Abaca Fiber Market Growth Analysis, Demand, Trends and Developments Forecast to 2032

Growing consumer demand for eco-friendly and sustainable materials, particularly in the textile, paper, and pulp industries, is a driving factor of market revenue growth. The globalĀ Abaca Fiber MarketĀ size was USD 556.64 Million in 2022 and is expected to register a revenue CAGR of 15% over the forecast period, according to the latest report by Reports and Data. The textile industry has a strong demand for abaca fiber, primarily because of its exceptional qualities such as high tensile strength, durability, and resistance to salt. This makes it a perfect material for…