The global hemp paper market size was worth around USD 510.39 million in 2022 and is predicted to grow to around USD 1,683.94 million by 2030 with a compound annual growth rate (CAGR) of roughly 16.09% between 2023 and 2030.
During the forecast period, the study examines the impact of drivers, constraints, and challenges in the worldwide hemp paper market. The report also investigates recent developments in the hemp paper market.
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Industry Analysis of Hemp Paper
Hemp paper is paper that has been crafted from the hemp plant’s fibres. Cannabis sativa is the plant species from which this variety originates. Hemp’s fibrous material is perfect for use in paper manufacturing because to its strength and longevity. Many different kinds of papers made from hemp have been in use for hundreds of years. Studies show that it was used in ancient Egypt and China. According to studies and scientific findings, the oldest paper-based artefacts currently in existence are made of hemp paper. Paper manufactured from bamboo is gaining popularity as a more environmentally friendly substitute for paper made from forests.
Key Takeaways:
• Our research analyst has revealed that the worldwide demand for hemp paper is expected to expand at a CAGR of roughly 16.09% between the years 2023 and 2030.
• The global market for hemp paper was worth about $510.39 million in 2022, and it is expected to be worth $1,683.94 million by 2030.
• Due to rising concerns about environmental impact, the hemp paper industry is expected to expand rapidly in the next years.
Sustainability’s rising profile is expected to fuel the economy and the market.
Greater emphasis on sustainable growth across industries, including the paper sector, is primarily responsible for the optimistic outlook for the global hemp paper market. The hemp plant, from which the paper is manufactured, need no additional fertilisers, pesticides, or herbicides to flourish. Additionally, it uses significantly less water than conventional plant-based papers. Hemp-based paper is expected to see a high growth rate as consumers become more aware of the current environmental situations due to irresponsible consumption patterns such as the use of traditional paper, which leads to deforestation and soil erosion.
Because of supply constraints, market expansion will be stifled.
The hemp paper industry around the world has to contend with a restricted supply of hemp fibre despite the many beneficial attributes of the hemp plant and paper. Since hemp fibre is not as widely available as wood pulp paper, this poses a serious problem for the commercial sector. Although hemp is a naturally occurring plant in many regions, it is not yet a commercially viable crop, which limits access to the fibre it produces.
Investment in hemp-based products continues to rise, opening up new markets.
Higher growth prospects are expected for the worldwide hemp paper sector as a result of rising global investment in hemp-based products. In addition to being used in the papermaking process, the plant has many other applications. Food products made from hemp are widely recognised as among the best plant-based protein resources available. The business world’s growing interest in the hemp plant’s primary resource for its paper may also herald improved prospects for growth within the sector as a whole. In addition, businesses have strengthened their financial footing and decreased overhead expenses by investing in more efficient production methods.
Market expansion may be hindered by a lack of necessary infrastructure.
The lack of a robust supporting infrastructure is a major issue for the worldwide hemp paper sector. While there is a fair amount of familiarity with the hemp plant, the hemp sector as a whole is only getting started. Commercial expansion of the hemp crop field, a distribution network for hemp-based products, and a deeper understanding of the plant itself are all topics that have yet to be thoroughly investigated. Because of this, more investment is necessary for the sector to realise its full potential.
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The Global Hemp Paper Market is segmented based on product, application and region.
Global Hemp Paper Market: Product Segment Analysis
● Industrial Grade
● Non-Industrial Grade
Global Hemp Paper Market: Application Segment Analysis
● Packaging & Printing
● Bible Paper
● Tea Bags
● Stationary
● Filter Paper
● Cigarette Paper
● Binding Papers
● Others
Recent Changes:
• German adhesive materials manufacturer VPF introduced a new line of hemp-based, self-adhering label stock in January 2022. The introduction was a joint effort between Gmund Papier and the company, and it represents an alternative to wooden-based papers. Using only European hemp fibre, this product boasts superior printability, a plush hand, and a more efficient wastepaper cycle.
• Hempacco Co., Inc., announced in February 2023 that it would be forming a relationship with Calvin Broadus, better known by his stage moniker “Snoop Dog,” to create a new line of consumer-packaged goods under the HPDG, LLC. Blunts, hemp paper, snacks, and vape pens are just some of the new products that will be available that are derived from hemp.
• Canna Essentials, a company that sells hemp-based health products in India, released the country’s first hemp iOS mobile application in November 2020.
The global hemp paper market is led by players like:
● Hemp Press
● Green Field Paper Company
● Canamo Papers
● Taima Corporation
● Hemp Age
● Hempline Inc.
● Paper Connection International
● The Hemp Cooperative
● Pure Hemp
● Hemp Heritage
● Bohemia Paper
● The Hemp Trading Company
● Hempzels
● EnviroTextiles
● Hemp Pulp & Paper GmbH
● Nature’s Paper
● GreenFiber International
● Tree Free Hemp
● Phoenix Pulp and Polymer
The fastest expansion will occur in North America.
North America is expected to be the fastest-growing region for the global hemp paper market over the next few years, led by the United States, Canada, and Mexico. Rising prosperity in the area can be attributed in large part to rising customer demand for sustainable solutions in the paper industry. When it comes to sustainable and ecologically responsible expansion, hemp paper can help the region’s shifting paper industry satisfy consumer expectations. The United States is also widely recognised as the world’s leading consumer of paper goods.
Efforts are being made to lessen the country’s reliance on unsustainable paper sources. Future projections may also be aided by the growing number of smaller studies that are investigating the potential health advantages of consuming hemp-based products like edibles, blunts, and other goods.
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