Middle East & Africa Abaca Pulp Market Size & Outlook
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MEA abaca pulp market highlights
- The MEA abaca pulp market generated a revenue of USD 13.8 million in 2023.
- The market is expected to grow at a CAGR of 13.8% 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.
MEA data book summary
| Market revenue in 2023 | USD 13.8 million |
| Market revenue in 2030 | USD 32.8 million |
| Growth rate | 13.8% (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 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, MEA region accounted for 3.1% 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 |
|---|---|---|---|---|
| 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/ |
Middle East & Africa 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 78.26% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Middle East & Africa consist of many developing and developed countries including the U.A.E., Saudi Arabia, Qatar, South Africa, and Egypt. The countries are witnessing expansion of healthcare sectors and medical laboratories owing to the increasing demand for accurate diagnostics tests and high quality healthcare services.
Additionally, the government of Middle East & African countries are taking several initiatives for the expansion of educational research laboratories for fields such as biotechnology and nanotechnology.
The abaca pulp is used in the production of medical filter papers which finds use in laboratories and healthcare sector for filtration of liquids, chemicals, and other matter. Therefore, the expansion of these sectors is expected to positively influence the demand for abaca pulp in the region.
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Target buyers of Middle East & Africa 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa abaca pulp market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa abaca pulp market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Abaca Pulp Market Outlook Share, 2023 & 2030 (US$M)
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