Industrial hemp market is expected to reach USD 21.16 billion by 2027 growing at a growth rate of 21.02% in the forecast period 2020 to 2027. Increasing legalisation in the cultivation will act as a factor for the industrial hemp market in the forecast period of 2020- 2027.
Industrial Hemp Market industry can be highly benefited with the top notch Industrial Hemp Market research report which brings market and competitive landscape clearly into the focus and help make better decisions. The data and information regarding Industrial Hemp Market industry are taken from truthful sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the market experts. Competitive landscape in this report covers strategic profiling of key players in the market, comprehensively analyzing their core competencies, and strategies. Market segmentation has also been performed in detail in the Industrial Hemp Market report based on various parameters that include applications, verticals, deployment model, end user, and geography.
The high quality Industrial Hemp Market report provides estimations of CAGR values, market drivers and market restraints about the Industrial Hemp Market industry which are helpful for the businesses in deciding upon numerous strategies. The base year for calculation in the report is taken as 2020 whereas the historic year is 2019 which will tell how the Industrial Hemp Market is going to perform in the forecast years by informing what the market definition, classifications, applications, and engagements are. The report leads the way on the right track by making to focus on the data and realities of the industry. Global Industrial Hemp Market report takes into consideration miscellaneous segments of the market analysis that today’s business ask for.
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Some of the prominent players in the global industrial hemp market include:
- Parkland Industrial Hemp Growers Cooperative Ltd.
- CBD Biotechnology Co.
- Botanical Genetics, LLC
- Marijuana Company of America Inc.
- HempMeds Brasil
- 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 Industries Operations
- Valley Bio Limited
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This report forecasts volume and revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global industrial hemp market report on the basis of product, application, and region:
- Product Outlook (Volume, Tons; Revenue, USD Million, 2017 – 2028)
- Application Outlook (Volume, Tons; Revenue, USD Million, 2017 – 2028)
- Animal Care
- Food & Beverages
- Construction Materials
- Personal Care
- Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 – 2028)
- North America
- Asia Pacific
- Central & South America
- Middle East & Africa
- North America
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial hemp market analysis from 2019 to 2027 to identify the prevailing industrial hemp market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis of the industrial hemp market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global industrial hemp market trends, key players, market segments, application areas, and market growth strategies.
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