Banana paper is a type of paper that used in two different senses: one refers to a paper made from the bark of the banana plant and which is mainly used for artistic purposes; the other to paper made from banana fiber obtained, through an industrial process, from stems and the non-utilizable fruits.
Market Analysis and Insights: Global Banana Paper Market
Due to the COVID-19 pandemic, the global Banana Paper market size is estimated to be worth US$ 516.2 million in 2022 and is forecast to a readjusted size of US$ 667.6 million by 2028 with a CAGR of 4.4% during the review period. Fully considering the economic change by this health crisis, Made by Machine accounting for % of the Banana Paper global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Business Cards and Greeting Cards segment is altered to an % CAGR throughout this forecast period.
China Banana Paper market size is valued at US$ million in 2021, while the US and Europe Banana Paper are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Banana Paper landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Banana Paper include Papyrus Australia, EcoPaper, Legion Paper, GPC Papers, Laiyang Yintong Paper and Green Banana Paper, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
Global Banana Paper Scope and Segment
Banana Paper market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Banana Paper market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Made by Machine
Made by Hand
Segment by Application
Business Cards and Greeting Cards
Sanitary
Food Package
Others
By Company
Papyrus Australia
EcoPaper
Legion Paper
GPC Papers
Laiyang Yintong Paper
Green Banana Paper
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E