Middle East & Africa Abaca Fiber Market Size & Outlook
Middle East & Africa abaca fiber market, 2017-2028 (US$M)
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MEA abaca fiber market highlights
- The MEA abaca fiber market generated a revenue of USD 3.4 million in 2020.
- The market is expected to grow at a CAGR of 13% from 2021 to 2028.
- In terms of segment, textile was the largest revenue generating product in 2020.
- Pulp & Paper is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2020 | USD 3.4 million |
| Market revenue in 2028 | USD 9.1 million |
| Growth rate | 13% (CAGR from 2020 to 2028) |
| Largest segment | Textile |
| 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, MEA region accounted for 0.8% 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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Middle East & Africa 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.
Textile was the largest segment with a revenue share of 32.35% in 2021. Horizon Databook has segmented the Middle East & Africa abaca fiber market based on pulp & paper, fiber craft, cordage, textile covering the revenue growth of each sub-segment from 2017 to 2028.
The growth of abaca fiber market in the Middle East & Africa region is expected to witness growth owing to wide usage of cordage in oil drilling industries in the Middle East. However, usage of fibers such as sisal and bagasse fibers in the paper manufacturing industry is expected to limit the growth of abaca fiber market over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa abaca fiber market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa abaca fiber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Middle East & Africa abaca fiber market
Middle East & Africa Abaca Fiber Market Outlook Share, 2021 & 2028 (US$M)
Middle East & Africa abaca fiber market
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