Global Abaca Fiber Market Size & Outlook

The abaca fiber industry worldwide is expected to reach a projected revenue of US$ 1,742.4 million by 2028. A compound annual growth rate of 19.4% is expected of the worldwide abaca fiber industry from 2021 to 2028.

Revenue, 2020 (US$M)
$420.9
Forecast, 2028 (US$M)
$1,742.4
CAGR, 2021 - 2028
19.4%
Report Coverage
Worldwide

Global abaca fiber market highlights

  • The global abaca fiber market generated a revenue of USD 420.9 million in 2020 and is expected to reach USD 1,742.4 million by 2028.
  • The market is expected to grow at a CAGR (2021 - 2028) of 19.4% by 2028.
  • In terms of segment, pulp & paper accounted for a revenue of USD 347.3 million in 2020.
  • Pulp & Paper is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2020.
  • Country-wise, Mexico is expected to register the highest CAGR from 2021 to 2028.

Global data book summary

Market revenue in 2020USD 420.9 million
Market revenue in 2028USD 1,742.4 million
Growth rate19.4% (CAGR from 2020 to 2028)
Largest segmentPulp & paper
Fastest growing segmentPulp & Paper
Historical data covered2017 - 2019
Base year for estimation2020
Forecast period covered2021 - 2028
Quantitative unitsRevenue in USD million
Market segmentationPulp & Paper, Fiber Craft, Cordage, Textile

Other key industry trends

  • In terms of revenue, the North America accounted for 11.6% of the global abaca fiber market in 2020.
  • By country, the Philippines is projected to lead the global market in terms of revenue in 2028.
  • By country, Mexico is the fastest growing regional market and is projected to reach USD 4.3 million by 2028.

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Abaca Fiber Market Scope

Abaca fiber market segmentation & scope

Abaca Fiber Market Companies

Name Profile # Employees HQ Website

Global abaca fiber market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to abaca fiber market will help companies and investors design strategic landscapes.


pulp & paper was the largest segment with a revenue share of 82.51% in 2020. Horizon Databook has segmented the Global abaca fiber market based on pulp & paper, fiber craft, cordage, textile covering the revenue growth of each sub-segment from 2017 to 2028.


  • Global Abaca Fiber Product Outlook (Revenue, USD Million, 2017-2028)
    • Pulp & Paper
    • Fiber Craft
    • Cordage
    • Textile
    • Others

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Horizon Databook provides a detailed overview of global-level data and insights on the Global abaca fiber market , including forecasts for subscribers. This global databook contains high-level insights into Global abaca fiber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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Global abaca fiber market statistics, by regions, 2017-2028 (US$M)

Top 10 countries: Abaca fiber market size, 2020 (USD Million)

Top 10 countries: Abaca fiber market size, 2020 (USD Million)

Global abaca fiber market, by region, 2020 (US$M)

Global abaca fiber market statistics, by regions, 2017-2028 (US$M)

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