Market Overview:
The global hemp products market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for hemp-based products across different applications such as textiles, composite materials, pulp & paper and others. Hemp is a versatile crop that can be used for various purposes such as food, fuel, fiber and medicine. Hemp fibers are long and strong which makes it suitable for use in various applications. Hemp-based composites are being increasingly used in automobiles and other transportation sectors owing to their superior properties such as high strength-to-weight ratio and thermal insulation. Furthermore, rising awareness about the benefits of hemp products is also contributing to the growth of this market.
Product Definition:
Hemp products are made from the hemp plant, which is a variety of the cannabis sativa plant. Hemp products include fiber, oil, and seed. The fiber of the hemp plant can be used to make textiles, paper, construction materials, and other goods. The oil of the hemp plant can be used to make biofuels, plastics, cosmetics, and other goods. The seed of the hemp plant can be eaten as a food or used to make supplements.
Long (bast) Fibers:
Long fibers or bast fibers are the longer, thinner, and more robust form of fiber. Longer fiber length helps in providing greater strength to the fiber as compared to short fibers. The long staple length of hemp stalks provides a very high tensile strength (15-20k psi) and breaking stress (200-300 psi) for most of its applications such as textiles, paper & plastic industries.
Short (core) Fibers:
Short (core) fibers are the innermost layer of the hemp stalks and are made up of cellulose. These fibers can be used for various applications such as in-home furnishings, apparel, paper, construction materials and more. The growing demand for environmentally sustainable products along with consumer awareness regarding animal welfare is expected to drive the short fiber market over the forecast period.
Application Insights:
The textile application segment led the global market and accounted for more than 54.0% share of the overall revenue in 2017. Hemp fibers, especially bast fiber, are widely used to manufacture textiles that can be worn by humans as well as animals due to its natural properties such as absorbency, breathability and durability. These factors are likely to drive the product demand in textile applications over the forecast period.
Hemp oil is also blended with other oils such as soybean oil and cottonseed oil which makes it suitable for manufacturing nonwoven fabrics such double layer polyester fabric commonly known as Terylene which is further utilized in various end-use industries including automotive & transportation and construction among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. China, India, Japan, Australia and South Korea are some of the largest hemp-producing countries in Asia Pacific. The region has a well-established textile industry owing to cheap labor costs as compared to other regions. China alone accounted for more than 50% of total regional production in 2017 owing to easy access to raw materials as well as skilled labor at low cost.
The European market was valued at USD X billion in 2017 and is projected to witness significant growth over the forecast period on account of growing product demand from major applications including textiles, composite materials and others coupled with favorable climatic conditions that enhance crop yields across various countries such as France, Italy Germany etc., which results into increased production capacity for hemp products across Europe (excepting U.K.).
Growth Factors:
- Increasing demand for CBD oil and other hemp-based products for their health benefits.
- Growing awareness of the environmental benefits of hemp farming and production.
- The increasing legalization of cannabis in North America and around the world, which is driving interest in hemp products as an alternative to traditional cannabis products.
- The development of new applications for hemp fiber, including construction materials, textiles, and bioplastics.
- The growing popularity of sustainable lifestyles that favor natural ingredients and environmentally friendly production methods
Scope Of The Report
Report Attributes
Report Details
Report Title
Hemp Products Market Research Report
By Type
Long (bast) Fibers, Short (core) Fibers
By Application
Textiles, Composite Materials, Pulp & Paper, Others
By Companies
HempFlax, Cavac Biomatériaux, BaFa, Agrofibre SAS, Dunagro, American Hemp, Hempline, CaVVaS, Shanxi Greenland Textile, YAK Technology, HempFlax, Tianyouhemp, Nanjingxinhe
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Hemp Products Market Report Segments:
The global Hemp Products market is segmented on the basis of:
Types
Long (bast) Fibers, Short (core) Fibers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Textiles, Composite Materials, Pulp & Paper, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- HempFlax
- Cavac Biomatériaux
- BaFa
- Agrofibre SAS
- Dunagro
- American Hemp
- Hempline
- CaVVaS
- Shanxi Greenland Textile
- YAK Technology
- HempFlax
- Tianyouhemp
- Nanjingxinhe
Highlights of The Hemp Products Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Long (bast) Fibers
- Short (core) Fibers
- By Application:
- Textiles
- Composite Materials
- Pulp & Paper
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hemp Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hemp products are made from the Cannabis sativa plant. Hemp is a type of cannabis that has low levels of THC, the psychoactive compound that makes people feel high. Hemp products can include food, clothing, paper, and other materials.
Some of the major companies in the hemp products market are HempFlax, Cavac Biomat©riaux, BaFa, Agrofibre SAS, Dunagro, American Hemp, Hempline, CaVVaS, Shanxi Greenland Textile, YAK Technology, HempFlax, Tianyouhemp, Nanjingxinhe.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hemp Products Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hemp Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hemp Products Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hemp Products Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hemp Products Market Size & Forecast, 2018-2028
4.5.1 Hemp Products Market Size and Y-o-Y Growth
4.5.2 Hemp Products Market Absolute $ Opportunity
Chapter 5 Global Hemp Products Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hemp Products Market Size Forecast by Type
5.2.1 Long (bast) Fibers
5.2.2 Short (core) Fibers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hemp Products Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hemp Products Market Size Forecast by Applications
6.2.1 Textiles
6.2.2 Composite Materials
6.2.3 Pulp & Paper
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hemp Products Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hemp Products Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hemp Products Analysis and Forecast
9.1 Introduction
9.2 North America Hemp Products Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hemp Products Market Size Forecast by Type
9.6.1 Long (bast) Fibers
9.6.2 Short (core) Fibers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hemp Products Market Size Forecast by Applications
9.10.1 Textiles
9.10.2 Composite Materials
9.10.3 Pulp & Paper
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hemp Products Analysis and Forecast
10.1 Introduction
10.2 Europe Hemp Products Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hemp Products Market Size Forecast by Type
10.6.1 Long (bast) Fibers
10.6.2 Short (core) Fibers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hemp Products Market Size Forecast by Applications
10.10.1 Textiles
10.10.2 Composite Materials
10.10.3 Pulp & Paper
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hemp Products Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hemp Products Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hemp Products Market Size Forecast by Type
11.6.1 Long (bast) Fibers
11.6.2 Short (core) Fibers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hemp Products Market Size Forecast by Applications
11.10.1 Textiles
11.10.2 Composite Materials
11.10.3 Pulp & Paper
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hemp Products Analysis and Forecast
12.1 Introduction
12.2 Latin America Hemp Products Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hemp Products Market Size Forecast by Type
12.6.1 Long (bast) Fibers
12.6.2 Short (core) Fibers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hemp Products Market Size Forecast by Applications
12.10.1 Textiles
12.10.2 Composite Materials
12.10.3 Pulp & Paper
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hemp Products Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hemp Products Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hemp Products Market Size Forecast by Type
13.6.1 Long (bast) Fibers
13.6.2 Short (core) Fibers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hemp Products Market Size Forecast by Applications
13.10.1 Textiles
13.10.2 Composite Materials
13.10.3 Pulp & Paper
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hemp Products Market: Competitive Dashboard
14.2 Global Hemp Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HempFlax
14.3.2 Cavac Biomatériaux
14.3.3 BaFa
14.3.4 Agrofibre SAS
14.3.5 Dunagro
14.3.6 American Hemp
14.3.7 Hempline
14.3.8 CaVVaS
14.3.9 Shanxi Greenland Textile
14.3.10 YAK Technology
14.3.11 HempFlax
14.3.12 Tianyouhemp
14.3.13 Nanjingxinhe
