Agricultural waste and residue obtained from agricultural fields are often disposed off or burnt in fields by farmers. Farmers in various regions have to face a yearly challenge - remove the excess crop residue and waste from their farms and fields without creating any ecological hazards or unnecessary expenses.
Crop residue, such as barley & wheat straw, rice straw & husk, and sugarcane bagasse, have less value in the market. However, with advancements and developments in green building materials, these economical raw materials can be utilized by manufacturers for the production of particle boards and fiberboards in the global agrifiber products market. Also, the removal of agricultural straw, for example, by burning it in the field, has become a common practice in many countries. This burning of agricultural straw is often detrimental to the soil and field, and perilous to the environment. This agricultural straw can instead be utilized for the production of green products such as agrifiber boards and panels.
Snowballing Construction Sector to Boost Demand for Agrifiber Products
The construction industry utilizes agrifiber boards of various compositions and types. The earliest agrifiber products introduced found only limited acceptance in spite of their obvious theoretical attractions. Agrifiber products are anticipated to flourish again in the market, as the construction/architecture industry is ready and willing to embrace high-performing green products. Construction is the largest end-use industry in the agrifiber products market, and the growing demand for environment-friendly products is driving the growth of the global agrifiber products market.
An alternative to wood - non-wood panel boards made from agricultural residue - are anticipated to experience above-average annual gains in demand throughout the coming years. These materials generally have negligible environmental impact, owing to the use of natural resin binders or resins with low formaldehyde content as compared to wood. They meet with the demands of LEED (Leadership in Energy and Environmental Design) for building construction. These factors are anticipated to upswing the demand for agrifiber products in the coming years.
Residential Market Expected to Create Demand for Agrifiber Products
Well-developed infrastructure is critical to the strength of any country’s economy. Rapid industrialization and modernization in infrastructure in developing economies is expected to be key market drivers for the agrifiber-based panel industry. Rising consumer confidence is anticipated to promote gains in the huge residential repair and improvement market, thereby driving significant demand for agrifiber products. Expanding infrastructure activities to improve public transportation along with growing manufacturing facilities are expected to create opportunities for the agrifiber products market during the forecast period.
Agrifiber Products Market: Structure Analysis
Developing economies such as those in Asia Pacific are expected to witness strong growth in the adoption of biodegradable products in building & construction applications. As a result, the Asia Pacific agrifiber products market is expected to be lucrative, owing to the increasing population and improved standard of living among the population in the region. The global agrifiber products market is in the growth stage, and is now moving towards stability, with a large number of players accepting agrifiber products in the building and construction industry.
Agrifiber Products Market – Report Scope
Persistence Market Research (PMR) recently published a study report on the global agrifiber products market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the agrifiber products market structure. This market research report presents exclusive facts and figures about how the agrifiber products market will grow over the forecast period of 2019 to 2029.
Key indicators of market growth, such as value chain analysis, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the agrifiber products market over the forecast period.
The study is relevant for stakeholders in the agrifiber products market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the agrifiber products market can leverage the information and statistics presented in PMR’s research report.
The report includes facts & figures related to the micro- as well as macro-economic factors that are impacting the growth of the agrifiber products market. The study also offers actionable insights based on the future trends in the agrifiber products market. Furthermore, regional players and new entrants in the agrifiber products market can also use the information presented in this report to make business decisions and gain momentum in the market.
Key Segments of Agrifiber Products Market
PMR’s study on the agrifiber products market is divided into four significant segments - product type, application, raw material source, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.
Raw Material Source
Key Questions Answered in PMR’s Agrifiber Products Market Report
Agrifiber Products Market: Research Methodology
In PMR’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the agrifiber products market and reach conclusions on the future growth factors of the market. In this research methodology, secondary, and primary research is utilized by assistant analysts to ensure precision and reliability of the conclusions.
Secondary resources are referred by analysts during the evaluation of the agrifiber products market study, which comprises of the facts and figures from the World Bank, OEM websites, government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers to provide insightful information.
Comprehensive information acquired from primary resources and secondary resources is validated from companies operating in the market to make PMR’s projection on growth prospects of the agrifiber products market more accurate and reliable.