Global Abaca Fiber Market
Market Size in USD Million
CAGR :
% 
USD
592.62 Million
USD
1,969.81 Million
2021
2029
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 592.62 Million |
 Market Size (Forecast Year) |
USD 1,969.81 Million |
 CAGR |
% |
| Major Markets Players |
|
Global Abaca Fiber Market, By Type (Fine Abaca Fiber, Rough Abaca Fiber), Product (Pulp and Paper, Fiber Craft, Cordage, Textile) – Industry Trends and Forecast to 2029.
Market Analysis and Size
Over the last few years, there has been immense growth in the natural fiber industry due to the high demand. Additionally, there has been strong development in manufacturing sector have significantly contributed to the abaca fiber market, which further increases the overall growth for the market.
Global abaca fiber market was valued at USD 592.62 million in 2021 and is expected to reach USD 1969.81 million by 2029, registering a CAGR of 16.20% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Abaca (often referred as Manila hemp) is basically a plant leaf fiber derived from the stalks of the plant. When compared to sisal fibers, vegetable fibers, and synthetic fibers, the product has gained widespread popularity due to its high strength, minimal elongation, and resistance to saltwater breakdown. It's also a good raw material for making high-quality papers, napkins, diapers, medicinal fabrics, machinery filters, electrical conduction cables, and other completed goods.
Report Scope and Market Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
|
Historic Years |
2020 (Customizable to 2019 - 2014) |
|
Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
|
Segments Covered |
By Type (Fine Abaca Fiber, Rough Abaca Fiber), Product (Pulp and Paper, Fiber Craft, Cordage, Textile) |
|
Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa |
|
Market Players Covered |
Rhode Island (U.S.), Simor Abaca Products (Philippines), SAMATOA (Cambodia), Terranova Papers (Spain), Wiggleswort& Co. Limited. (London), S&P Global (U.S.) |
|
Market Opportunities |
|
Abaca Fiber Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers:
- High Demand Across End Users
The market is likely to be driven by the increased use of abaca fiber in the pulp and paper industry for applications such as cigarette filter papers, tea and coffee bags, and disposable medical and food papers. Additionally, due to qualities such as exceptional high mechanical strength, long fiber length resistance to salt-water damage, and increasing demand for the product in the manufacture of garments, curtains, paper producing, and screen and furnishings, the industry is predicted to rise. The high utilization and adoption across various end use industries is estimated to carve a way for the market's growth.
The increasing demand for sustainable fibers having advanced properties will further propelled the growth rate of abaca fiber market. Additionally, the superior performance and strength offered by the product will also drive market value growth. The growing emphasis by governments across various countries towards the adoption of natural fibers is also projected to bolster the market's growth.
Opportunities
- Research and Development and Trends
Furthermore, active research and development operations are underway to better understand the pulping characteristics, pulp production, and quality of abaca fibers, further extending profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the latest trend in interior designing practices for both residential and commercial spaces will further expand the future growth of the abaca fiber market.
Restraints/Challenges
- Limitation of Abaca Fibres
However, because of its inherent qualities, abaca fibers may not blend consistently with polymer composites, which could limit market expansion.
- Fluctuations in Supply
Furthermore, because the abaca plant is toxic to many diseases, fluctuations in the supply of abaca fibers is anticipated to be a demerit for the abaca fiber market. Therefore, this will challenge the abaca fiber market growth rate.
Moreover, the factors such as the higher price of abaca fiber and availability of substitute products may hamper the market growth.
This abaca fiber market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the abaca fiber market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Abaca Fiber Market
The recent outbreak of coronavirus had a negative impact on the abaca fiber market. Due to numerous precautionary lockdowns imposed by governments to control the spread of disease, substantial interruptions in various production and supply-chain processes have resulted in significant financial losses for the market. The food and beverage industry is also suffering significant losses along with the transportation infrastructure, which has also been severely interrupted combined with the supply of raw materials. Over the forecast period, the aforementioned determinants will weigh the market's revenue trajectory over the forecast period.
On the brighter side, as people are buying goods through online retailers, demand for abaca fibre is expected to climb as economies prepare to restore their operations. Also, to combat the coronavirus, food and beverage producers minimize direct contact with delivery people and guests, reinforce and communicate proper hygiene practices, execute comprehensive sanitations, and eliminate personnel contact during shift changes.
Global Abaca Fiber Market Scope
The abaca fiber market is segmented on the basis of type and product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Fine Abaca Fiber
- Rough Abaca Fiber
On the basis of type, the abaca fiber market has been segmented into fine abaca fiber and rough abaca fiber.
Product
- Pulp and Paper
- Fiber Craft
- Cordage
- Textile
On the basis of product, the abaca fiber market is segmented into pulp and paper, fiber craft, cordage and textile.
Abaca Fiber Market Regional Analysis/Insights
The abaca fiber market is analyzed and market size insights and trends are provided by country, type and product as referenced above.
The countries covered in the abaca fiber market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the abaca fiber market because of the increasing initiatives taken to increase the usage of abaca fibers and gain economic benefits and the growing environmental restrictions regarding the usage of non-biodegradable polymeric fibers within the region.
On the other hand, North America is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the escalating production of papers and paperboards and the increasing rate of commercial and recreational fishing activities within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Abaca Fiber Market Share Analysis
The abaca fiber market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to abaca fiber market.
Some of the major players operating in the abaca fiber market are
- Rhode Island (U.S.)
- Simor Abaca Products (Philippines)
- SAMATOA (Cambodia)
- Terranova Papers (Spain)
- Wigglesworth & Co. Limited. (London)
- S&P Global (U.S.)
SKU-
Get online access to the report on the World's First Market Intelligence Cloud
- Interactive Data Analysis Dashboard
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
- Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Table of Content
1. INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL ABACA FIBER MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2. MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL ABACA FIBER MARKET SIZE
2.3 VENDOR POSITIONING GRID
2.4 MARKETS COVERED
2.5 GEOGRAPHIC SCOPE
2.6 YEARS CONSIDERED FOR THE STUDY
2.7 RESEARCH METHODOLOGY
2.8 TECHNOLOGY LIFE LINE CURVE
2.9 MULTIVARIATE MODELLING
2.10 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.11 DBMR MARKET POSITION GRID
2.12 MARKET APPLICATION COVERAGE GRID
2.13 DBMR MARKET CHALLENGE MATRIX
2.14 SECONDARY SOURCES
2.15 GLOBAL ABACA FIBER MARKET: RESEARCH SNAPSHOT
2.16 ASSUMPTIONS
3. MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4. PRICE INDEX OVERVIEW
5. EXECUTIVE SUMMARY
6. PREMIUM
6.1 RAW MATERIAL COVERAGE
6.2 PRODUCTION CONSUMPTION ANALYSIS
6.3 IMPORT EXPORT SCENARIO
6.4 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS
6.5 PORTER’S FIVE FORCES
6.6 VENDOR SELECTION CRITERIA
6.7 PESTEL ANALYSIS
6.8 REGULATION COVERAGE
7. SUPPLY CHAIN ANALYSIS
7.1 OVERVIEW
7.2 LOGISTIC COST SCENARIO
7.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS
8. CLIMATE CHANGE SCENARIO
8.1 ENVIRONMENTAL CONCERNS
8.2 INDUSTRY RESPONSE
8.3 GOVERNMENT’S ROLE
8.4 ANALYST RECOMMENDATIONS
9. GLOBAL ABACA FIBER MARKET, BY TYPE, (2020-2029), (USD MILLION) (TONNS)
10. (VALUE, VOLUME AND ASP FOR EACH SEGMENT WILL BE PROVIDED)
10.1 OVERVIEW
10.2 FINE ABACA FIBER
10.2.1 ASP
10.2.2 VALUE
10.2.3 VOLUME
10.3 ROUGH ABACA FIBER
10.3.1 ASP
10.3.2 VALUE
10.3.3 VOLUME
11. GLOBAL ABACA FIBER MARKET, BY PRODUCT, (2020-2029), (USD MILLION)
11.1 OVERVIEW
11.2 PULP AND PAPER
11.3 FIBER CRAFT
11.4 CORDAGE
11.5 TEXTILE
11.6 OTHERS
12. GLOBAL ABACA FIBER MARKET, BY CHEMICAL COMPOSITION, (2020-2029), (USD MILLION)
12.1 OVERVIEW
12.2 CELLULOSE 76%
12.3 HEMICELLULOSE 14.6%
12.4 LIGNIN 8.4%
12.5 PECTIN 0.3%
12.6 WAX AND FAT 0.1%
13. GLOBAL ABACA FIBER MARKET, BY FIBER THICKNESS, (2020-2029), (USD MILLION)
13.1 OVERVIEW
13.2 1
13.3 5
13.4 10
13.5 15
13.6 20
14. GLOBAL ABACA FIBER MARKET, BY APPLICATIONS, (2020-2029), (USD MILLION)
14.1 OVERVIEW
14.2 CORDAGE PRODUCTS
14.2.1 CORDAGE PRODUCTS, BY APPLICATION
14.2.1.1. ROPES
14.2.1.2. TWINES
14.2.1.3. MARINE CORDAGE
14.2.1.4. BINDERS
14.2.1.5. CORD
14.3 PULP AND PAPER MANUFACTURES
14.3.1 PULP AND PAPER MANUFACTURES, BY APPLICATION
14.3.1.1. TEA BAGS
14.3.1.2. FILTER PAPER
14.3.1.3. MIMEOGRAPH STENCIL
14.3.1.4. BASE TISSUE
14.3.1.5. SAUSAGE SKIN
14.3.1.6. BASE PAPER
14.3.1.7. CIGARETTE PAPER
14.3.1.8. CURRENCY PAPER
14.3.1.9. CHART FILE FOLDERS
14.3.1.10. ENVELOPES
14.3.1.11. TIME CARDS
14.3.1.12. BOOK BINDERS AND PARCHMENT PAPER
14.3.1.13. X-RAY NEGATIVE
14.3.1.14. OPTICAL LENS WIPER
14.3.1.15. VACUUM FILTER
14.3.1.16. OIL FILTE
14.3.1.17. MICROGLASS AIR FILTERS MEDIA
14.4 NONWOVENS
14.4.1 NONWOVENS, BY APPLICATION
14.4.1.1. MEDICAL FACE MASKS AND GOWNS
14.4.1.2. DIAPERS
14.4.1.3. HOSPITAL LINENS
14.4.1.4. BED SHEETS
14.5 HANDMADE PAPER
14.5.1 HANDMADE PAPER, BY APPLICATION
14.5.1.1. PAPER SHEETS
14.5.1.2. STATIONERIES
14.5.1.3. ALL-PURPOSE CARDS
14.5.1.4. LAMP SHADES
14.5.1.5. BALLS
14.5.1.6. DIVIDERS
14.5.1.7. PLACEMATS
14.5.1.8. BAGS
14.5.1.9. PHOTO FRAMES AND ALBUMS
14.5.1.10. FLOWERS
14.5.1.11. TABLE CLOTH
14.6 FIBERCRAFTS
14.6.1 FIBERCRAFTS, BY APPLICATION
14.6.1.1. HANDBAGS
14.6.1.2. HAMMOCKS
14.6.1.3. PLACEMATS
14.6.1.4. RUGS
14.6.1.5. CARPETS
14.6.1.6. PURSES AND WALLETS
14.6.1.7. FISHNETS
14.6.1.8. DOOR MATS
14.6.1.9. TABLE CLOCK
14.7 HANDWOVEN FABRICS
14.7.1 HANDWOVEN FABRICS, BY APPLICATION
14.7.1.1. SINAMAY
14.7.1.2. PINUKPOK
14.7.1.3. TINALAK
14.7.1.4. DAGMAY
14.7.1.5. SACKS
14.7.1.6. HOTPADS
14.7.1.7. HEMP
14.7.1.8. COASTERS
14.7.1.9. BASKETS
14.7.1.10. WALLPAPER
14.8 FURNITURE
14.9 OTHERS
15. GLOBAL ABACA FIBER MARKET, BY REGION, (2020-2029), (USD MILLION)
15.1 GLOBAL ABACA FIBER MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
15.2 NORTH AMERICA
15.2.1 U.S.
15.2.2 CANADA
15.2.3 MEXICO
15.3 EUROPE
15.3.1 GERMANY
15.3.2 U.K.
15.3.3 ITALY
15.3.4 FRANCE
15.3.5 SPAIN
15.3.6 RUSSIA
15.3.7 SWITZERLAND
15.3.8 TURKEY
15.3.9 BELGIUM
15.3.10 NETHERLANDS
15.3.11 REST OF EUROPE
15.4 ASIA-PACIFIC
15.4.1 JAPAN
15.4.2 CHINA
15.4.3 SOUTH KOREA
15.4.4 INDIA
15.4.5 SINGAPORE
15.4.6 THAILAND
15.4.7 INDONESIA
15.4.8 MALAYSIA
15.4.9 PHILIPPINES
15.4.10 AUSTRALIA & NEW ZEALAND
15.4.11 REST OF ASIA-PACIFIC
15.5 SOUTH AMERICA
15.5.1 BRAZIL
15.5.2 ARGENTINA
15.5.3 REST OF SOUTH AMERICA
15.6 MIDDLE EAST AND AFRICA
15.6.1 SOUTH AFRICA
15.6.2 EGYPT
15.6.3 SAUDI ARABIA
15.6.4 UNITED ARAB EMIRATES
15.6.5 ISRAEL
15.6.6 REST OF MIDDLE EAST AND AFRICA
16. GLOBAL ABACA FIBER MARKET, COMPANY LANDSCAPE
16.1 COMPANY SHARE ANALYSIS: GLOBAL
16.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
16.3 COMPANY SHARE ANALYSIS: EUROPE
16.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC
16.5 MERGERS AND ACQUISITIONS
16.6 NEW PRODUCT DEVELOPMENT AND APPROVALS
16.7 EXPANSIONS
16.8 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
17. SWOT AND DATA BRIDGE MARKET RESEARCH ANALYSIS
18. GLOBAL ABACA FIBER MARKET - COMPANY PROFILES
18.1 TERRANOVAPAPERS
18.1.1 COMPANY SNAPSHOT
18.1.2 PRODUCT PORTFOLIO
18.1.3 PRODUCTION CAPACITY OVERVIEW
18.1.4 SWOT ANALYSIS
18.1.5 REVENUE ANALYSIS
18.1.6 RECENT UPDATES
18.2 WIGGLESWORTH & CO. LIMITED
18.2.1 COMPANY SNAPSHOT
18.2.2 PRODUCT PORTFOLIO
18.2.3 PRODUCTION CAPACITY OVERVIEW
18.2.4 SWOT ANALYSIS
18.2.5 REVENUE ANALYSIS
18.2.6 RECENT UPDATES
18.3 M.A.P. ENTERPRISES
18.3.1 COMPANY SNAPSHOT
18.3.2 PRODUCT PORTFOLIO
18.3.3 PRODUCTION CAPACITY OVERVIEW
18.3.4 SWOT ANALYSIS
18.3.5 REVENUE ANALYSIS
18.3.6 RECENT UPDATES
18.4 SPECIALTY PULP MANUFACTURING, INC. (SPMI)
18.4.1 COMPANY SNAPSHOT
18.4.2 PRODUCT PORTFOLIO
18.4.3 PRODUCTION CAPACITY OVERVIEW
18.4.4 SWOT ANALYSIS
18.4.5 REVENUE ANALYSIS
18.4.6 RECENT UPDATES
18.5 CHING BEE TRADING CORPORATION
18.5.1 COMPANY SNAPSHOT
18.5.2 PRODUCT PORTFOLIO
18.5.3 PRODUCTION CAPACITY OVERVIEW
18.5.4 SWOT ANALYSIS
18.5.5 REVENUE ANALYSIS
18.5.6 RECENT UPDATES
18.6 DGL GLOBAL VENTURES LLC
18.6.1 COMPANY SNAPSHOT
18.6.2 PRODUCT PORTFOLIO
18.6.3 PRODUCTION CAPACITY OVERVIEW
18.6.4 SWOT ANALYSIS
18.6.5 REVENUE ANALYSIS
18.6.6 RECENT UPDATES
*NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST
19. RELATED REPORTS
20. QUESTIONNAIRE
21. CONCLUSION
22. ABOUT DATA BRIDGE MARKET RESEARCH
Global Abaca Fiber Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Abaca Fiber Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Abaca Fiber Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
