U.S. Abaca Pulp Market Size & Outlook, 2023-2030
U.S. abaca pulp market, 2018-2030 (US$M)
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U.S. abaca pulp market highlights
- The U.S. abaca pulp market generated a revenue of USD 130.0 million in 2023 and is expected to reach USD 316.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 13.5% 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 130.0 million |
| Market revenue in 2030 | USD 316.4 million |
| Growth rate | 13.5% (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, U.S. accounted for 29.2% 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 North America, U.S. abaca pulp market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 316.4 million by 2030.
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Abaca Pulp Market Scope
Abaca Pulp Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 73.77% in 2023. Horizon Databook has segmented the U.S. 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 demand for abaca pulp in the U.S. is attributed to the growing demand for renewable and biodegradable products along with the rising adoption of sustainable products in the country. Abaca pulp can be used as a substitute for wood pulp in various paper and textile applications.
The growing adoption of abaca pulp by the paper industry, and specialty applications including tea bags, coffee filters, owing to their high durability characteristics is expected to drive the growth of abaca pulp market over the forecast period.
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Target buyers of U.S. 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. abaca pulp market , including forecasts for subscribers. This country databook contains high-level insights into U.S. abaca pulp market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. abaca pulp market size, by product, 2018-2030 (US$M)
U.S. Abaca Pulp Market Outlook Share, 2023 & 2030 (US$M)
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