The two types of Flax Crops: One yielding Blue Flowers and other White. The Flax Crop Market deals with the huge variety of application of products of Linseed Plants (aka Flax Crop) such as Seeds, Straw, Fibers and Stalk. The major industries with these applications are Medical, Textile, Insulation and Food.
Plants with White Flowers produce Coarse and Strong Fibers compared to plants with Blue Flowers. Weed Control and Optimum Use of Fertilizers such as Nitrogen, Phosphorous and Potassium determines the yield of the Flax Crop. Benefits of flax oil, flax fiber, benefits of flax seed, growing awareness and adoption of flax seed nutrition are observed to be the leading market drivers of the global market.
A huge demand is being witnessed for flax crop with growing years due to the increasing health benefits from its consumption, with Textile and Plastic Industries are the most important segments in the Global Market. Thus according to the past records, the Flax Crop Market is forecasted to witness stronger growth over 2014-2020, suggests IndustryARC.
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In terms of cultivation of Flax Crop, China, Canada, Russia and Kazakhastan are the leading countries across the globe; with Canada being the largest producer in the world and supplies Flax to China and the U.S in major volumes.
In terms of accounting for the majority of the Demand, the U.S., China and European countries own the Global Flax Crop Market; with the Total U.S Flax Production being nearly $80 Million in 2012.
While Ukraine is in terms to increase its production substantially in the next 5 years, Belarus government already hopes the Linseed Market will touch $330 Million during the forecast period 2013-2015.
In terms of exporting Flax Plants, Russia bags the top one position and is not forecasted to fall anytime soon during the forecast years....