Abaca Fiber

Global Abaca Fiber Market to Reach US$858.4 Million by 2030

The global market for Abaca Fiber estimated at US$431.9 Million in the year 2024, is expected to reach US$858.4 Million by 2030, growing at a CAGR of 12.1% over the analysis period 2024-2030. Pulp & Paper Application, one of the segments analyzed in the report, is expected to record a 12.0% CAGR and reach US$631.9 Million by the end of the analysis period. Growth in the Cordage Application segment is estimated at 12.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$116.5 Million While China is Forecast to Grow at 16.4% CAGR

The Abaca Fiber market in the U.S. is estimated at US$116.5 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$186.9 Million by the year 2030 trailing a CAGR of 16.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 9.0% and 10.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.5% CAGR.

Abaca Fiber  - Key Trends and Drivers

Abaca fiber, also known as Manila hemp, is a natural fiber extracted from the leaf sheath around the trunk of the Abaca plant, a species of banana native to the Philippines. This fiber is renowned for its exceptional strength, flexibility, and resistance to water damage, making it highly valued in the production of specialty papers, ropes, and textiles. Abaca fiber is significantly stronger than other natural fibers like cotton or flax, which allows it to serve in high-stress applications such as shipping lines, fishing nets, and tea bags. Additionally, its natural properties make it an excellent material for crafting a range of eco-friendly products, from fashion accessories and clothing to woven floor coverings and furniture.  Traditionally used in making ropes and twines, its application has expanded into textiles, paper products like tea bags and banknotes, and eco-friendly furniture. The versatility and sustainability of abaca make it an appealing option in the global shift toward natural and renewable resources.

The versatility of abaca fiber extends beyond traditional uses, as it increasingly appears in innovative contexts such as automotive composites, currency paper, and geotextiles. Its sustainability and the ability to degrade naturally make it a preferable choice in industries seeking to reduce environmental impact. In the paper industry, abaca`s durability and resistance to tearing are prized for producing banknotes and high-quality security papers, a niche market where longevity and resistance to wear are paramount. Moreover, the automotive industry utilizes abaca fiber reinforcements in door panels and trunk linings, where its light weight contributes to fuel efficiency and lower emissions in vehicles.  Technological advancements in the processing of abaca have expanded its usability, enhancing its appeal to manufacturers looking for sustainable material alternatives. Furthermore, the fiber`s natural properties, such as biodegradability and strength, make it an ideal candidate for a range of applications, pushing its demand in international markets.

The growth in the abaca fiber market is driven by several factors including advancements in agricultural and fiber extraction technologies, increased environmental concerns, and diversified end-uses. New cultivation techniques have improved the yield and quality of abaca plants, making the fiber more competitive in international markets. Environmental concerns have propelled the demand for sustainable and biodegradable materials, with abaca fiber meeting these needs perfectly, particularly in the textiles and composites industries. Furthermore, the expansion of its use in niche markets such as specialty papers and eco-friendly products continues to drive its popularity. Governments in producing countries, notably the Philippines, actively promote the cultivation of abaca through subsidies and research, recognizing its potential in boosting rural economies and its role in the global natural fibers market. These factors collectively ensure the continued growth and relevance of abaca fiber across various sectors.

SCOPE OF STUDY:

The report analyzes the Abaca Fiber market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Pulp & Paper Application, Cordage Application, Fiber Craft Application, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• Celulosa de Levante SA
• Chandra Prakash & Company
• Davao Oriental
• Fone Tai Enterprise Co., Ltd.
• HERMIN Textile
• Naturi Alam Semesta
• Oji Fiber Co., Ltd.
• Samatoa
• Simor Abaca Products
• Specialty Pulp Manufacturing, Inc. (SPMI)
• Terranova Papers S.A.
• Wigglesworth & Co. Limited
• Wilhelm G. Clasen (GmbH & Co.) KG

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.