5.2% CAGR to Expect by Global Hemp Fiber Market to 2023

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The worldwide market for Hemp Fiber is expected to grow at a CAGR of roughly 5.2% over the next five years, will reach 260 million US$ in 2023, from 190 million US$ in 2017.

Hemp is traditionally known as a fiber plant, and two kinds of fibers are derived from the hemp plant’s stalk. They are long (bast fibers) and the short (core fibers). The long, strong bast fibers are similar in length to soft wood fibers and are very low in lignin content (lignin is the “glue” that holds plants together). The short core fibers are more similar to hard wood fibers.

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The hemp fiber industry is fragmented: there are more than 100 manufacturers in the world, and most of the products come from China, European countries and Canada. Also, in the world wide, giant manufactures mainly distribute in China and Europe. The world-leading producer of hemp is China, with most of its use in textile industry. Hemp has been cultivated in China for several thousand years. Currently, China owns the top-class hemp fiber textile technology. Shanxi Greenland and Yak Technology are the leading players in the market. Europe is an important production area of hemp fiber. Hemp fiber in Europe is mainly produced in France, Germany, UK, etc, with its main use in pulp & paper and composite materials. Russia and Ukraine are also important providers of hemp products, and the main use is in textile industry. Major players like Hemp Flax, BAFA are located in Europe.

China is the main exporter of hemp fiber and hemp textiles. Canada hemp fiber manufacturers mainly supplies hemp products to satisfy the need of United States. The import and export business between European countries is frequent, but generally the consumption of hemp fiber is relatively even.

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There are 15 Chapters to deeply display the global Hemp Fiber market.
Chapter 1, to describe Hemp Fiber Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Hemp Fiber, with sales, revenue, and price of Hemp Fiber, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Hemp Fiber, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Hemp Fiber market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Hemp Fiber sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

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