MarkNtel Advisors recently published a detailed industry analysis of the Global Hemp Fiber Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Hemp Fiber Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

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. 

Key Findings in Global Hemp Fiber Market:

• Historical Analysis: 2020–2023
• Base Year: 2024
• Forecast Period: 2025–2030

Leading Market Players- 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, Enviro Textiles LLC., Hempro International, Ecofibre Inc., Valley Bio Ltd., Hemp Meds Brasil, Boring Hemp Company, and Others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Hemp Fiber industry?

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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What segments define the Global Hemp Fiber Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

By Application

• 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
• Pulp & Paper– Market Size & Forecast 2020-2030, USD Million
• Composite Material– Market Size & Forecast 2020-2030, USD Million
• Insulation– Market Size & Forecast 2020-2030, USD Million
• Animal Bedding– Market Size & Forecast 2020-2030, USD Million
• Bio composites– Market Size & Forecast 2020-2030, USD Million
• Construction Material– Market Size & Forecast 2020-2030, USD Million
• Others– Market Size & Forecast 2020-2030, USD Million

According to report, Among these, the textile segment holds the largest share of the market at about 30%.

By Type

• Long (Bast) Fibers– Market Size & Forecast 2020-2030, USD Million
• Short (Core) Fibers– Market Size & Forecast 2020-2030, USD Million

According to report, Out of these two, the long bast fibers hold the largest share of more than 70% of the market.

By Source

• Organic– Market Size & Forecast 2020-2030, USD Million
• Conventional– Market Size & Forecast 2020-2030, USD Million

Explore the Complete Global Hemp Fiber Market Analysis Report – https://www.marknteladvisors.com/research-library/hemp-fiber-market.html

Geographical Analysis: Global Hemp Fiber Market

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

The Global Hemp Fiber Industry Recent Development:

• 2024: Hemp Inc. accepted the use of a genetically modified strain of Hemp approved by the USFDA (U.S. Food and Drug Administration) to improve regulatory compliance regarding THC levels.

• 2020: Ecofibre has launched high-quality 3-D knitted black Personal Protective Equipment (PPE) face masks made from hemp black technology.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Hemp Fiber Market?
• How is the Global Hemp Fiber Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/hemp-fiber-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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