Wide Applications of Sugarcane Fiber is projected to Boost the Market
Around 300 million tons of plastic produced in the world every year and considerable amount of that plastic is used in restaurant business. All of these plastics is either dumped into ocean or burnt and very small amount is recycled. In recent time sugarcane fiber has emerged as alternative for plastic used in restaurant industry. Increased awareness about the use of sugarcane fiber and various restrictions on the use of plastics has boosted the market for sugarcane fiber. Moreover, extensive research and development in waste management and recycling has promoted the use sugarcane fiber in stationary and disposable tableware industry.
Shifting Trend of Waste Recycling is likely to Push the Sugarcane Fiber Market
Sugarcane fiber are used as raw material in clothing industry to make textile rayon fiber at low cost. Disposable tableware and bowls are also being made by using sugarcane fiber leading to decreased plastic waste by restaurants. It is a soluble fiber which promotes intestinal regularity. Moreover, when combined with high fat diet for animals and humans may help to control type 2 diabetes. With all these demand for sugarcane fiber is rising at stable rate. Recycled sugarcane fiber is being used in paper and board making industries owing to their easy availability and cost effectiveness.
Sugarcane Fiber Market: Segmentation
Based on types sugarcane fiber market is classified into different parts like application, derived products, form and end use industries. Sugarcane fiber has significantly captured the paper and board making industry owing to their low-cost fibrous properties like high tensile strength.
Based on form sugarcane fiber market is segmented into
- Natural Form (Bagasse)
- Burned form (Ash)
Based on end use industries sugarcane fiber market is segmented into
- Pulp and Paper Industry
- Textile Industry
- Energy Sector
East Asia and South Asia Markets are Projected to Push the Market for Sugarcane Fiber
Emerging economies like china, India, Brazil being prominent producer of sugarcane fiber across the globe. Developed economies like Europe, Asia, and North America being the significant producer of paper likely to boost the demand for sugarcane fiber market. Moreover, world’s prominent textile market like Asia and Europe are using sugarcane fiber as cost effective raw material thereby the demand for sugarcane fiber market. Developing economies like china and India being prominent cement and concrete manufacturers likely to boost the demand for sugarcane fiber market. Increased awareness about climate change, waste management, plastic waste reduction are one of the common factors likely to drive the demand for sugarcane fiber market in developed economies. In addition, various governmental restrictions on use of plastic across the globe is projected to the growth for sugarcane fiber market.
Impact of COVID-19 on Sugarcane Fiber Market.
Government imposed lockdown has slightly affected the sugarcane fiber market owing to halted production activities till further orders. Supply chain for sugarcane fiber market has slightly affected due to decreased demand for short amount of time.
Merger and Acquisition of Prominent Players Likely to Expand Sugarcane Fiber Market.
Players in the market are innovating sugarcane fiber related products to capture the market. For instance, various players like Eco-products, Inc, Dine Earth, Vegware Ltd has launched wide range of disposable tableware manufactured from sugarcane fiber. Furthermore, key players like V.F. CORPORATION, LULULEMON ATHLETICA INC are active towards the recycled use of natural raw materials like sugarcane fiber in its clothing brands. Players are also using strategies like merger and acquisitions to capture the market. For instance, Voith Gmbh the top player in sugarcane fiber paper industry has acquired Spectris plc in 2019 in order to capture the market. Svenska Cellulosa Aktiebolaget (SCA) France has confirmed its merger with French company Innovation Solutions Bois, Groupe ISB, to expand their operation in France. Further key players in the market are Oji Paper japan, Kimberly-Clark Corp and others.
The research report presents a comprehensive assessment of the Sugarcane Fiber, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to the segments in the Sugarcane Fiber, such as geography, product type, type, and sales channel.
The Sugarcane Fiber report covers exhaustive analysis on:
- Sugarcane Fiber Segments
- Sugarcane Fiber Market Dynamics
- Sugarcane Fiber Market Size
- Supply & Demand of Sugarcane Fiber
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology in the Sugarcane Fiber
- Value Chain of the Sugarcane Fiber
Regional analysis for the Sugarcane Fiber includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics, Eastern Europe, Rest of Europe)
- East Asia (Japan, China, South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest of South Asia)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel, Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report on the Sugarcane Fiber provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per the segments of the Sugarcane Fiber. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the Sugarcane Fiber industry
- In-depth market segmentation of Sugarcane Fiber
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Sugarcane Fiber
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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