U.S. Abaca Fiber Market Size & Outlook, 2024-2030
U.S. abaca fiber market, 2018-2030 (US$M)
Related Markets
U.S. abaca fiber market highlights
- The U.S. abaca fiber market generated a revenue of USD 95.7 million in 2024 and is expected to reach USD 211.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 14.2% from 2025 to 2030.
- In terms of segment, pulp & paper was the largest revenue generating product in 2024.
- 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 2024 | USD 95.7 million |
| Market revenue in 2030 | USD 211.2 million |
| Growth rate | 14.2% (CAGR from 2025 to 2030) |
| Largest segment | Pulp & paper |
| Fastest growing segment | Pulp & Paper |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| 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 9.6% of the global abaca fiber market in 2024.
- Country-wise, Philippines is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. abaca fiber market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 211.2 million by 2030.
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Abaca Fiber Market Scope
Abaca Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
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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 92.58% in 2024. 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 2018 to 2030.
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.
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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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. abaca fiber market size, by product, 2018-2030 (US$M)
U.S. Abaca Fiber Market Outlook Share, 2024 & 2030 (US$M)
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