Philippines Abaca Fiber Market Size & Outlook, 2021-2028
Philippines abaca fiber market, 2017-2028 (US$M)
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Philippines abaca fiber market highlights
- The Philippines abaca fiber market generated a revenue of USD 191.3 million in 2020 and is expected to reach USD 848.5 million by 2028.
- The Philippines market is expected to grow at a CAGR of 20.5% 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 191.3 million |
| Market revenue in 2028 | USD 848.5 million |
| Growth rate | 20.5% (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, Philippines accounted for 45.4% 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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Philippines 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 87.3% in 2021. Horizon Databook has segmented the Philippines abaca fiber market based on pulp & paper, fiber craft, cordage, textile covering the revenue growth of each sub-segment from 2017 to 2028.
The Philippines abaca fiber market is expected to witness significant growth over the forecast period, owing to growing demand for abaca fiber-based products in various application industries across the globe.
The Philippines is the largest global supplier of abaca fibers. Furthermore, initiatives by the government for the production of currency paper using 100% locally made natural fibers is expected to create new growth opportunities in the abaca fiber market.
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Target buyers of Philippines abaca fiber market databook
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Our clientele includes a mix of abaca fiber market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Philippines abaca fiber market , including forecasts for subscribers. This country databook contains high-level insights into Philippines abaca fiber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Philippines abaca fiber market size, by product, 2017-2028 (US$M)
Philippines Abaca Fiber Market Outlook Share, 2021 & 2028 (US$M)
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