Abaca Fiber Market Size To Reach $2.32 Billion By 2030

Abaca Fiber Market Growth & Trends

The global abaca fiber market size is anticipated to reach USD 2.32 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 15.2% from 2025 to 2030. Growing emphasis by governments across various countries towards the adoption of natural fibers is expected to drive market growth as a substitute for hazardous synthetic fibers and metals in various industries.

The paper and pulp industry is expected to be the dominant application segment over the forecast period. Specialty papers made of abaca fibers are lightweight and possess high tensile strength. Due to these properties, companies in the pulp and paper industry prefer abaca fibers for applications such as tea bags, large sausage casings, currency and security papers, and cigarette and filter papers.

The abaca fiber industry is expected to gain importance over the forecast period driven by the rising impetus towards the adoption of natural fibers. Superior performance and strength offered by the product are also expected to emerge as the key factors prompting the demand for abaca fiber over the forecast period.

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Abaca Fiber Market Report Highlights

• The pulp and paper product segment accounted for the largest revenue share of about USD 84.2% in 2024 owing to rising demand for non-wood fibers as raw materials for specialty paper applications

• The textile product segment is also expected to witness a notable revenue-based CAGR of 11.7% over the forecast period on account of the rising demand for advanced biomaterials in fashion textiles.

• Asia Pacific dominated the market in terms of revenue share of about USD 65.2% in 2024, on account of wide high product demand in the manufacture of products such as ropes, currency notes, automotive, and food packaging

• Manufacturers operating in the market target Japan, the U.S., and European countries due to superior biodegradability offered by the product coupled with high consumer awareness towards the use of naturally synthesized fibers

Abaca Fiber Market Segmentation

Grand View Research has segmented the global abaca fiber market on the basis of product and region:

Abaca Fiber Product Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Pulp & paper

• Fiber Craft

• Cordage

• Textile

• Others

Abaca Fiber Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • Philippines

• Central & South America

• Middle East & Africa

List Of Key Players in the Abaca Fiber Market

• M.A.P. Enterprises

• Yzen Handicraft Export Trading

• Specialty Pulp Manufacturing, Inc. (SPMI)

• Ching Bee Trading Corporation

• Peral Enterprises

• Sellinrail International Trading Company

• DGL Global Ventures LLC

• Terranova Papers