Hypo-Allergenic and UV Resistant Characteristics of Hemp Fiber and Less Requirements During Production of Hemp Fiber are expected to drive the North America Hemp Fiber Market in the forecast period of 2019 -2026

North America hemp fiber market is projected to register a healthy CAGR of 47.2% in the forecast period of 2019 to 2026. The new market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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DRIVERS:

HYPO-ALLERGENIC AND UV RESISTANT CHARACTERISTICS OF HEMP FIBER:

Hemp fiber is considered as the most eco-friendly fibers in the world as there are no pesticides required for its production and it also controls the topsoil erosion. As compared to cotton fiber, hemp fiber has 8 times more strength. Due to this property, the fiber was also used in sails and ropes for the British and American Navy. It was traditionally used as an industrial fiber. Hemp fiber was used to provide strength for holding ships and sails and the property of its coarse fabric is used for making canvas, sailcloth, ropes and paper.

The fabric made of hemp fiber provides the protection from sun’s harmful rays with an UV factor of SPF 15. Besides its usage in textiles, hemp fiber is also used in making apparel, furniture, accessories, home furnishings and shoes. Apparel made from hemp fabric possesses all the beneficial qualities, lasts longer and can withstand harsh conditions. Hemp fiber blended with other fibers easily incorporates the desirable qualities of both textiles.

LESS REQUIREMENTS DURING PRODUCTION OF HEMP FIBER:

The cultivation of hemp plant is done for various industrial and commercial purposes such as clothing and health foods. The fiber obtained from hemp plant is similar to flax, jute, cotton and ramie. Since the production of hemp fiber do not require any additional efforts, so it is being cultivated widely in North America. The hemp fiber requires about 700 gallons of water for the whole production process as compared to cotton that require almost double the amount of water to produce fiber.

One of the strongest parameter for the growing demand of hemp fiber is that no pesticides or herbicides are required for its production; no extra chemical is needed for this plant to grow. This makes hemp fiber far more ecologically friendly as compared to other fibers. As compared to other naturally grown fibers, hemp fiber is more effective in blocking the sun‘s harmful ultraviolet rays.

Since the production cost for hemp fiber is low and the amount of hemp fiber produced is growing with a constant rate, it acts as a driving factor in the growth of North America hemp fiber market.

RESTRAINTS:

STRINGENT REGULATIONS IN U.S. RELATED TO HEMP PRODUCTION:

The USDA, having consulted from the U.S. Drug Enforcement Administration (DEA) and the U.S. Food and Drug Administration (FDA) has issued the documents so that the people should know about the principles of industrial hemp in accordance with the Federal Laws. It has been said that the cultivation of industrial hemp will take place only in those states where it is legal and it should be in accordance with the agricultural pilot program as well. The programs should provide the state registration and certificates of the sites which are used for growing and cultivating industrial hemp.

The production of hemp includes the plant Cannabis sativa which should only be used in the industrial applications not for any other purposes. Moreover, it should not contain more than 0.3 % of tetrahydrocannabinols (THC) which includes all isomers, acids, and salts. Section 7606 also clearly specifies that only those who are registered with the Drug Enforcement Administration (DEA) can easily import and export the hemp products.

LOW PRODUCTION AND CONSUMPTION IN U.S. DUE TO ITS ORIGINATION FROM CANNABIS PLANT:

Marijuana and Hemp are the different varieties of the same plant which is ‘Cannabis Sativa L’. Although, these two varieties are indistinguishable by appearance, but these two possess different amount of chemicals. In marijuana, the tetrahydrocannabinol (THA) contains 3% to 15% on a dry weight basis whereas hemp contains less than 1 % of THC. Industrial hemp can be grown for fiber while marijuana is grown for their leaves and flower buds.

There were lots of myths which had been created in the United States like smoking industrial hemp gets a person high, hemp fields can be used to hide marijuana plants and many other misapprehension. Moreover, the perspective of the citizen in the U.S. was that if hemp would be legalized, then marijuana could get a backdoor to enter into the market.

It has become the decision the major point for the public to make policies. Huge number of people assumes that with the legalizing of hemp marijuana will also become legal. Although U.S. government itself did not get the clear picture about both these products which restricts the market to grow.

OPPORTUNITY:

HEMP PRODUCTS USED IN AUTOMOBILES INDUSTRY:

Fibers that are derived from the hemp plant can be used to make almost all the parts of cars. Several different parts of the cars can be made advanced with the usage of hemp fiber. Majority of the parts of an automobile are made up of plastic that accounts to be 20% of the total weight. Plastic used in the cars can be made of oil based plants mixed with wood or hemp fiber which can decrease the carbon footprint of vehicles in manufacturing.

Since U.S. is the largest consumer of the automobiles, usage of hemp fibers in cars and other passenger vehicles creates an opportunity for the market to grow. In 2017, a total of 971,900 cars were sold only in California State of the U.S.

Hemp fiber is also utilized in the production of bio fuel. Cheap and renewable bio fuel is created by using stalk and leaves of the hemp plant. The short core hemp fibers are used by the automotive industry for strengthening the composites. Hemp fibers are used in the interior of passenger cars and other automotives as it offers high sensitivity to moisture absorption. This acts as an opportunity for the market to grow in near future.

CHALLENGE:

PLANTS CUTTING EQUIPMENTS OF EUROPE ARE NOT COMPATIBLE WITH THE U.S. AND CANADA FARMS DUE TO LARGE FARM SIZE:

Modern hemp production requires methods of mechanization which are currently either of non-existent or unavailable on a commercial scale in North America. These machines are needed for the harvesting of all individual parts of the hemp plant; seeds, leaves and bast fibers.

Specialized equipment for cutting hemp for fiber is sourced from Europe or Australia; however, in North America majorly U.S. and Canada have large size of land for the cultivation which requires huge machines and the machines which are manufactured in Europe are not compatible for these U.S. and Canada lands.

Nowadays large firms are the most dominating crop production in U.S. Even today in U.S. at least 1,100 acres are mostly found for the crop production which is 5 to 10 times larger as compared to the early period of 1980s.as compared to European farms which require huge machines to process the hemp fiber. It possesses a challenge for the hemp fiber manufacturers to expand the market.

Market Trends:

North America hemp fiber market is segmented into two notable segments which are type and application.

  • On the basis of the type, market is segmented into long (bast) fibers and short (core) fibers. In 2019, short (core) fiber segment is projected to lead with 59.07% shares, whereas the long (bast) fiber segment is growing with the highest CAGR of 49.9% in the forecast period of 2019 to 2026.
  • On the basis of application, the market is segmented into composite materials, textiles, pulp & paper and others. In 2019, composite materials segment is projected to lead with 40.81% shares, whereas the textiles segment is growing with the highest CAGR of 54.0% in the forecast period of 2019 to 2026.

Major Players: North America Hemp Fiber Market 

Some of the major players operating in this market are Hemp Inc., Hempco Inc., Bamboo Textiles, Bast Fibers LLC, Bastcore, Blue Sky Hemp Ventures, Legacy Hemp, Natural Textiles Solutions, Shanxi Greenland Textile Co., Ltd., Sunstrand LLC and Western States Hemp.