The global demand for Hemp Fiber Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Hemp fiber is a strong and durable fiber obtained from the hemp plant belonging to the cannabis plant species. This fiber type with inherent mechanical, thermal, and acoustic properties is used in a range of industrial applications: twine and rope, home insulation, paper, molding, carpet, textiles, hempcrete, super-polymers, etc. The fiber possesses a naturally catacombed airflow system that helps the wearer stay warm in cold weather and cool in tropical environments. Industrial grade hemp is considered the strongest and stiffest natural fibers available, possessing an excellent potential for reinforcement in composite materials.
The key advantages offered by hemp fiber in the form of strength and cost will make it an excellent alternative candidate for several end-user markets. The various characteristics of hemp fiber like elasticity, ease of processing, and recycling have caused a renaissance in the industrial hemp market. The demand for hemp fiber in insulation materials and bio-composites will continue to grow due to its robust nature. The modern processing technologies have boosted the market for hemp textiles that are much softer and exhibit anti-microbial and hypoallergenic properties. The need for compliance with different regulatory standards and lack of proper planting & harvesting equipment are the various elements restraining this market's growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of hemp fiber.
The entire Hemp Fiber market has been sub-categorized into product type, application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- Long (bast) Fibers
- Short (core) Fibers
- Pulp & Paper
- Composite Materials
This section covers regional segmentation which accentuates on current and future demand for hemp fiber market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Hemp Fiber Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the hemp fiber market include HempFlax, Cavac Biomat?riaux, BaFa, Hemp Planet, Dunagro, American Hemp, Hempline, Hemp Inc, CaVVaS, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.