China Abaca Fiber Market Size & Outlook, 2021-2028
China abaca fiber market, 2017-2028 (US$M)
Related Markets
China abaca fiber market highlights
- The China abaca fiber market generated a revenue of USD 31.3 million in 2020 and is expected to reach USD 124.2 million by 2028.
- The China market is expected to grow at a CAGR of 18.8% 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 31.3 million |
| Market revenue in 2028 | USD 124.2 million |
| Growth rate | 18.8% (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, China accounted for 7.4% 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 Asia Pacific, Philippines abaca fiber market is projected to lead the regional market in terms of revenue in 2028.
- Philippines is the fastest growing regional market in Asia Pacific and is projected to reach USD 848.5 million by 2028.
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Abaca Fiber Market Scope
Abaca Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 81.79% in 2021. Horizon Databook has segmented the China abaca fiber market based on pulp & paper, fiber craft, cordage, textile covering the revenue growth of each sub-segment from 2017 to 2028.
The growth of abaca fiber market in China is expected to rise over the coming years, owing to increased usage of natural fibers in several end-use industries including food & beverage, packaging, and textiles.
In addition, increase in import of abaca fibers by Chinese companies for adoption of eco-friendly abaca fiber masks as a substitute for single-use plastic masks, is expected to benefit the market growth over the projected period.
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Target buyers of China 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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China abaca fiber market , including forecasts for subscribers. This country databook contains high-level insights into China abaca fiber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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China abaca fiber market size, by product, 2017-2028 (US$M)
China Abaca Fiber Market Outlook Share, 2021 & 2028 (US$M)
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