Innovations in decorticator machines are diversifying the consumer base, spurred by growing demand for biomass energy and bio-based products. This focus on fiber processing is boosting market growth and profitability for manufacturers.
NEWARK, DE / ACCESSWIRE / August 26, 2024 / According to a Future Market Insights (FMI), the decorticator machine market is expected to reach USD 2,907.70 Million in 2024 and grow to USD 5,061.70 Million by 2034, reflecting a CAGR of 5.70% through 2034. The expansion of the cannabis industry due to legalization in several regions has increased the demand for decorticator machines to process hemp and cannabis fibers for various applications, including medical research. Technological advancements in fiber processing and extraction techniques have improved the efficiency and output of fiber decortication equipment, leading to increased production for manufacturers integrating natural fibers into their products.
Shift toward sustainable and eco-friendly materials has driven the demand for natural fiber processing, particularly from sources such as hemp and jute, to meet the growing preference for sustainable materials. The increasing focus on biomass utilization for energy production and bio-based products has also contributed to the demand for decorticator machines, as they are capable of processing biomass materials for various applications.
Despite global expansion, several factors impact the growth of the decorticator market. These include the increasing demand for vegetal natural fibers in industries such as textiles, automotive, and construction, which drives the need for efficient and high-capacity decortication equipment. However, the cost of advanced machinery and the energy consumption associated with high-powered motors impact overall production costs. Additionally, the bulky nature and limited versatility of traditional decorticator machines also counteract market growth.
Decorticators are crucial for the initial processing of agricultural materials, particularly in the agriculture industry, where machine-operated decorticators lead due to their ability to enhance efficiency, throughput, and consistency in fiber extraction processes. By offering control and automation, machine-operated decorticators increase productivity and reduce labor costs, making them the leading operation type in the market.
"The decorticator machine market is expected to grow steadily due to increasing demand for efficient fiber extraction across various industries. Technological advancements and the emphasis on sustainable production methods will further drive market expansion" - opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
Key Takeaways from the Market Study:
Machine-operated decorticators are heightened, with a market share of 45.50% for 2024.
With a market share of 59.70% for 2024, the agriculture sector holds the market share in the decorticator machine market.
The market in South Korea has the potential to increase 6.10% CAGR through 2034.
The market in Japan is projected to inflate at a CAGR of 5.50% through 2034.
The market in Canada is predicted to rise at a 5.30% CAGR through 2034.
The market in the United States is estimated to rise at a 5.1% CAGR through 2034.
The market in China is anticipated to develop at a CAGR of 4.80% through 2034.
Competitive Landscape:
Market players in HempFlax Group, Temafa GmbH, Global Hemp Group Inc., AG Hemp Processing, Bish Enterprises, Laboy Glass, Qingdao Hj Hmphn Co. Ltd., and Bast Fibers LLC. Ongoing development and mergers have greatly impacted the decortication equipment market. The sustainability trends and usage in various industrial sectors have hyped the market growth.
Recent Developments:
In September 2022, BARI scientists developed a jute decorticator machine, celebrated in a workshop for its collaboration and innovation.
In February 2022, a novel decorticator technology was introduced in Karnataka, supported by the Ministry of Science and Technology.
Dive Into Comprehensive Report Details for a Competitive Edge! https://www.futuremarketinsights.com/reports/decorticator-machine-market
Key Players in the Industry:
HempFlax Group
Temafa GmbH
Global Hemp Group Inc.
AG Hemp Processing
Bish Enterprises
Laboy Glass
Qingdao Hj Hmphn Co. Ltd.
Bast Fibers LLC
Formation Ag
Fives Group
Sandvik AB
Canopy Growth Corporation
KIRK-OTHMER Encyclopedia of Chemical Technology
Saskatchewan Hemp Association
ENTEXS GmbH
New Holland Agriculture
Dion Engineering
CROWN Iron Works
Zhengzhou Taizy Machinery Co., Ltd.
Hemp Processing Solutions
Decorticator Machine Market Segmentation Analysis:
By Operation Type:
Hand-operated
Machine-operated
By Output Capacity:
Below 100 Kg/Hr
100 Kg/Hr-500 Kg/Hr
500Kg/Hr-1000Kg/Hr
Above 1000Kg/Hr
By Application:
Fiber Extraction
Hurd Processing
Others
By End-User Industry:
Agriculture
Textile
Biofuel Production
Others
By Region:
North America
Latin America
Asia Pacific
Middle East and Africa (MEA)
Europe
About the Industrial Automation Domain at Future Market Insights:
The Industrial Automation team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
Authored by:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain:
The global barcode printers and consumables industry is forecasted to be valued at USD 7,881.1 Million by 2033.
The global stationary battery storage market size is projected to attain valuation of USD 304211.4 Million by 2034.
The barrier system market revenue share in forecasted to cross USD 34 Billion by 2034.
The global aluminium ion battery market revenue is anticipated to exceed USD 9 Billion by the end of 2033.
The global aircraft sequencing system market analysis suggests that the industry is likely to hold a valuation of USD 10.94 Billion by 2032.
The global silicon anode battery market share is anticipated to surge past USD 131.6 Billion valuation in 2033.
The global stone-cutting saw blades market share is forecasted to be valued at USD 1.7 Billion in 2033.
The global absorbent glass mat (AGM) battery industry is estimated to be valued at USD 18 Billion by 2032 end.
The global stainless steel control valve sales is expected to grow at an average CAGR of 5.9% from 2023 to 2033.
The global industrial battery chargers market valuation is estimated to reach USD 3.67 Billion by 2028 end.
About Future Market Insights (FMI):
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
SOURCE: Future Market Insights, Inc.
View the original press release on accesswire.com
