Agricoltura
Global Hemp Fiber Market to Reach $73.55 Billion by 2030, Growing at a Robust 33.57% CAGR Due to Rising Preference for Natural Fibers and Growing Ecological Concerns, Projects Kings Research
https://www.kingsresearch.com/request-sample/hemp-fiber-market-17
In March 2023 , Toyoshima invested in FyberX, a prominent hemp fiber producer, through its venture capital fund, Fashion and Technology No.2 Investment Enterprise Partnership. FyberX is dedicated to providing regenerative hemp fiber that benefits farmers, improves soil health, revitalizes rural communities, and creates opportunities in the textile industry.
Prominent players in the global hemp fiber market are focusing on strategic agreement and development to boost their competitiveness. For instance, in April 2023 , Panda Biotech collaborated with the Southern Ute Growth Fund to advance sustainable hemp production in the United States . The joint effort was geared toward expanding production facilities with a focus on sustainable solutions for the future.
https://www.kingsresearch.com/enquiry/hemp-fiber-market-17
Based on source, the market is bifurcated into .
The organic segment is poised to maintain its predominant position through the forecast period, depicting a staggering 36.91% CAGR, driven by the rising demand for organic products. The increasing preference for organic hemp fiber is propelling its displacement of conventional counterparts across diverse industries such as engineering, automobile, aerospace, and construction. This transition is predominantly influenced by the advantageous combination of lower costs and superior mechanical properties, specifically noteworthy in terms of tensile and flexural characteristics. Organic hemp fiber's growing popularity underscores its increasing adoption as a preferred choice in various sectors, thereby contributing to its sustained dominance in the market.
Based on application, the hemp fiber market is segmented into
The textile segment is anticipated to accrue a significant valuation of USD 28.62 billion by 2030. This remarkable growth can be attributed to the inherent hypoallergenic nature of hemp fibers, which ensures that they do not irritate the skin. Notably, hemp possesses resistance to ultraviolet radiation, safeguarding it against degradation or fading in sunlight exposure. The exceptional properties of hemp fibers, including high absorbency, commendable thermal characteristics, and noteworthy electrical attributes, such as low static charge and superior heat absorption, contribute significantly to its advantages within the textile industry. These characteristics position hemp as a material of choice, driving segmental growth.
https://www.kingsresearch.com/customization/hemp-fiber-market-17
The increasing need for hemp fiber arises from a rising preference for natural fibers as reinforcement in composite materials. This demand is driven by ecological concerns, regulatory requirements, and technological advancements. Hemp fibers are becoming a global interest in industries like automotive, electrical, construction, and packaging due to their environmentally friendly, biodegradable, and renewable properties. They are emerging as a popular alternative to traditional textiles by replacing chemical-intensive and labor-intensive production methods. As sustainable textiles gain more traction, the demand for hemp fiber in the textile industry is expected to grow significantly in the coming years.
https://www.kingsresearch.com/buy-now/17
Asia Pacific region led the global hemp fiber market and is foreseen to witness strong growth at 37.65% CAGR over the analysis period. This dominance is anticipated to continue over the review period due to a surge in the adoption of hemp fiber across diverse applications within the region, including textiles, clothing, paper, and construction materials. The growing interest in hemp fiber within the region is primarily attributed to surging environmental concerns and a growing demand for sustainable and eco-friendly products. The region has witnessed a palpable shift toward hemp fiber utilization, reflecting an increased consciousness of environmentally responsible practices.
Furthermore, the appeal of hemp fiber in the region is accentuated by its lightweight and breathable attributes, surpassing alternative materials in these aspects. The unique texture of hemp fiber has captured consumer attention, bolstering its desirability across various industries. A notable development in recent years is the rise of hemp concrete, a sustainable building material crafted from hemp fiber and lime. This eco-friendly alternative to conventional materials such as concrete and brick has gained popularity, contributing to the mounting uptake of hemp fiber in the construction sector.
The burgeoning interest from both consumers and producers in hemp fiber is further fueled by the establishment of additional processing plants and robust supply chains. These developments support the seamless integration of hemp fiber into various industries, indicative of a growing and sustainable market presence in the Asia-Pacific region.
The Europe hemp fiber market is projected to experience the fastest growth over the anticipated timeframe. This can be attributed to the increasing adoption of hemp fiber in various applications such as textiles, ropes, paper, and building materials. Hemp fibers are being preferred as a sustainable alternative to cotton due to their lower water and chemical requirements. As a result, they are gaining popularity among producers and consumers in Europe , in keeping with the region's focus on promoting sustainable materials.
https://www.kingsresearch.com/hemp-fiber-market-17
Introduction of The Global Hemp Fiber Market
1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
1.4 Limitations
1.5 Assumptions
Executive Summary
Research Methodology
3.1 Data Collection
3.1.1 Secondary Sources
3.1.2 Primary Sources
3.1.3 Research Flow
3.2 Subject Matter Expert Advice
3.3 Quality Check
3.4 Final Review
3.5 Bottom-Up Approach
3.6 Top-down Approach
Global Hemp Fiber Market Outlook
4.1 Market Evolution
4.2 Overview
4.3 Market Dynamics
4.4 Pricing Analysis
4.5 Porter's Five Forces Analysis
4.6 Value Chain Analysis
4.7 Macroeconomic Analysis
Impact of Russia-Ukraine War
Global Hemp Fiber Market, By Source
Global Hemp Fiber Market, By Application
Global Hemp Fiber Market, By Geography
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Global Hemp Fiber Market Competitive Landscape
14.1 Overview
14.2 Key Developments
14.3 Key Strategic Developments
14.4 Company Market Ranking
14.5 Regional Footprint
14.6 Industry Footprint
Company Profiles
15.1 CanvaLoop Fibre Private Ltd.
15.1.1 Key Facts
15.1.2 Financial Overview
15.1.3 Product Benchmarking
15.1.4 Recent Developments
15.1.5 Winning Imperatives
15.1.6 Current Focus & Strategies
15.1.7 Threat from competition
15.1.8 SWOT Analysis
15.2 Cone Denim LLC
15.2.1 Key Facts
15.2.2 Financial Overview
15.2.3 Product Benchmarking
15.2.4 Recent Developments
15.2.5 Winning Imperatives
15.2.6 Current Focus & Strategies
15.2.7 Threat from competition
15.2.8 SWOT Analysis
15.3 Delta Agriculture
15.3.1 Key Facts
15.3.2 Financial Overview
15.3.3 Product Benchmarking
15.3.4 Recent Developments
15.3.5 Winning Imperatives
15.3.6 Current Focus & Strategies
15.3.7 Threat from competition
15.3.8 SWOT Analysis
15.4 Dun Agro Hemp Group
15.4.1 Key Facts
15.4.2 Financial Overview
15.4.3 Product Benchmarking
15.4.4 Recent Developments
15.4.5 Winning Imperatives
15.4.6 Current Focus & Strategies
15.4.7 Threat from competition
15.4.8 SWOT Analysis
15.5 Ecofibre Ltd.
15.5.1 Key Facts
15.5.2 Financial Overview
15.5.3 Product Benchmarking
15.5.4 Recent Developments
15.5.5 Winning Imperatives
15.5.6 Current Focus & Strategies
15.5.7 Threat from competition
15.5.8 SWOT Analysis
Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.
Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.
(+1) 888 328 2189
business@kingsresearch.com
https://www.kingsresearch.com
https://www.kingsresearch.com/blog
LinkedIn | Facebook | Twitter
View original content:https://www.prnewswire.co.uk/news-releases/global-hemp-fiber-market-to-reach-73-55-billion-by-2030--growing-at-a-robust-33-57-cagr-due-to-rising-preference-for-natural-fibers-and-growing-ecological-concerns-projects-kings-research-302040583.html