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Abaca Fiber Market, By Type (Fine Abaca Fiber and Rough Abaca Fiber), By Application (Pulp & paper, Fiber Craft, Cordage, Textile, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Publisher Coherent Market Insights
Published Feb 25, 2025
Length 131 Pages
SKU # CMI19905553

Description

Abaca fiber, also known as Manila hemp, is a natural fiber extracted from the sheaths surrounding the stem of Musa textilis, a species of banana. Native to the Philippines and primarily cultivated there, abaca fiber has exceptionally high tensile strength and resilience making it a desirable alternative to glass fiber for various industrial applications. It is often used in rope, carpet backing cloth, paper pulp substitutes and more recently as a recyclable substitute for wood or sand in composites. The abaca plant is considered environmentally friendly as it requires minimal agrochemicals or fertilizers for growth. Southeast Asia remains the dominant producer and consumer of abaca fibers with the Philippines accounting for over 90% of global supply.

Market Dynamics:

The global abaca fiber market growth is driven by factors such as rising environmental consciousness leading to increased demand for natural and sustainable alternatives to synthetic fibers. Abaca fibers' high strength and durability coupled with low density makes it suitable for various composites replacing glass fiber and contributing to lightweighting of end products. This is boosting its adoption in automotive and aerospace industries. However, supply constraints arising from erratic weather conditions affecting abaca plantations as well as shortage of farm labor pose challenges. Meanwhile, growing research on the development of new products and applications using abaca fiber such as in construction and infrastructure industries are opening up new opportunities for market expansion.

Key Features of the Study:
  • This report provides in-depth analysis of the global abaca fiber market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global abaca fiber market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Wigglesworth & Co. Limited., M.A.P. Enterprises, Yzen Handicraft Export Trading, Specialty Pulp Manufacturing, Inc. (SPMI), Chandra Prakash & Company, Ching Bee Trading Corporation, Peral Enterprises, Sellinrail International Trading Company, DGL Global Ventures LLC, Terranova Papers
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global abaca fiber market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global abaca fiber market
Detailed Segmentation
  • By Type:
  • Fine Abaca Fiber
  • Rough Abaca Fiber
  • By Application:
  • Pulp & paper
  • Fiber Craft
  • Cordage
  • Textile
  • Others
  • By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
  • Company Profiles:
  • Wigglesworth & Co. Limited.
  • M.A.P. Enterprises
  • Yzen Handicraft Export Trading
  • Specialty Pulp Manufacturing, Inc. (SPMI)
  • Chandra Prakash & Company
  • Ching Bee Trading Corporation
  • Peral Enterprises
  • Sellinrail International Trading Company
  • DGL Global Ventures LLC
  • Terranova Papers

Table of Contents

131 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Application Trend
4. Global Abaca Fiber Market- Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting Global Abaca Fiber Market
Impact Analysis
5. Global Abaca Fiber Market, By Type, 2020-2032, (US$ Mn)
Introduction
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Fine Abaca Fiber
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Rough Abaca Fiber
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
6. Global Abaca Fiber Market, By Application, 2020-2032, (US$ Mn)
Introduction
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Pulp & paper
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Fiber Craft
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Cordage
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Textile
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Others
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
7. Global Abaca Fiber Market, By Region, 2020-2032, (US$ Mn)
Introduction
Market Share Analysis, By Region, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
North America
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032, (US$ Mn)
Market Size and Forecast, By Application, 2020- 2032, (US$ Mn)
Market Size and Forecast, By Country, 2020- 2032, (US$ Mn)
U.S.
Canada
Latin America
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032, (US$ Mn)
Market Size and Forecast, By Application, 2020- 2032, (US$ Mn)
Market Size and Forecast, By Country, 2020- 2032, (US$ Mn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032, (US$ Mn)
Market Size and Forecast, By Application, 2020- 2032, (US$ Mn)
Market Size and Forecast, By Country, 2020- 2032, (US$ Mn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032, (US$ Mn)
Market Size and Forecast, By Application, 2020- 2032, (US$ Mn)
Market Size and Forecast, By Country, 2020- 2032, (US$ Mn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032, (US$ Mn)
Market Size and Forecast, By Application, 2020- 2032, (US$ Mn)
Market Size and Forecast, By Country, 2020- 2032, (US$ Mn)
GCC Countries
Israel
Rest of Middle East & Africa
8. Competitive Landscape
Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
Wigglesworth & Co. Limited.
Company Overview
Type Portfolio
Recent Developments/Updates
M.A.P. Enterprises
Yzen Handicraft Export Trading
Specialty Pulp Manufacturing, Inc. (SPMI)
Chandra Prakash & Company
Ching Bee Trading Corporation
Peral Enterprises
Sellinrail International Trading Company
DGL Global Ventures LLC
Terranova Papers
9. Analyst Recommendation
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Section
References
Research Methodology
About Us and Sales Contact
* Browse 50 market data tables* and 40 figures* on “Global Abaca Fiber Market” – Global forecast to 2032.

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