Europe Abaca Fiber Market Size & Outlook, 2021-2028
Europe abaca fiber market, 2017-2028 (US$M)
Related Markets
Europe abaca fiber market highlights
- The Europe abaca fiber market generated a revenue of USD 90.8 million in 2020.
- The market is expected to grow at a CAGR of 19% 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, UK is expected to register the highest CAGR from 2021 to 2028.
Europe data book summary
| Market revenue in 2020 | USD 90.8 million |
| Market revenue in 2028 | USD 365.7 million |
| Growth rate | 19% (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, Europe region accounted for 21.6% 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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Europe 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 78.63% in 2021. Horizon Databook has segmented the Europe abaca fiber market based on pulp & paper, fiber craft, cordage, textile covering the revenue growth of each sub-segment from 2017 to 2028.
The European abaca fibers market is expected to witness significant growth over the forecast period, owing to growing adoption of abaca fibers in several application industries including food & beverages, automotive, and specialty papers owing to their high mechanical strength, durability, flexibility, and long length. In addition, favorable trade policies by the European countries for the import of abaca and other natural fibers, is expected to benefit abaca fiber 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 continent-level data and insights on the Europe abaca fiber market , including forecasts for subscribers. This continent databook contains high-level insights into Europe abaca fiber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Europe abaca fiber market size, by country, 2017-2028 (US$M)
Europe Abaca Fiber Market Outlook Share, 2021 & 2028 (US$M)
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