Italy Abaca Pulp Market Size & Outlook, 2023-2030
Italy abaca pulp market, 2018-2030 (US$M)
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Italy abaca pulp market highlights
- The Italy abaca pulp market generated a revenue of USD 11.5 million in 2023 and is expected to reach USD 27.3 million by 2030.
- The Italy market is expected to grow at a CAGR of 13.1% 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 11.5 million |
| Market revenue in 2030 | USD 27.3 million |
| Growth rate | 13.1% (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, Italy accounted for 2.6% 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 Europe, UK abaca pulp market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 159.5 million by 2030.
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Abaca Pulp Market Scope
Abaca Pulp Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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 73.91% in 2023. Horizon Databook has segmented the Italy 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.
Moreover, the UK has a strong tea culture with tea rooms and tea-related tourism. This has contributed to the growth of tea industry by promoting tea as an experience rather than just a beverage. The UK market offers a wide variety of tea blends to cater to different tastes and preferences.
Traditional black teas, like English Breakfast and Earl Grey, are significant, but there's also a growing market for herbal teas, green teas, fruit-infused teas, and specialty blends. This growing demand for tea is positively influencing the demand for tea bags and is further expected to drive the demand for abaca pulp in the country in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy abaca pulp market , including forecasts for subscribers. This country databook contains high-level insights into Italy abaca pulp market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy abaca pulp market size, by product, 2018-2030 (US$M)
Italy Abaca Pulp Market Outlook Share, 2023 & 2030 (US$M)
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