MARKET ANALYSIS
Hemp paper is the paper produced from fiber or pulp of the hemp plant. Hemp paper made from hemp fiber tends to be brittle and rough. On the other hand, paper made from hemp pulp are softer. Hemp paper is the sustainable alternative to conventional paper made from wood. This paper consists of high quality, high durability, and utilizes less resources for manufacturing. Hemp paper is utilized in manufacturing industries for making rolling paper, canvas paper, currency, hygiene products, and other items.
GROWTH DRIVERS AND CHALLENGES
The growing demand for hemp paper in application industries across the globe has aided the hemp paper market growth in the past few years. Hemp is an extremely versatile and fast growing plant, and can be used to make clothing, textiles, plastics, paint, biofuel, food, and paper. Hemp paper is produced in a much similar way to regular paper but uses pulp from hemp plants rather than trees. Hemp is a much most suitable plant to produce paper, as it contains much higher percentages of cellulose. Cellulose is gives plants their structure, and higher a plant's cellulose content, the more suitable it is for paper production as less chemicals are needed to strip it down. Thus, the manufacturing of hemp paper is free from chemical processing. The major use of hemp paper is to create rolling paper. The unique characteristics of hemp such as additional strength and resilience to especially thin papers, makes it ideal to produce rolling papers, which are thin but relatively resistant. Further, the demand for recycling of paper in industries to meet the sustainable goals is the key parameter for rising demand of hemp paper. Hemp paper can be recycled 7 to 8 times, compared to wood pulp paper which can be recycled only 3 times. The hemp paper market is still at the development phase as wood paper market generating strong challenge in the paper industry. More than 80% of the world paper production is wood based creating huge dominance in the paper industry. Moreover, hemp cultivation is challenging in tropical and subtropical regions compared to those in high latitudes due to high temperature, humidity, and greater pest pressure. Thus, the hindrances in hemp cultivation can challenge the hemp paper market.
REPORT SEGMENTATION AND SCOPE
The "Global Hemp Paper Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global hemp paper market trends and growth opportunities. The report aims to provide an overview of the global hemp paper market with detailed market segmentation by source, application, and geography. The global hemp paper market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of hemp paper worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the hemp paper market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the hemp paper market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative hemp paper market opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global hemp paper market, which helps understand the entire supply chain and various factors affecting the market growth.
The global hemp paper market is segmented on the basis of type, material, and application. Based on type, the hemp paper market is segmented as, picket fencing, rail and post fencing, vertical board, and others. On the basis of material, the market is classified as, cedarwood, pinewood, redwood and others. The hemp paper market is categorized on the basis of application into, residential, commercial, agricultural, and others.
Based on type, the picket fence type accounted for a significant hemp paper market share which can be attributed to its popularity across the globe and wide availability. The picket type fences are mostly pointed at the top which discourages climbing thereby preventing trespassing. Vertical board segment has been growing in popularity owing to its ease of installation and availability in various designs. Moreover, they provide additional privacy as compared to other hemp paper styles that have gaps or spaces between two adjacent posts. Based on material, cedarwood accounted for a major hemp paper market share owing to various factors such as durability, low cost and the ability to complement different construction styles. Redwood has also been gaining immense popularity across the globe which can be attributed to the durability and visual appeal. It is also resistant to insects and rots. The demand for hemp paper in the residential segment is expected to grow significantly over the coming years owing to various factors such as increasing urbanization, rising migration activities and growing influence of nuclear households. This has increased the demand for residential construction, thereby propelling the adoption of hemp paper.
REGIONAL ANALYSIS
The report provides a detailed overview of the global hemp paper market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. North America is estimated to account for a significant hemp paper market share globally. Increasing preference of hemp paper among the population along with the growing demand for independent houses have positively contributed to the market growth in North America. Europe is also expected to witness considerable growth with the increasing influx of foreigners moving to Europe. This has increased the purchase of houses, thereby aiding the market growth. House prices in Europe witnessed a decline in the last quarter of 2022 as compared to the third quarter. Asia Pacific is also expected to be an attractive market for hemp paper during the forecast period, owing to the growing preference of wood in the construction industry and among the population.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnership, acquisitions and new product launches were found to be the major strategies adopted by the players operating in the global hemp paper market.
In July, 2022, Oldcastle APG acquired Barrette Outdoor Living, a fencing, railing and related product manufacturer in North America. Oldcastle APG aimed to strengthen its position in building products for the outdoor living portfolio.
In February, 2020, ITOCHU Corporation acquired Reichert Shake & Fencing Inc, the US-based wooden fence manufacturer, thereby enhancing the product portfolio and value chain.
IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
The covid-19 pandemic led to a decline in the progress of many industries across the globe. Shutdown of manufacturing plants and restricted trade across the globe led to supply chain constraints for the manufacturers across the globe. Wood fencing market experienced a slump during the pandemic owing to the limited trade of wood products across the globe. Many wood products used for hemp paper are imported from countries across the globe and this led to a limited availability of products. Moreover, construction activities also witnessed a decline during this period owing to the shortage of raw materials and limited supply of labor. However, in countries such as the US, many manufacturers and distributors started offering different species of hemp paper that were locally sourced and not traditional used for hemp paper in the country. This helped provided multiple options to the customers in different price points as they were not reliant on imports for the material. The customers also showed an interest in purchasing new strains of wood for hemp paper which helped mitigate the impacts of the pandemic on the hemp paper market. Therefore, the hemp paper market has recovered quite well from the aftermath of the pandemic and is expected to grow over the coming years.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Some of the key players operating in the hemp paper market include, FENZI SpA, Ferro Corporation, NIPSEA GROUP, Arkema, The Sherwin-Williams Company, The Hesse Companies, nano Care Deutschland AG, CCM GmbH, Apogee Enterprises, Inc., and Tribos Coatings (International) Ltd among others.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Hemp Paper Market - By Category
1.3.2 Hemp Paper Market - By Application
1.3.3 Hemp Paper Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEMP PAPER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. HEMP PAPER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HEMP PAPER MARKET - GLOBAL MARKET ANALYSIS
6.1. HEMP PAPER - GLOBAL MARKET OVERVIEW
6.2. HEMP PAPER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HEMP PAPER MARKET - REVENUE AND FORECASTS TO 2028 - CATEGORY
7.1. OVERVIEW
7.2. CATEGORY MARKET FORECASTS AND ANALYSIS
7.3. ORGANIC
7.3.1. Overview
7.3.2. Organic Market Forecast and Analysis
7.4. CONVENTIONAL
7.4.1. Overview
7.4.2. Conventional Market Forecast and Analysis
8. HEMP PAPER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. STATIONERY
8.3.1. Overview
8.3.2. Stationery Market Forecast and Analysis
8.4. FILTER PAPER
8.4.1. Overview
8.4.2. Filter Paper Market Forecast and Analysis
8.5. BANK NOTES
8.5.1. Overview
8.5.2. Bank Notes Market Forecast and Analysis
8.6. TEA BAGS
8.6.1. Overview
8.6.2. Tea Bags Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. HEMP PAPER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Hemp Paper Market Overview
9.1.2 North America Hemp Paper Market Forecasts and Analysis
9.1.3 North America Hemp Paper Market Forecasts and Analysis - By Category
9.1.4 North America Hemp Paper Market Forecasts and Analysis - By Application
9.1.5 North America Hemp Paper Market Forecasts and Analysis - By Countries
9.1.5.1 United States Hemp Paper Market
9.1.5.1.1 United States Hemp Paper Market by Category
9.1.5.1.2 United States Hemp Paper Market by Application
9.1.5.2 Canada Hemp Paper Market
9.1.5.2.1 Canada Hemp Paper Market by Category
9.1.5.2.2 Canada Hemp Paper Market by Application
9.1.5.3 Mexico Hemp Paper Market
9.1.5.3.1 Mexico Hemp Paper Market by Category
9.1.5.3.2 Mexico Hemp Paper Market by Application
9.2. EUROPE
9.2.1 Europe Hemp Paper Market Overview
9.2.2 Europe Hemp Paper Market Forecasts and Analysis
9.2.3 Europe Hemp Paper Market Forecasts and Analysis - By Category
9.2.4 Europe Hemp Paper Market Forecasts and Analysis - By Application
9.2.5 Europe Hemp Paper Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Hemp Paper Market
9.2.5.1.1 Germany Hemp Paper Market by Category
9.2.5.1.2 Germany Hemp Paper Market by Application
9.2.5.2 France Hemp Paper Market
9.2.5.2.1 France Hemp Paper Market by Category
9.2.5.2.2 France Hemp Paper Market by Application
9.2.5.3 Italy Hemp Paper Market
9.2.5.3.1 Italy Hemp Paper Market by Category
9.2.5.3.2 Italy Hemp Paper Market by Application
9.2.5.4 United Kingdom Hemp Paper Market
9.2.5.4.1 United Kingdom Hemp Paper Market by Category
9.2.5.4.2 United Kingdom Hemp Paper Market by Application
9.2.5.5 Russia Hemp Paper Market
9.2.5.5.1 Russia Hemp Paper Market by Category
9.2.5.5.2 Russia Hemp Paper Market by Application
9.2.5.6 Rest of Europe Hemp Paper Market
9.2.5.6.1 Rest of Europe Hemp Paper Market by Category
9.2.5.6.2 Rest of Europe Hemp Paper Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Hemp Paper Market Overview
9.3.2 Asia-Pacific Hemp Paper Market Forecasts and Analysis
9.3.3 Asia-Pacific Hemp Paper Market Forecasts and Analysis - By Category
9.3.4 Asia-Pacific Hemp Paper Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Hemp Paper Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Hemp Paper Market
9.3.5.1.1 Australia Hemp Paper Market by Category
9.3.5.1.2 Australia Hemp Paper Market by Application
9.3.5.2 China Hemp Paper Market
9.3.5.2.1 China Hemp Paper Market by Category
9.3.5.2.2 China Hemp Paper Market by Application
9.3.5.3 India Hemp Paper Market
9.3.5.3.1 India Hemp Paper Market by Category
9.3.5.3.2 India Hemp Paper Market by Application
9.3.5.4 Japan Hemp Paper Market
9.3.5.4.1 Japan Hemp Paper Market by Category
9.3.5.4.2 Japan Hemp Paper Market by Application
9.3.5.5 South Korea Hemp Paper Market
9.3.5.5.1 South Korea Hemp Paper Market by Category
9.3.5.5.2 South Korea Hemp Paper Market by Application
9.3.5.6 Rest of Asia-Pacific Hemp Paper Market
9.3.5.6.1 Rest of Asia-Pacific Hemp Paper Market by Category
9.3.5.6.2 Rest of Asia-Pacific Hemp Paper Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Hemp Paper Market Overview
9.4.2 Middle East and Africa Hemp Paper Market Forecasts and Analysis
9.4.3 Middle East and Africa Hemp Paper Market Forecasts and Analysis - By Category
9.4.4 Middle East and Africa Hemp Paper Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Hemp Paper Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Hemp Paper Market
9.4.5.1.1 South Africa Hemp Paper Market by Category
9.4.5.1.2 South Africa Hemp Paper Market by Application
9.4.5.2 Saudi Arabia Hemp Paper Market
9.4.5.2.1 Saudi Arabia Hemp Paper Market by Category
9.4.5.2.2 Saudi Arabia Hemp Paper Market by Application
9.4.5.3 U.A.E Hemp Paper Market
9.4.5.3.1 U.A.E Hemp Paper Market by Category
9.4.5.3.2 U.A.E Hemp Paper Market by Application
9.4.5.4 Rest of Middle East and Africa Hemp Paper Market
9.4.5.4.1 Rest of Middle East and Africa Hemp Paper Market by Category
9.4.5.4.2 Rest of Middle East and Africa Hemp Paper Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Hemp Paper Market Overview
9.5.2 South and Central America Hemp Paper Market Forecasts and Analysis
9.5.3 South and Central America Hemp Paper Market Forecasts and Analysis - By Category
9.5.4 South and Central America Hemp Paper Market Forecasts and Analysis - By Application
9.5.5 South and Central America Hemp Paper Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Hemp Paper Market
9.5.5.1.1 Brazil Hemp Paper Market by Category
9.5.5.1.2 Brazil Hemp Paper Market by Application
9.5.5.2 Argentina Hemp Paper Market
9.5.5.2.1 Argentina Hemp Paper Market by Category
9.5.5.2.2 Argentina Hemp Paper Market by Application
9.5.5.3 Rest of South and Central America Hemp Paper Market
9.5.5.3.1 Rest of South and Central America Hemp Paper Market by Category
9.5.5.3.2 Rest of South and Central America Hemp Paper Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HEMP PAPER MARKET, KEY COMPANY PROFILES
11.1. HUSSAIN HAND MADE PAPER
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GREENFIELD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. RAWGANIQUE USA
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LEGION PAPER
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. TREEFREEHEMP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PUREHEMP TECHNOLOGY LLC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. BLUECAT PAPER
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PLANETGREEN
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. HEMP FOUNDATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. OG HEMP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Hussain Hand Made Paper
2. Greenfield
3. Rawganique USA
4. Legion Paper
5. TreeFreeHemp
6. PureHemp Technology LLC
7. Bluecat Paper
8. Planetgreen
9. Hemp Foundation
10. OG HEMP
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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