Scope of the Study
Hemp is one of the most ecologically friendly. Hemp fibre is longer, stronger, more absorbent, more mildew resistant and more insulative than cotton fibre. There are thirty varieties of Hemp fibre. Hemp Fibre is used in a number of consumer goods, including clothing, shoes, accessories and homewares. High adoption of hemp fibre due to increased demand for developing biodegradable, sustainable, and recyclable materials. In Europe and China, hemp fibres have been used in prototype quantities to strengthen concrete, and in other composite materials for many construction and manufacturing applications. In Europe, more than 100,000 citizens profit already from CBD, dozens of companies show double-digit growth. Hemp, grown under license mostly in Canada, is the most publicized “new” crop in North America. Until very recently the prohibition against drug forms of the plant prevented consideration of cultivation of fibre and oilseed cultivars in Canada. It’s estimated that more than 50,000 products can be made from hemp.
The market study is being classified by Type (Long (bast) Fibres, Short (core) Fibres and Others), by Application (Textiles [Technical Textiles, Non-Technical textiles], Pulp & Paper, Composite Materials, Automobiles [Door Panels, Passenger Rear Decks, Pillars, Boot Linings] and Others [Pharmaceuticals]) and major geographies with country level break-up. According to AMA, the Global Hemp Fibre market is expected to see growth rate of 14.0%
HempFlax BV (The Netherlands), Cavac Biomatériaux (France), Bafa Neu GmbHH (Germany), Dunagro (Netherlands), American Hemp (United States), Hempro International GmbH & Co. KG (Germany), Hemp Inc. (United States), Shanxi Greenland Textile Co., Ltd.(China), IHEMPFARMS (Bulgaria) and InterChanvre (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Konoplex Ltd (Russia), Mariplant (Germany) and South Hemp Techno SRL (Italy).
Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Hemp Fibre market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Hemp Fibre market by Type, Application and Region.
On the basis of geography, the market of Hemp Fibre has been segmented into South America (Brazil, Rest of South America), Asia Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Consumer Changing Preferences towards Eco-friendly products
- Growing Textile Industry Worldwide
- Huge Demand due to Replacement of Plastics Bags to Hemp Bags
- Increasing growth and Penetration of E-commerce
- Stringent And Regulatory Policies
- Rising Usage In Industrial And Medicinal Applications
- Growing Demand from Emerging Economies
Industrial hemp is largely accepted in European countries. The European Monitoring Centre for Drugs and Drug Addiction states that “In the European Union, it is legal to cultivate and supply cannabis plants for hemp fiber if they have low levels of THC.” Since hemp contains less than 0.3% THC, this means the plants are legal for growth.
The Agricultural Act of 2014 provided that certain research institutions and state departments of agriculture may grow industrial hemp, as part of an agricultural pilot program, if allowed under state laws where the institution or state department of agriculture is located.
Key Target Audience
Hemp Fibre Manufactures, Hemp Fibre Suppliers, Hemp Fibre Distributors, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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