Hemp Fiber Market to Grow with a CAGR of 7.00% through 2030
Surge in research and development activities is expected to drive the Global Hemp Fiber Market growth in the forecast period, 2026-2030.
According to
TechSci Research report, “Hemp Fiber Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Global Hemp
Fiber Market stood at USD 378.56 million in 2024 and is anticipated to grow
with a CAGR of 7.00% in the forecast period through 2030. Initiatives taken by government to promote the adoption of hemp fiber are propelling the growth of market in forecast period. Governments are actively involved in fostering
international collaboration and trade agreements to streamline the export and
import processes for hemp fiber and its associated products. This comprehensive
approach encompasses various actions, including the negotiation of trade
agreements tailored to hemp-related trade, the alignment of regulatory
frameworks to ensure consistency across borders, and active participation in
global forums and working groups dedicated to the hemp fiber industry.
These
efforts aim to create a conducive environment for the smooth flow of hemp fiber
and related goods across international markets, facilitating trade and
promoting the growth of the global hemp industry. Additionally, by engaging in
international cooperation and dialogue, governments seek to address regulatory
barriers, promote standardization, and seize opportunities for market
expansion, thereby fostering a thriving and interconnected global hemp
marketplace.
In the realm of research and development, considerable attention is being devoted to the cultivation of high-yield hemp varieties that boast favorable fiber attributes, including augmented tensile strength and heightened resilience against pests and diseases. This strategic focus underscores a concerted effort to enhance the genetic makeup of hemp strains, thereby ensuring their viability and productivity in commercial settings. By prioritizing the development of cultivars with these sought-after characteristics, stakeholders aim to fortify the hemp fiber supply chain, bolstering its capacity to meet evolving market demands while mitigating potential agricultural challenges.
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Hemp Fiber Market”
The Global Hemp
Fiber Market is segmented into source, application, regional distribution, and
company.
Based on the source, organic hemp fiber is poised to grow with the fastest rate in the global market for several compelling reasons. The increasing global emphasis on sustainability and eco-friendly practices has led consumers and businesses alike to prioritize organic and environmentally conscious products. Organic hemp cultivation aligns with these values, as it involves minimal use of synthetic pesticides and fertilizers, reducing the environmental impact compared to conventional farming methods. The growing awareness of health and wellness benefits associated with organic products has driven demand for organic hemp fiber. Consumers are increasingly seeking products free from chemical residues, making organic hemp an attractive choice. The textile industry's shift towards sustainable and biodegradable materials has positioned organic hemp fiber as a frontrunner, offering a renewable resource that requires less water and land compared to traditional crops. As regulatory frameworks worldwide evolve to support sustainable practices, businesses investing in organic hemp are likely to gain a competitive edge in the burgeoning global hemp fiber market.
Based on region, The Asia Pacific region is experiencing the fastest growth in the Hemp Fiber Market due to increasing awareness of the benefits of hemp-based products and a shift towards sustainable alternatives. Countries such as China, India, and Thailand are key drivers of this growth, with the region’s strong agricultural base supporting hemp cultivation. The demand for hemp fiber is being driven by its wide applications in textiles, construction materials, automotive parts, and eco-friendly products. As environmental concerns rise, more industries are turning to hemp fiber as a sustainable, biodegradable alternative to synthetic materials, further boosting its adoption. Additionally, supportive government policies in countries like China and India are promoting the cultivation and processing of hemp, enhancing production capabilities. With a growing emphasis on sustainability and the expanding use of hemp in various industries, the Asia Pacific region is set to lead the global hemp fiber market in the coming years. The combination of favorable agricultural conditions, increased consumer awareness, and government support is expected to maintain the rapid growth of hemp fiber demand in this region.
Major companies
operating in Global Hemp Fiber Market are:
- Hempco Food & Fiber Inc
- CBD Biotechnology Co Ltd
- Ecofibre Ltd
- Hemp Inc
- GenCanna Global, Inc.
- HempFlax BV
- Hemp Oil Canada Inc
- HemPoland Sp. z o.o.
- Dun Agro BV
- Colorado Hemp Works, LLC
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“Hemp fibers are progressively finding their way into
sports and outdoor equipment, such as clothing, shoes, and gear, owing to their
durability, moisture-wicking capabilities, and environmentally friendly
qualities. Athletes and outdoor enthusiasts are gravitating towards
hemp-infused products for their superior performance features and
sustainability credentials, fueling the demand for inventive solutions in the
sports and outdoor sector. This pattern underscores the adaptability of hemp
fibers and their capacity to revolutionize established markets by offering
eco-conscious alternatives.” said Mr. Karan Chechi, Research Director of TechSci Research,
a research-based management consulting firm.
“Hemp Fiber Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Source (Organic, Conventional), By Application (Food, Beverages, Personal Care Products, Textiles, Pharmaceuticals, Others), By Region, and By Competition, 2020-2030F”,
has evaluated the future growth potential of Global Hemp Fiber Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Hemp Fiber Market.
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