Abaca Fiber Market Estimated to Cross US$ 3.7 Bn by 2030

The worldwide Abaca Fiber market measurement is anticipated to achieve USD 3.7 billion by 2030 and is anticipated to increase at a CAGR of 17.1% from 2021 to 2030.

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Growth Factors

 Growing emphasis by governments across various countries towards the adoption of natural fibers is expected to drive market growth as a substitute for hazardous synthetic fibers and metals in various industries.

Rapidly rising usage of abaca fiber in the growing pulp and paper industry for applications such as cigarette filter papers, tea and coffee bags, and disposable medical and food papers is expected to drive the market.

The paper and pulp industry is expected to be the dominant application segment over the forecast period. Specialty papers made of abaca fibers are lightweight and possess high tensile strength. Due to these properties, companies in the pulp and paper industry prefer abaca fibers for applications such as tea bags, large sausage casings, currency and security papers, and cigarette and filter papers.

Report Coverage

Report Scope Details
Market Size USD 3.7 billion by 2030
Growth Rate CAGR of 17.1% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned M.A.P. Enterprises; Yzen Handicraft Export Trading; Specialty Pulp Manufacturing, Inc. (SPMI); Ching Bee Trading Corporation; Peral Enterprises; Sellinrail International Trading Company; DGL Global Ventures LLC; Terranova Papers

By Product Analysis

The pulp and paper product segment led the market and accounted for the largest revenue share of more than 82.0% in 2020. This is attributed to the rising demand for non-wood fibers as raw materials for specialty paper applications.

Active research and development activities are in progress for the proper understanding of pulping characteristics, pulp yield, and quality of abaca fibers. The outcomes of the studies can offer a good idea of possibilities and potential use of abaca fibers for pulp and paper production.

The textile product segment is also expected to witness a notable revenue-based CAGR of 12.2% over the forecast period on account of the rising demand for advanced biomaterials in fashion textiles.

By Regional Analysis

Asia Pacific dominated the market and accounted for the largest revenue share of about 64.0% in 2020, owing to the growth in adoption of these fibers in several end-use industries including healthcare, specialty paper, handicraft, automotive, and textile, due to their high mechanical strength, durability, long length, and sustainability.

In Europe, the market is expected to witness a notable revenue-based CAGR of 14.8% from 2021 to 2028, owing to the growing adoption of the fibers in several application industries including food and beverages, automotive, and specialty papers owing to their high mechanical strength, durability, flexibility, and long length.

Key Players

  • M.A.P. Enterprises
  • Yzen Handicraft Export Trading
  • Specialty Pulp Manufacturing, Inc. (SPMI)
  • Ching Bee Trading Corporation
  • Peral Enterprises
  • Sellinrail International Trading Company
  • DGL Global Ventures LLC
  • Terranova Papers

Market Segmentation

  • Product
    • Pulp & paper
    • Fiber Craft
    • Cordage
    • Textile
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K.
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • Philippines
    • Central & South America
    • Middle East & Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Abaca Fiber Market, By Product

7.1.  Abaca Fiber Market, by Product, 2021-2030

7.1.1.    Pulp & paper

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Fiber Craft

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Cordage

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Textile

7.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Abaca Fiber Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by Product (2017-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America

8.1.3.1.        Market Revenue and Forecast, by Product (2017-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by Product (2017-2030)

8.2.2.    UK

8.2.2.1.        Market Revenue and Forecast, by Product (2017-2030)

8.2.3.    France

8.2.3.1.        Market Revenue and Forecast, by Product (2017-2030)

8.2.4.    Rest of Europe

8.2.4.1.        Market Revenue and Forecast, by Product (2017-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by Product (2017-2030)

8.3.2.    India

8.3.2.1.        Market Revenue and Forecast, by Product (2017-2030)

8.3.3.    China

8.3.3.1.        Market Revenue and Forecast, by Product (2017-2030)

8.3.4.    Japan

8.3.4.1.        Market Revenue and Forecast, by Product (2017-2030)

8.3.5.    Rest of APAC

8.3.5.1.        Market Revenue and Forecast, by Product (2017-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by Product (2017-2030)

8.4.2.    GCC

8.4.2.1.        Market Revenue and Forecast, by Product (2017-2030)

8.4.3.    North Africa

8.4.3.1.        Market Revenue and Forecast, by Product (2017-2030)

8.4.4.    South Africa

8.4.4.1.        Market Revenue and Forecast, by Product (2017-2030)

8.4.5.    Rest of MEA

8.4.5.1.        Market Revenue and Forecast, by Product (2017-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by Product (2017-2030)

8.5.2.    Brazil

8.5.2.1.        Market Revenue and Forecast, by Product (2017-2030)

8.5.3.    Rest of LATAM

8.5.3.1.        Market Revenue and Forecast, by Product (2017-2030)

Chapter 9.    Company Profiles

9.1.  M.A.P. Enterprises

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  Yzen Handicraft Export Trading

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  Specialty Pulp Manufacturing, Inc. (SPMI)

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  Ching Bee Trading Corporation

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  Peral Enterprises

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

9.6.  Sellinrail International Trading Company

9.6.1.    Company Overview

9.6.2.    Product Offerings

9.6.3.    Financial Performance

9.6.4.    Recent Initiatives

9.7.  DGL Global Ventures LLC

9.7.1.    Company Overview

9.7.2.    Product Offerings

9.7.3.    Financial Performance

9.7.4.    Recent Initiatives

9.8.  Terranova Papers

9.8.1.    Company Overview

9.8.2.    Product Offerings

9.8.3.    Financial Performance

9.8.4.    Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

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