U.S. Abaca Fiber Market Size & Outlook, 2021-2028
U.S. abaca fiber market, 2017-2028 (US$M)
Related Markets
U.S. abaca fiber market highlights
- The U.S. abaca fiber market generated a revenue of USD 41.7 million in 2020 and is expected to reach USD 161.4 million by 2028.
- The U.S. market is expected to grow at a CAGR of 18.4% 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 41.7 million |
| Market revenue in 2028 | USD 161.4 million |
| Growth rate | 18.4% (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, U.S. accounted for 9.9% 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 North America, U.S. abaca fiber market is projected to lead the regional market in terms of revenue in 2028.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 161.4 million by 2028.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Abaca Fiber Market Scope
Abaca Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 79.38% in 2021. Horizon Databook has segmented the U.S. abaca fiber market based on pulp & paper, fiber craft, cordage, textile covering the revenue growth of each sub-segment from 2017 to 2028.
The U.S. abaca fiber market is expected to witness significant growth over the forecast period, owing to increase in the currency budget of about 20% from 2020 to 2021 for the country.
In addition, sharp rise in the abaca fiber imports from the Philippines due to increased adoption in applications such as currency notes, specialty papers, and weaving crafts, is expected to create new market growth opportunities over the coming years.
Reasons to subscribe to U.S. abaca fiber market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of U.S. abaca fiber market databook
-
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.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. abaca fiber market , including forecasts for subscribers. This country databook contains high-level insights into U.S. abaca fiber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. abaca fiber market size, by product, 2017-2028 (US$M)
U.S. Abaca Fiber Market Outlook Share, 2021 & 2028 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
