The newly Hemp Fiber market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
Hemp fiber is the bast fiber in plant fiber, the trait is a mulberry plant with annual erect vegetation. The stem has a longitudinal groove on the surface, and the height is about 2-3 meters. The palm-like leaf is about 5-9 deep-leaved compound leaves.
On the basis of products, the various types include Long (bast) Fibers, Short (core) Fibers, and Others. On the basis of application, the Hemp Fiber market is segmented into Textiles, Pulp & Paper, Composite Materials, and Others.
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Market Insights
According to a new research study, the Hemp Fiber market size is expected to reach USD 296 million by 2026 from USD 209 million in 2019, with a compound annual growth rate of 5.07% during the forecast period. The growth can be mainly attributed to the increasing demand for Hemp Fiber in various applications such as Textiles, Pulp & Paper, and Composite Materials. Increasing consumer awareness pertaining to benefits associated with hemp products is also projected to propel the growth of the market. With the recovery of the global economy and the development of emerging powers, the Hemp Fiber market is endowed with a promising future.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
In 2018, the Hemp Fiber global market was mainly concentrated in the three regions of North America, Asia-Pacific, and Europe. Asia-Pacific accounted for the largest market share of 36.87% in 2018 and is expected to show the same trend during the forecast period. Europe is currently leading North America with a market share of 23.97% and 21.65%. Increasing use of Hemp Fiber and more-intense competition are expected to fuel the growth of the market in those regions.
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Competitive Players
The Hemp Fiber market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are HempFlax, Cavac Biomatériaux, BaFa, Hemp Planet, and Dunagro. Other prominent vendors in the market are American Hemp, Hempline, Hemp Inc, CaVVaS, Shanxi Greenland Textile, YAK Technology, Shenyangbeijiang, Tianyouhemp, and others.
Target Audience for this Report
l Hemp Fiber manufacturers
l Hemp Fiber importers and exporters
l Hemp Fiber traders, distributors, and suppliers
l Raw material suppliers of Hemp Fiber
l Hemp Fiber industry associations
l Product managers, Hemp Fiber industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Hemp Fiber Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Hemp Fiber Market by Types
4 Segmentation of Hemp Fiber Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Hemp Fiber Market in Major Countries
7 North America Hemp Fiber Landscape Analysis
8 Europe Hemp Fiber Landscape Analysis
9 Asia Pacific Hemp Fiber Landscape Analysis
10 Latin America, Middle East & Africa Hemp Fiber Landscape Analysis
11 Major Players Profile
11.1 HempFlax
11.1.1 HempFlax Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Cavac Biomatériaux
11.3 BaFa
11.4 Hemp Planet
11.5 Dunagro
11.6 American Hemp
11.7 Hempline
11.8 Hemp Inc
11.9 CaVVaS
11.10 Shanxi Greenland Textile
11.11 YAK Technology
11.12 Shenyangbeijiang
11.13 Tianyouhemp
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Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
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