Hemp paper exclusively produced from the pulp obtained from fibers of the industrial hemp. This product mainly utilized in stationery, filter paper, bank notes, tea bags, and for other application. Hemp pulp deliver a four to five times longer fiber as compared to wood pulp. Also it provide a lower lignin fraction along with a higher tear resistance as well as tensile strength. Paper industry is further embracing hemp pulp to produce paper, since the production cost for paper making from wood pulp is much higher due to fluctuating price and availability of raw material.
The "Global Hemp Paper Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hemp paper market with detailed market segmentation by category, application, and geography. The report provides key statistics on the market status of the leading hemp paper market players and offers key trends and opportunities in the market.
Based on category, the global hemp paper market is segmented into organic and conventional.
Based on application, the market is bifurcated into stationery, filter paper, bank notes, tea bags, and others.
MARKET DYNAMICS Drivers
Surging demand for various application such as stationery, filter paper, bank notes, tea bags, and others.
Hemp paper can be recycled up to 8 times as compared to 3 times for paper made of wood pulp.
In hemp paper production, the use of toxic bleaching is not needed, which offer environmental benefits
Hemp plant has faster crop yield, which takes over 3-4 months for hemp stalks to reach maturity, however trees need about 20 to 80 years to reach the fullest growth.
Restriction of using hemp products in some of the countries
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The hemp paper market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hemp paper market in these regions.
IMPACT OF COVID-19 ON HEMP PAPER MARKET
As of May 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting the business collaborations as well as partnerships opportunities.
As the entire world turned to lockdowns to support and stop the spread of the coronavirus, the paper industry has also suffered due to this pandemic situation. For different types of papers, at the initial stage of the lockdown, demand has been declined. Even in such places where the pandemic has fewer substantial effects, most of the factories have had to close at least for a couple of weeks. Another consequence of this pandemic, the widespread travel bans as well as import/export restrictions, have further impacted the way that paper companies have been able to manage their clients. However, as soon as other companies started their operation, again, this hemp paper industry is managing to stay in balance since this paper goes for stationery, filter paper, bank notes, tea bags, and others in several end-use industries. This hike in demand further allowed some companies along with factories to keep their doors open even with significant safeguards, some control measures, and restrictions.
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The report covers key developments in the hemp paper market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hemp paper market are anticipated to lucrative growth opportunities in the future with the rising demand for hemp paper in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hemp paper market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Green Field Paper Company
Hussain Hand Made Paper
PureHemp Technology LLC
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. Hussain Hand Made Paper
3. Rawganique USA
4. Legion Paper
6. PureHemp Technology LLC
7. Bluecat Paper
9. Hemp Foundation
10. OG HEMP