The Global Hemp Fiber Market is Projected to Grow at A CAGR of 6.90% During the Forecast Period

The Global Hemp Fiber Market is estimated to exhibit a CAGR of 6.90% during the forecast period of 2021-2028 and is expected to reach USD 0.51 billion by 2028. Rising awareness about the benefits of hemp will drive the growth of the market. However, complex regulatory structure for the use of hemp products and lack of viable availability of seeds will restrict the scope of growth for the market.

Global Hemp Fiber Market Scenario

According to Data Bridge Market Research, the hemp fiber market will exhibit a significant rise in its market value. Rising in inclination towards natural organic products over pharmaceuticals among customers across the globe and increase in demand for hemp fibers in various industries such as automotive, construction, food and beverage, personal care and textile especially in emerging regions are major factors driving the growth of hemp fiber market. growing awareness about the therapeutic properties of hemp and rise in legalization in the cultivation of hemp are other important market growth determinants.    

Currently, North America and Europe dominate the global hemp fiber market in terms of market share and market revenue owing to the development of varieties of industrial hemp, legalized utilization of cannabis for medicinal and recreational applications and high awareness among consumers.

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Scope of the Hemp Fiber Market

The global hemp fiber market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of hemp fiber market is further analyzed based on maximum granularity into further segmentation. The global market is further segmented on the basis of source into organic and conventional. On the basis of application, the hemp fiber market is segmented into food, beverages, personal care products, textiles, pharmaceuticals and others.
  • Hemp fiber is utilized in the processing and manufacturing of various products. Hemp fiber is widely used in the manufacturing and processing of such as paper, insulation and construction material, personal care products, textile, nutraceutical, bio-plastics and bio-fuel.

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Key Pointers Covered in the Hemp Fiber Market Industry Trends and Forecast to 2028

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Regulatory Framework and Changes
  • Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in Hemp Fiber Market report

  • Hempco
  •  CBD Biotechnology Co., Ltd.
  •  Ecofibre
  •  Hemp Inc
  •  GenCanna
  •  HempFlax Group B.V.
  •  Konoplex
  •  Hemp Oil Canada
  •  HemPoland
  •  Dun Agro Hemp Group
  •  Colorado Hemp Works, INC
  •  Canah
  •  South Hemp
  •  Plains Industrial Hemp Processing Ltd.
  •  MH medical hemp
  •  Parkland Industrial Hemp Growers Co-op. Ltd.
  •  Botanical Genetics, LLC
  •  Marijuana Company of America, Inc.
  •  HempMeds Brasil
  •  Terra Tech Corp.
  •  American Cannabis Company Inc.
  •  Industrial Hemp Manufacturing, LLC

Above are the key players covered in the report, to know about more and exhaustive list of hemp fiber market companies contact us,

Research Methodology: Global Hemp Fiber Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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