Business Research Company Global Hemp Fiber Market Report 2022: Market Size, Trends and Forecast to 2026
LONDON, GREATER LONDON, UK, August 12, 2022 /EINPresswire.com/ — According to the “Global Hemp Fiber Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026” published by The Business Research Company, the hemp fiber market size is expected to reach 26, $41 billion in 2026 with a CAGR of 35.2%. According to the hemp fiber market research, the increasing legalization of industrial hemp cultivation is expected to propel the market growth in the future.
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The hemp fiber market includes sales of hemp fiber by entities (organizations, individual traders, and partnerships) that are used in the manufacture of fiberboard, compost, and animal bedding. Hemp fiber refers to a natural plant fiber that comes from the stems of plants such as flax and bamboo. This fiber is environmentally friendly and has a less harmful environmental impact. These materials also have inherent mechanical, thermal and acoustic properties.
Global hemp fiber market trends
New product innovations have emerged as one of the key hemp fiber market trends gaining popularity. Major companies operating in the hemp fiber sector are focusing on introducing product innovations to maintain their position. For example, in June 2020, Precision Extraction, an American manufacturer of hemp extraction equipment, launched the CRS 2000 (CryoMass Refinement System), which is a solventless harvesting and refining system. It is used to both dry and purify the biomass of cannabis and hemp plants at a rate of up to 600,000 grams per hour. CRS 2000 dramatically increases solvent-based cannabis and hemp, helping to increase extraction volume by up to 400%.
Segments of the global hemp fiber market
The global hemp fiber market is segmented:
By type: Long fiber (liberal), Short fiber (core)
By source: Organic, Conventional
By Application: Foods, Beverages, Personal Care Products, Textiles, Pharmaceuticals, Others
By Geography: The global hemp fiber market report is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East & Africa. Of these regions, North America accounts for the largest share.
Learn more about the Global Hemp Fiber Market report here
The Global Hemp Fiber Market Report 2022 is part of a series of new reports from The Business Research Company that provide global hemp fiber market overviews, size and forecast analysis and forecasts. market growth for the global hemp fiber market, the global hemp fiber market share, the hemp fiber market segments and geographies, the global hemp fiber market players, revenue, profiles and market shares of major competitors in the global hemp fiber market. The Hemp Fiber Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC’s 2022 Global Hemp Fiber Market Report includes information on the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Main market players: Hempco, Ecofibre, Hemp Inc, GenCanna, HempFlax BV, Natural Fiber, Forever Green, HempAge AG, Hempro Int. GmbH & Co. KG, Hempy’s, Parkland Industrial Hemp Growers Cooperative Ltd., Shanxi Greenland Textile, BaFa, Dunagro, Shenyangbeijiang, Hempfortex, Kingdom Holdings, CanvaLoop Fiber Private Limited, Plains Industrial Hemp Processing Ltd, MH Medical Hemp, Industrial Hemp Manufacturing LLC , Konoplex, Hemp Oil Canada and HemPoland.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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The Business Research Company has published over 1,000 industry reports covering over 2,500 market segments and 60 geographies. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. Reports are updated with detailed analysis of the impact of COVID-19 on various markets.
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