The Global Industrial Hemp Market size is expected to reach USD 16.65 billion by 2030, registering a CAGR of 16.5% over the forecast period, according to a new report by Global Market Vision. The rising product demand from industries, such as agriculture, textiles, personal care, recycling, furniture, food & beverage, paper, and construction materials, is projected to propel market growth. Hemp is increasingly being used in medicinal products and nutritional supplements. The high nutritional values and beneficial fatty acid and protein profile of hemp are driving the demand for hemp products in the market. In addition, hemp oil is used in shampoos, soaps, lotions, bath gels, and other cosmetics, further benefiting the industry growth.
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The strength to weight ratio, high tensile strength, and flexural strength of industrial hemp offer desired benefits in bio-composites for automotive parts, fiberboard, aerospace, and packaging. Furthermore, the product demand from the textile, paper, and building materials markets is growing on account of its favorable acoustic and aesthetic properties. 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.
The various market conditions that directly affect the market’s expansion are covered in the Industrial Hemp Market study. An inventive, passionate, competent, and experienced team of analysts, researchers, industry experts, and forecasters carefully worked on the report’s framework. The research involves the SWOT analysis, PESTLE analysis, predictive analysis, real-time analysis, revenue share, market size, the competitive market scenario, market opportunities, and major strategies like partnership, cooperation, mergers, and acquisitions that have been implemented by key competitors to strengthen their presence in the global market.
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.
Global Industrial Hemp Market Segmentation:
Industrial Hemp Product Outlook:
- Seeds
- Fiber
- Shivs
Industrial Hemp Application Outlook:
- Animal Care
- Textiles
- Automotive
- Furniture
- Food & Beverages
- Paper
- Construction Materials
- Personal Care
- Others
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Industrial Hemp Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Industrial Hemp Market segments and regions.
The base of geography, the world market of Industrial Hemp has segmented as follows:
- 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
The Industrial Hemp report analyses various critical constraints, such as item price, production capacity, profit & loss statistics, and global market-influencing transportation & delivery channels. It also includes examining such important elements such as Industrial Hemp market demands, trends, and product developments, various organizations, and global market effect processes.
The Study Objectives of this report are:
- To analysis the worldwide Industrial Hemp market size by product types, applications and regions.
- To comprehend the design of Industrial Hemp market by recognizing its different sub-fragments.
- To study Industrial Hemp by individual manufactures growth, future trends.
- To study Product Overview and Scope of Industrial Hemp market segment, Revenue Sales Status and Outlook
- To study Manufacturing Cost Structure of Industrial Hemp market
- To understand market Upstream and Downstream analysis
- To understand Market Competitive Situation and Trends
- To understand market Drivers, Restraints, Opportunities, Challenges faced by Industrial Hemp market
- To analysis new product and new technology release
- Analysis of Industry Development Trends under COVID-19 Outbreak
Following are chapters in Industrial Hemp Market report 2022:
Chapter 1 provides an overview of Industrial Hemp market, containing global revenue and CAGR. The forecast and analysis of Industrial Hemp market by type, application, and region are also presented in this chapter.
Chapter 2 is about the market landscape and major players. It provides competitive situation and market concentration status along with the basic information of these players.
Chapter 3 introduces the industrial chain of Industrial Hemp. Industrial chain analysis, raw material (suppliers, price, supply and demand, market concentration rate) and downstream buyers are analyzed in this chapter.
Chapter 4 concentrates on manufacturing analysis, including cost structure analysis and process analysis, making up a comprehensive analysis of manufacturing cost.
Chapter 5 provides clear insights into market dynamics, the influence of COVID-19 in Industrial Hemp industry, consumer behavior analysis.
Chapter 6 provides a full-scale analysis of major players in Industrial Hemp industry. The basic information, as well as the profiles, applications and specifications of products market performance along with Business Overview are offered.
Chapter 7 pays attention to the sales, revenue, price and gross margin of Industrial Hemp in markets of different regions. The analysis on sales, revenue, price and gross margin of the global market is covered in this part.
Chapter 8 gives a worldwide view of Industrial Hemp market. It includes sales, revenue, price, market share and the growth rate by type.
Chapter 9 focuses on the application of Industrial Hemp, by analyzing the consumption and its growth rate of each application.
Chapter 10 prospects the whole Industrial Hemp market, including the global sales and revenue forecast, regional forecast. It also foresees the Industrial Hemp market by type and application.
Conclusion: At the end of Industrial Hemp Market report, all the findings and estimation are given. It also includes major drivers, and opportunities along with regional analysis. Segment analysis is also providing in terms of type and application both.
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