Sisal Market

Sisal Market Outlook (2022 - 2032)

A hybrid of sisal plants can be used to grow high-quality papermaking pulp, thereby aiding in the expansion of the overall sisal market. The sisal plant finds application in the production of high-quality carpets and ropes which is anticipated to increase demand for sisal products in the forecast period.

The pulp of sisal tree is rich in cellulose content and has high folding endurance which is ideal for paper production. This wide applicability in the material is anticipated to increase in future market share for sisal production.

Moreover, research on land suitability and soils shows that constant sisal cultivation depletes the soil nutrient reserves, thus rendering the crop incapable to conquer high production levels. Additionally, sisal offers various desirable and innovative factors that can trigger the growth of Sisal in the forecast period. Saudi Arabia is the leading country for overall sisal exports followed by China and Nigeria.

The specific characteristics of sisal fiber including high alpha cellulose content, high bulk, high folding endurance, high tear resistance, and high porosity make it appropriate for numerous specialty papers and aid in the expansion of the market in the forecast period.

Moreover, opportunities by engaged stakeholders can be identified by cost advantage, wherein softwood Kraft can be swapped with sisal pulp in commodity papers, as sisal pulp has superior physical properties than softwood Kraft pulp. Sisal pulp allows basis weight reductions while maintaining the quality of the product, which can be used as a strengthening fiber for recycling content papers.

The global sisal market at present is valued at USD 1.27 Billion in 2022. The market is anticipated to surpass a valuation of USD 1.97 Billion by end of the assessment duration i.e. 2022 to 2032. Moreover, this market is likely to mark a CAGR of 4.5% in the forecast period.

Report Attributes	Details
Sisal Market Size (2022 A)	USD 1.27 Billion
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 1.97 Billion
Global Market Growth rate (2022-2032 E)	CAGR of 4.5%
Key Companies Profiled	SFI Tanzania Lanktrad GuangXi Sisal Group Hamilton Rios Wild Fibers REA Vipingo Group METL Group International Fiber Corporationa

What are the impulses for the rising adoption of Sisal?

Expanding cultural fashion trends across the globe and demand for newly designed Sisal for each occasion, particularly in developed regions, are also driving the Sisal market. Producers are offering a varied range of sisal owing to increasing consumers’ demand for personalized products in different locations around the world. Increasing sisal uses in paper industries, automotive, pharmaceuticals, construction, and other fields is likely to have a positive effect on the market expansion in the forecast period.

Sisal is considered a renewable resource which is aiding as an effective solution for climate change. These plants can survive in saline conditions and are resilient to diseases. The lower plantation growth input required by these plants is making it more sustainable. The productive life of sisal can go up to 12 years which is additionally beneficial due to less pre and post-harvest losses. Due to these sustainability benefits sisal is widely adopted in industrial and commercial applications.

What are the restraints faced by sisal fiber manufacturers?

Limited sisal market prospects and uncomplimentary global sisal market prices, poor marketing arrangements, and inadequate research development are responsible for the decline in sisal production. The lack of reinvestment is hindering the sisal industry which is accompanied by a devoid of market promotion out focused by sisal manufacturers.

The high cost of sisal is restraining the revenue growth of the market, particularly in developing countries. The producers of sisal have a significant opportunity to develop economic sisal as it has a relatively high demand in the sisal market than premium sisal due to its affordability.

Regional Outlook

The global market for sisal witnessed fast growth in the last few years. The market is also segmented on the basis of region, which includes North America, Latin America, Europe, CIS & Russia, Japan, Asia Pacific excluding Japan, and Middle East Africa. Sisal is cultivated for fiber in Angola, Brazil, Kenya, Madagascar, Mozambique, China, Cuba, Haiti, Indonesia, Mexico, South Africa, Tanzania, and Thailand.

Latin America, Asia Pacific, and Europe have significantly high value and volume share in the sisal market compared to the rest of the world. Production configurations fluctuate between counties. In Kenya and Tanzania, sisal is mainly a plantation crop, whereas production in Brazil is mainly small-scale.

Key producers of sisal are Brazil, Tanzania, and Kenya. Brazil is the leading exporter of raw fiber as well as manufactured goods, specifically rope, to the USA, followed by Kenya and Tanzania. China is also a significant producer and consumer.

Segment wise insights

“An Eco-friendly product gaining commercial and domestic adoption”

The producers have also begun to use sisal fiber in general cordage, geotextiles, carpets, buffing cloth, specialty paper, binding material, and strengthening agents. Sisal fiber is gaining immense popularity for both commercial and domestic applications and is anticipated to register stable growth in the forecast period. Moreover, the rising awareness of eco-friendly products is further expected to proliferate the growth of the sisal market.

“Traditional Handicrafts to lead sisal demand: ropes, carpets, mats.”

The Paper and furniture industry dominates in terms of the application of sisal tree parts. The paper industry majorly relies on bulk volumes of sisal pulp and the furniture usage of sisal is in terms of wood and fibers for decorations. The sisal fibers are obtained originally from the sisalana which is Mexican in origin.

The fiber is easily woven into carpets and various handicrafts which makes it a major component in the application segment. The traditional handicraft segment is likely to gain the fastest CAGR owing to rising preference by people for natural home décor solutions.

“Sisal waste Products: Biogas production”

Sisal extraction is useful in the production of biogas and other pharmaceutical products. About 98% of biomass is left after fiber production which is at present is considered as waste that could be recycled and biogas and fertilizers could be manufactured. The electricity production augmented by sisal usage may open opportunities for sisal market players.

Recent Developments

Companies in sisal production are focusing on the rising quality of products for end users and delivering value to all stakeholders. The business in this sector requires to hold high capital and cost of investment in the plantation of suitable quality of sisal.

• SFI Tanzania planted sisal on 237.5 hectares of land in 2021. The land under the sisal nursery plantation is 23.75 hectares was created. The company managed to produce a sisal of volume 1755 tons in 2021.
• MeLT company based in Tanzania is into the production of around 10,000 tons of sisal fibers each year which is making about 35% of total sisal production in Tanzania.

Sisal Market: Segmentation by Category

• By Fiber Type

  • lower grade
  • medium and
  • higher grade fibers

• By Application

  • Paper industry
  • Automotive
  • Textiles

• By Region

  • North America
    • U.S
    • Canada
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Chile
    • Peru
  • Western Europe
    • Germany
    • Italy
    • France
    • U.K
    • Spain
    • BENELUX
    • Nordic
    • Eastern Europe
  • CIS and Russia
  • Asia-Pacific
    • China
    • India
    • ASEAN
    • South Korea
  • Japan
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Turkey
    • Iran
    • Israel