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Hemp Fiber Market 2023 Analysis By Size, Share, Growth, Trends Up To 2032 | Hempco, Ecofibre, Hemp Inc., GenCanna, HempFlax BV, Natural Fiber, Forever Green, HempAge AG
Hemp Fiber Market
Hemp Fiber Market Size, Growth Rate, And Forecast
The global hemp fiber market size grew from $7.94 billion in 2022 to $10.94 billion in 2023 at a compound annual growth rate (CAGR) of 37.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hemp fiber market size is expected to grow to $36.21 billion in 2027 at a CAGR of 34.9%.
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Hemp Fiber Market Drivers
Increasing legalization to cultivate industrial hemp is expected to propel the growth of the hemp fiber market going forward. Industrial hemp is obtained from the plant species sativa and has been used globally to produce a variety of industrial and consumer products.
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Hemp Fiber Market Segments
1) By Type: Long (bast) Fibers, Short (core) Fibers
2) By Source: Organic, Conventional
3) By Application: Food, Beverages, Personal Care Products, Textiles, Pharmaceuticals, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Hemp Fiber market.
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Hemp Fiber Market Key Players
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 Business Research Company's "Global Hemp Fiber Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Hemp Fiber Market Include:
1. Executive Summary
2. Hemp Fiber Market Characteristics
3. Hemp Fiber Market Trends And Strategies
4. Hemp Fiber Market - Macro Economic Scenario
5. Hemp Fiber Market Size And Growth
……
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
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