Hemp Fiber Market Report: Trends, Forecast and Competitive Analysis to 2030

Hemp Fiber Market Report: Trends, Forecast and Competitive Analysis to 2030

Hemp Fiber Trends and Forecast

The future of the global hemp fiber market looks promising with opportunities in the textiles, pulp & paper, and composite material markets. The global hemp fiber market is expected to grow with a CAGR of 7.0% from 2024 to 2030. The major drivers for this market are increasing demand for sustainable and eco-friendly materials and expanding usage of this fiber in production of biodegradable plastics and composites.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Hemp Fiber by Segment

The study includes a forecast for the global hemp fiber by type, application, and region.

Hemp Fiber Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Long Fibers
• Short Fibers

Hemp Fiber Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Textiles
• Pulp & Paper
• Composite Material
• Others

Hemp Fiber Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Hemp Fiber Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hemp fiber companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hemp fiber companies profiled in this report include-

• HEMP BLACK
• HempFlax
• Hempro
• Hemp Fortex
• Naturalus Pluostas
• CanvaLoop Fiber
• South Hemp Techno

Hemp Fiber Market Insights

Lucintel forecasts that long fibers is expected to witness the highest growth over the forecast period.

Within this market, textiles is expected to witness the highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Hemp Fiber Market

Market Size Estimates: Hemp fiber market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Hemp fiber market size by type, application, and region in terms of value ($B).

Regional Analysis: Hemp fiber market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the hemp fiber market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hemp fiber market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the growth forecast for hemp fiber market?

Answer: The global hemp fiber market is expected to grow with a CAGR of 7.0% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the hemp fiber market?

Answer: The major drivers for this market are increasing demand for sustainable and eco-friendly materials and expanding usage of this fiber in production of biodegradable plastics and composites.

Q3. What are the major segments for hemp fiber market?

Answer: The future of the hemp fiber market looks promising with opportunities in the textiles, pulp & paper, and composite material markets.

Q4. Who are the key hemp fiber market companies?

Answer: Some of the key hemp fiber companies are as follows:

• HEMP BLACK
• HempFlax
• Hempro
• Hemp Fortex
• Naturalus Pluostas
• CanvaLoop Fiber
• South Hemp Techno

Q5. Which hemp fiber market segment will be the largest in future?

Answer: Lucintel forecasts that long fibers is expected to witness the highest growth over the forecast period.

Q6. In hemp fiber market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the hemp fiber market by type (long fibers and short fibers), application (textiles, pulp & paper, composite material, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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