Press release
Hemp Fiber Market Poised for 36.4 % Growth, Set to Hit $300.97 Billion by 2029
Hemp Fiber Market Size
The hemp fiber market is anticipated to grow owing to the rising legalization of industrial hemp cultivation. Industrial hemp, obtained from the cannabis* sativa plant species, has been utilised worldwide in the production of a myriad of industrial and consumer goods. The plant is primarily cultivated for its fibers and seeds which are then converted into hemp fiber. With the legalization of the crop increasing, the output of hemp fiber is also seeing a similar rise. For instance, the Australian Institute of Health and Welfare, a government agency in Australia, stated in February 2024 that the support for legalizing cannabis* grew to 45% in 2022-2023. This marked the first time that supporters for legalization outnumbered the 39% who advocated for harsher punishments for cannabis* sales or supply. Consequently, this growing trend of legalizing industrial hemp cultivation is bolstering the expansion of the hemp fiber market.
Get Your Hemp Fiber Market Report Here:
https://www.thebusinessresearchcompany.com/report/hemp-fiber-global-market-report
How will the growth rate of the hemp fiber market shape industry trends by 2034?
The market size for hemp fiber has seen a significant increase in the past years. Expected to rise from a valuation of $15.09 billion in 2024 to a staggering $20.77 billion in 2025, the market is forecasted to expand at a compound annual growth rate (CAGR) of 37.7%. This notable growth from the historic period is due to several factors such as the resurgence of attention towards hemp cultivation, ecological sustainability, the needs of the textile and apparel industry, agricultural diversification, enhancement of soil with rich nutrients, and raised conscious about sustainable textile options.
In the coming years, we can expect a significant expansion in the hemp fiber market, with projections suggesting it could reach a value of $71.96 billion by 2029. Such growth, representing an annual compound rate of 36.4%, can be attributed to various factors including supportive hemp cultivation laws, a growing global population, a focus on the circular economy, and an expansion in textiles derived from hemp. Key emerging trends for this forecast period encompass the use of hemp fiber in sustainable packaging, advancements in processing technologies, product development innovation, its adoption into the paper and pulp industry, as well as its integration within the automotive and construction sectors.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6731&type=smp
What trends are poised to drive the future success of the hemp fiber market?
Leading firms in the hemp fiber sector are innovating with products like hemp-based period care items to secure a competitive advantage. Period-care items are a set of personal cleanliness products meant to handle menstrual flow during a woman's period. For example, Regenerative International Female Inc., a US personal-care products firm, introduced a line of hemp-based period care items in April 2022, providing an eco-conscious alternative in the feminine hygiene industry. The pads, which come in three different absorbency levels, combine hemp and organic cotton fibers for the top layer, a tree pulp core without super absorbent polymers (SAP), and a completely decomposable backsheet made of sugar-based plastic. The firm highlights hemp's antimicrobial abilities and plans to improve pad absorbency by teaming up with biotech partners-further enabling a more sustainable and comfy choice for women wanting to move away from synthetic materials in feminine hygiene products.
Which primary segments of the hemp fiber market are driving growth and industry transformations?
The hemp fiber market covered in this report 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
Subsegments:
1) By Long (Bast) Fibers: Used In Textiles, Ropes, And Composite Materials, Known For Strength And Durability, Applications Include Apparel, Upholstery, And Industrial Textiles
2) By Short (Core) Fibers: Used In Insulation, Paper, And Biodegradable Plastics, Softer And Less Strong Compared To Long Fibers, Applications Include Animal Bedding, Insulation Materials, And Biocomposites
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6731
Which geographical regions are pioneering growth in the hemp fiber market?
Asia-Pacific was the largest region in the hemp fiber market in 2024. The regions covered in the hemp fiber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the hemp fiber market landscape?
Major companies operating in the hemp fiber market include Shenyang beijiang, BaFa Holding BV, Plains Industrial Hemp Processing Ltd, Industrial Hemp Manufacturing LLC, Hemp Oil Canada Inc., Hemp Planet LLC, North American Hemp & Grain Co. Ltd., Konoplex, Kingdom Holdings Limited, Ecofibre Limited, GenCanna Global USA Inc., CanvaLoop Fibre Private Limited, HempFlax BV, Dunagro SRL, MH medical hemp Ltd., Envirotextiles LLC, Hempco Inc., Manitoba Harvest Hemp Foods, Hempfortex Industries Ltd, Parkland Industrial Hemp Growers Cooperative Ltd, Navitas LLC, Hemp Inc., Natural Fiber Technologies Inc., HempAge AG, Hempro Int. GmbH & Co. KG, Hempy's, Shanxi Greenland Textile Co. Ltd., HemPoland Sp. z o.o., Hempline Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=6731&type=smp
What Is Covered In The Hemp Fiber Global Market Report?
•Market Size Forecast: Examine the hemp fiber market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the hemp fiber market for a structured understanding.
•Key Players Overview: Analyze major players in the hemp fiber market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hemp fiber market.
•Segment Contributions: Evaluate how different segments drive overall growth in the hemp fiber market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hemp fiber market.
•Industry Challenges: Identify potential risks and obstacles affecting the hemp fiber market.
•Competitive Landscape: Review strategic developments in the hemp fiber market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hemp Fiber Market Poised for 36.4 % Growth, Set to Hit $300.97 Billion by 2029 here
News-ID: 3909955 • Views: …
More Releases from The Business Research Company
2025-2034 Superconducting Quantum Chip Market Outlook: Key Drivers, Emerging Cha …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Superconducting Quantum Chip Market Through 2025?
The market size of superconducting quantum chips has shown a swift expansion in the past few years. It's forecasted to surge from a value of $0.74 billion in 2024, reaching $0.87 billion in 2025, with a…
What Is Driving Global Responsible AI Governance Consulting Market Growth in 202 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Responsible AI Governance Consulting Market Size By 2025?
The market size for responsible AI governance consulting has seen substantial growth recently. Projections show it will expand from $0.29 billion in 2024 to $0.43 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 49.0%.…
Expansion Of Industrial Fleets Fueling The Growth Of The Market Due To Rising E- …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Material Handling Equipment Telematics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the size of the telematics market for material handling equipment has experienced swift growth. The market is projected to increase from $5.42 billion in 2024 to $6.14 billion in 2025,…
Higher Educational Professional Audio-Visual (Pro AV) Market Poised to Hit $5.68 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Higher Educational Professional Audio-Visual (Pro AV) Industry Market Size Be by 2025?
The market size for professional audio-visual (pro av) in the higher education sector has seen robust growth in the past few years. The market is projected to increase from a value of $3.54 billion…
More Releases for Hemp
Hemp Juice Market Complete Survey 2021-2028: Hemp CBD Ltd., Sana Hemp Juice, Kam …
Hemp juice is basically obtained from the upper part as well as the leaves of a hemp plant. To extract this juice, most of the juice manufacturers utilized low-speed juicers. The hemp juice usually contains high Calcium, Phosphorus, Magnesium, Selenium, Vitamin E, Zinc, Iron, and Vitamin A. In addition to that, this juice further reduces the risk of many diseases and promotes health. Many individuals mostly preferred hemp juice owing…
Global Industrial Hemp Market Growing Popularity and Emerging - Industrial Hemp …
The “Industrial Hemp Market by Product (Seeds, Fiber, and Shivs) and by Application (Animal Care, Textiles, Automotive, Furniture, Food & Beverages, Paper, Construction Materials, Personal Care, and Others): Global Industry Perspective, Comprehensive Analysis,” A fundamental outline of the Industrial Hemp niche is presented by the Industrial Hemp report that entails definitions, classifications, applications together with industry chain framework. The Industrial Hemp report provides a far-reaching evaluation of necessary market dynamics…
Global Hemp Juice Market 2020 Future Trends - Blue Moon Hemp, Cloud 9 Hemp, HANO …
The “Hemp Juice Market by Nature (Organic and Conventional), by Form (Powder and Liquid), by End-Use (Household and Commercial), and by Distribution Channel (Direct Sales and Indirect Sales): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2” A fundamental outline of the Hemp Juice niche is presented by the Hemp Juice report that entails definitions, classifications, applications together with industry chain framework. The Hemp Juice report provides a far-reaching evaluation of…
Hemp Juice Market 2020 Top Companies- Sana Hemp Juice, Cloud 9 Hemp, Blue Moon H …
Hemp Juice Market
Hemp juice is extracted from the leaves and upper part of the hemp plant. Majority of the hemp juice manufacturers are using specialized low-speed juicers to extract the juice. Due to increasing stress and speed of modern life, our body strives for energy and revitalization. Intake of hemp juice leads to revitalization & rejuvenation of the body parts and restores as well as regenerates the healthy lifestyle among…
Hemp-based Foods Market Future Outlook : Manitoba Harvest Hemp Oil Canada, Braha …
For in depth understanding of market and competitive landscape, this Hemp-based Foods Market research report serves a lot of parameters and detailed data about industry. The Hemp-based Foods Market report offers you steadfast knowledge and information of revolutionizing market landscape, what already exists in the Hemp-based Foods Market, future trends or what the market expects, the competitive environment, and strategies to plan to outshine the competitors. This information and…
Hemp Market: Hemp Production Services, Manitoba Harvest Hemp Foods, All American …
A new market research report on the Global Hemp market has introduced by KD Market Insights. The report is dedicated to in-depth industry analysis of the global Hemp market. The Global Hemp analysis is broken down on different segmentation levels including Market By Product Type, By End Use, By Nature.
The Global Hemp Market accounted for USD XX.X Million in 2018. Further, the market is expected to reach to a…
