India Abaca Fiber Market Size & Outlook, 2021-2028
India abaca fiber market, 2017-2028 (US$M)
Related Markets
India abaca fiber market highlights
- The India abaca fiber market generated a revenue of USD 3.7 million in 2020 and is expected to reach USD 13.0 million by 2028.
- The India market is expected to grow at a CAGR of 17.1% 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 3.7 million |
| Market revenue in 2028 | USD 13.0 million |
| Growth rate | 17.1% (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, India accounted for 0.9% 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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India 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 75.68% in 2021. Horizon Databook has segmented the India abaca fiber market based on pulp & paper, fiber craft, cordage, textile covering the revenue growth of each sub-segment from 2017 to 2028.
The Indian abaca fiber market is expected to rise over the forecast period, owing to growing focus of the Ministry of Textiles and several private agencies on the use of natural fibers in the textile industry.
In addition, growing adoption of abaca fibers as a substitute for plastics in face masks due to their biodegradability and better microbe absorption efficiency is expected to create new opportunities for growth in abaca fibers market.
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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 India abaca fiber market , including forecasts for subscribers. This country databook contains high-level insights into India abaca fiber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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India abaca fiber market size, by product, 2017-2028 (US$M)
India Abaca Fiber Market Outlook Share, 2021 & 2028 (US$M)
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