Abaca Fiber Market Is Prospering at USD 1969.81 Million with Expected CAGR of 16.20% by 2029

Global abaca fiber market was valued at USD 592.62 million in 2021 and is expected to reach USD 1969.81 million by 2029, registering a CAGR of 16.20% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Market Definition
Abaca (often referred as Manila hemp) is basically a plant leaf fiber derived from the stalks of the plant. When compared to sisal fibers, vegetable fibers, and synthetic fibers, the product has gained widespread popularity due to its high strength, minimal elongation, and resistance to saltwater breakdown. It's also a good raw material for making high-quality papers, napkins, diapers, medicinal fabrics, machinery filters, electrical conduction cables, and other completed goods.

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GLOBAL ABACA FIBER MARKET SCOPE
Type
Fine Abaca Fiber
Rough Abaca Fiber

Product
Pulp and Paper
Fiber Craft
Cordage
Textile

Abaca Fiber Market Regional Analysis/Insights
The Abaca Fiber market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.

The countries covered in the Abaca Fiber market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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This release was published on openPR.