The global Abaca Fiber market report provided by Global Market Monitor analyzes the industry and major market trends in detail, and divides the market size by volume and value according to application types and geographic locations.
Asia Pacific was the largest market for abaca fiber in terms of production and consumption over the past few years and trend is expected to continue over the forecast period. Philippines being the world’s largest abaca producer holds the major market share in the Asia Pacific market. Considerable portion of produced abaca fiber in Philippines is internally consumes while a major portion is exported to various countries including U.S., Japan and other European countries. Government of Philippines is taking supportive initiatives to increase production levels of high quality abaca fiber for domestic consumption and export. This is expected to further strengthen its market positioning and open market opportunities for new players over the next seven years.
Abaca, also called as manila hemp, is extracted from the leaf sheath around the trunk of Musa textilis, a type of banana plant that is mostly found in the Philippines and humid tropics. Harvesting and cultivating abaca is a labor-intensive process as the pulp is removed by cutting strips and scraping stalks. Fibers obtained from the process are then dried and removed. Abaca fiber has high strength and is used in the paper industry for making mimeograph mats and teabags. It is also used to make handicraft such as carpets, furniture, clothing, and bags. Abaca fiber is used in fishing nets, hawsers, and shipping lines due to beneficial properties such as flexibility, durability, and saltwater resistance. It is classified as a hard fiber along with sisal, coir, and henequin. In addition, abaca fiber is used in gifts, toys, and housewares. Furthermore, it is used as an alternative to glass fiber reinforced plastics components. Major end-use industries of abaca fiber include paper & pulp, fiber craft, and cordage. Paper & pulp industry was the largest end-use industry for abaca fiber followed by cordage manufacturing and fiber craft industry. Increasing application scope of abaca fiber in the manufacturing of specialty paper is likely to be one of the key factors to drive demand for abaca fibers in the paper & pulp industry. Rising demand for cordage in industrial applications including production of ropes for ships is expected to boost its demand over the next seven years.
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Key global participants in the Abaca Fiber market include:
Yzen Handicraft Export
Selinrail International Trading
Ching Bee Trading Corporation
The Abaca Fiber Market by Application are:
Paper & Pulp
Market Segments by Type
Fine Abaca Fiber
Rough Abaca Fiber
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Abaca Fiber Market
2 Market Trends and Competitive Landscape
3 Segmentation of Abaca Fiber Market by Types
4 Segmentation of Abaca Fiber Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Abaca Fiber Market in Major Countries
7 North America Abaca Fiber Landscape Analysis
8 Europe Abaca Fiber Landscape Analysis
9 Asia Pacific Abaca Fiber Landscape Analysis
10 Latin America, Middle East & Africa Abaca Fiber Landscape Analysis
11 Major Players Profile
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Major countries of North America, Europe, Asia Pacific, and the rest of the world are all exhaustive analyzed in the report. Apart from this, policy mobilization, social dynamics, development trends, and economic development in these countries are also taken into consideration.
Abaca Fiber manufacturers
Distributors and resellers of Abaca Fiber
Abaca Fiber industry associations
Product managers, Abaca Fiber industry administrator, C-level executives of the industries
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
Abaca Fiber potential investors
Abaca Fiber key stakeholders
Abaca Fiber end-user sectors
Research and Development (R&D) companies
Abaca Fiber Report Provide:
Potential opportunities and challenges analysis in Abaca Fiber market.
Current and future market outlook in the developed and emerging regional markets.
Detailed analysis of the segment that is expected to dominate the market.
Regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
Comprehensive & in-depth research and after-sales warranty by Global Market Monitor.
Analysis of Influences of COVID-19 to the present and future Abaca Fiber market and related industry.
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