Canada Abaca Pulp Market Size & Outlook, 2023-2030
Canada abaca pulp market, 2018-2030 (US$M)
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Canada abaca pulp market highlights
- The Canada abaca pulp market generated a revenue of USD 13.6 million in 2023 and is expected to reach USD 29.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.7% from 2024 to 2030.
- In terms of segment, food preparation papers (tea bag, filter paper) was the largest revenue generating product in 2023.
- Food Preparation Papers (Tea Bag, Filter Paper) is the most lucrative product segment registering the fastest growth during the forecast period.
Abaca pulp market data book summary
| Market revenue in 2023 | USD 13.6 million |
| Market revenue in 2030 | USD 29.5 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Food preparation papers (tea bag, filter paper) |
| Fastest growing segment | Food Preparation Papers (Tea Bag, Filter Paper) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food Preparation Papers (Tea Bag, Filter Paper), Medical Filter Papers, Other Products |
| Key market players worldwide | Ahlstrom-Munksjö, Glatfelter Corp, Nippon Kodoshi, Terranova Papers, University Products, Wigglesworth |
Other key industry trends
- In terms of revenue, Canada accounted for 3.1% of the global abaca pulp market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. abaca pulp 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 316.4 million by 2030.
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Abaca Pulp Market Scope
Abaca Pulp Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada abaca pulp 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 pulp market will help companies and investors design strategic landscapes.
Food preparation papers (tea bag, filter paper) was the largest segment with a revenue share of 75% in 2023. Horizon Databook has segmented the Canada abaca pulp market based on food preparation papers (tea bag, filter paper), medical filter papers, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Growth of abaca pulp industry in Canada is expected to be driven by the growing emphasis on its use by food & beverage and paper companies to replace non-biodegradable synthetic material with ecofriendly abaca pulp.
Companies from several end-use industries in Canada including specialty papers, cigarette papers, insulating boards, tea bags, filters, sausage casing, and electrolyte condensing paper, are largely emphasizing the adoption of natural pulp with enhanced properties to serve as possible substitutes for synthetic pulp.
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Our clientele includes a mix of abaca pulp 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 Canada abaca pulp market , including forecasts for subscribers. This country databook contains high-level insights into Canada abaca pulp market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada abaca pulp market size, by product, 2018-2030 (US$M)
Canada Abaca Pulp Market Outlook Share, 2023 & 2030 (US$M)
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