Press release
Hemp Fiber Market, 2023 Size, Share, Trends, Growth Outlook with Company Analysis and Forecast to 2032
Hemp Fiber Global Market
The Business Research Company's Hemp Fiber Global Market Report 2023 identifies Increasing legalization to cultivate industrial hemp as the major driver for the Hemp Fiber market's growth in the forecast period. Industrial hemp is obtained from the plant species 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.
The global hemp fiber market size will grow 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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Major competitors 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.
A key trend in the Hemp Fiber market includes New product innovations. Major companies operating in the hemp fiber sector are focused on introducing product innovations to sustain their position.
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The 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, 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.
The Business Research Company's "Global Hemp Fiber Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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