Abaca Fiber Market to grow by USD 314.09 million from 2022 to 2027 | The market is concentrated due to the presence of prominent companies like Celulosa de Levante SA, Chandra Prakash, and Co. and Ching Bee Trading Corp., and many more - Technavio

NEW YORK, Oct. 18, 2023 /PRNewswire/ -- The abaca fiber market is estimated to grow by USD 314.09 million from 2022 to 2027, growing at a CAGR of 13.7%. The abaca fiber market is concentrated owing to the presence of many global and regional companies. A few prominent companies that offer abaca fiber market are Celulosa de Levante SA, Chandra Prakash and Co., Ching Bee Trading Corp., DGL Global Ventures LLC, Heayi Trading Co. Ltd., Specialty Pulp Manufacturing Inc., and Wigglesworth and Co. Ltd. The report provides a full list of key companies, their strategies, and the latest developments. Buy the report! 

Company Offering:

• Celulosa de Levante SA - The company offers abaca fiber such as CELTEX which is well suited for the production of tea bags, meat casing, base papers for stencils, and industrial filters.
• Chandra Prakash and Co. - The company offers abaca yarn which is made from high-quality abaca fiber.
• Ching Bee Trading Corp - The company offers abaca fiber under the brand, Specialty Pulp Manufacturing Inc.
• For details on companies and their offerings – Download Free Sample before buying

By Geography, the market is classified as APAC, Europe, North America, South America, and Middle East and Africa. 

• APAC is estimated to contribute 55% to the growth of the global market during the forecast period. Increasing adoption of these fibers in various end-user sectors, such as healthcare, specialty paper, crafts, automobiles, and textiles, is one of the main factors that have substantially contributed to the growth of the global abaca fiber market in Asia Pacific. The main reason for its increasing use is due to its unique properties such as high mechanical strength, durability, length, and durability. In addition, the main producer of abaca fiber is the Philippines, which produces more than three-quarters of all abaca fiber.

Download free sample report to get more insights on the market share of various regions and the contribution of the segments.

• Impactful driver- Increasing demand for abaca fibers from the pulp and paper industry
• Key Trend - Automotive manufacturers adopting natural fibers for vehicle interiors
• Major Challenges - The labor-intensive nature of the market 

Market Segmentation

• By Product, the market is classified into pulp and paper, cordage, fibercraft, textile, and others. The pulp and paper segment is estimated to witness significant growth during the forecast period. Abaca fiber is increasingly used in production in the specialized pulp and paper industries due to its properties, such as fiber length, strength, and cellulose content. Therefore, these properties of abaca fiber make it suitable for making specialty papers, including tea and coffee bags, sausage wrappers, electrolysis paper, coin paper, cigarette filters, and processed filter papers.Technavio Research experts have provided more insights on the market share of segments - View Free Sample Report

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TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Company Landscape

11 Company Analysis

12 Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact US:

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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