Philippines Abaca Pulp Market Size & Outlook, 2023-2030
Philippines abaca pulp market, 2018-2030 (US$M)
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Philippines abaca pulp market highlights
- The Philippines abaca pulp market generated a revenue of USD 0.9 million in 2023 and is expected to reach USD 2.1 million by 2030.
- The Philippines market is expected to grow at a CAGR of 12.1% 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 0.9 million |
| Market revenue in 2030 | USD 2.1 million |
| Growth rate | 12.1% (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, Philippines accounted for 0.2% 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 |
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Philippines 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 77.78% in 2023. Horizon Databook has segmented the Philippines 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 Philippines abaca pulp market is expected to witness significant growth over 2023 to 2030, owing to growing demand for abaca pulp-based products in various application industries across the globe. Initiatives by the government for the production of currency paper using 100% locally made pulp is expected to create new growth opportunities in the abaca pulp market.
The Philippines is the largest producer and supplier of abaca fibers in the world, accounting for over 85% of the total global production in 2022–23.
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Target buyers of Philippines 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 Philippines abaca pulp market , including forecasts for subscribers. This country databook contains high-level insights into Philippines abaca pulp market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Philippines abaca pulp market size, by product, 2018-2030 (US$M)
Philippines Abaca Pulp Market Outlook Share, 2023 & 2030 (US$M)
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