Latin America Abaca Fiber Market Size & Outlook, 2021-2028
Latin America abaca fiber market, 2017-2028 (US$M)
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Latin America abaca fiber market highlights
- The Latin America abaca fiber market generated a revenue of USD 7.8 million in 2020.
- The market is expected to grow at a CAGR of 16.1% 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.
Latin America data book summary
| Market revenue in 2020 | USD 7.8 million |
| Market revenue in 2028 | USD 25.8 million |
| Growth rate | 16.1% (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, Latin America region accounted for 1.9% 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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Latin America 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 55.13% in 2021. Horizon Databook has segmented the Latin America abaca fiber market based on pulp & paper, fiber craft, cordage, textile covering the revenue growth of each sub-segment from 2017 to 2028.
The Central & South America abaca fiber market is expected to witness growth over the forecast period, due to increase in demand for Ecuador abaca fiber-based products in Japan, Europe, and the U.S., in several application industries. The penetration is expected to be less in dry areas of Brazil and Cuba due to widespread use of less costly sisal fibers in these areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America abaca fiber market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America abaca fiber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America abaca fiber market
Latin America Abaca Fiber Market Outlook Share, 2021 & 2028 (US$M)
Latin America abaca fiber market
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