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Some of the major players operating in this market are Hemp Inc., Hempco Inc., Bamboo Textiles, Bast Fibers LLC, Bastcore, Blue Sky Hemp Ventures, Legacy Hemp, Natural Textiles Solutions, Shanxi Greenland Textile Co., Ltd., Sunstrand LLC and Western States Hemp.
Major Topics Covered in this Report:
Market Size by Manufacturers
Market Size by Type
Market Size by Application
Segmentation: North America Hemp Fiber Consumption Market
North America hemp fiber consumption market is segmented into two notable segments which are type and application.
On the basis of type, the market is segmented into long (bast) fibers, short (core) fibers.
In October 2018, Sunstrand LLC attended an expo in which innovative professionals from numerous industries have come to inculcate the versatile plant’s properties into their existing products. The main discussion was on the environmental sustainability with reducing the use of plastics throughout the nations.
On the basis of application, the market is segmented into composite materials, textiles, pulp & paper and others.
In October 2017, Bastcore signed a contract to supply its hemp fiber products to an apparel company, Recreator. The hemp products from Bastcore will be used by the company in making t-shirts and other garments. This partnership encouraged people to invest in natural fibers and produce textile out of it.
Competitive Analysis: North America Hemp Fiber Consumption Market
Some of the major players operating in this market are Hempco Inc., Sunstrand LLC, Blue Sky Hemp Ventures, Bast Fiber LLC, Natural Textile Solutions, Legacy Hemp, Bamboo Textiles, Bastcore, SHANXI GREENLAND TEXTILE CO., LTD., Western States Hemp and Hemp Inc.
North America hemp fiber market is segmented into two notable segments which are type and application.
On the basis of the type, market is segmented into long (bast) fibers and short (core) fibers. In 2019, short (core) fiber segment is projected to lead with 59.07% shares, whereas the long (bast) fiber segment is growing with the highest CAGR of 49.9% in the forecast period of 2019 to 2026.
On the basis of application, the market is segmented into composite materials, textiles, pulp & paper and others. In 2019, composite materials segment is projected to lead with 40.81% shares, whereas the textiles segment is growing with the highest CAGR of 54.0% in the forecast period of 2019 to 2026.
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