Asia Pacific Abaca Fiber Market Size & Outlook, 2021-2028
Asia Pacific abaca fiber market, 2017-2028 (US$M)
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Asia Pacific abaca fiber market highlights
- The Asia Pacific abaca fiber market generated a revenue of USD 270.3 million in 2020.
- The market is expected to grow at a CAGR of 19.9% from 2021 to 2028.
- In terms of segment, pulp & paper was the largest revenue generating product in 2020.
- Pulp & Paper is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Philippines is expected to register the highest CAGR from 2021 to 2028.
Asia Pacific data book summary
| Market revenue in 2020 | USD 270.3 million |
| Market revenue in 2028 | USD 1,155.9 million |
| Growth rate | 19.9% (CAGR from 2020 to 2028) |
| Largest segment | Pulp & paper |
| Fastest growing segment | Pulp & Paper |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pulp & Paper, Fiber Craft, Cordage, Textile |
| Key market players worldwide | Terranova Papers, DG Global Ventures, Fortress Global Enterprises, Indian Handicraft Exports |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 64.2% of the global abaca fiber market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,155.9 million by 2028.
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Abaca Fiber Market Scope
Abaca Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 85.87% in 2021. Horizon Databook has segmented the Asia Pacific abaca fiber market based on pulp & paper, fiber craft, cordage, textile covering the revenue growth of each sub-segment from 2017 to 2028.
the abaca fiber market in Asia Pacific is witness high growth over the projected period, owing to its growing usage in application industries such as ropes, currency notes, automotive, and food packaging.
Adoption of these fibers in the currency production industry in Japan & Philippines is expected to drive market growth. In addition, easy trade policies by Japan and India for import of these fibers is expected to benefit the market growth over the forecast period.
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Target buyers of Asia Pacific abaca fiber market databook
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Our clientele includes a mix of abaca fiber market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific abaca fiber market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific abaca fiber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Asia Pacific abaca fiber market size, by country, 2017-2028 (US$M)
Asia Pacific Abaca Fiber Market Outlook Share, 2021 & 2028 (US$M)
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