Global Hemp Fiber Market Overview And Prospects – Includes Hemp Fiber Market Growth
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The global hemp fiber market is expected to grow from $5.66 billion in 2021 to $7.91 billion in 2022 at a compound annual growth rate (CAGR) of 39.7%. The global hemp fiber market size is expected to reach $26.41 billion in 2026 at a CAGR of 35.2%.
Increasing legalization to cultivate industrial hemp is expected to propel the growth of the hemp fiber market going forward.
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The hemp fiber market consists of sales of hemp fiber by entities (organizations, sole traders, and partnerships) that are used in the manufacture of fiberboard, compost, and animal bedding. Hemp fiber refers to a natural plant fiber that comes from the stems of plants such as linen and bamboo. This fiber is environmentally friendly and causes a less harmful environmental impact. These materials also have inherent mechanical, thermal, and acoustic properties.
By Type: Long (bast) Fibers, Short (core) Fibers
By Source: Organic, Conventional
By Application: Food, Beverages, Personal Care Products, Textiles, Pharmaceuticals, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is the largest region in the global hemp fiber market in 2021.
New product innovations have emerged as the key trend gaining popularity in the hemp fiber market. Major companies operating in the hemp fiber sector are focused on introducing product innovations to sustain their position.
TBRC’s Hemp Fiber Market Report Covers:
Major Market Players: Hempco, Ecofibre, Hemp Inc, GenCanna, HempFlax BV, Natural Fiber, Forever Green, HempAge AG, Hempro Int. GmbH & Co. KG, Hempy’s, Parkland Industrial Hemp Growers Cooperative Ltd., Shanxi Greenland Textile, BaFa, Dunagro, Shenyangbeijiang, Hempfortex, Kingdom Holdings, CanvaLoop Fibre Private Limited, Plains Industrial Hemp Processing Ltd, MH medical hemp, Industrial Hemp Manufacturing LLC, Konoplex, Hemp Oil Canada, and HemPoland.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Hemp Fiber Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides hemp fiber market overviews, analyzes and forecasts market size, share, hemp fiber market players, hemp fiber market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s hemp fiber market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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