UK Abaca Fiber Market Size & Outlook, 2021-2028
UK abaca fiber market, 2017-2028 (US$M)
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UK abaca fiber market highlights
- The UK abaca fiber market generated a revenue of USD 33.3 million in 2020 and is expected to reach USD 142.6 million by 2028.
- The UK market is expected to grow at a CAGR of 20% 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 33.3 million |
| Market revenue in 2028 | USD 142.6 million |
| Growth rate | 20% (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, UK accounted for 7.9% 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 Scope
Abaca Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 79.58% in 2021. Horizon Databook has segmented the UK 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 the abaca fiber market in the UK is expected to be driven by its growing demand in the production of specialty papers, owing to its high mechanical strength and long length of up to 3m. In addition, increasing adoption of abaca fibers in currency notes owing to its high durability is expected to create new growth opportunities for the abaca fiber market.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK abaca fiber market , including forecasts for subscribers. This country databook contains high-level insights into UK abaca fiber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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UK abaca fiber market size, by product, 2017-2028 (US$M)
UK Abaca Fiber Market Outlook Share, 2021 & 2028 (US$M)
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