Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Abaca (Musa Textilis Nee) Market by Type (Fine Abaca Products, Rough Abaca Products), By Application (Paper & Pulp, Fiber Craft, Cordage) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Abaca (Musa Textilis Nee) Market by Type (Fine Abaca Products, Rough Abaca Products), By Application (Paper & Pulp, Fiber Craft, Cordage) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 145540 3300 Chemical & Material 377 240 Pages 4.5 (41)
                                          

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.


Global Abaca (Musa Textilis Nee) Industry Outlook


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:

  1. Ching Bee Trading Corporation
  2. Peral Enterprises
  3. MAP Enterprises
  4. Tag Fibers
  5. Yzen Handicraft Export
  6. Selinrail International Trading

Global Abaca (Musa Textilis Nee) Market Overview


Highlights of The Abaca (Musa Textilis Nee) Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Fine Abaca Products
    2. Rough Abaca Products
  1. By Application:

    1. Paper & Pulp
    2. Fiber Craft
    3. Cordage
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Abaca (Musa Textilis Nee) Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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