Europe Abaca Pulp Market Size & Outlook, 2023-2030
Europe abaca pulp market, 2018-2030 (US$M)
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Europe abaca pulp market highlights
- The Europe abaca pulp market generated a revenue of USD 173.0 million in 2023.
- The market is expected to grow at a CAGR of 13.6% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| 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 |
Other key industry trends
- In terms of revenue, Europe region accounted for 38.9% of the global abaca pulp market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 423.5 million by 2030.
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Abaca Pulp Market Scope
Abaca Pulp Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 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.
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Target buyers of Europe 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 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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Europe abaca pulp market size, by country, 2018-2030 (US$M)
Europe Abaca Pulp Market Outlook Share, 2023 & 2030 (US$M)
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