Hemp Fiber Market Overview: 2025-30
Base Year: 2024
Historical Years: 2020-23
Forecast Years: 2025-30
The Hemp Fiber Market size was valued at around USD 11 Billion in 2024 and is expected to reach USD 36 Billion in 2030. Along with this, the market is estimated to grow at a CAGR of around 22% during the forecast period, i.e., 2025-30. In recent years, awareness regarding environmental issues has increased globally. This has resulted in the rapid adoption of green products worldwide, and consumers are inclined towards eco-friendly options. Hemp Fiber is a plant derivative that belongs to the Cannabaceae family. These fibers are poised to be a better alternative to synthetic products and also have wide-range industrial applications. Additionally, hemp-based products help to reduce adverse crises such as landfills, pollution, carbon emissions, global warming, etc., hence getting widely accepted and contributing to the growth of the market.
Markntel Advisor’s Hemp Fiber Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Hemp Fiber Market drivers, barriers, Hemp Fiber Market Trends, and Key Players in Hemp Fiber Market.
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Hemp Fiber Market Dynamics: 2025-30
Demand for Organic Products Fueling the Market – The concerns related to environmental safety have increased rapidly around the world. This has led to the rise in the usage of plant-based raw materials, which has ultimately increased the demand for hemp fibers. These fibers are non-polluting, recyclable, and biodegradable. Therefore, their demand has rapidly increased in the market. Additionally, they are found in the outer part of the plant, including the bark, and the process for their extraction is simpler, hence making it a reliable source for the market.
Being eco-friendly and a plant-based material, hemp is a better alternative to traditional fibers and synthetic raw materials. The preference for organic and green products over synthetic ones due to environmental concerns boosts their demand in this market. In addition, the awareness of sustainability leads to the use of biodegradable materials, which also prove to be renewable energy resources, contributing to enhancing market growth. Moreover, hemp is preferred over the other fibers as, in their production, they hardly need any herbicides to protect their crops, require less land than other crops, and expel negligible toxic materials into the soil. Therefore, there is a high demand for hemp fiber leading to the growth in this market.
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Hemp Fiber Market (2025-30): Segmentation Outlook
The market report has segmented the market into the following categories:
· By Application
o Textiles – Market Size & Forecast 2020-2030, USD Million
§ Clothing- Market Size & Forecast 2020-2030, USD Million
§ Home Goods- Market Size & Forecast 2020-2030, USD Million
· Curtains- Market Size & Forecast 2020-2030, USD Million
· Carpets- Market Size & Forecast 2020-2030, USD Million
· Rugs- Market Size & Forecast 2020-2030, USD Million
· Others- Market Size & Forecast 2020-2030, USD Million
§ Footwear- Market Size & Forecast 2020-2030, USD Million
o Pulp & Paper– Market Size & Forecast 2020-2030, USD Million
o Composite Material– Market Size & Forecast 2020-2030, USD Million
o Insulation– Market Size & Forecast 2020-2030, USD Million
o Animal Bedding– Market Size & Forecast 2020-2030, USD Million
o Bio composites– Market Size & Forecast 2020-2030, USD Million
o Construction Material– Market Size & Forecast 2020-2030, USD Million
o Others– Market Size & Forecast 2020-2030, USD Million
· By Type
o Long (Bast) Fibers– Market Size & Forecast 2020-2030, USD Million
o Short (Core) Fibers– Market Size & Forecast 2020-2030, USD Million
· By Source
o Organic– Market Size & Forecast 2020-2030, USD Million
o Conventional– Market Size & Forecast 2020-2030, USD Million
· By Region
o North America
o South America
o The Middle East & Africa
o Europe
o Asia-Pacific
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the Hemp Fiber Market:
- Hemp Inc.
- Hemp Flax Group B.V.
- Konoplex LLC
- Dun Agro Hemp Group
- South Hemp SpA
- Parkland Industrial Hemp Growers Co-Op. Ltd.
- American Hemp LLC
- Colorado Hemp Works, INC
- Canah International
- EnviroTextiles LLC
- Hempro International
- Ecofibre Inc.
- Valley Bio Ltd.
- Hemp Meds Brasil
- Boring Hemp Company
- Others
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