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Hemp Fiber market is growing at a CAGR of 5.1% between 2018 and 2025 - QY Research
The Global Hemp Fiber Industry 2018 Market Research Report is a professional and in-depth study on the current state of the Hemp Fiber industry.

BriefingWire.com, 7/12/2018 - The global Hemp Fiber market was 190 million US$ in 2017 and is expected to 280 million US$ by the end of 2025, growing at a CAGR of 5.1% between 2018 and 2025.

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.

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.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Hemp Fiber in these regions, from 2013 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

By the product type, the market is primarily split into

Long (bast) Fibers

Short (core) Fibers

Others

By the end users/application, this report covers the following segments

Textiles

Pulp & Paper

Composite Materials

Others

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QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.

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