China Abaca Pulp Market Size & Outlook, 2024-2030
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China abaca pulp market highlights
- The China abaca pulp market generated a revenue of USD 25.7 million in 2023 and is expected to reach USD 59.6 million by 2030.
- The China market is expected to grow at a CAGR of 13.4% 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 25.7 million |
| Market revenue in 2030 | USD 59.6 million |
| Growth rate | 13.4% (CAGR from 2024 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, China accounted for 5.8% 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 Asia Pacific, Japan abaca pulp market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 90.0 million by 2030.
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Abaca Pulp Market Scope
Abaca Pulp Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Wigglesworth | View profile | 11-50 | London, England, United Kingdom, Europe | https://www.wigglesworthfibres.com |
| University Products | View profile | 51-100 | Holyoke, Massachusetts, United States, North America | https://www.universityproducts.com |
| Terranova Papers | View profile | 51-100 | La Pobla De Claramunt, Catalonia, Spain, Europe | https://terranovapapers.com |
| Nippon Kodoshi | View profile | 251-500 | Kochi, Kochi, Japan, Asia | https://www.kodoshi.co.jp/english/ |
| Glatfelter Corp | View profile | 2916 | 4350 Congress Street, Suite 600, Charlotte, NC, United States, 28209 | https://www.glatfelter.com |
| Ahlstrom-Munksjö | View profile | 5001-10000 | Helsinki, Southern Finland, Finland, Europe | https://www.ahlstrom-munksjo.com/ |
China 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 78.99% in 2023. Horizon Databook has segmented the China 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.
The growth of abaca pulp market in China is expected to rise over the coming years, owing to increased use of natural pulp in several end-use industries including food & beverage, packaging, and medical.
In addition, increase in the import of abaca fibers by Chinese companies for adoption of eco-friendly abaca facemasks as a substitute for single-use plastic masks, is expected to benefit the market growth over the forecast period.
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Target buyers of China abaca pulp market databook
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Our clientele includes a mix of abaca pulp market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 China abaca pulp market , including forecasts for subscribers. This country databook contains high-level insights into China abaca pulp market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China Product - Abaca Pulp Market size, 2023 - 2030 (US$M)
China Abaca Pulp Market Outlook Share, 2023 & 2030 (US$M)
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