Exploring Top 10 Hemp Fiber Manufacturers in 2024

Author : Priyanka | June 17, 2024

The hemp fiber market is increasingly grabbing the attention of consumers and industry players by offering a broad range of hemp-based products for various sectors. From textiles and animal care to personal care products and food and beverages, hemp has become a key ingredient. The market is also gaining traction due to its sustainable and eco-friendly production process. In this blog, let's explore the significance of the market, the key factors, and the top 10 players driving market growth.

Importance of the Hemp Fiber Market

The hemp fiber market has been gaining significant importance in recent years. It shows a range of applications across various sectors. It is used in textiles, animal care, food and beverages, and personal care products. It is also used to produce cosmetics, paper, packaging, auto parts, and construction materials. According to Kings Research, the hemp fiber market was recorded at $7.55 billion in 2022 and is expected to reach a valuation of $73.55 billion by 2030, at a CAGR (compound annual growth rate) of 33.57% from 2023 to 2030.

The market is benefiting from rising environmental awareness. Hemp is a sustainable and environmentally friendly crop that can provide valuable raw materials for industrial applications. Its cultivation and processing have a lower environmental impact compared to other fibers. These fibers are known for their various properties, such as being hypoallergenic, resistant to ultraviolet radiation, and having high absorbency. They also possess good thermal and electrical properties, such as low static charge and high heat absorption. These all make them a key element, catering to the numerous needs of a wide range of sectors.

Is Hemp the Strongest Natural Fiber?

Hemp is renowned for its strength and durability, making it one of the strongest natural fibers. Its robust and sturdy composition surpasses that of many other fibers in terms of tensile strength. This plant fiber offers exceptional resistance to wear and tear, making it ideal for various applications. It has been used in textiles, ropes, and construction materials due to its high strength and resilience. As it is cultivated according to eco-friendly practices, it is considered a sustainable and reliable alternative to synthetic fibers in modern industrial processes.

Top 10 Hemp Fiber Market Companies in 2024

Below is an overview of the top 10 key players in the industry:

1. Canvaloop

Canvaloop is a major manufacturer that uses low-impact technology to transform agricultural and bast waste into textile-grade fibers and yarns. The company uses agro-waste such as hemp, banana, and pineapple to create socially inclusive, progressively viable materials and promote sustainability in the textile industry.

2. Cone Denim, LLC

Cone Denim LLC is another prominent company known for its innovations in hemp-based fiber in the textile industry. In 2022, the company launched a new U.S.-grown hemp denim collection in collaboration with BastCore. The collection features denim made with Alabama hemp and U.S. cotton and dyed with natural indigo grown in Tennessee. This offers many key benefits in creating sustainable denim, including water savings, no chemicals, biodegradability, and high carbon sequestration.

3. Delta Agriculture

Delta Agriculture is a major vendor in the global hemp fiber market. The company is aiming to make hemp the nation's leading raw goods supply source, ensuring America's trajectory toward a carbon-negative future. In 2021, the company launched its hemp fiber line, marking a transitional growth from a leader in hemp flower production into a full-scale industrial hemp supplier.

4. Ecofibre Ltd.

Ecofibre Ltd. is a leading company in the hemp fiber market. It is an Australia-based biotechnology company that produces and sells hemp-derived products to consumers and retailers in the United States and Australia. Its product range includes Ananda Food, Ananda Hemp, Ananda Professional, and Hemp Black.

5. Konoplex LLC

Konoplex LLC is a Russian agricultural product manufacturing company that produces industrial hemp and supports the research and breeding of new sorts of crops that can grow hemp. The company is known for manufacturing hemp ingredients, plant-based hemp proteins, hulled hemp seeds, hemp flour, toasted hemp seeds, organic and non-GMO options, and hemp oil.

6. Dun Agro Hemp Group

Dun Agro Hemp Group is a major vendor that sells hemp-based products to the textile market. The company is involved in the growing, marketing, selling, breeding, and manufacturing of hemp products. In September 2023, Dun Agro Hemp Group held a field day in rural Raymond, Minnesota, to educate local farmers about the growing American hemp industry and the potential of hemp in the area.

7. EnviroTextiles LLC

EnviroTextiles LLC is a pioneer in sustainable textiles, specializing in hemp fabric and various organic fibers. The company has a huge history of experience in developing, designing, and distributing natural fiber yarns, fabrics, finished products, and non-woven textiles. It is headquartered in Glenwood Springs, Colorado, U.S., and is known for its products for quality and sustainability.

8. Panda Biotech, LLC

Panda Biotech, LLC, is dedicated to advancing sustainable hemp production. In April 2023, the company collaborated with the Southern Ute Growth Fund to boost sustainable hemp production in the U.S. The collaboration aims to expand production facilities while focusing on developing sustainable solutions for the future.

9. Toyoshima & Co., Ltd.

Toyoshima & Co., Ltd. is a company that invested in FyberX, a prominent hemp fiber producer, through its venture capital fund. The company has also invested in FyberX, a company handling organic industrial hemp in Virginia, to develop sustainable natural fibers with low environmental impact.

10. Tiger Fiber

Tiger Fiber is a global manufacturer that is dedicated to providing regenerative hemp fiber that benefits farmers. These fibers also improve soil health, revitalize rural communities, and create opportunities in the textile industry. The company is committed to providing quality and reliability by ensuring a continuous supply of clean, pure hemp fibers for industry needs.

Key Players Fueling Market Growth

The hemp fiber market is poised for great growth due to the increasing demand for sustainable and eco-friendly materials. Leading companies in the industry are investing heavily in research and development to innovate new methods for manufacturing and purifying hemp fibers. These companies are also focusing on expanding their cultivation and processing capabilities to meet the rising demand. Additionally, they are partnering and collaborating to strengthen their market presence and expand their product offerings. These efforts of leading companies are driving the growth and development of the hemp fiber market.

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