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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Abaca Fibre Market Analysis by Region
The Philippines is the major producer of abaca fibre on a global scale. The abaca plant is cultivated on about 130,000 ha by 90,000 small farmers across the country. The major goods exported from Philippines include abaca pulp, yarns, cordage, fibre crafts, and raw fibre.
The UK is witnessing the trend of sustainable fashion. About 72% of the UK fashion customers are on the lookout for clothes that are sustainable. France is a regular buyer of abaca fabrics from the Philippines. Annually, the imports of Abaca fabrics from the Philippines correspond to about 1,310 MT.
Ecuador and Costa Rica are prominent abaca fibre producers in the Latin America and Middle East region. The abaca fibre sector in Ecuador is majorly characterised by the presence of large estates and smallholder co-operative cultivators.
Abaca Fibre Market Report Snapshots
Abaca Fibre Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of USD 279.86 million in 2023.
The market is estimated to grow at a CAGR of 3.74% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 387.70 million by 2032.
The market is being driven by the surging demand for strong, long-lasting materials, and the extensive use of abaca fibre in the paper and pulp industry.
The key market trends include the rising use of natural fibres and sustainable products, and the increasing research activities to develop superior abaca fibre.
The major regions in the market are North America, LAMEA, Europe, and the Asia Pacific.
The major applications include paper and pulp, cordage and ropes, handicrafts and fibre craft, and yarns, among others.
The key players in the market include Ahlstrom-Munksjö, Simor Abaca Products, Glatfelter Corporation, Naturi Alam Semesta, Wigglesworth & Co. Limited., and Specialty Pulp Manufacturing, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124