UK Abaca Pulp Market Size & Outlook, 2024-2030
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UK abaca pulp market highlights
- The UK abaca pulp market generated a revenue of USD 60.7 million in 2023 and is expected to reach USD 159.5 million by 2030.
- The UK market is expected to grow at a CAGR of 15.2% 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 60.7 million |
| Market revenue in 2030 | USD 159.5 million |
| Growth rate | 15.2% (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 | 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, UK accounted for 13.7% 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 |
|---|---|---|---|---|
| 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/ |
UK 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 82.54% in 2023. Horizon Databook has segmented the UK 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.
Several countries in the world, including the UK, have been increasingly focusing on sustainability and environmental responsibility. Abaca is considered a sustainable and eco-friendly material because it is a renewable resource that grows quickly, and its cultivation has a lower environmental impact compared to some other crops. This aligns with the UK's efforts to reduce its carbon footprint and promote sustainable practices.
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Target buyers of UK 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 UK abaca pulp market , including forecasts for subscribers. This country databook contains high-level insights into UK abaca pulp market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK Product - Abaca Pulp Market size, 2023 - 2030 (US$M)
UK Abaca Pulp Market Outlook Share, 2023 & 2030 (US$M)
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