THE GLOBAL HEMP FIBRE INDUSTRY :
The hemp fibre industry is very fragmented with a scattering of small companies and a few larger companies , mostly in textiles : China is the world-leading producer of hemp , with a focus on servicing the textile industry . Companies include : 1 . Shanxi Greenland
Textile 2 . Shenyangbeijiang
Europe is an important production area . Fibre is produced in France , Netherlands , Germany , UK , Italy , Romania , with its main use in pulp & paper , horse bedding and composite materials . Russia and Ukraine are also important providers of hemp products , and the main use is in the textile industry .
Major players are : 1 . Hemp Flax – growing
3,500 hectares in 2020 2 . BAFA in Germany 3 . Cavac Biomateriaux- France - construction and insulation
4 . Cavvas Textiles- Romania - with offices in all the EU countries
5 . Dun Agro Group- Netherlands - construction materials
USA Companies include :
1 . American Hemp - N Carolina-animal bedding 2 . Hempline – Delaware 3 . Hemp Inc - Nevada
Investor Report Industrial Hemp Sector New Zealand ’ s New Export Opportunity 2020
INVESTMENT VISION FOR HEMP FIBRE
Panda Biotech is a company in Texas which has been analysing the investment prospects for the hemp fibre industry . Scott Evans , executive vice president of Panda Biotech said in December 2019 :
“ After more than a year of due diligence - which has included an analysis of the hemp fibre and cellulose industries in the People ’ s Republic of China , various European countries and Canada - we have concluded that the processing of hemp stalk for industrial uses will be the next multibillion-dollar business in the United States . Hemp fibre and cellulose will help manufacturers meet the needs of today ’ s ecoconscious consumers who increasingly require environmentally friendly products and services . As a result , hemp will be a game changer for both agriculture and industry for generations to come .”
Panda Biotech in Texas has plans to construct the largest industrial hemp processing facility for fibre and cellulose in the United States . A facility to produce high-quality , textile-grade fibre and premium cellulose .
Panda Biotech believes that : “ Industrial hemp used for manufacturing applications is highly valued for its natural durability , rapid growth and environmental sustainability .
The processed fibre and cellulose from industrial hemp can be used in the production of a multitude of products including textiles , a wide array of building materials , paper products , automobile composites , nanomaterials , bioplastics and finishing products such as caulking , sealants , varnishes and paints .
GROWTH FORECAST
• The reliability of worldwide hemp fibre sales data is challenging due to different data sets . However , analysts expect hemp fibre sales to outstrip hemp seed and oil sales in the US by 2024 .
• Fibre sales are expected to range between US $ 260- 700 million by 2024 ,
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