Abaca Fiber Sales Market Development Analysis and Forecast by Top Countries to 2025

This report studies the global Abaca Fiber market status and forecast, categorizes the global Abaca Fiber market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
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.

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.

The global Abaca Fiber market is valued at xx million US$ in 2017 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2018-2025.

The major players covered in this report

Ching Bee Trading Corporation

Peral Enterprises

MAP Enterprises

Tag Fibers, Inc.

Yzen Handicraft Export

Selinrail International Trading

...

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Market size split by Region

•North America
•Asia-Pacific
•Europe
•Central & South America
•Middle East & Africa

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