The hemp fibre market is projected to grow at a CAGR of 9% by 2033.
The hemp fibre market growth is driven by sustainable materials demand, green building adoption, and rising use in textiles and composites.
Asia Pacific is the dominating region for the hemp fibre market.
HempFlax Group, Ecofibre Limited, Hemp, Inc., Zhongxin Hemp Fibre Co., Ltd., and Boër Hemp Ltd. are some leading industry players in the hemp fibre market.