Abaca Fiber Market, By Type (Fine Abaca Fiber and Rough Abaca Fiber), By Application (Pulp & paper, Fiber Craft, Cordage, Textile, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Description

Global Abaca Fiber Market is estimated to be valued at USD 822.9 Mn in 2025 and is expected to reach USD 2,244.1 Mn by 2032, growing at a compound annual growth rate (CAGR) of 15.4% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 822.9 Mn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	15.40%	2032 Value Projection:	USD 2,244.1 Mn

Figure. Abaca Fiber Market Share (%), By Region 2025

Abaca fiber, also known as Manila hemp, is a natural fiber extracted from the sheaths surrounding the stem of Musa textilis, a species of banana. Native to the Philippines and primarily cultivated there, abaca fiber has exceptionally high tensile strength and resilience making it a desirable alternative to glass fiber for various industrial applications. It is often used in rope, carpet backing cloth, paper pulp substitutes and more recently as a recyclable substitute for wood or sand in composites. The abaca plant is considered environmentally friendly as it requires minimal agrochemicals or fertilizers for growth. Southeast Asia remains the dominant producer and consumer of abaca fibers with the Philippines accounting for over 90% of global supply.

Market Dynamics:

The global abaca fiber market growth is driven by factors such as rising environmental consciousness leading to increased demand for natural and sustainable alternatives to synthetic fibers. Abaca fibers' high strength and durability coupled with low density makes it suitable for various composites replacing glass fiber and contributing to lightweighting of end products. This is boosting its adoption in automotive and aerospace industries. However, supply constraints arising from erratic weather conditions affecting abaca plantations as well as shortage of farm labor pose challenges. Meanwhile, growing research on the development of new products and applications using abaca fiber such as in construction and infrastructure industries are opening up new opportunities for market expansion.

Key Features of the Study:

This report provides in-depth analysis of the global abaca fiber market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global abaca fiber market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Wigglesworth & Co. Limited., M.A.P. Enterprises, Yzen Handicraft Export Trading, Specialty Pulp Manufacturing, Inc. (SPMI), Chandra Prakash & Company, Ching Bee Trading Corporation, Peral Enterprises, Sellinrail International Trading Company, DGL Global Ventures LLC, Terranova Papers
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global abaca fiber market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global abaca fiber market

Detailed Segmentation

By Type:
- Fine Abaca Fiber
- Rough Abaca Fiber
By Application:
- Pulp & paper
- Fiber Craft
- Cordage
- Textile
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Wigglesworth & Co. Limited.
- M.A.P. Enterprises
- Yzen Handicraft Export Trading
- Specialty Pulp Manufacturing, Inc. (SPMI)
- Chandra Prakash & Company
- Ching Bee Trading Corporation
- Peral Enterprises
- Sellinrail International Trading Company
- DGL Global Ventures LLC
- Terranova Papers

Product Code: CMI7020

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Application Trend

4. Global Abaca Fiber Market- Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting Global Abaca Fiber Market
Impact Analysis

5. Global Abaca Fiber Market, By Type, 2020-2032, (US$ Mn)

Introduction
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Fine Abaca Fiber
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Rough Abaca Fiber
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends

6. Global Abaca Fiber Market, By Application, 2020-2032, (US$ Mn)

Introduction
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Pulp & paper
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Fiber Craft
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Cordage
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Textile
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Others
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends

7. Global Abaca Fiber Market, By Region, 2020-2032, (US$ Mn)

Introduction
- Market Share Analysis, By Region, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
North America
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
- Market Size and Forecast, By Type, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Application, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Country, 2020- 2032, (US$ Mn)
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
- Market Size and Forecast, By Type, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Application, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Country, 2020- 2032, (US$ Mn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
- Market Size and Forecast, By Type, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Application, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Country, 2020- 2032, (US$ Mn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
- Market Size and Forecast, By Type, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Application, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Country, 2020- 2032, (US$ Mn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
- Market Size and Forecast, By Type, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Application, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Country, 2020- 2032, (US$ Mn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Wigglesworth & Co. Limited.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- M.A.P. Enterprises
- Yzen Handicraft Export Trading
- Specialty Pulp Manufacturing, Inc. (SPMI)
- Chandra Prakash & Company
- Ching Bee Trading Corporation
- Peral Enterprises
- Sellinrail International Trading Company
- DGL Global Ventures LLC
- Terranova Papers

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact