North America Abaca Fiber Market Size & Outlook, 2021-2028
North America abaca fiber market, 2017-2028 (US$M)
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North America abaca fiber market highlights
- The North America abaca fiber market generated a revenue of USD 48.7 million in 2020.
- The market is expected to grow at a CAGR of 18.2% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2021 to 2028.
North America data book summary
| Market revenue in 2020 | USD 48.7 million |
| Market revenue in 2028 | USD 185.9 million |
| Growth rate | 18.2% (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, North America region accounted for 11.6% 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 |
|---|
North 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 79.47% in 2021. Horizon Databook has segmented the North 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 North American abaca fiber market is expected to grow over the forecast period, owing to its high adoption in the currency and specialty paper industries in the U.S. and the tea bags manufacturing industry in Canada.
The growth is expected to be considerably sluggish in Mexico, due to widespread production of sisal fiber in the country. However, its usage is less in other countries in North America owing to its limited performance in the cold and rainy regions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America abaca fiber market , including forecasts for subscribers. This continent databook contains high-level insights into North America abaca fiber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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North America abaca fiber market size, by country, 2017-2028 (US$M)
North America Abaca Fiber Market Outlook Share, 2021 & 2028 (US$M)
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