Global Industrial Hemp Market Overview

The Global Industrial Hemp Market was estimated at USD 4.43 billion in 2021, and is projected to reach USD 15.69 billion by 2028, growing at a CAGR of 19.8%.

Industrial Hemp plant is a stout, annual, aromatic herb cultivated for its best fibre and edible seeds. The plant is strong, tough, and long-lasting and is mostly used for cordage, e.g., twine, rope, yarn, cable, string, and artificial sponges. Numerous goods, including insulation and building materials, paper, textiles, fibreglass, nutraceuticals, personal care items, bio-plastics, and biofuel are processed from industrial hemp. Without the use of harmful chemicals, herbicides, pesticides, or fertilisers, it is primarily cultivated for food and beverage production as well as non-food-based items. Industrial hemp offers a renewable and environmentally benign raw material for the production of many products, including plastic, paper, and fuel. More than 30 nations worldwide authorise the production of industrial hemp. Industrial hemp is mostly produced in China, France, and Canada, with the United States serving as a major importer. Since industrial hemp is frequently mistaken for the marijuana plant, it is illegal to grow it in many nations, including the majority of the United States. But many nations are legalising industrial hemp due to growing public awareness and increased demand from uses in several industries. Thus, multiple benefits and rising awareness of the product benefits of industrial hemp further assist the demand of industrial hemp market over the projected years.

Market Dynamics Of Industrial Hemp Market

Drivers:

Increasing Applications and Legalization Boosting the Market Growth

Industrial hemp is mostly cultivated for fibre for the paper and textile industry. The low prices of easily as well as commonly acquired hemp as compared to various organic sources and their increasing application in material and construction, furniture and automotive industries are the factors that are expected to drive the hemp market in the forecasted years. Hemp fibre is estimated to continue its utilization in new areas including paper, insulation materials, home furnishing, construction materials, composites, and auto parts. Increasing consumer awareness regarding the health benefits of consuming hemp-based products is also driving the market. The industrial hemp market was presided over by the food sector owing to the vast application of hemp seed oil and hemp seeds, due to their rich protein, vitamin, and omega-3 fatty acid.

Due to the legalisation of industrial hemp cultivation in the US, the production of oilseeds and cannabidiol (CBD), a non-intoxicating cannabinoid that can be use in the food and medicinal industries, which has taken centre stage in North America. In addition to being a common nutritional supplement, CBD is also a crucial component of many medicinal and beauty goods. As a result, the usage of CBD hemp oil in dietary supplements and the pharmaceutical sector is progressively becoming more widespread and anticipated to propel the industrial hemp market's expansion in the upcoming years.

Restraints:

Strict Government Policies and Guidelines

The Food and Drug Administration (FDA) and the Department of Agriculture announced a joint statement that provides the details of the guidelines for development and growth of industrial hemp as part of research programs which are state-sanctioned. The guidelines in the joint statement stated that the industrial hemp can only be purchased or sold in states that possess pilot programs. It also stated that the seeds and plants can only cross state borders or state lines as part of authorized state research programs, and the hemp seeds can only be shipped by the individuals who have been registered with the DEA. Furthermore, stringent approvals procedures for the new product launches from the government is also one of the factors which is restraining the market growth.

Opportunity:

Beneficial Use in Various Industries and Rising Demand in Pharmaceutical Sector

The rising demand for Industrial hemp from various pharmaceutical industry, due to the medicinal and useful properties of the hemp seed oil and hemp fiber is likely to sustain the market in the upcoming years. Industrial hemp been rich in essential medicinal properties that can cure many chronic pains, sleep disorders, and can reduce pain cause by many reasons which creates an opportunity to expand in the pharmaceutical industries. Furthermore, industrial hemp is growing rapidly as it possesses many characteristic properties that can be utilized well in many industries on a large scale. However, rising demand for the beneficial usage of the industrial hemp product in textiles, paper making, biodegradable plastics, construction, health food, and fuel is expected to provide tremendous growth opportunities in the upcoming years.

Challenges:

Difficulty in Finding Current Market Information and Rising Competition.

Due to industrial market was highly scattered, in which certain determined factors are the key obstacle in quickly evolving business. Lack of information on the number, size, and location of farmers, customers, and rival are some of the challenges faced by new entrants.  For instance, In United Stated processors frequently struggled to locate supplies of hemp while growers frequently battled to find a customer for their product. The amount of depth and definitions of the data gathered, as well as the focus of the documented economic statistics on fees levied by State programmes and employment levels of the pilot programmes, differ greatly from State to State. Therefore, on point and free information to start of expansion of industrial hemp business is a major challenge for the market.

Market Segmentation Of Industrial Hemp Market

By Product Type, the hemp fibre segment is estimated to dominate the market. Hemp fiber is mostly used in the pulp and paper as well as textile industry, owing to its long and robust fibers when compared to cotton.  As one of the sturdiest and most long-lasting organic fibres now on the market, hemp is a great material for outerwear. Even more than cotton, hemp clothing is reported to have three times the tensile strength. The strength of hemp fibres is retained while providing the comfort of softer, more refined textiles thanks to its ease of blending with other fibres to create hemp-hybrid materials. Hemp is a fantastic material for anyone searching for durable clothing since it has been grown since the dawn of agriculture. Additionally, growing hemp for use in fabric has only a minor negative impact on the environment. It is therefore perfect for individuals who are interested in living sustainably.  Therefore, Hemp Fibre likely to dominate the segment and propel the growth of industrial hemp market.

By Application, the food segment is estimated to dominate the industrial hemp market during the forecasted period owing to the wide range of applications of hemp seeds and hemp seed oil, because of their rich protein, vitamin and omega-3 fatty acid content. Hemp seeds being used as a topping in cereals, smoothies, and yogurt or are consumed raw, are the major applications which are impacting for the rapid growth. In food and beverage sector, CBD oil and related products generating high demand in last few years as consumption of CBD oil for muscle relaxant, anti-anxiety treatment as well as high nutrition sources are among major factors for the excess demand.  According to Investment banking firm Cowen, the retail sales of CBD consumer goods in the United States were anticipated to reach between $600 million and $2 billion last year. The bank projects revenues to reach $16 billion by 2025, with food, beverage, cosmetics, and vapour also expected to play a major part in the growth of the sector whereas health and wellness items are expected to top the market.  Rising consumer awareness about the health benefits of consuming hemp-based products is the major factor that is driving the market for its application in food.

By Source, the conventional source segment is estimated to dominate the market during the forecasted time. Industrial hemp is basically cultivated for fibre which is utilized in the textile and paper industry. Also, Conventional hemp protein is made from the Finola type of the Cannabis sativa plant's seeds. This type of hemp has lower THC concentrations and may have greater cannabidiol (CBD) concentrations, which lessen or completely remove the intoxicating effects of THC. Hemp protein comes in a fine, greyish-light green powder with a distinct odour and nutty flavour. Conventional hemp protein can be used as an affordable and potent protein source. Additionally, cheaper prices of conventionally gained hemp as compared to organic source and their increasing applications in the automotive, construction & material, and furniture industries are expected to drive its market in the forecasted years.

Regional Analysis Of Industrial Hemp Market

The European region is dominating in the Industrial Hemp Market owing to the increasing demand for hemp-based products, rising awareness regarding health benefits and changing government policies in the region. The strength to weight ratio, flexural strength, and high tensile strength of industrial hemp offer varied benefits and application in bio-composites for automotive parts, aerospace, fibreboard, and packaging in the European market. Furthermore, the product demand from the paper, building materials markets, and textile is growing on account of its favourable aesthetic and acoustic properties is driving the market growth of industrial hemp in this region. The rising demand for eco-friendly products in construction materials, fiberglass alternatives, thermal insulation, and automotive products is expected to promote market growth. The growing demand for technical products, such as varnishes, oil paints, fuel, solvents, chain-saw lubricants, printing inks, putty, and coatings, is expected to have a positive impact on the market growth.s

North America is expected to grow steadily in the forecast period. Among the major consumers in the global market, North America is further projected to attain rapid growth in the industrial hemp market owing to the presence of several application industries. Moreover, high consumer disposable income levels, a growing geriatric population, and rising concerns related to skin diseases and UV protection are expected to drive the demand for hemp oil in the personal care industry in the region.

Asia Pacific is expected to dominate the industrial hemp market in the projected years. Economies, such as India, Japan, China, Korea, Australia, Thailand and New Zealand are actively involved in the production and consumption of industrial hemp and its products, such as fibre, seed, hurds, and oil. Rising product demand with innovation and advancing technologies are making harvesting easier for cultivators, thereby boosting the production of hemp production in the Asia Pacific region.

Covid 19 Impact On Industrial Hemp Market

The Covid-19 pandemic strongly reduced the market demand and growth for Industrial Hemps. The outbreak of this virus and implementation of worldwide lockdown resulted in the supply chain and shutdown of manufacturing units, which further impacted the demand. The post-pandemic later helped to develop more interest in the medical sector of hemp as it hit agriculture and thus the economy overall. Whereas the farmers, looked forward to a profit-making new crop of high revenue as it is sold for process into CBD oil, which is consumed dietary supplements. They also cultivated more Hemp as it can also be utilized in textiles, biocomposites, fuel, livestock rations, and farms. Unlike other industries, the hemp industry also had to regulate its selling efforts, and lots of brick-and-mortar businesses were forced to shift entirely on the online platforms. However, despite the momentary disruption, the Industrial Hemps market is predicted to grow at a gradual rate during the forecasted period.

Top Key Players Covered In Industrial Hemp Market

  • Parkland Industrial Hemp Growers Cooperative Ltd. (Canada)
  • CBD Biotechnology Co. (US)
  • Botanical Genetics LLC (US)
  • Marijuana Company of America Inc. (US)
  • HempMedsBrasil (US)
  • Terra Tech Corp. (USA)
  • American Cannabis Company Inc. (Colorado)
  • Industrial Hemp Manufacturing LLC (Amsterdam)
  • American Hemp (USA)
  • Hemp Inc. (US)
  • Boring Hemp Company (Oregon)
  • Plains Industrial Hemp Processing Ltd. (Canada)
  • Ecofiber Industries Operations (Australia)
  • Valley Bio Ltd. (Canada) and other major players.

Key Industry Development In The Industrial Hemp Market

In December, 2021, Marijuana Company of America Inc. Acquires VBF Brands, Inc. Expanding Footprint in California’s Growing Cannabis Grower Market. Based on this activity since the acquisition was consummated in Q3 2021, MCOA expects that the following transaction will continue to be highly accretive to the Company's EBITDA expectations for 2022 and will also work towards increasing production at a nearby Salinas based facility that also offers exponential growth opportunities with other nearby land and facilities.

In May, 2019, GenCanna and Atalo Holdings (US) have entered into a new strategic partnership for building a vertically integrated hemp processing and distribution facility in Kentucky, US. This strategic partnership is estimated to boost the industrial hemp industry and attract more population for the overall development.

Global Industrial Hemp Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 4.43 Bn.

Forecast Period 2022-28 CAGR:

19.8%

Market Size in 2028:

USD 15.69 Bn.

Segments Covered:

By Product Type

  • Seeds
  • Fiber

By Source

  • Organic
  • Conventional

By Application

  • Animal care
  • Textile
  • Foods & Beverages
  • Pharmaceuticals
  • Personal care

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Applications and Legalization Boosting the Market Growth

Key Market Restraints:

  • Strict Government Policies and Guidelines

Key Opportunities:

  • Beneficial Use in Various Industries and Rising Demand in Pharmaceutical Industries

Companies Covered in the report:

  • Parkland Industrial Hemp Growers Cooperative Ltd. (Canada), CBD Biotechnology Co. (US), Botanical Genetics LLC (US), Marijuana Company of America Inc. (US), HempMedsBrasil (US), and Other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Product Type
 3.2 By Application
 3.3 By Source

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Industrial Hemp Market by Product Type
 5.1 Industrial Hemp Market Overview Snapshot and Growth Engine
 5.2 Industrial Hemp Market Overview
 5.3 Seeds
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Seeds: Grographic Segmentation
 5.4 Fiber
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Fiber: Grographic Segmentation
 5.5 Oil
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Oil: Grographic Segmentation

Chapter 6: Industrial Hemp Market by Application
 6.1 Industrial Hemp Market Overview Snapshot and Growth Engine
 6.2 Industrial Hemp Market Overview
 6.3 Animal Care
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Animal Care: Grographic Segmentation
 6.4 Textiles
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Textiles: Grographic Segmentation
 6.5 Food and Beverages
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Food and Beverages: Grographic Segmentation
 6.6 Pharmaceuticals
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Pharmaceuticals: Grographic Segmentation
 6.7 Personal Care
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Personal Care: Grographic Segmentation

Chapter 7: Industrial Hemp Market by Source
 7.1 Industrial Hemp Market Overview Snapshot and Growth Engine
 7.2 Industrial Hemp Market Overview
 7.3 Conventional
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Conventional: Grographic Segmentation
 7.4 Organic
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Organic: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Industrial Hemp Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Industrial Hemp Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Industrial Hemp Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 PARKLAND INDUSTRIAL HEMP GROWERS COOPERATIVE LTD. (CANADA)
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 CBD BIOTECHNOLOGY CO. (US)
 8.4 BOTANICAL GENETICS LLC (US)
 8.5 MARIJUANA COMPANY OF AMERICA INC. (US)
 8.6 HEMPMEDSBRASIL (US)
 8.7 TERRA TECH CORP. (USA)
 8.8 AMERICAN CANNABIS COMPANY INC. (COLORADO)
 8.9 INDUSTRIAL HEMP MANUFACTURING LLC (AMSTERDAM)
 8.10 AMERICAN HEMP (USA)
 8.11 HEMP INC. (US)
 8.12 BORING HEMP COMPANY (OREGON)
 8.13 PLAINS INDUSTRIAL HEMP PROCESSING LTD. (CANADA)
 8.14 ECOFIBER INDUSTRIES OPERATIONS (AUSTRALIA)
 8.15 VALLEY BIO LTD. (CANADA)
 8.16 OTHER MAJOR PLAYERS

Chapter 9: Global Industrial Hemp Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Product Type
  9.2.1 Seeds
  9.2.2 Fiber
  9.2.3 Oil
 9.3 Historic and Forecasted Market Size By Application
  9.3.1 Animal Care
  9.3.2 Textiles
  9.3.3 Food and Beverages
  9.3.4 Pharmaceuticals
  9.3.5 Personal Care
 9.4 Historic and Forecasted Market Size By Source
  9.4.1 Conventional
  9.4.2 Organic

Chapter 10: North America Industrial Hemp Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Product Type
  10.4.1 Seeds
  10.4.2 Fiber
  10.4.3 Oil
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Animal Care
  10.5.2 Textiles
  10.5.3 Food and Beverages
  10.5.4 Pharmaceuticals
  10.5.5 Personal Care
 10.6 Historic and Forecasted Market Size By Source
  10.6.1 Conventional
  10.6.2 Organic
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Europe Industrial Hemp Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Product Type
  11.4.1 Seeds
  11.4.2 Fiber
  11.4.3 Oil
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Animal Care
  11.5.2 Textiles
  11.5.3 Food and Beverages
  11.5.4 Pharmaceuticals
  11.5.5 Personal Care
 11.6 Historic and Forecasted Market Size By Source
  11.6.1 Conventional
  11.6.2 Organic
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Industrial Hemp Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Product Type
  12.4.1 Seeds
  12.4.2 Fiber
  12.4.3 Oil
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Animal Care
  12.5.2 Textiles
  12.5.3 Food and Beverages
  12.5.4 Pharmaceuticals
  12.5.5 Personal Care
 12.6 Historic and Forecasted Market Size By Source
  12.6.1 Conventional
  12.6.2 Organic
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Industrial Hemp Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Product Type
  13.4.1 Seeds
  13.4.2 Fiber
  13.4.3 Oil
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Animal Care
  13.5.2 Textiles
  13.5.3 Food and Beverages
  13.5.4 Pharmaceuticals
  13.5.5 Personal Care
 13.6 Historic and Forecasted Market Size By Source
  13.6.1 Conventional
  13.6.2 Organic
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA

Chapter 14: South America Industrial Hemp Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Product Type
  14.4.1 Seeds
  14.4.2 Fiber
  14.4.3 Oil
 14.5 Historic and Forecasted Market Size By Application
  14.5.1 Animal Care
  14.5.2 Textiles
  14.5.3 Food and Beverages
  14.5.4 Pharmaceuticals
  14.5.5 Personal Care
 14.6 Historic and Forecasted Market Size By Source
  14.6.1 Conventional
  14.6.2 Organic
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global Industrial Hemp Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 4.43 Bn.

Forecast Period 2022-28 CAGR:

19.8%

Market Size in 2028:

USD 15.69 Bn.

Segments Covered:

By Product Type

  • Seeds
  • Fiber

By Source

  • Organic
  • Conventional

By Application

  • Animal care
  • Textile
  • Foods & Beverages
  • Pharmaceuticals
  • Personal care

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Applications and Legalization Boosting the Market Growth

Key Market Restraints:

  • Strict Government Policies and Guidelines

Key Opportunities:

  • Beneficial Use in Various Industries and Rising Demand in Pharmaceutical Industries

Companies Covered in the report:

  • Parkland Industrial Hemp Growers Cooperative Ltd. (Canada), CBD Biotechnology Co. (US), Botanical Genetics LLC (US), Marijuana Company of America Inc. (US), HempMedsBrasil (US), and Other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. INDUSTRIAL HEMP MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. INDUSTRIAL HEMP MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. INDUSTRIAL HEMP MARKET COMPETITIVE RIVALRY
TABLE 005. INDUSTRIAL HEMP MARKET THREAT OF NEW ENTRANTS
TABLE 006. INDUSTRIAL HEMP MARKET THREAT OF SUBSTITUTES
TABLE 007. INDUSTRIAL HEMP MARKET BY PRODUCT TYPE
TABLE 008. SEEDS MARKET OVERVIEW (2016-2028)
TABLE 009. FIBER MARKET OVERVIEW (2016-2028)
TABLE 010. OIL MARKET OVERVIEW (2016-2028)
TABLE 011. INDUSTRIAL HEMP MARKET BY APPLICATION
TABLE 012. ANIMAL CARE MARKET OVERVIEW (2016-2028)
TABLE 013. TEXTILES MARKET OVERVIEW (2016-2028)
TABLE 014. FOOD AND BEVERAGES MARKET OVERVIEW (2016-2028)
TABLE 015. PHARMACEUTICALS MARKET OVERVIEW (2016-2028)
TABLE 016. PERSONAL CARE MARKET OVERVIEW (2016-2028)
TABLE 017. INDUSTRIAL HEMP MARKET BY SOURCE
TABLE 018. CONVENTIONAL MARKET OVERVIEW (2016-2028)
TABLE 019. ORGANIC MARKET OVERVIEW (2016-2028)
TABLE 020. NORTH AMERICA INDUSTRIAL HEMP MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 021. NORTH AMERICA INDUSTRIAL HEMP MARKET, BY APPLICATION (2016-2028)
TABLE 022. NORTH AMERICA INDUSTRIAL HEMP MARKET, BY SOURCE (2016-2028)
TABLE 023. N INDUSTRIAL HEMP MARKET, BY COUNTRY (2016-2028)
TABLE 024. EUROPE INDUSTRIAL HEMP MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 025. EUROPE INDUSTRIAL HEMP MARKET, BY APPLICATION (2016-2028)
TABLE 026. EUROPE INDUSTRIAL HEMP MARKET, BY SOURCE (2016-2028)
TABLE 027. INDUSTRIAL HEMP MARKET, BY COUNTRY (2016-2028)
TABLE 028. ASIA PACIFIC INDUSTRIAL HEMP MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 029. ASIA PACIFIC INDUSTRIAL HEMP MARKET, BY APPLICATION (2016-2028)
TABLE 030. ASIA PACIFIC INDUSTRIAL HEMP MARKET, BY SOURCE (2016-2028)
TABLE 031. INDUSTRIAL HEMP MARKET, BY COUNTRY (2016-2028)
TABLE 032. MIDDLE EAST & AFRICA INDUSTRIAL HEMP MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 033. MIDDLE EAST & AFRICA INDUSTRIAL HEMP MARKET, BY APPLICATION (2016-2028)
TABLE 034. MIDDLE EAST & AFRICA INDUSTRIAL HEMP MARKET, BY SOURCE (2016-2028)
TABLE 035. INDUSTRIAL HEMP MARKET, BY COUNTRY (2016-2028)
TABLE 036. SOUTH AMERICA INDUSTRIAL HEMP MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 037. SOUTH AMERICA INDUSTRIAL HEMP MARKET, BY APPLICATION (2016-2028)
TABLE 038. SOUTH AMERICA INDUSTRIAL HEMP MARKET, BY SOURCE (2016-2028)
TABLE 039. INDUSTRIAL HEMP MARKET, BY COUNTRY (2016-2028)
TABLE 040. PARKLAND INDUSTRIAL HEMP GROWERS COOPERATIVE LTD. (CANADA): SNAPSHOT
TABLE 041. PARKLAND INDUSTRIAL HEMP GROWERS COOPERATIVE LTD. (CANADA): BUSINESS PERFORMANCE
TABLE 042. PARKLAND INDUSTRIAL HEMP GROWERS COOPERATIVE LTD. (CANADA): PRODUCT PORTFOLIO
TABLE 043. PARKLAND INDUSTRIAL HEMP GROWERS COOPERATIVE LTD. (CANADA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. CBD BIOTECHNOLOGY CO. (US): SNAPSHOT
TABLE 044. CBD BIOTECHNOLOGY CO. (US): BUSINESS PERFORMANCE
TABLE 045. CBD BIOTECHNOLOGY CO. (US): PRODUCT PORTFOLIO
TABLE 046. CBD BIOTECHNOLOGY CO. (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. BOTANICAL GENETICS LLC (US): SNAPSHOT
TABLE 047. BOTANICAL GENETICS LLC (US): BUSINESS PERFORMANCE
TABLE 048. BOTANICAL GENETICS LLC (US): PRODUCT PORTFOLIO
TABLE 049. BOTANICAL GENETICS LLC (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. MARIJUANA COMPANY OF AMERICA INC. (US): SNAPSHOT
TABLE 050. MARIJUANA COMPANY OF AMERICA INC. (US): BUSINESS PERFORMANCE
TABLE 051. MARIJUANA COMPANY OF AMERICA INC. (US): PRODUCT PORTFOLIO
TABLE 052. MARIJUANA COMPANY OF AMERICA INC. (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. HEMPMEDSBRASIL (US): SNAPSHOT
TABLE 053. HEMPMEDSBRASIL (US): BUSINESS PERFORMANCE
TABLE 054. HEMPMEDSBRASIL (US): PRODUCT PORTFOLIO
TABLE 055. HEMPMEDSBRASIL (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. TERRA TECH CORP. (USA): SNAPSHOT
TABLE 056. TERRA TECH CORP. (USA): BUSINESS PERFORMANCE
TABLE 057. TERRA TECH CORP. (USA): PRODUCT PORTFOLIO
TABLE 058. TERRA TECH CORP. (USA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. AMERICAN CANNABIS COMPANY INC. (COLORADO): SNAPSHOT
TABLE 059. AMERICAN CANNABIS COMPANY INC. (COLORADO): BUSINESS PERFORMANCE
TABLE 060. AMERICAN CANNABIS COMPANY INC. (COLORADO): PRODUCT PORTFOLIO
TABLE 061. AMERICAN CANNABIS COMPANY INC. (COLORADO): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. INDUSTRIAL HEMP MANUFACTURING LLC (AMSTERDAM): SNAPSHOT
TABLE 062. INDUSTRIAL HEMP MANUFACTURING LLC (AMSTERDAM): BUSINESS PERFORMANCE
TABLE 063. INDUSTRIAL HEMP MANUFACTURING LLC (AMSTERDAM): PRODUCT PORTFOLIO
TABLE 064. INDUSTRIAL HEMP MANUFACTURING LLC (AMSTERDAM): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. AMERICAN HEMP (USA): SNAPSHOT
TABLE 065. AMERICAN HEMP (USA): BUSINESS PERFORMANCE
TABLE 066. AMERICAN HEMP (USA): PRODUCT PORTFOLIO
TABLE 067. AMERICAN HEMP (USA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. HEMP INC. (US): SNAPSHOT
TABLE 068. HEMP INC. (US): BUSINESS PERFORMANCE
TABLE 069. HEMP INC. (US): PRODUCT PORTFOLIO
TABLE 070. HEMP INC. (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. BORING HEMP COMPANY (OREGON): SNAPSHOT
TABLE 071. BORING HEMP COMPANY (OREGON): BUSINESS PERFORMANCE
TABLE 072. BORING HEMP COMPANY (OREGON): PRODUCT PORTFOLIO
TABLE 073. BORING HEMP COMPANY (OREGON): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. PLAINS INDUSTRIAL HEMP PROCESSING LTD. (CANADA): SNAPSHOT
TABLE 074. PLAINS INDUSTRIAL HEMP PROCESSING LTD. (CANADA): BUSINESS PERFORMANCE
TABLE 075. PLAINS INDUSTRIAL HEMP PROCESSING LTD. (CANADA): PRODUCT PORTFOLIO
TABLE 076. PLAINS INDUSTRIAL HEMP PROCESSING LTD. (CANADA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. ECOFIBER INDUSTRIES OPERATIONS (AUSTRALIA): SNAPSHOT
TABLE 077. ECOFIBER INDUSTRIES OPERATIONS (AUSTRALIA): BUSINESS PERFORMANCE
TABLE 078. ECOFIBER INDUSTRIES OPERATIONS (AUSTRALIA): PRODUCT PORTFOLIO
TABLE 079. ECOFIBER INDUSTRIES OPERATIONS (AUSTRALIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. VALLEY BIO LTD. (CANADA): SNAPSHOT
TABLE 080. VALLEY BIO LTD. (CANADA): BUSINESS PERFORMANCE
TABLE 081. VALLEY BIO LTD. (CANADA): PRODUCT PORTFOLIO
TABLE 082. VALLEY BIO LTD. (CANADA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 082. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 083. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 084. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 085. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. INDUSTRIAL HEMP MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. INDUSTRIAL HEMP MARKET OVERVIEW BY PRODUCT TYPE
FIGURE 012. SEEDS MARKET OVERVIEW (2016-2028)
FIGURE 013. FIBER MARKET OVERVIEW (2016-2028)
FIGURE 014. OIL MARKET OVERVIEW (2016-2028)
FIGURE 015. INDUSTRIAL HEMP MARKET OVERVIEW BY APPLICATION
FIGURE 016. ANIMAL CARE MARKET OVERVIEW (2016-2028)
FIGURE 017. TEXTILES MARKET OVERVIEW (2016-2028)
FIGURE 018. FOOD AND BEVERAGES MARKET OVERVIEW (2016-2028)
FIGURE 019. PHARMACEUTICALS MARKET OVERVIEW (2016-2028)
FIGURE 020. PERSONAL CARE MARKET OVERVIEW (2016-2028)
FIGURE 021. INDUSTRIAL HEMP MARKET OVERVIEW BY SOURCE
FIGURE 022. CONVENTIONAL MARKET OVERVIEW (2016-2028)
FIGURE 023. ORGANIC MARKET OVERVIEW (2016-2028)
FIGURE 024. NORTH AMERICA INDUSTRIAL HEMP MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. EUROPE INDUSTRIAL HEMP MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. ASIA PACIFIC INDUSTRIAL HEMP MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. MIDDLE EAST & AFRICA INDUSTRIAL HEMP MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. SOUTH AMERICA INDUSTRIAL HEMP MARKET OVERVIEW BY COUNTRY (2016-2028)

Frequently Asked Questions :

What would be the forecast period in the Industrial Hemp Market research report?

The forecast period in the Industrial Hemp Market research report is 2022-2028.

Who are the key players in Industrial Hemp Market?

Parkland Industrial Hemp Growers Cooperative Ltd. (Canada), CBD Biotechnology Co. (US), Botanical Genetics LLC (US), Marijuana Company of America Inc. (US), HempMedsBrasil (US), and other major players.

What are the segments of the Industrial Hemp Market?

The Industrial Hemp Market is segmented into product type, source, application and region. By Product type, the market is categorized into Seeds, Fiber and Oil. By Source, the market is categorized into Organic and Conventional. By Application, the market is categorized into Animal care, Textile, Foods & Beverages, Pharmaceutical and Personal care. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Industrial Hemp Market?

Industrial Hemp plant is a stout, annual, aromatic herb cultivated for its best fiber and edible seeds. Hemp is used for many medical or recreational purposes that aids to the market growth.

How big is the Industrial Hemp Market?

The Industrial Hemp Market was valued at USD 4.43 Billion in 2021 and is projected to reach USD 15.69 Billion by 2028, growing at a CAGR of 19.8% from 2022 to 2028.