Sisal Market Size Worth $1,965.31 Million By 2032 | CAGR: 4.2%

The global sisal market size is expected to reach USD 1,965.31 million by 2032, according to a new study by Polaris Market Research. The report “Sisal Market Share, Size, Trends, Industry Analysis Report, By Type (High Quality, Middle Quality, and Low Quality); Application; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market is driven by the expansion of global cultural fashion trends and the desire for newly designed Sisal for every occasion, especially in more developed regions. The growing demand for customized items from consumers in various parts of the world has led to producers offering a wide variety of Sisal. Sisal is regarded as a renewable resource helping combat climate change. These plants are resistant to disease and can survive in salty environments. It is more sustainable because these plants need less fertilizer during plantation growth. Sisal has a 12-year maximum productive life, which is also advantageous because fewer pre and post-harvest losses exist. Because of its sustainability advantages, Sisal is frequently used in the industrial and commercial sectors. Sisal offers several appealing and cutting-edge elements that may accelerate the expansion of Sisal during the forecast period.

Furthermore, the byproducts of Sisal are also useful as biomass that is boosting market growth. Byproducts from the extraction of Sisal can be utilized to produce biogas, medicinal compounds, and building materials. Up to 98 percent of the plant remains after the fibers have been removed, and most of this biomass is currently washed away as garbage. Common Fund for Commodities, UNIDO, & Tanzanian sisal industry funded their first facility to use the sisal left-overs to produce biogas, power, process heat, & fertilizer to capitalize on the material's economic worth, which amounts to about 15 million tonnes yearly.

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According to ongoing plant evaluations, 25% of the energy generated might be used to process Sisal, and 75% could be provided to rural houses. Decortication waste can be used as fertilizer or animal feed, including sisal juice, crushed parenchymatous tissue granules, and leaf and fiber pieces. Pharmaceutical products, including echogenic, inulin, and others, are made from the plant's juice. Therefore, the use of byproducts of Sisal for various industries also assists the market growth.

Additionally, the manufacturers have started using sisal fiber in carpets, geotextiles, general cordage, buffing cloth, specialized paper, binding materials, and strengthening agents. Sisal fiber is hugely popular for both industrial and home purposes, and it's expected to increase steadily over the next years.

Sisal Market Report Highlights

• High-quality segment is anticipated to grow at a significant CAGR over the forecast period. The high strength of sisal fiber, which gives it a rough and hard appearance, is its key characteristic.
• Paper industry segment held the largest market share in 2022 due to rising use to make pulp for paper .
• Asia-Pacific is expected to grow at a substantial CAGR over the projected period due to the expanding textile industry and rising adoption of sisal for various verticals in the region.
• Global players include GuangXi Sisal, International Fiber Corporationa, Lanktrad International, METL Group, REA Vipingo, Sisalandia Fios Naturais, Wild Fiber, and Wiggles Worth.

Polaris Market Research has segmented the Sisal market report based on type, application, and region:

Sisal, Type Outlook (Revenue - USD Million, 2019 - 2032)

• High Quality
• Middle Quality
• Low Quality

Sisal, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Paper Industry
• Medical Industry
• Automotive Industry
• Textile Industry
• Construction Industry
• Spin & Carpet Industry
• Environmental Greening Industry
• Other

Sisal, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Sisal Market Report Scope