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COVID-19 Recovery Analysis: Wood-plastic Composites Market

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the wood-plastic composites market and it is poised to grow by USD 3.21 bn during 2020-2024, progressing at a CAGR of about 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. View market snapshot before purchasing

Increasing infrastructure investments has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. wood-plastic composites market report covers the following areas:

  • Wood-plastic Composites Market Size
  • Wood-plastic Composites Market Trends
  • Wood-plastic Composites Market Industry Analysis
This study identifies the increasing use of bioplastics and recycled plastics as one of the prime reasons driving the wood-plastic composites market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Publication date: 25/09/2020

Business Wire

      

This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 870292.