On account of strong acceptance in the market, sales of agrifiber products is estimated to increase at a sustainable growth rate during 2017–2025
The market study on agrifiber products provides an analysis of the global market for agrifiber products for the period of 2016-2025, wherein, 2016 is the base year and 2017 to 2025 is the forecast period. The study covers all the prevalent trends and products playing a major role in the growth of the market over the forecast period. It also highlights various restraints, trends and opportunities expected to influence the growth of the market during the forecast period. The market is segmented on the basis of product type, application, raw material source and region.
Product innovation is aiding the growth of the global agrifiber products. Most players in the construction boards & panels market focus on traditional colors and materials. However, the spectrum of materials, finishes and customization options available are continuously growing. The concept of green technology is supporting the use of agrifiber products. The construction industry is a major opportunity for the growth of the global agrifiber market. Additionally, acquisitions and joint ventures of key players with local players is expected to provide good growth opportunities for the agrifiber products market.
According to this research report by Persistence Market Research, the global agrifiber products market is expected to grow at a high rate to register a robust CAGR of 6.5% throughout the period of forecast. The global market in 2017 is estimated at about US$ 984 Mn and is anticipated to reach a value higher than US$ 2 Bn by the end of the year of assessment. As per PMR analysis, rising demand to prolong the life of panel boards is driving the demand for agrifiber products in the end use applications. Increasing demand for agrifiber products in the end use applications has compelled the market players for application as well as product innovations.
Residential sector expected to reflect higher demand for agrifiber products during the forecast period
The demand for agrifiber products in the residential sector is increasing making it highly lucrative for the growth of the global market. Increased emphasis on green building products with agricultural residues such as bagasse, wheat and rice straw etc., to achieve weight reduction and low carbon emission is fueling the demand for agrifiber based panels in the residential application. The residential segment in the application category is anticipated to grow at a higher rate than other segments and is projected to register a huge value CAGR of 7.2% throughout the period of assessment. In 2017, the residential segment stood at about US$ 850 Mn and is estimated to reflect a market valuation of more than US$ 1400 Mn by the end of the year of assessment. This segment is expected to lead the global market with a high market share during the said period.
Institutional application segment to register a significant valuation by the end of the assessment period
After residential sector, institutional sector has shown high inclination towards the use of agrifiber products. This segment is the second largest and is expected to reach a high market value of above US$ 260 Mn by 2025 end. The institutional segment is projected to grow at a value CAGR of 5.2% during the forecast period. This segment also shows high growth potential for the global agrifiber market.
Revealing a global market perspective
A recent market analysis on global agrifiber products market has been carried out by Persistence Market Research and has systematically presented numerous facts and figures in its in-depth publication titled “Agrifiber Products Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”. It covers several facets of the global market across key regions of North America, Europe, Asia Pacific, Latin America and Middle East and Africa. A global market representation is depicted which will enable the reader to get a detailed glimpse of the market based on which new strategies can be devised and executed based on the target audience. This report gives an in depth analysis on the various factors present in the global market which have an influence over the market expansion. Various opportunities and trends are also sketched which will decide the future prospects in the agrifiber products market along with drivers that have a direct influence over the growth of the market. Analysis on market restraints is also included in this research study that can assist in chalking out detours to avoid hurdles in the market and plan an organized growth path for the coming years. A holistic approach just a click away, is what the research delivers.
A unique research methodology
A unique research process is followed at Persistence Market Research which is used to draw conclusions with the help of accurate statistical representations. Primary and secondary research are the two main arms of the research methodology applied here. Secondary research gives a direction to carry out further research based on the well-defined market definition. Primary interviews are conducted to gain deep insights on the market segments. Key acumen from market observers, opinion leaders and subject matter experts are also gleaned and the data points so obtained are cross verified during every primary interview thus ensuring the validated data to achieve a near 100% accuracy.
Decisions are always dependent upon situations, which can change due to any factor in the market, competition being one such aspect. A separate section on competitive scenario is available in the global agrifiber products market research report that analyses the key market players involved in the market activities. Information on the various products and services (product portfolio), distribution channels, expansion in various geographies, growth strategies, marketing plans and promotion tactics, mergers and acquisitions taking place or taken place in the recent past, etc., are few the many important aspects that are analyzed about the key players present in the global agrifiber products market.
Why should you invest in this research report?
The global agrifiber products market research report delivers valuable insights and the credibility of the research report lies in this actionable intelligence that it provides, which can be used to establish a global footprint. Just a click away, the reader can avail information on any segment, any region and any technology. Real time analysis has increased the weightage of the research giving an all-inclusive angle to the market study which assists the viewers in chalking important corporate strategies pertaining to price, place and promotion along with regional forecasts.