refrigerants in the distribution of various products. The significant demand for refrigerants will propel the market in the region.

The global nanocellulose market size is anticipated to showcase potential growth owing to the increasing concerns regarding the sustainability from the packaging industry, observes Fortune Business Insights™ in its report, titled, Nanocellulose has applications in various industries including cement and composites, textile, and paper and packaging. The market stood at USD 291.53 million in 2019 and is projected to reach USD 1,053.09 million by 2027 at a CAGR of 19.9% in the forecast period. Information Source - https://www.fortunebusinessinsights.com/nanocellulose-market-104565 Highlights of the Report: While making the report, we segmented the market on the basis of product, type, consumption, distribution channel, and region. Based on the segmentation, we made a list of companies and conducted a detailed analysis of their financial positions, product portfolios, and growth strategies. Our next step included the study of core competencies of key players and their market share to anticipate the degree of competition. The bottom-up procedure was conducted to arrive at the overall size of the market. Drivers & Restraints- Increasing Applications in Packaging Industry to Drive Growth Rising concerns regarding the impact of material used by the packaging industry on the environment are estimated to drive nanocellulose market growth. For instance, according to the U.S. Environmental Protection Agency, packaging material accounts for around 28.1% of the total municipal solid waste in the U.S. and the material used in packaging includes plastic, which is non-degradable. In addition, the extensive utilization of nano cellulose in the textile industry is projected to further strengthen its demand. However, the high cost of production associated with the product is expected to limit the growth of nanocellulose.

The global nanocellulose market size is anticipated to showcase potential growth owing to the increasing concerns regarding the sustainability from the packaging industry, observes Fortune Business Insights™ Nanocellulose has applications in various industries including cement and composites, textile, and paper and packaging. The market stood at USD 291.53 million in 2019 and is projected to reach USD 1,053.09 million by 2027 at a CAGR of 19.9% in the forecast period. Information Source - https://www.fortunebusinessinsights.com/nanocellulose-market-104565 Highlights of the Report: While making the report, we segmented the market on the basis of product, type, consumption, distribution channel, and region. Based on the segmentation, we made a list of companies and conducted a detailed analysis of their financial positions, product portfolios, and growth strategies. Our next step included the study of core competencies of key players and their market share to anticipate the degree of competition. The bottom-up procedure was conducted to arrive at the overall size of the market. Drivers & Restraints- Increasing Applications in Packaging Industry to Drive Growth Rising concerns regarding the impact of material used by the packaging industry on the environment are estimated to drive nanocellulose market growth. For instance, according to the U.S. Environmental Protection Agency, packaging material accounts for around 28.1% of the total municipal solid waste in the U.S. and the material used in packaging includes plastic, which is non-degradable. In addition, the extensive utilization of nano cellulose in the textile industry is projected to further strengthen its demand. However, the high cost of production associated with the product is expected to limit the growth of nanocellulose. Segment- Paper and Packaging to Be the Fastest-growing Segment Based on the application, paper and packaging is estimated to be the fastest-growing segment with a market share of 23.0% in 2019. Increasing the utilization of cellulose nanocrystals in both paper and plastic-based packaging is driving the segment growth. Additionally, the segment held a share of 22.4% in Germany. Based on type, the microfibrillated cellulose (MFC) segment is anticipated to hold a considerable nanocellulose market share owing to its applications in the manufacturing of nanocomposites, bio-based medical products, wood adhesives, super-capacitors, batteries, continuous fibers for textiles, and other products. Regional Insights- High Availability of Wood in Eastern Europe to Help the Region Dominate Europe is projected to dominate the global market with a value of USD 108.77 million in 2019. Its dominance is attributed to the high concentration of manufacturers in the region owing to the rising availability of wood in the Eastern Europe. In addition, the region is a manufacturing hub of automobiles, textiles, and cosmetics, which is estimated to further drive the growth of nanocellulose. The market in Asia Pacific is not far behind as it is set to exhibit substantial growth in the forecast timeline with a value of USD 43.16 million in 2019. The presence of end-use industries, such as food, cement, textiles, and paper in China, South Korea, and India is anticipated to propel the demand for nanocellulose, driving its growth in the region. Competitive Landscape- Research & Development to Aid Key Players Develop Innovative Products Key players operating in the global market are investing extensively in research and development in order to develop innovative products based on nanocellulose and upgrade the existing ones. This will help them gain prominence over other companies. For instance, in December 2020, Norske Skog announced the development of a new variant of CEBINA by replacing the suspension liquid with polymer instead of water. This enabled the use of CEBINA in epoxy floor coverings and adhesives.