Canada Abaca Fiber Market Size & Outlook, 2021-2028
Canada abaca fiber market, 2017-2028 (US$M)
Related Markets
Canada abaca fiber market highlights
- The Canada abaca fiber market generated a revenue of USD 5.6 million in 2020 and is expected to reach USD 20.3 million by 2028.
- The Canada market is expected to grow at a CAGR of 17.5% 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.
Abaca fiber market data book summary
| Market revenue in 2020 | USD 5.6 million |
| Market revenue in 2028 | USD 20.3 million |
| Growth rate | 17.5% (CAGR from 2020 to 2028) |
| Largest segment | Pulp & paper |
| Fastest growing segment | Pulp & Paper |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 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, Canada accounted for 1.3% of the global abaca fiber market in 2020.
- Country-wise, Philippines is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. abaca fiber market is projected to lead the regional market in terms of revenue in 2028.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 161.4 million by 2028.
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Abaca Fiber Market Scope
Abaca Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 78.57% in 2021. Horizon Databook has segmented the Canada abaca fiber market based on pulp & paper, fiber craft, cordage, textile covering the revenue growth of each sub-segment from 2017 to 2028.
Growth of abaca fiber industry in Canada is expected to be driven by growing emphasis on its use by food & beverage and textile companies to replace non-biodegradable synthetic fibers with ecofriendly abaca fibers.
The degrading time for abaca fibers is about two months, making it ecofriendly in nature. Furthermore, increasing imports of abaca cordages owing to their better durability and high abrasion resistance as compared to synthetic ropes is expected to benefit the market growth.
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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 country-level data and insights on the Canada abaca fiber market , including forecasts for subscribers. This country databook contains high-level insights into Canada abaca fiber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Canada abaca fiber market size, by product, 2017-2028 (US$M)
Canada Abaca Fiber Market Outlook Share, 2021 & 2028 (US$M)
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