Germany Abaca Fiber Market Size & Outlook, 2021-2028

The abaca fiber market in Germany is expected to reach a projected revenue of US$ 44.9 million by 2028. A compound annual growth rate of 16.8% is expected of Germany abaca fiber market from 2022 to 2028.
Revenue, 2021 (US$M)
$15.2
Forecast, 2028 (US$M)
$44.9
CAGR, 2022 - 2028
16.7%
Report Coverage
Germany

Germany abaca fiber market highlights

  • The Germany abaca fiber market generated a revenue of USD 11.4 million in 2020 and is expected to reach USD 44.9 million by 2028.
  • The Germany market is expected to grow at a CAGR of 18.7% 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 2020USD 11.4 million
Market revenue in 2028USD 44.9 million
Growth rate18.7% (CAGR from 2020 to 2028)
Largest segmentPulp & paper
Fastest growing segmentPulp & Paper
Historical data2017 - 2019
Base year2020
Forecast period2021 - 2028
Quantitative unitsRevenue in USD million
Market segmentationPulp & Paper, Fiber Craft, Cordage, Textile
Key market players worldwideTerranova Papers, DG Global Ventures, Fortress Global Enterprises, Indian Handicraft Exports


Other key industry trends

  • In terms of revenue, Germany accounted for 2.7% 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 Europe, UK abaca fiber market is projected to lead the regional market in terms of revenue in 2028.
  • UK is the fastest growing regional market in Europe and is projected to reach USD 142.6 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

Germany 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 79.82% in 2021. Horizon Databook has segmented the Germany 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 Germany is expected to witness high growth over the forecast period, owing to growing emphasis by German automotive companies on the adoption of natural fibers in automotive to increase energy efficiency of the vehicle.

In addition, increasing adoption of abaca fibers by tea & coffee bag manufacturers over the past few years, owing to its high hygiene levels is expected to benefit market growth.

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

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Germany abaca fiber market size, by product, 2017-2028 (US$M)

Germany Abaca Fiber Market Outlook Share, 2021 & 2028 (US$M)

Germany abaca fiber market size, by product, 2017-2028 (US$M)

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