New York, United States, March 23, 2020 (GLOBE NEWSWIRE) -- The global agrifiber market will reach a value of US$ 2.6 Bn by the end of 2029. The latest report from Persistence Market Research states that the growing trend of sustainability is driving the consumption of agrifiber products in the construction industry. Rapid industrialization and economic development in developing economies are generating growth opportunities for the manufacturers of agrifiber products. The expanding infrastructural activities associated with transportation are also creating potential markets for these agrifiber products.
Agrifiber Products Market: Key Takeaways
- Wheat & rice straw will be the preferred raw materials during the forecast period.
- Wall panels & boards will witness a rapid surge in demand owing to its less weight.
- The construction industry will generate major revenue in the market owing to the fast-paced infrastructural developments across the globe.
- The Asia Pacific will stay at the forefront in the market on the market on the back of flourishing construction and infrastructure development activities.
Request for sample report: https://www.persistencemarketresearch.com/samples/13030
Agrifiber Products Market: Key Growth Drivers
- Growing utilization of agricultural residue and waste provides an impetus for the production of agrifiber products, bolstering the growth in the market.
- The heightening demand for green building material is diversifying the scope of application of agrifiber products, significantly expanding its market.
- Agrifiber products are witnessing a surge in consumption as an alternative to wood.
- Favorable government policies are fueling the adoption of agrifiber products across a wide range of industries, creating brackets of growth in the market.
- Enhanced consumption of agrifiber products in infrastructural development in developing economies acts as a growth lever for the market.
- The rise in prices of materials such as steel and timber is driving the demographics towards cost-effective alternatives such as agrifiber.
Agrifiber Products Market: Key Restraints
- The high expenditure involved in the production of agrifiber products is inversely influencing the adoption of agrifiber products, restraining the market growth.
- Lack of awareness regarding the benefits of agrifiber products is a major challenge before the manufacturers.
The complete agrifiber products market report with detailed market segmentation, 118 illustrative figures, and 24 data tables spread across 235 pages on https://www.persistencemarketresearch.com/methodology/13030
Agrifiber Products Market: Market Competition
Manufacturers are launching new products to diversify their product portfolio and global presence. The competition is getting intense with the entrance of regional players. Market participants are increasing their production capacity to satiate the growing demand for green building materials across the globe.
Get Persistence Market Research’s Detailed Coverage On
Conductive Carbon Black Market: PMR’s recent report on the global conductive carbon black market provides an intensive analysis of the market estimated to experience fast growth during the period 2019-2029. The report offers distinctive insight on key market growth influencers, pricing statistics, and prominent market players with their marketing strategies.
Building Insulation Materials Market: Obtain significant details on the global building insulation materials market with major segmental analysis, growth dynamics, and key levers for market growth, major market participants and key growth strategies adopted by them for any predefined period.
Rail Lubricants Market: Get exhaustive analysis on the global rail lubricants market with vital facts on market growth determinants, potential opportunities, market growth challenges, government laws & regulations, segmental forecast, and key marketing agendas of key market players.
Gain access to Market Ngage, an AI-powered, real-time business intelligence platform that goes beyond the conventional research solution to solve the complex strategic challenges that organizations face today.
About the Report
Persistence Market Research's research report on the agrifiber product's market offers global industry analysis for the years 2014–2018 and provides opportunity estimation for 2019–2029. The report provides an extensive analysis of the agrifiber products market through four major segments - product type, raw material source, application, and region. The agrifiber products market report also elaborates demand/supply dynamics, with an in-depth overview of the market.
About Persistence Market Research
Persistence Market Research (PMR) is an innovative and specialized supplier of market intelligence reports and consulting services. Prompt delivery, in-depth research, and high quality are the sacrosanct principles of PMR. The company’s research capabilities cover 5 continents, 1500+ reports, and 8 next-gen vertical expertise that have been catering to research demands of 5000+ clients.
Contact:
Rajendra Singh
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
For Sales Enquiries: sales@persistencemarketresearch.com
For Media Enquiries: media@persistencemarketresearch.com
Research Report: https://www.persistencemarketresearch.com/market-research/agrifiber-products-market.asp
Press Release Source: https://www.persistencemarketresearch.com/mediarelease/agrifiber-products-market.asp