#Market Analysis & Forecasts

2021-10-07

Worldwide industrial hemp industry to 2028 - Featuring ecofibre, hemp oil Canada and Dun Agro hemp among others

The "Industrial Hemp Market Size By Type, Application, By Sources, By Geographic Scope And Forecast" report has been added to ResearchAndMarkets.com's offering.

The global industrial hemp market was valued at USD 5,584.62 Million in 2020 and is projected to reach USD 25,603.00 Million by 2028, growing at a CAGR of 13.57% from 2021 to 2028.

The Industrial Hemp Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Industrial Hemp Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Increasing application usage in personal care, food & beverage, textile, and biocomposite industries is projected to drive industrial hemp market size. The rise in hemp oil demand on account of high essential fatty acids content which prevents and alleviates ailments is the factor contributing to industry growth from the food & beverage sector.

This report provides an all-inclusive environment of the analysis for the Industrial Hemp Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Industrial Hemp Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter's Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Industrial Hemp Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Industrial Hemp Market.

Market Dynamics

Drivers

• Rising Awareness Among the Consumers About the Benefits of Industrial Hemp

• Functional Properties of Hemp Seed and Hemp Seed Oil, and Their Increased Use in Different Food Applications

Restraints

• Complex Regulatory Structure for the Usage of Industrial Hemp

Opportunities

• Rising Application of Industrial Hemp in Diverse Industries Such as Textile, Pharmaceutical, Food, Beverage, Personal Care, Construction & Material, Furniture, and Paper

Company Profiles

• Ecofibre

• Hemp Inc

• Hemp Oil Canada

• Gencanna

• Hempflax Group B.V

• Konoplex Group

• Bafa - Badische Naturfaseraufbereitung

• Hempoland

• Dun Agro Hemp Group

• Medical Marijuana, Inc.

For more information about this report visit:

https://www.researchandmarkets.com/r/78bjkx

“Production is a product”

From technical textiles and AI-driven robotics to the limitations of textile circularity: Professor Dr Thomas Gries looks back on more than two decades of development at ITA Aachen. In the interview, he explains why production technology remains a decisive success factor, discusses international collaborations and innovation ecosystems, and shares his views on the transformation of production landscapes and the challenges facing an increasingly regulated industry.

“We need to move away from the price trap and return to a value-driven mindset.”

With its new Textile Innovation Center, KARL MAYER is sending a strong signal for innovation, collaboration, and the future of textile applications. In this interview, Karl Josef Mayer discusses new opportunities in warp knitting, the processing of staple fibres, recycling, the changing role of machinery manufacturers, and why the textile industry must once again focus more strongly on the value of textiles. by Oliver Schmidt

“Innovation, resilience and international experience remain the great strengths of the Swiss textile machinery industry”

Geopolitical uncertainty, growing competitive pressure from China, new free trade agreements and the shift towards a circular economy are currently reshaping the global textile industry. In this interview, Cornelia Buchwalder discusses the current mood within the Swiss textile machinery sector, the industry’s distinctive innovative strength, new market opportunities in India and Asia, and the technological trends that could shape the upcoming trade fair cycle leading up to ITMA 2027.

Fluff pulp market maintains steady growth

Despite being impacted by political and economic woes, the global fluff pulp market in 2024 will reach 7.3 million air dried tonnes with a value of $9.7 billion, according to a new Smithers produced study, The Future of Fluff Pulp to 2029. This is up from 6.2 million air dried tonnes valued at $5.5 billion in 2019.

Economic and geopolitical headwinds influence industrial nonwovens growth to 2029

The global consumption of industrial nonwovens in 2024 is 5.3 million tonnes or 83.4 billion square metres (m2), valued at $21.2 billion, according to The Future of Industrial Nonwovens to 2029 from Smithers. Growth rates for 2019-24 were 6.9% (tonnes), 6.9% (m2) and 6.7% ($). This reflects a recovery in some markets from Covid-19 as well as an adjustment to the Russian invasion of Ukraine in 2022 and its repercussions (inflation, energy supply/price, global economic growth reductions).

EU ban on destroying unsold clothing and footwear now in force

The European Union's ban on the destruction of unsold clothing, clothing accessories and footwear has entered into force. Since July 19, 2026, large companies across the EU have been prohibited from destroying unsold textile products, while medium-sized companies will be required to comply with the same rules from 2030.

Eastman Naia™ brings its inside-out denim vision to Kingpins New York

Following its debut at Kingpins Amsterdam, Eastman Naia™ brings the next chapter of its denim story to Kingpins New York, taking place July 22–23. At Booth Green 7, Naia™ presents its denim proposition built around three complementary design directions: Performance Denim, Fashion Denim and Authentic Denim.