Japan Abaca Fiber Market Size & Outlook, 2021-2028

The abaca fiber market in Japan is expected to reach a projected revenue of US$ 120.1 million by 2028. A compound annual growth rate of 17.6% is expected of Japan abaca fiber market from 2022 to 2028.
Revenue, 2021 (US$M)
$38.6
Forecast, 2028 (US$M)
$120.1
CAGR, 2022 - 2028
17.6%
Report Coverage
Japan

Japan abaca fiber market highlights

  • The Japan abaca fiber market generated a revenue of USD 28.7 million in 2020 and is expected to reach USD 120.1 million by 2028.
  • The Japan market is expected to grow at a CAGR of 19.6% 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 28.7 million
Market revenue in 2028USD 120.1 million
Growth rate19.6% (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, Japan accounted for 6.8% 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 Companies

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Japan 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 86.41% in 2021. Horizon Databook has segmented the Japan abaca fiber market based on pulp & paper, fiber craft, cordage, textile covering the revenue growth of each sub-segment from 2017 to 2028.


The market for abaca fibers in Japan is expected to witness significant growth over the forecast period, owing to high utilization of abaca fibers in currency paper manufacturing. In addition, growing demand for abaca-based specialty papers from several application industries including book binding, interior designing, graphic designing, and packaging is expected to benefit market growth.

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

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

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

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

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