Flax crop, also known as common flax or linseed, is a member of the family Linaceae. It is a well-known food and fiber crop that is cultivated in cooler regions across the world. Textiles made up of flax are popular in the Western countries as linen and primarily used for bed sheets, table linen, and underclothes. Oil produces from flax is known as linseed oil. Demand for flax crop is surging at a significant pace due to the growing demand for fiber and seeds rising from the textile, medical, and food industries. They are also gaining widespread popularity with their application in pet foods, omega-enriched food products, and flax oils, as a result of which, promising growth prospects for flax crop market has been forecasted.
MARKET DYNAMICS
The flax crop market has witnessed significant growth owing to factors such as wider application in industries including textile, paper, paints & coatings, medical, insulation, animal feed, food and beverage, and others. The fiber extracted from the flax crop is quite flexible, lustrous, and soft in nature as compared to the cotton fiber. Hence, it is widely used in linen stitching, carpets, fishing nets, and furniture. This fiber also makes an excellent raw material to be used in firefighting hose pipes, tissue papers, water bags, and knapsacks. Demand for high-quality bond papers is increasing among consumers, which is further driving the market growth for the flax crop. In addition to that, the growing demand for eco-friendly packaging among the packaging industries is opening up new opportunities for this market. The fiber obtained from flax crops serves as a desirable product for the development of packaging bags and bottles. Moreover, flax seeds are evolving as a superfood in the vegetarian and vegan diet, on account of their health-protective properties. A single serving of flax seeds is rich in essential vitamins, fibers, iron, and protein, fatty acids, and among others. However, climatic changes may hamper the cultivation of flax crop, which may further impact on the growth of the flax crop market. Nevertheless, with the steady growth in the food processing industry and agriculture industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Flax Crop Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the flax crop market with detailed market segmentation by application, type, and geography. The global flax crop market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading flax crop market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global flax crop market is segmented on the basis of application, and type. The flax crop market on the basis of the application is classified into textile, paper, paints and coatings, medical, insulation, animal feed, food and beverage, and others. On the basis of type, global flax crop market is bifurcated into seeds, stalk parts, and straw.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global flax crop market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The flax crop market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the flax crop market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the flax crop market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global flax crop market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from flax crop market are anticipated to lucrative growth opportunities in the future with the rising demand for flax crop in the global market. Below mentioned is the list of few companies engaged in the flax crop market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the flax crop market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Archer Daniels Midland Company
- Biolin Research Inc.
- Cargill Inc
- CHS Inc.
- Glanbia plc
- Grain Millers Inc.,
- Legumex Walker Inc.
- Linen of Desna LLC.
- Schweitzer-Mauduit International Inc.
- SunOpta Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.