Spain Abaca Fiber Market Size & Outlook, 2021-2028

The abaca fiber market in Spain is expected to reach a projected revenue of US$ 31.5 million by 2028. A compound annual growth rate of 16.2% is expected of Spain abaca fiber market from 2022 to 2028.
Revenue, 2021 (US$M)
$11.0
Forecast, 2028 (US$M)
$31.5
CAGR, 2022 - 2028
16.2%
Report Coverage
Spain

Spain abaca fiber market highlights

  • The Spain abaca fiber market generated a revenue of USD 8.3 million in 2020 and is expected to reach USD 31.5 million by 2028.
  • The Spain 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.


Abaca fiber market data book summary

Market revenue in 2020USD 8.3 million
Market revenue in 2028USD 31.5 million
Growth rate18.2% (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, Spain accounted for 2.0% 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 Europe, UK abaca fiber market is projected to lead the regional market in terms of revenue in 2028.
  • UK is the fastest growing regional market in Europe and is projected to reach USD 142.6 million by 2028.

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Abaca Fiber Market Companies

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Spain 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 79.52% in 2021. Horizon Databook has segmented the Spain abaca fiber market based on pulp & paper, fiber craft, cordage, textile covering the revenue growth of each sub-segment from 2017 to 2028.


The abaca fiber market in Spain is expected to be driven by growing utilization of natural fibers as a replacement for hazardous synthetic materials in several end-use industries including food packaging, paper & pulp, cosmetics, and specialty papers.

Furthermore, growth in the size of specialty paper market in Spain with the establishment of several paper mills is expected to create new growth opportunities for the abaca fiber market.

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  • Our clientele includes a mix of abaca fiber market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain abaca fiber market , including forecasts for subscribers. This country databook contains high-level insights into Spain abaca fiber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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

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

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

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