According to a recent analysis by Global Market Vision, the size of the global industrial hemp market is anticipated to reach USD 16.65 billion by 2030, showing a CAGR of 16.5 percent over the projected period. Growing product demand from sectors like building materials, agriculture, textiles, personal care, recycling, furniture, food & beverage, and textiles is anticipated to drive market expansion.
The use of hemp in pharmaceuticals and dietary supplements is growing. The market demand for hemp products is being driven by the high nutritional value of hemp as well as its advantageous fatty acid and protein composition. The use of hemp oil in shampoos, soaps, lotions, bath gels, and other cosmetics also contributes to the expansion of the sector.
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About Industrial Hemp
Industrial hemp’s strong tensile, flexural, and strength-to-weight ratios make it a desirable component in bio-composites used in packaging, aerospace, automotive fiberboard, and automobile parts. Due to its advantageous acoustic and aesthetic qualities, the product is also becoming more and more in demand by the textile, paper, and building materials industries.
The market is anticipated to increase as a result of the rising demand for environmentally friendly building materials, fiberglass substitutes, thermal insulation, and automotive products. A beneficial effect on market expansion is anticipated from the rising demand for technical goods such as varnishes, oil paints, fuel, solvents, chainsaw lubricants, printing inks, putty, and coatings.
The Industrial Hemp Market report covers the various industry factors that have a direct impact on the market’s growth. The framework of the report was meticulously developed by a creative, enthusiastic, qualified, and experienced team of analysts, researchers, industry experts, and forecasters.
The research includes SWOT analysis, PESTLE analysis, predictive analysis, real-time analysis, revenue share, market size, competitive market scenario, market opportunities, and important strategies that key competitors have used to strengthen their presence in the international market, such as partnerships, cooperation, mergers, and acquisitions.
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Key Players Mentioned in the Global Industrial Hemp Market Research Report:
- Parkland Industrial Hemp Growers Cooperative Ltd. (PIHG)
- CBD Biotechnology Co., Ltd.
- Botanical Genetics, LLC
- Marijuana Company of America Inc.
- HempMedsBrasil
- Terra Tech Corp
- American Cannabis Company, Inc.
- HempFlax B.V.
- Industrial Hemp Manufacturing, LLC
- American Hemp
- Hemp, Inc.
- Boring Hemp Company
- Plains Industrial Hemp Processing Ltd.
- Ecofiber
- Valley Bio Ltd.
Segmentation of the Global Industrial Hemp Market:
Industrial Hemp Product Outlook:
- Seeds
- Fiber
- Shivs
Industrial Hemp Application Outlook:
- Animal Care
- Textiles
- Automotive
- Furniture
- Food & Beverages
- Paper
- Construction Materials
- Personal Care
- Others
SWOT analysis is used in the study to assess the top players of the industrial hemp market’s strengths and weaknesses. The research also provides a thorough analysis of the market’s drivers and restraints. Along with macroeconomic information, prevalent conditions, and market appeal with reference to various segments, the research also assesses trends seen in the parent market. The world market for industrial hemp has been split into the following geographic divisions so that the effects of different industry traits on the market segments and geographical areas can be predicted:
As a result of geographical factors, the global market for industrial hemp has been broken down into the following categories:
- North America includes the United States, Canada, and Mexico
- Europe includes Germany, France, UK, Italy, Spain
- South America includes Colombia, Argentina, Nigeria, and Chile
- The Asia Pacific includes Japan, China, Korea, India, Saudi Arabia, and Southeast Asia
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The Industrial Hemp research examines a number of important limitations, including item cost, production capacity, profit and loss data, and global market-influencing delivery and transportation routes. It also entails analyzing crucial components like Industrial Hemp market demands, trends, and product advancements, as well as various organizations and processes that have an impact on the global market.
Industrial Hemp Market Report 2022 – Aim
- To estimate the size of the global Industrial Hemp market by product category, application, and geographic location
- To understand the structure of the industrial hemp market by identifying its various subsegments
- To research the growth and future prospects of industrial hemp by particular manufacturers
- To research the Industrial Hemp market segment’s product overview, scope, revenue, sales status, and outlook
- To investigate the Industrial Hemp market’s manufacturing cost structure
- To comprehend upstream and downstream market analyses
- To comprehend the competitive environment and trends in the market
- Trends in Industry Development Under the COVID-19 Outbreak
Also read – Industrial Hemp Market To Reach $18.6 Billion By 2027: Market Research
Industrial Hemp Market Report 2022-Chapters
- Chapter 1 offers an overview of the market for industrial hemp, including global revenue and CAGR. This chapter also includes a prediction and analysis of the industrial hemp market by type, application, and geography.
- Chapter 2 discusses the market landscape and key players. Along with basic information about these players, it describes the competitive landscape and market concentration.
- Chapter 3 introduces the industrial hemp supply chain. This chapter analyses industrial chain analysis, raw materials (suppliers, pricing, supply and demand, market concentration rate), and downstream buyers.
- Chapter 4 focuses on manufacturing analysis, including cost structure analysis and process analysis, to provide an exhaustive examination of manufacturing costs.
- Chapter 5 offers comprehensive insights into market dynamics, the impact of COVID-19 on the industrial hemp industry, and an examination of customer behaviour.
- Chapter 6 includes a comprehensive study of the major actors in the industrial hemp business. A Business Overview is given along with the basic information, profiles, applications, and specifications of how items do on the market.
- Chapter 7 discusses the sales, revenue, price, and gross margin of industrial hemp in several regional marketplaces. This section analyses the sales, revenue, prices, and gross margin of the global market.
- Chapter 8 provides a global perspective on the industrial hemp market. It consists of sales, revenues, prices, market share, and growth rate by kind.
- Chapter 9 focuses on the application of industrial hemp.
- Chapter 10 forecasts the entire Industrial Hemp market, including global and regional sales and revenue forecasts. It also forecasts the market for industrial hemp by kind and application.
At the end of the Industrial Hemp Market research, all of the results and future predictions are given. In addition, it provides important drivers and opportunities, as well as a regional breakdown. Segment analysis also provides information regarding both kinds and applications.
Global Market Vision – A Quick Overview
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With our reports, you can confidently make strategic business decisions based on reliable and well-supported data. Our specialists can dispel any fears or uncertainties regarding the authenticity of our reports and assist you in distinguishing between reputable and less reliable information, thereby decreasing the risk associated with making decisions. We can help you make better decisions and make it more likely that you will reach your goals.
