The global hemp fiber market is projected to reach USD 825.0 million by 2036, increasing from USD 276.0 million in 2026 at a 11.2% CAGR between 2026 and 2036, according to Future Market Insights (FMI).
The market is gaining momentum as industrial buyers explore bio-based materials for applications including automotive composites, nonwoven textiles, insulation, sustainable construction,...
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