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Global Hemp Fiber Market is Projected to Reach 330 million US$ by the end of 2025

Author: QYResearch | Publish date: 2018-08-17 | Views: 14
New report published by QY Research which offers insights on the global Hemp Fiber market. The Hemp Fiber market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Hemp Fiber is expected to reflect a 1.6x increase in the revenue growth. In 2017 the global Hemp Fiber market was valued at US$ 210 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 330 Mn growing at a value CAGR of 5.9% throughout the period of forecast.

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Global Hemp Fiber Market: Market Driver and Restraint

Applications of Hemp Fiber are anticipated to create new business segments in the market. Hemp Fiber is in use for a broad range of Textiles products such as paper, building materials & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Hemp Fiber application is developed towards a more active mode.


Manufacturers are exploring the potential of Hemp Fiber in Pulp & Paper. Application of Hemp Fiber in durable and comfortable clothing are gaining traction in the recent years. Recently, manufacturers have started using Hemp Fiber in the Composite Materials area. Further, there are also potential uses in the areas of housewares.


Global Hemp Fiber Market: Key Takeaways

·        On the one hand, Hemp Fiber manufacturers are dedicated to lowering their manufacturing cost; on the other hand, they try to provide more qualified products to customers.

·        Besides, they are trying to broaden the applications of Hemp Fiber such as hempcrete, plastic, paper and graphene.

·        As major suppliers are seeking acquisition to expand global presence, the market concentration is estimated to increase in the coming 5 years.


Global Hemp Fiber Market: Forecast by Fiber

This segment includes Long (bast) Fibers, Short (core) Fibers, etc. In terms of volume, Long (bast) Fibers segment is expected to remain dominant in the global Hemp Fiber market.


Global Hemp Fiber Market: Forecast by Region

North America, Latin America, Eastern Europe, WesternEurope, APEJ, Japan and MEA are the seven regions that are included in this report. Europe is the dominant market in the global Hemp Fiber market in terms of value. The Europe Hemp Fiber market was estimated to be valued at US$ 83.89 Mn in 2017 and is expected to expand at a value CAGR of 6.5% over the forecast period. The China market is expected to expand at a robust rate of 5.6% in terms of revenue over the forecast period due to the steadily increasing production capacity for paper  products in this region.


Global Hemp Fiber Market: Key Players

HempFlax, Cavac Biomatériaux, BaFa, Hemp Planet, Dunagro, American Hemp, Hempline, Hemp Inc, OOO Патриот Агро, CaVVaS, Shanxi Greenland Textile, YAK Technology, Shenyangbeijiang, Tianyouhemp, etc. are the key vendors included in this report.


The market concentration of Hemp Fiber is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for more than 35.88% of sales. HempFlax is by far the leader, followed by Cavac Biomatériaux and Hemp Planet. Key Vendors like Hemp Planet ,Dunagro , and American Hemp, also play important part in regional market, so the market share in each region is quite different.


Click to view the full report TOC, figure and tables

https://www.qyresearch.com/index/detail/54916/global-hemp-fiber-sales-market


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