Market revenue in 2023 | USD 173.0 million |
Market revenue in 2030 | USD 423.5 million |
Growth rate | 13.6% (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 covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 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 |
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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 73.41% in 2023. Horizon Databook has segmented the Europe 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.
Countries in the European region are mainly cold around the year. Due to this, the consumption of ready-to-drink hot beverages, such as different types of coffee and tea, is high in the region. This has resulted in the growing demand for tea bags and coffee filters in the market.
In addition, European governments often implement policies and incentives to promote sustainable and eco-friendly practices in various industries. These policies may encourage businesses to use abaca pulp or invest in research & development related to its applications.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe abaca pulp market , including forecasts for subscribers. This continent databook contains high-level insights into Europe abaca pulp market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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