Market Overview:
The global abaca (Musa Textilis Nee) market is expected to register a CAGR of 5.5% during the forecast period, 2018-2030. The market growth is attributed to the increasing demand for fine abaca products and rough abaca products across the globe. The paper & pulp application segment is expected to dominate the global market in terms of revenue share during the forecast period. However, fiber craft application segment is projected to grow at a higher CAGR as compared to other applications segments during 2018-2030. In terms of region, North America dominates the global abaca (Musa Textilis Nee) market followed by Europe and Asia Pacific respectively in 2017.
 Industry Outlook.svg)
Product Definition:
The abaca (Musa textilis) is a species of banana native to the Philippines. It is a herbaceous perennial plant growing to 3–5 m (10–16 ft) tall. The leaves are large, up to 2 m (6.6 ft) long and 30 cm (12 in) wide, simple and entire, with a petiole up to 1 m (3.3 ft) long; they are borne in two ranks along the stem. The flowers are small, produced in clusters at the apex of the stem; each flower has three sepals and three petals. The fruit is an elongated berry 10–15 cm long and 5 cm diameter.
The abaca fiber is obtained from the leaves of the plant.
Fine Abaca Products:
Fine abaca products are the fibers obtained from the leaves of Abaca (Musa textilis). Fine abaca products include yarns, fabrics, and other industrial uses such as paper & carpeting. The global fine abaca product demand was estimated at 7,500 tons in 2013. Rising awareness regarding eco-friendly materials coupled with growing application scope is expected to drive market growth over the forecast period.
Rough Abaca Products:
Rough abaca products include fibers, yarns, and fabrics produced from the inner bark of abaca. The product is used in various applications such as clothing (woven & non-woven), home furnishing, etc. It has high tensile strength and durability which makes it suitable for industrial application.
The global market for rough abaca products is expected to witness significant growth over the forecast period owing to its increasing demand in textile industry as a raw material.
Application Insights:
The paper and pulp application segment led the global abaca (musa textilis nee) market in 2017. This is attributed to rising demand for high-quality paper from various end-use industries, such as publishing and writing, packaging, advertising and promotion. In addition, growth of the printing industry in Asia Pacific is expected to drive demand for fiber products over the forecast period.
Rising awareness regarding abaca fibers benefits consumers regarding its uses as a substitute for synthetic fibers due to their superior characteristics including durability and absorbency. These are used in making ropes & cables that are employed by sailors on board ships or yachtsmen for securing boats together or mooring them securely at desired locations along shorelines or piers.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period owing to rapid industrialization and increasing foreign investments in the manufacturing sector of developing economies such as China, India, Thailand, Vietnam and Indonesia among others. In addition, rising disposable income coupled with an increase in consumer spending on luxury products is anticipated to fuel demand for abaca textiles from countries such as Japan and Korea among other regions during the forecast period.
North America accounted for a significant share of revenue due to high consumption volume generated by end-use industries including apparel & accessories industry followed by home furnishing industry which are majorly driven by fashion trends across various regions worldwide including North America and Europe that influence consumer purchasing patterns towards premium quality fabrics such as muslin fabric used for making clothing like T-shirts, hoodies etc., thereby boosting product sales across these regions globally during recent years.
Growth Factors:
- Increasing demand from the textile industry for abaca fiber as a substitute for synthetic fibers.
- Abaca's strong resistance to pests and diseases, which makes it an attractive crop for growers.
- The increasing popularity of abaca products among consumers due to its unique properties and aesthetic appeal.
- Growing awareness about the environmental benefits of using abaca fiber, such as its biodegradability and recyclability.
- Expansion of the global market for abaca products, especially in regions where there is a high demand for luxury goods
Scope Of The Report
Report Attributes
Report Details
Report Title
Abaca (Musa Textilis Nee) Market Research Report
By Type
Fine Abaca Products, Rough Abaca Products
By Application
Paper & Pulp, Fiber Craft, Cordage
By Companies
Ching Bee Trading Corporation, Peral Enterprises, MAP Enterprises, Tag Fibers, Yzen Handicraft Export, Selinrail International Trading
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Abaca (Musa Textilis Nee) Market Report Segments:
The global Abaca (Musa Textilis Nee) market is segmented on the basis of:
Types
Fine Abaca Products, Rough Abaca Products
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Paper & Pulp, Fiber Craft, Cordage
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ching Bee Trading Corporation
- Peral Enterprises
- MAP Enterprises
- Tag Fibers
- Yzen Handicraft Export
- Selinrail International Trading
 Market Overview.svg)
Highlights of The Abaca (Musa Textilis Nee) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fine Abaca Products
- Rough Abaca Products
- By Application:
- Paper & Pulp
- Fiber Craft
- Cordage
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Abaca (Musa Textilis Nee) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Abaca is a type of cotton fabric made from the fiber of the abaca palm.
Some of the key players operating in the abaca (musa textilis nee) market are Ching Bee Trading Corporation, Peral Enterprises, MAP Enterprises, Tag Fibers, Yzen Handicraft Export, Selinrail International Trading.
The abaca (musa textilis nee) market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Abaca (Musa Textilis Nee) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Abaca (Musa Textilis Nee) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Abaca (Musa Textilis Nee) Market - Supply Chain
4.5. Global Abaca (Musa Textilis Nee) Market Forecast
4.5.1. Abaca (Musa Textilis Nee) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Abaca (Musa Textilis Nee) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Abaca (Musa Textilis Nee) Market Absolute $ Opportunity
5. Global Abaca (Musa Textilis Nee) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Type
5.3.1. Fine Abaca Products
5.3.2. Rough Abaca Products
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Abaca (Musa Textilis Nee) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Application
6.3.1. Paper & Pulp
6.3.2. Fiber Craft
6.3.3. Cordage
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Abaca (Musa Textilis Nee) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Abaca (Musa Textilis Nee) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Abaca (Musa Textilis Nee) Demand Share Forecast, 2019-2026
9. North America Abaca (Musa Textilis Nee) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Application
9.4.1. Paper & Pulp
9.4.2. Fiber Craft
9.4.3. Cordage
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Type
9.7.1. Fine Abaca Products
9.7.2. Rough Abaca Products
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Abaca (Musa Textilis Nee) Demand Share Forecast, 2019-2026
10. Latin America Abaca (Musa Textilis Nee) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Application
10.4.1. Paper & Pulp
10.4.2. Fiber Craft
10.4.3. Cordage
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Type
10.7.1. Fine Abaca Products
10.7.2. Rough Abaca Products
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Abaca (Musa Textilis Nee) Demand Share Forecast, 2019-2026
11. Europe Abaca (Musa Textilis Nee) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Application
11.4.1. Paper & Pulp
11.4.2. Fiber Craft
11.4.3. Cordage
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Type
11.7.1. Fine Abaca Products
11.7.2. Rough Abaca Products
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Abaca (Musa Textilis Nee) Demand Share, 2019-2026
12. Asia Pacific Abaca (Musa Textilis Nee) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Application
12.4.1. Paper & Pulp
12.4.2. Fiber Craft
12.4.3. Cordage
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Type
12.7.1. Fine Abaca Products
12.7.2. Rough Abaca Products
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Abaca (Musa Textilis Nee) Demand Share, 2019-2026
13. Middle East & Africa Abaca (Musa Textilis Nee) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Application
13.4.1. Paper & Pulp
13.4.2. Fiber Craft
13.4.3. Cordage
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Abaca (Musa Textilis Nee) Market Size and Volume Forecast by Type
13.7.1. Fine Abaca Products
13.7.2. Rough Abaca Products
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Abaca (Musa Textilis Nee) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Abaca (Musa Textilis Nee) Market: Market Share Analysis
14.2. Abaca (Musa Textilis Nee) Distributors and Customers
14.3. Abaca (Musa Textilis Nee) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ching Bee Trading Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Peral Enterprises
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MAP Enterprises
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tag Fibers
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Yzen Handicraft Export
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Selinrail International Trading
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
