GLOBAL ABACA FIBER PACKAGING MARKET
Natural fibre made from plant stems is called abaca fibre (Musa Textilis). (bark fiber). Bundles of abaca fibre can be produced by decortication.
The fibre is turned into paper pulp, which is then used to create food containers.Abaca planting can also lessen erosion and sedimentation issues in coastal areas, which are crucial locations for sea fish spawning.
Floods and landslides will also be avoided since the soil’s ability to hold water will be increased. Waste from the abaca plant is utilised as organic fertiliser.Ropes, twines, fishing lines, nets, and coarse material for sacking are still made using it today.
GLOBAL ABACA FIBER PACKAGING MARKET SIZE AND FORECAST
The Global Abaca fiber packaging market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
Abaca fibre is in high demand in the textile sector, largely due to its excellent characteristics such high tensile strength, durability, and salt resistance. This makes it the ideal substance for using in the creation of specialised sheets, ropes, and cordage. Additionally, the demand for natural and environmentally friendly garment materials is driving up market revenue.
Abaca fibre is being used by manufacturers to make cutting-edge fabrics that provide better comfort, toughness, and environmental sustainability.The growing need for eco-friendly packaging materials has increased the demand for abaca fibre in the packaging industry.
Abaca fibre is a great material to use for making bags, containers, and other packaging items since it is a biodegradable, compostable, and renewable alternative to plastic and other non-biodegradable materials. baca fibre is quickly becoming a well-liked option for people looking for environmentally friendly packaging solutions as the focus on sustainability intensifies.
The demand for abaca fibre in the paper and pulp industry is anticipated to be primarily driven by the desire for eco-friendly products and the growth of ecotourism. This is due to the fact that abaca fibre is renowned for being exceptionally strong and long-lasting, which makes it a great option for producing goods like money papers, filter papers, and tea bags.
Demand for abaca fibre in the textile industry is anticipated to increase because of consumers’ increased desire for natural and sustainable textiles. The manufacture of traditional textiles including bags, mats, and garments frequently uses abaca fibre. Abaca fibre’s distinctive texture and durability also contribute to its rising use in the creation of high-end luxury fabrics.
NEW PRODUCT LAUNCH
Automated abaca weaving equipment is introduced by FIDA. In an effort to increase production of specialty fibers, particularly abaca, the Fibre Industry Development Authority (FIDA) of the Philippine Department of Agriculture has introduced a new mechanized handloom weaving equipment.The robotic handloom weaving equipment was created by engineers from JRD Systems and Technology Inc.
with support from FIDA and can weave delicate fiber materials 7 to 8 times faster than a standard manual loom, according to the Philippine daily Manila Bulletin.A recent seminar on livelihood potential in fibercraft, organized by FIDA, saw the debut of the automated handloom machine’s prototype, the first of its kind in the nation.
Cooperative members, farmers, and other stakeholders, including businesspeople who produce a variety of goods from locally accessible fibers such abaca, pineapple, silk, and other indigenous materials, participated in the event.
Since woven abaca, pineapple, silk and other materials have a niche market in the Philippines and abroad, the new machine could significantly contribute to the commercialization of specialty fibers in the nation.Abaca fiber is also woven into cloth and other fibrecrafts, either by itself or in conjunction with other fibers, and pina cloth (cloth created from pineapple fiber) is the preferred material for high-class barong (embroidered formal dress of the Philippines) for men and women.
The automated handloom machine created by JRD Systems and Technology Inc. can produce 7 to 8 times as much as a manual handloom because it allows the user to control three units simultaneously, which increases productivity by 20 to 30 times more than a typical handloom.
The machine has the ability to manufacture both plain cloth and woven cloth with embroidery. The computer can be programmed with the designs.According to the Bureau of Agricultural Statistics (BAS), the Philippines’ abaca production fell by 35,060 tonnes during the first half of the year, representing a fall of 5.5 percent from the 37,120 tonnes recorded during the same period last year.
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- How many Abaca fiber packaging are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- Cost breakup of a Global Abaca fiber packaging and key vendor selection criteria
- Where is the Abaca fiber packaging manufactured? What is the average margin per unit?
- Market share of Global Abaca fiber packaging market manufacturers and their upcoming products
- Cost advantage for OEMs who manufacture Global Abaca fiber packaging in-house
- key predictions for next 5 years in Global Abaca fiber packaging market
- Average B-2-B Abaca fiber packaging market price in all segments
- Latest trends in Abaca fiber packaging market, by every market segment
- The market size (both volume and value) of the Abaca fiber packaging market in 2023-2030 and every year in between?
- Production breakup of Abaca fiber packaging market, by suppliers and their OEM relationship