Hemp Paper Market Size, Trending Growth, Share, Analysis, 2030

Industry Prospective:

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. The report analyzes the global hemp paper market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the hemp paper industry.

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Hemp Paper Market: Overview

Hemp paper is paper made out of the fibers of the hemp plant. It is a strain of the plant species called the Cannabis sativa. The fibers obtained from the hemp plant are highly durable which makes the derived product an ideal option in the paper production sector. Hemp papers have been used for a variety of purposes for thousands of years. Its applications, as per studies, date back to ancient Egypt and China. As per scientific conclusions and research studies, some of the recently discovered oldest surviving paper-based artifacts are made of hemp paper. In modern times, it is increasingly gaining popularity as a more sustainable alternative to other forms of traditional paper that are made from trees.

Key Insights:

• As per the analysis shared by our research analyst, the global hemp paper market is estimated to grow annually at a CAGR of around 16.09% over the forecast period (2023-2030)
• In terms of revenue, the global hemp paper market size was valued at around USD 510.39 million in 2022 and is projected to reach USD 1,683.94 million, by 2030.
• The hemp paper market is projected to grow at a significant rate due to the growing emphasis on sustainability
• Based on type segmentation, the industrial grade was predicted to show maximum market share in the year 2022
• Based on source segmentation, conventional was the leading source in 2022
• On the basis of region, North America was the leading revenue generator in 2022

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Hemp Paper Market: Growth Drivers

Increasing emphasis on sustainability to drive market growth

The global hemp paper market is projected to witness a high growth rate mainly due to the greater emphasis on sustainable growth across industries including the paper sector. Hemp, the original crop used to prepare the derived paper, is a highly sustainable crop since it grows without the external assistance of herbicides or pesticides. Furthermore, its water requirement is far less than compared to traditional plant-based papers. As consumers become more aware of the current environmental situations due to irresponsible consumption patterns including non-sustainable growth such as the use of traditional paper which leads to deforestation and soil erosion, the demand for hemp-based paper is expected to witness a high growth rate.

Hemp Paper Market: Restraints

Limited availability to restrict market growth

Although all of the properties associated with the hemp plant and the paper are directed toward positive outcomes, the global hemp paper industry deals with a limited supply of hemp fiber. It is a major cause of concern in the commercial sector since hemp fiber does not enjoy the same kind of ready availability as traditional paper made from wood pulp. The hemp plant grows in many parts of the world but currently, it is not a widely cultivated crop which impacts the availability of its fiber.

Hemp Paper Market: Opportunities

Growing investment in hemp-based products to provide growth opportunities

The global hemp paper industry is projected to witness higher growth opportunities owing to the increasing investment across the globe toward hemp-based products. The plant has several other benefits apart from using it to produce paper. Hemp-based nutritional items are known to be excellent sources of plant-derived proteins. With the rising curiosity of the commercial world in the hemp plant, the main resource for its paper could lead to better opportunities for expansion in the industry as well. In addition to this, by investing in better production processes, industries have improved their profit base and reduced additional costs.

Hemp Paper Market: Challenges

Limited supporting infrastructure to challenge market growth

One of the key challenges faced by the global hemp paper industry players is the absence of adequate supporting infrastructure. The hemp industry, in general, is currently in its early stages even though the plant itself has enjoyed a sufficient rate of awareness. However, other areas such as commercial development of the hemp crop field, the supply chain for the derived products, and more information on the plant itself are still relatively unexplored. This means that the industry requires more resources to ensure that it can reach its true potential.

Hemp Paper Market: Segmentation

The global hemp paper market is segmented based on type, application, source, and region.

Based on type, the global market segments are industrial grade and non-industrial grade. The hemp paper market witnessed the highest growth in the industrial-grade segment in 2022 since it is the most common type of hemp paper used worldwide. This version of the paper is made from the inner bark, also known as bast fiber, of the hemp plant. They are stronger and longer fibers making them a preferred choice in the plant industry. Industrial-grade hemp paper is known to be more durable and it can also be used for wider applications such as packaging and currency, amongst many other uses. On the other hand, non-industrial grade hemp paper is made out of weaker and shorter fibers of the hemp plant and can result in lower-quality paper products. As per the United Nations Office on Drugs and Crime, the global production of hemp in 2020 increased by 30%.

Based on application, the global hemp paper market segments are packaging & printing, bible paper, tea bags, stationary, filter paper, cigarette paper, binding, and others.

Based on source, the global hemp paper market segments are conventional and organic. Currently, the most common source of hemp paper is conventional hemp. It is produced using traditional agricultural measures and practices and sometimes involves the use of synthetic fertilizers and pesticides. However, the demand for organic hemp papers has grown over the years due to organic farming being practiced in the cultivation of this version of hemp paper. Organic hemp paper is known to be more sustainable and environmentally friendly when compared to conventional hemp paper. It is also known to promote soil health, and biodiversity, and reduces the use of harmful chemicals. The FAO estimated that the annual rate of soil erosion globally is close to 24 billion tons.

Recent Developments:

• In January 2022, VPF, a Germany-based adhesive materials company, announced the launch of a new range of self-adhering label stock which is made of 100% hemp fiber. The launch was in cooperation with Gmund Papier and is an alternative to traditional papers made out of wood. The hemp is made using pure European hemp fiber and offers excellent printability, a soft feel, and an improved wastepaper cycle
• In February 2023, Hempacco Co, Inc. announced a partnership with the world-famous celebrity Calvin Broadus with the stage name “Snoop Dog” aiming to develop a line of consumer-packaged goods under the new company called the HPDG, LLC. The new products will include smokable hemp-based products such as blunts, hemp paper, edibles, and vapes
• In November 2020, Canna Essentials announced the launch of India’s first hemp iOS mobile application for its existing consumers that consume hemp-based health items

Hemp Paper Market: Report Scope

Hemp Paper Market: Regional Analysis

North America to witness the highest growth

The global hemp paper market is projected to witness the highest growth in North America with the US, Canada, and Mexico acting as the largest contributors. One of the major reasons for higher growth in the region is the increasing demand for change in the paper industry with more consumers expecting sustainable solutions. Hemp paper can provide the changing regional paper industry to meet consumer expectations in terms of sustainable and environmentally friendly growth.

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Moreover, the US is considered to be the largest consumer of paper-based products across the globe. The country is working toward reducing its dependence on unsustainable forms of paper procurement. In addition to this, the increasing rise of smaller papers that are working toward exploring the benefits of using hemp-based products such as edibles, blunts, and other items could also contribute significantly to the future forecast.

Hemp Paper Market: Competitive Analysis

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
• HempFlax
• Sana Hemp Juice
• Hemp Business Journal
• Bambu Rolling Papers. Natural Value Initiative
• Rawganique.

The global hemp paper market is segmented as follows:

By Type

• Industrial Grade
• Non-Industrial Grade

By Application

• Packaging & Printing
• Bible Paper
• Tea Bags
• Stationary
• Filter Paper
• Cigarette Paper
• Binding Papers
• Others

By Source

• Conventional
• Organic

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa