Global Hemp Hurd Market Size By Type (Sizes <=10mm , Sizes>10 mm), By Application (Construction, Animal Bedding, Gardening), Geographic Scope And Forecast

Report ID: 336641|No. of Pages: 202

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Global Hemp Hurd Market Size By Type (Sizes <=10mm , Sizes>10 mm), By Application (Construction, Animal Bedding, Gardening), Geographic Scope And Forecast

Report ID: 336641|Published Date: Feb 2024|No. of Pages: 202|Base Year for Estimate: 2022|Format:   Report available in PDF formatReport available in Excel Format

Hemp Hurd Market Size And Forecast

Hemp Hurd Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2022 to 2030.

Major factors driving the market growth include the rising demand for eco-friendly and sustainable building materials is driving the market growth. Hemp hurd is made from the woody core of the hemp hurd and is used as an alternative to traditional building materials such as concrete, plastic and fiberglass. The Global Hemp Hurd Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Hemp Hurd Market is estimated to grow at a CAGR of XX % & reach US$ XX Bn by the end of 2030

Global Hemp Hurd Market Definition

Hemp hurd refers to the woody part inside the hemp stalk. It is a byproduct produced when the outer fibers of the hemp plant are removed for various purposes, such as fiber manufacturing and CBD extraction. Hemp hurd has a fibrous texture and is lightweight and highly absorbent. It consists of the woody core inside the hemp stem and is rich in cellulose and lignin. The hemp plant is usually separated from the hemp stem by debarking. Hemp hurd are noted and used in various industries due to their desirable properties and eco-friendly qualities.

Hemp hurd can be mixed with lime and other binders to create hempcrete, a sustainable and insulating building material. Hemp cleats are used for wall insulation, flooring and other structural elements. Hemp hurd is suitable for animal bedding because it absorbs moisture well. Hemp hurds can be used as a soil conditioner or an ingredient in potting mixes. It improves soil moisture retention, aeration and drainage, promoting healthy plant growth.

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Global Hemp Hurd Market Overview

The primary factor driving the market growth is the rising demand for eco-friendly and sustainable building materials is driving the market growth. Hemp hurd is made from the woody core of the hemp hurd and is used as an alternative to traditional building materials such as concrete, plastic and fiberglass.

The hemp plant is a plant of the cannabis family. Stems and fruits are the two main parts of the plant used to manufacture products such as clothing, rope, paper, biofuels, insulation and food. Hemp seeds consist of long fibers that are cut into small pieces. It has many uses, including architecture, animal bedding, gardening, and composites. This growth is fueled by the increasing use of hemp seeds for various purposes and the legalization of cannabis in many countries worldwide. Also, the growing demand for composite materials in the construction and automotive industries, growing awareness of the benefits of hemp, and increasing investment in research and development. Due to its superior properties, Hemp fiber is gaining attention as an alternative to glass fiber in composites.

The construction industry increasingly turns to sustainable building practices to reduce carbon footprint and improve energy efficiency. Combined with lime and other binders, Hanfhirte offers an environmentally friendly alternative to conventional building materials. The growing demand for sustainable and energy-efficient buildings has increased the use of hemp fibers in hemp concrete and other building applications.

Global Hemp Hurd Market Segmentation Analysis

The Global Hemp Hurd Market is segmented on the basis of Type, Application, and Geography.

Hemp Hurd Market Segmentation Analysis

Hemp Hurd Market, By Type

  • Size <=10mm
  • Size >10 mm

On the basis of Type, the market is classified into Sizes <=10mm and Sizes>10 mm. The hemp hurds size is only 10 millimeters. This type of hurdle is commonly used in construction, animal litter, gardens and mixed-use. The construction application segment is projected to be the fastest-growing in the market. Size <=10mm is a type of hemp poop used in construction, pet bedding, gardening, and composites.

Hemp Hurd Market, By Application

  • Construction
  • Animal Bedding
  • Gardening
  • Composite Materials

On the basis of Application, the market is classified into Construction, Animal Bedding, Gardening, and Composite Materials. Hemp hurds can be used as a soil conditioner to improve soil quality. Due to the high organic matter content in hemp seeds, it improves the water-holding capacity and aeration of the soil. Additionally, hemp seeds’ nitrogen, phosphorus, potassium and other minerals help improve soil fertility. Additionally, the use of hurdles is the woody core of the hemp plant, also called a sieve. They are a byproduct of processing hemp into fiber and comprise approximately 65% ??cellulose and 35% lignin.

Hemp Hurd Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

basis of Geography The Global Hemp Hurd Market is segmented into North America, Europe, Asia Pacific, Rest of the World. The North American region holds a large number of shares in the market because of the growing demand for hemp in the region for various uses such as construction, animal bedding, and composites. The United States is expected to contribute significantly to the regional market’s growth.

Key Players

The “Global Hemp Hurd Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are NATŪRALUS PLUOÃ…Â TAS, SchÃÂnthaler, HempFlax, American Hemp, South Hemp Tecno, Sunstrand, Hemptopia, Plains Industrial Hemp Processing, and Colorado Cultivars.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Ace Matrix Analysis of Hemp Hurd Market

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Hemp Hurd Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Geographical Representation of Hemp Hurd Market

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Hemp Hurd Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Porter\'s Five Forces Framework of Hemp Hurd Market

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2019-2030

BASE YEAR

2022

FORECAST PERIOD

2023-2030

HISTORICAL PERIOD

2019-2021

KEY COMPANIES PROFILED

NATŪRALUS PLUOÃ…Â TAS, SchÃÂnthaler, HempFlax, American Hemp, South Hemp Tecno, Sunstrand, Hemptopia, Plains Industrial Hemp Processing, and Colorado Cultivars.

SEGMENTS COVERED
  • By Type
  • By Application
  • By Geography
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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
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Frequently Asked Questions

Major factors driving the market growth include the rising demand for eco-friendly and sustainable building materials is driving the market growth. 

The major players are NATŪRALUS PLUOÃ…Â TAS, SchÃÂnthaler, HempFlax, American Hemp, South Hemp Tecno, Sunstrand, Hemptopia, Plains Industrial Hemp Processing, and Colorado Cultivars.

The Global Hemp Hurd Market is Segmented on the Basis of Type, Application, And Geography.

The sample report for the Hemp Hurd Market can be obtained on demand from the website. Also, the 24*7 chat support &amp; direct call services are provided to procure the sample report.
1 INTRODUCTION OF THE GLOBAL HEMP HURD MARKET 1.1 Overview of the Market 1.2 Scope of Report 1.3 Assumptions 2 EXECUTIVE SUMMARY 3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH 3.1 Data Mining 3.2 Validation 3.3 Primary Interviews 3.4 List of Data Sources 4 GLOBAL HEMP HURD MARKET OUTLOOK 4.1 Overview 4.2 Market Dynamics 4.2.1 Drivers 4.2.2 Restraints 4.2.3 Opportunities 4.3 Porters Five Force Model 4.4 Value Chain Analysis 5 GLOBAL HEMP HURD MARKET, BY TYPE 5.1 Overview 5.2 Size <=10mm 5.3 Size >10 mm 6 GLOBAL HEMP HURD MARKET, BY APPLICATION 6.1 Overview 6.2 Construction 6.3 Animal Bedding 6.4 Gardening 6.5 Composite Materials 7 GLOBAL HEMP HURD MARKET, BY GEOGRAPHY 7.1 Overview 7.2 North America 7.2.1 U.S. 7.2.2 Canada 7.2.3 Mexico 7.3 Europe 7.3.1 Germany 7.3.2 U.K. 7.3.3 France 7.3.4 Rest of Europe 7.4 Asia Pacific 7.4.1 China 7.4.2 Japan 7.4.3 India 7.4.4 Rest of Asia Pacific 7.5 Rest of the World 7.5.1 Latin America 7.5.2 Middle East and Africa 8 GLOBAL HEMP HURD MARKET COMPETITIVE LANDSCAPE 8.1 Overview 8.2 Company Market Ranking 8.3 Key Development Strategies 9 COMPANY PROFILES 9.1 NATŪRALUS PLUOÃ…Â TAS 9.1.1 Overview 9.1.2 Financial Performance 9.1.3 Product Outlook 9.1.4 Key Developments 9.2 SchÃÂnthaler 9.2.1 Overview 9.2.2 Financial Performance 9.2.3 Product Outlook 9.2.4 Key Developments 9.3 HempFlax 9.3.1 Overview 9.3.2 Financial Performance 9.3.3 Product Outlook 9.3.4 Key Developments 9.4 American Hemp 9.4.1 Overview 9.4.2 Financial Performance 9.4.3 Product Outlook 9.4.4 Key Developments 9.5 South Hemp Tecno 9.5.1 Overview 9.5.2 Financial Performance 9.5.3 Product Outlook 9.5.4 Key Developments 9.6 Sunstrand 9.6.1 Overview 9.6.2 Financial Performance 9.6.3 Product Outlook 9.6.4 Key Development 9.7 Hemptopia 9.7.1 Overview 9.7.2 Financial Performance 9.7.3 Product Outlook 9.7.4 Key Developments 9.8 Plains Industrial Hemp Processing 9.8.1 Overview 9.8.2 Financial Performance 9.8.3 Product Outlook 9.8.4 Key Development 9.9 Colorado Cultivars 9.9.1 Overview 9.9.2 Financial Performance 9.9.3 Product Outlook 10 KEY DEVELOPMENTS 10.1 Product Launches/Developments 10.2 Mergers and Acquisitions 10.3 Business Expansions 10.4 Partnerships and Collaborations 11 Appendix 11.1 Related Research

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Hemp Hurd Market

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