AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Hemp Fiber market - Global outlook to 2025". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Hemp Fiber market to grow at a CAGR of %.
According to Analyst at AMA Research, the Global Hemp Fiber market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing awareness about hemp fiber and Increasing Demand for various applications.
Hemp fibers are extracted from industrial hemp and processed into raw materials without chemicals or chemical processes. During the production process an optimal combination of fiber length and fiber consistency is achieved, making the extremely strong hemp fibers multi-usable. Hemp fiber is extremely suitable for use in innovative, advanced industrial applications such as press molding and injection molding. This raw material is a great replacement for synthetic plastic reinforcements, and very suitable for the automotive and textile industries. Fiber hemp is the natural and environmentally friendly alternative for industrial applications. It offers the raw materials and semi-finished products for innovative techniques and methods with which virtually everything can be made. Fiber hemp is the raw material of the future. Growing applications are likely to boost the growth of the global hemp fiber market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Hemp Fiber market by Type (Long (bast) Fibers, Short (core) Fibers and Others), by Application (Textiles, Pulp & Paper, Composite Materials, Automobiles and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market