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Market Size

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

Global Abaca Fibre Market Size

The global abaca fibre market was around USD 279.86 million in 2023. The market is estimated to grow at a CAGR of 3.74% during 2024-2032 to reach a value of USD 387.70 million by 2032.

 

Key Takeaways

  • Known for its durability, abaca fabric is not only breathable but also exhibits a mottled appearance and a lustrous surface, adding to its appeal in various applications.
  • The growing concern regarding sustainability is increasing the cultivation of abaca due to its abundance in nature and environmental benefits including soil water retention capabilities.
  • Investments in research and development, infrastructure, and technology are enhancing the competitiveness of the abaca fibre market.

 

Abaca fibres are considered one of the strongest natural fibres. It is being majorly used in the paper and pulp sectors, ropes and cordages, among others.

 

The Philippines is the primary producer of abaca fibre, also known as Manila fibre. In 2019, according to the Philippine Statistics Authority (PSA), the Bicol region in the Philippines was the top producer of abaca. It accounted for 28.94 KMT or 40.1% of the total abaca production in the country. The other major producing regions include Eastern Visayas and Davao.

 

The increasing global demand for green and sustainable products is driven by heightened environmental consciousness, rapid climate change, and growing global waste issues. This further increases the need for natural fibres such as abaca fibres.

 

Abaca Fibre Market Report Snapshots

Abaca Fibre Market Size

Abaca Fibre Market Trends

Abaca Fibre Market Regional Analysis

Abaca Fibre Companies

 

*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    Paper and Pulp
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Cordage and Ropes
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Handicrafts and Fibre Craft
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Yarns
            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    Ahlstrom-Munksjö
            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    Simor Abaca Products
            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    Glatfelter Corporation
            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
        17.2.4    Naturi Alam Semesta
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Wigglesworth & Co. Limited.
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Specialty Pulp Manufacturing, Inc.
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    Others
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 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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