Hemp Fiber Market Global Outlook, And Forecast 2022 To 2031

The global hemp fiber market report by the business research company identifies increasing legalization to cultivate industrial hemp to be a major growth driver for the hemp fiber market. Industrial hemp is obtained from the plant species Cannabis* sativa and has been used globally to produce a variety of industrial and consumer products. Industrial hemp is grown for its fiber and seeds, which are used for the manufacture of hemp fiber. As a result, increasing legalization of industrial hemp helps to increase the production of hemp fiber. For instance, in January 2021, the US Department of Agriculture announced the final rule regulating the production of hemp in the United States. The rules are issued under Section 10113 of the law. This has implicitly legalized the manufacturing and selling of Delta-8 THC*, which contains minor psychoactive substances similar to the legally banned Delta-9 (marijuana). Therefore, the increasing legalization of cultivating industrial hemp is driving the growth of the hemp fiber market.

The global hemp fiber market size 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%.

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Asia-Pacific was the largest region in the hemp fiber market in 2021. The regions covered in the global hemp fiber report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the hemp fiber market are 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.

The countries covered in the hemp fiber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The global hemp fiber market is segmented -
1) By Type: Long (bast) Fibers, Short (core) Fibers
2) By Source: Organic, Conventional
3) By Application: Food, Beverages, Personal Care Products, Textiles, Pharmaceuticals, Others

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The Hemp Fiber Market Report Contents Include
1. Executive Summary
2. Hemp Fiber Market Characteristics
3. Hemp Fiber Market Trends And Strategies
4. Impact Of COVID-19 On Hemp Fiber
5. Hemp Fiber Market Size And Growth
....
26. Africa Hemp Fiber Market
27. Hemp Fiber Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hemp Fiber Market
29. Hemp Fiber Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the hemp fiber market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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