The global Abaca Fiber market size was valued at USD 792.46 million in 2021 and is expected to expand at a CAGR of 15.03% during the forecast period, reaching USD 1836.35 million by 2027.

In the Bicol Region, Catanduanes leads in fiber production, making 81 percent of all abaca produced in the region, followed by Albay with 11 percent, Camarines Sur with 4 percent, Sorsogon with 1 ...

The global Abaca Fiber Market size is estimated to grow by USD 356.6 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 13.76% during the forecast ...

According to 'Philippines Abaca Fiber Market Forecast & Opportunities, 2019', the abaca fiber market is projected to grow at a CAGR of around 5.7% till 2019. Presently, the ...

In the Bicol Region, Catanduanes leads in fiber production, making 81 percent of all abaca produced in the region, followed by Albay with 11 percent, Camarines Sur with 4 percent, Sorsogon with 1 ...

The Philippines dominates the global abaca trade as the country supplies about 86 percent of the world’s abaca fiber requirements. Ecuador and Costa Rica have the remaining 14 percent and 0.27 ...

Abaca fiber is processed into composites with other local fibers like pineapple, spider lily and vetiver, which can replace up to 40 percent of plastic in products.

LEGAZPI City—The Philippine Fiber Industry Development Authority in Bicol (PhilFIDA-5) has intensified its efforts to boost abaca fiber production in Bicol. In an interview on Tuesday, Brent ...