Agrifiber Products Market Estimated to Experience a Hike in Growth by 2024

The Agrifiber Products Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Agrifiber Products Market: Dynamics

Demand for agrifiber products is growing as they possess commercially beneficial characteristics in comparison to wood fiber based products. As compared to wood fiber products, agrifiber products are relatively greater in strength, available at competitive prices, possess relatively high dimensional stability, are light in weight (up to 20 percent lighter) and do not pose any environmental issues. The most important characteristic is the contribution of LEED (Leadership in Energy and Environmental Design) credit in respective manufacturer or supplier profile. Hence, most of the manufacturers and suppliers prefer agrifiber products over wood based products. These commercially beneficial and environmental friendly characteristics of agrifiber products are expected to lead to the growth of global agrifiber products market in the coming years. In addition, these products are made from renewable resources and are recognized as user friendly and green building products. This factor may also fuel the global agrifiber products market in the coming future.

Also, upsurge in different end-use products demand & industrial development is the crucial factor boosting the demand for agrifiber products. For example, agrifiber products play a very important role in reducing greenhouse gas emissions and municipal landfills caused by construction and paper industry.

Even though soya resin and some other eco-friendly adhesives are used, it is quite impossible to make 100% ecofriendly products. This is one of the important factors restraining the growth of the global agrifiber products market.

Nowadays, agrifiber products are primarily used during the construction of the interiors of buildings (in weatherproofing system). Laminating adhesives are used to fabricate on-site agrifiber assemblies. These laminating adhesives must not contain added urea-formaldehyde resins for best results.

Global Agrifiber Products Market: Segmentation

The global agrifiber products can be segmented on the basis of type, application, raw material sources and end use industries. On the basis of type, the global agrifiber products market can be segmented into medium-density fiberboard, particleboard (sorghum board, bamboo board, rice board, jute, composites, and coir composites), plywood, wheat board, strawboard, panel substrates and door cores. On the basis of end use application, the global agrifiber products market can be segmented into residential, commercial, institutional and industrial. On the basis of raw material sources, the global agrifiber products market can be segmented into cereal straw, bagasse, sunflower husk, walnut shells, agricultural pruning and others. On the basis of end use industries, the global agrifiber products market can be segmented into construction (interiors, exteriors and others), paper and others.

Global Agrifiber Products Market: Region-wise Outlook

North America, Western Europe and Asia-Pacific are anticipated to remain key regions in the global agrifiber products market throughout the forecast period due to high growth of the construction industry in these respective regions. Asia-Pacific, in global agrifiber products market, is expected to grow at a relatively fast rate. Regions such as Latin America, Middle East, Africa and Eastern Europe are expected to be the emerging potential regions for the global agrifiber products market.

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Global Agrifiber Products Market: Market Participants

Some of the market participants involved in the manufacture of agrifiber products include UNIBOARD CANADA INC., Agri Fiber Industries, Lexington Manufacturing Inc., Agri Fiber Limited, Chappell Door Company, Lambton Doors, Dow BioProducts Ltd., Eggers Industries, Mohawk Doors, CHLOROEARTH, AMPCO by AJW, etc.

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