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Global Abaca Fibre Market: By Application: Cordage, Ropes and Yarns, Paper and Pulp, Handicrafts, Fibre Craft, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
Global Abaca Fibre Market Outlook
The global abaca fibre market is supported by the growth of Philippines abaca fibre market as the country produces three-fourth of the total abaca. The Philippines abaca fibre industry is expected to grow in the forecast period of 2022-2027 at a CAGR of 6%.
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Rising Use of Natural Fibres Owing to Increasing Environmental-Consciousness Aiding the Market Growth for Abaca Fibre
The rising demand for green and sustainable products around the world is significantly increasing owing to surging environmental consciousness, rapid climate change, and the growing global waste problem, which is escalating the demand for natural fibres like abaca fibre. Moreover, the products manufactured using abaca fibre and the production of abaca fibre composites are energy-efficient. Hence, it does not contribute to carbon emissions. This is increasing the use of abaca fibre in various applications. It is one of the strongest natural fibres, due to which it is used in the automotive industry, furniture industry, textile industry, and paper and pulp industry, among others.
The durability, mechanical strength, flexibility, and length of abaca fibre can be used as a renewable resource for various industrial and non-industrial uses, which is propelling the market growth. In addition, abaca-reinforced polymers are increasingly used as a substitute for synthetic polyester, which is increasing the demand for abaca fibre, hence augmenting the market growth. The use of abaca fibres is also attributed to the manufacturing of hats, ropes, finishing lines and nets, and twines, among others, owing to its high strength. It is most widely used in the production of speciality papers such as tea bags, coffee filter paper, sausage skins, and currency papers. Abaca fibre enables the manufacture of thin, strong, and recycled paper; hence it is extensively used in the pulp and paper industry, which is providing further impetus to the industry growth.
Abaca Fibre: Market Segmentation
Abaca fibre, variously known as Manila hemp, is a fibre that is made from leafstalks of abaca. The fibre is primarily produced in the Philippines and Ecuador. It is the strongest natural fibre, due to which it is used for several applications. It is extensively used in the production of ropes and speciality paper while also being used in the automotive industry.
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The major applications of abaca fibre are:
- Cordage
- Ropes and Yarns
- Paper and Pulp
- Handicrafts
- Fibre Craft
- Others
The EMR report looks into the regional markets of abaca fibre like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Extensive Use of Abaca Fibre in the Automotive Industry is Boosting the Growth of the Abaca Fibre Industry
The increasing use of abaca fibre in the automotive industry is boosting the market growth. As it exhibits the same properties as glass fibres, it is used as the latter’s substitute in the exterior of many automobiles. Moreover, the low heat conductivity of abaca fibre makes them suitable for use as a roofing material for public utility vehicles to keep the vehicles cool in summer. Abaca fibre is also used as a composite material in semi-structured components. In addition, natural fibres such as abaca fibre reduce the weight of parts of automobiles to enhance fuel efficiency. This also facilitates environmentally friendly production while promoting sustainability and recyclability. The high mechanical strength of abaca fibre offers great potential for its use in various industries.
The cultivation of abaca can prevent soil erosion and promote biodiversity. Moreover, the waste materials of the fibre are used as an organic fertiliser to enhance soil fertility. Although the production of abaca fibre involves multiple steps and is a laborious process, it increases profitability, due to which it is produced extensively. This is also aiding the market growth. In addition, increasing researches regarding the genetic information of abaca are expected to aid in the creation of a better abaca fibre that can be used for various applications. This is anticipated to invigorate the market growth in the upcoming years.
Key Industry Players in the Global Abaca Fibre Market
The report presents a detailed analysis of the following key players in the global abaca fibre market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Ching Bee Trading Corporation
- Swicofil AG
- Sisal Farm (Pty) Ltd.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | Cordage, Ropes and Yarns, Paper and Pulp, Handicrafts, Fibre Craft, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Ching Bee Trading Corporation, Swicofil AG, Sisal Farm (Pty) Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Abaca Fibre Market Analysis
8.1 Key Industry Highlights
8.2 Global Abaca Fibre Historical Market (2017-2021)
8.3 Global Abaca Fibre Market Forecast (2022-2027)
8.4 Global Abaca Fibre Market by Application
8.4.1 Cordage
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Ropes and Yarns
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Paper and Pulp
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Handicrafts
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Fibre Craft
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.4.6 Others
8.5 Global Abaca Fibre Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Ching Bee Trading Corporation
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Swicofil AG
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Sisal Farm (Pty) Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Others
List of Key Figures and Tables
1. Global Abaca Fibre Market: Key Industry Highlights, 2016 and 2026
2. Global Abaca Fibre Historical Market: Breakup by Applications (USD Billion), 2017-2021
3. Global Abaca Fibre Market Forecast: Breakup by Applications (USD Billion), 2022-2027
4. Global Abaca Fibre Historical Market: Breakup by Region (USD Billion), 2017-2021
5. Global Abaca Fibre Market Forecast: Breakup by Region (USD Billion), 2022-2027
6. North America Abaca Fibre Historical Market: Breakup by Country (USD Billion), 2017-2021
7. North America Abaca Fibre Market Forecast: Breakup by Country (USD Billion), 2022-2027
8. Europe Abaca Fibre Historical Market: Breakup by Country (USD Billion), 2017-2021
9. Europe Abaca Fibre Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Asia Pacific Abaca Fibre Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Asia Pacific Abaca Fibre Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Latin America Abaca Fibre Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Latin America Abaca Fibre Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Middle East and Africa Abaca Fibre Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Middle East and Africa Abaca Fibre Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. North America Historical Price Trends and Forecast (2017-2027)
17. Europe Historical Price Trends and Forecast (2017-2027)
18. Asia Pacific Historical Price Trends and Forecast (2017-2027)
19. Latin America Historical Price Trends and Forecast (2017-2027)
20. Middle East and Africa Historical Price Trends and Forecast (2017-2027)
21. Global Abaca Fibre Market Structure
Key Questions Answered in the Report
The global abaca fibre market is supported by the growth of Philippines abaca fibre market, which is projected to grow at a CAGR of 6% between 2021 and 2026.
The market is being aided by rising use of natural fibres and sustainable products and the extensive use of abaca fibre in speciality fibres.
The industry is being driven by the rising use of abaca fibre in the automotive sector and increasing research to develop more superior abaca fibre.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications of abaca fibre in the industry are cordage, ropes and yarns, paper and pulp, handicrafts, and fibre craft, among others.
The major players in the industry are Ching Bee Trading Corporation, Swicofil AG, and Sisal Farm (Pty) Ltd., among others.
Analyst Review
The global abaca fibre market is driven by the rising demand for natural fibres and the growing use of abaca fibre in the automotive industry. The market is supported by the growth of Philippines abaca fibre market, which is expected to witness a healthy growth in the forecast period of 2022-2027, growing at a CAGR of 6%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its applications, the abaca fibre industry can be segmented into cordage, ropes and yarns, paper and pulp, handicrafts, and fibre craft, among others. The major regional markets for abaca fibre are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Ching Bee Trading Corporation, Swicofil AG, and Sisal Farm (Pty) Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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