Market Overview:
The global abaca products market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for abaca products from various applications such as paper & pulp, fiber craft, and cordage. North America is expected to lead the global market in terms of revenue generation during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
The abaca plant is a relative of the banana. It is a tall, slender plant that grows in the Philippines. The stalk of the plant is used to make ropes, twine, and other cordage products. The leaves are also used to make hats and other items of clothing.
Fine Abaca Products:
Fine abaca products are the fibers obtained from the leaves of abaca plant, a member of the genus Machaerium (family Lythraceae). Fine abaca products include carding wool, spun fiber, and flax. Spun fiber is one of the fastest-growing fibers in fine abacica market owing to its increasing demand in apparel industry for manufacturing yarns & fabrics.
Rough Abaca Products:
Rough abaca products are the by-products obtained from processing of abaca plant. It includes fibers, seeds, and leaves among others. The product is used in various end-use industries such as food & beverage and textile among others.
The product has high demand due to its unique physical properties such as durability, absorbency, luster, strength and softness among others.
Application Insights:
Paper and pulp was the largest application segment in the global abaca products market, accounting for a share of more than 78.0% in 2017. The product is widely used to manufacture paper and other allied products such as tissue papers, writing pads, notebooks, etc. Fine abaca fiber is also employed to make high-quality rags for use as cleaning cloths in several industries including food processing plants and household care services.
Rough abaca fiber has excellent properties that make it suitable for manufacturing ropes used by diversified end-use industries including construction & mining equipment handling services and marine applications such as netsting ropes or mooring cables among others.
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 growth in application industries and increasing foreign investments. In 2016, Asia Pacific produced abaca fibers and roots for sale at auction sites and through online platforms such as eBay & Amazon among others around the world from different countries of Asia Pacific.
The demand for Manila hemp was high in Europe during early 1900s due to its excellent fiber quality used primarily for making ropes, twine, nets etc., but later on it faced competition from synthetic alternatives mainly due to cost-effective production of these products overseas which resulted into reducing or eliminating production facilities within European region eventually resulting into shutting down or reduction in production capacity between 2010s till 2016s leading towards limited choices available only through import channels thus affecting market growth adversely.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive, and packaging
- Growing popularity of abaca fiber products in the global market
- Rising investment by leading players in R&D to develop new applications for abaca fiber products
- Expansion of distribution channels by key players to reach a wider customer base
- Growing awareness about the benefits of using abaca fiber products among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Abaca Products 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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Abaca Products Market Report Segments:
The global Abaca Products 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
Highlights of The Abaca Products 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 Products 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
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 fiber made from the bark of the abaca palm. It is strong and durable, making it ideal for products such as bags, hats, and clothing.
Some of the key players operating in the abaca products market are Ching Bee Trading Corporation, Peral Enterprises, MAP Enterprises, Tag Fibers, Yzen Handicraft Export, Selinrail International Trading.
The abaca products market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Abaca Products 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 Products Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Abaca Products Market - Supply Chain
4.5. Global Abaca Products Market Forecast
4.5.1. Abaca Products Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Abaca Products Market Size (000 Units) and Y-o-Y Growth
4.5.3. Abaca Products Market Absolute $ Opportunity
5. Global Abaca Products 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 Products 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 Products 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 Products 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 Products 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 Products 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 Products 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 Products 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 Products Demand Share Forecast, 2019-2026
9. North America Abaca Products 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 Products 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 Products 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 Products 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 Products Demand Share Forecast, 2019-2026
10. Latin America Abaca Products 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 Products 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 Products 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 Products 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 Products Demand Share Forecast, 2019-2026
11. Europe Abaca Products 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 Products 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 Products 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 Products 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 Products Demand Share, 2019-2026
12. Asia Pacific Abaca Products 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 Products 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 Products 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 Products 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 Products Demand Share, 2019-2026
13. Middle East & Africa Abaca Products 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 Products 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 Products 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 Products 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 Products Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Abaca Products Market: Market Share Analysis
14.2. Abaca Products Distributors and Customers
14.3. Abaca Products 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
