Flax Crop Market – Global Industry Analysis and Forecast (2023-2029)

The Flax Crop Market was valued US$ 670.8 Mn in 2022 and is expected to grow around US$ 1455.38 Mn by 2029, at a CAGR of around 11.7 % during the forecast period.

Flax , recognized as linseed, is a crop mostly cultured in the chiller regions of the world. Flax plants have two types, one which yields blue flowers and the second-one which yields white flowers. Plants with white flowers produce rough and strong fibers compared to plants with blue flowers. Products of the flax crop, containing seeds, straw, fibers, and stalk, are used in several industries like medical, textile, and food. Weed control and optimum use of fertilizers, for example, Nitrogen, Phosphorous, and Potassium determine the yield of the crop.To know about the Research Methodology :- Request Free Sample Report

The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.

The  market has seen substantial growth, on account of factors, such as varied applications in industries including textile, paper, paints & coatings, medical, animal feed, food & beverage, and others. The fiber extracted from the  is relatively flexible, shiny, and soft as associated with the cotton fiber. Therefore, it is generally used in linen stitching, carpets, fishing nets, and furniture. This fiber also makes an outstanding raw material to be used in firefighting hosepipe, tissue papers, water bags, and knapsacks. Demand for superior bond papers is increasing among consumers, which is supplementary driving the market growth for the flax crop. As well as, the demand for biodegradable packaging among the packaging industries is opening up new opportunities for the  market.

On the other hand, climatic changes may hinder the cultivation of flax crops, which may negatively influence the growth of the crop market.

By application, the textile segment expected to hold the largest market share of the global market by 2029. This is mainly, because of textiles made from flax plants are recognized as linen, which is mostly designed for bed sheets, table linen, and under-garments.
Region-wise, North America held significant revenue in the global crop market in 2022, this is because of the advanced existence of crop producers in the region. In North America, the country like, U.S. is the most productive market for flax crops.

The objective of the report is to present a comprehensive analysis of the Global Flax Crop Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global  Market dynamics, structure by analyzing the market segments and project the Global Crop Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Flax Crop Market make the report investor’s guide.
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Flax Crop Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 670.8 Mn.


Forecast Period 2023 to 2029 CAGR:
11.7%
Market Size in 2029:
US $ 1455.38  Mn.


 Segments Covered:
by Product
Seeds
Stalk Parts
Straw


by Application
Textile
Paper
Paints and Coatings
Medical
Insulation
Animal Feed
Food and Beverage
Others


by Form
Flax Seed Oil
Ground Flax Seed
Whole Flax Seed



Flax Crop Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Key Players are:
1.Legumex Walker Inc.
2.Biolin Research Inc.
3.Cargill Inc.
4.Glanbia plc
5.Archer Daniels Midland Company
6.SunOpta Inc.
7.Grain Millers Inc.
8.Linen of Desna LLC.
9.CHS Inc.
10.Schweitzer-Mauduit International Inc.
11.SWM INTL
12.FIT
13.CBM
14.Meyenberg
15.Kabrita
16.MilkGoat
17.Guanshan
18.Red Star
19.Avh Dairy
20.Australian Nature Dairy
21.One Degree Organic Foods

Frequently Asked questions

1. What is the market size of the Global Flax Crop Market in 2022?
Ans. The market size Global Market in 2022 was US$ 670.8 Million.

2. What are the different segments of the Global Flax Crop Market?
Ans. The Global Flax Crop Market  is divided into Product, Form and Application.

3. What is the study period of this market?
Ans. The Global Flax Crop Market will be studied from 2022 to 2029.

4. Which region is expected to hold the highest Global Flax Crop Market share?
Ans. The Asia Pacific dominates the market share in the  market.

5. What  is the Forecast Period of Global Flax Crop Market?
Ans. The Forecast Period of the market is 2023-2029 in the market.