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Abaca Fibre Market

Global Abaca Fibre Market Size, Share, Trends, Forecast: By Application: Cordage and Ropes, Yarns, Paper and Pulp, Handicrafts and Fibrecraft, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; 2024-2032

Global Abaca Fibre Market Outlook

The global abaca fibre market is market size was approximately USD 279.86 million in 2023. The market is assessed to grow at a CAGR of 3.7% between 2024 and 2032, reaching a value of around USD 387.70 million by 2032.

 

Global Abaca Fibre Market

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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.

 

Global Abaca Fibre Market by Segment

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The major applications of abaca fibre are:

  • Cordage and Ropes
  • Yarns
  • Paper and Pulp
  • Handicrafts and Fibrecraft
  • Others

The EMR report looks into the regional markets of abaca fibre like North America, Europe, the Asia Pacific, LAMEA.

 

Global Abaca Fibre Market by Region

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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:

  • Ahlstrom-Munksjö
  • Simor Abaca Products
  • Glatfelter Corporation
  • Naturi Alam Semesta
  • Wigglesworth & Co. Limited
  • Specialty Pulp Manufacturing, Inc.
  • 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.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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 and Ropes
  • Yarns
  • Paper and Pulp
  • Handicrafts and Fibrecraft
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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.
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Abaca Fibre Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Abaca Fibre Historical Market (2018-2023) 
    8.3    Global Abaca Fibre Market Forecast (2024-2032)
    8.4    Global Abaca Fibre Market by Application
        8.4.1    Cordage and Ropes
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Yarns
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Paper and Pulp
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Handicrafts and Fibrecraft
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Abaca Fibre Market by Region
        8.5.1    North America
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Europe
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Asia Pacific
            8.5.3.1    Historical Trend (2018-2023) 
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    LAMEA
            8.5.4.1    Historical Trend (2018-2023) 
            8.5.4.2    Forecast Trend (2024-2032)
9    North America Abaca Fibre Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Abaca Fibre Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Others
11    Asia Pacific Abaca Fibre Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    Philippines
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    Others
12    Latin America Abaca Fibre  Market Analysis
    12.1    United Arab Emirates
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Ecuador
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis

17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Ching Bee Trading Corporation
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Swicofil AG
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Sisal Farm (Pty) Ltd.
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
18    Key Trends and Developments in the Market

List of Key Figures and Tables

1.    Global Abaca Fibre Market: Key Industry Highlights, 2018 and 2032
2.    Global Abaca Fibre Historical Market: Breakup by Applications (USD Billion), 2018-2023
3.    Global Abaca Fibre Market Forecast: Breakup by Applications (USD Billion), 2024-2032
4.    Global Abaca Fibre Historical Market: Breakup by Region (USD Billion), 2018-2023
5.    Global Abaca Fibre Market Forecast: Breakup by Region (USD Billion), 2024-2032
6.    North America Abaca Fibre Historical Market: Breakup by Country (USD Billion), 2018-2023
7.    North America Abaca Fibre Market Forecast: Breakup by Country (USD Billion), 2024-2032
8.    Europe Abaca Fibre Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    Europe Abaca Fibre Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Asia Pacific Abaca Fibre Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Asia Pacific Abaca Fibre Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Latin America Abaca Fibre Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Latin America Abaca Fibre Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Middle East and Africa Abaca Fibre Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Middle East and Africa Abaca Fibre Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Global Abaca Fibre Market Structure

Key Questions Answered in the Report

The global abaca fibre market is projected to grow at a CAGR of 3.7% between 2024 and 2032.

The market is being driven by the rising use of natural fibres and sustainable products and the extensive use of abaca fibre in speciality fibres.

The key trends of the market include the surging demand for strong, long-lasting materials, and the increasing research to develop superior abaca fibre.

The major regions in the market are North America, LAMEA, Europe, and the Asia Pacific.

The various applications of abaca fibre in the market are cordage and ropes, yarns, paper and pulp, handicrafts and fibrecraft, among others.

The key players in the global abaca fibre market are Ahlstrom-Munksjö, Simor Abaca Products, Glatfelter Corporation, Naturi Alam Semesta, Wigglesworth & Co. Limited, and Specialty Pulp Manufacturing, Inc., 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 expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 3.7%.

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 and ropes, yarns, paper and pulp, handicrafts and fibre craft, among others. The major regional markets for abaca fibre are North America, Europe, the Asia Pacific, LAMEA. The key players in the above market include Ahlstrom-Munksjö, Simor Abaca Products, Glatfelter Corporation, Naturi Alam Semesta, Wigglesworth & Co. Limited, and Specialty Pulp Manufacturing, Inc., 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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