Hemp Fiber Market 2024-2028
The hemp fiber market is forecasted to grow by USD 3675.8 mn during 2023-2028, accelerating at a CAGR of 13.7% during the forecast period. The report on the hemp fiber market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing use in clothing industry, rising adoption in construction sector, and benefits associated with hemp fiber.
Technavio's hemp fiber market is segmented as below:
By Application
- Textiles
- Personal care
- Food and beverages
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increasing demand from pulp industry as one of the prime reasons driving the hemp fiber market growth during the next few years. Also, growing use in production of home textiles and increasing use of hemp fiber as biofuel will lead to sizable demand in the market.
The report on the hemp fiber market covers the following areas:
- Hemp Fiber Market sizing
- Hemp Fiber Market forecast
- Hemp Fiber Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hemp fiber market vendors that include CanvaLoop Fibre Pvt. Ltd., Dun Agro Hemp Group, Ecofibre Ltd., Forever Green, Hemp Fortex Industries Ltd., Hemp INC., Hemp Oil Canada, HempAge AG, HempFlax Group BV, HemPoland Sp zoo, Hempro Int. GmbH, HempSense Inc., Hempys, Ind Hemp LLC, Konoplex LLC, Margaret River HempCo., Naturalus pluostas UAB, and Shanxi Greenland Textile Co. Ltd.. Also, the hemp fiber market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.