The comprehensive “Industrial hemp market“ report endows with statistics on the current state of the industry and hence works as a valuable source of guidance and direction for companies and investors interested in this market. To have finest market insights and knowhow of the most excellent market opportunities into the specific markets, this market research report is an ideal option. The report proves to be a thorough synopsis on the study, analysis and estimation of the market and how it is affecting the Healthcare industry. Besides, Industrial Hemp market report comprises of an extensive evaluation of the market’s growth prospects and restrictions.
Industrial hemp market was valued at USD 4.6 billion in 2021 and is expected to reach USD 30.9 billion by 2029, registering a CAGR of 21.02% during the forecast period of 2022-2029. The “Hemp fiber” accounts for the largest type segment in the industrial hemp market within the forecasted period owing to its usage to obtain biofuels and bioplastics. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and patent analysis.
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Drivers
- Functional Properties will Increase its Adoption
As humans cannot produce essential fatty acids, hemp seeds are very useful as they are a great source of linoleic (omega-6) and linolenic (omega-3) and they are also low in saturated fats and contain no trans-fat, which is the most significant factor driving the growth for this market.
Furthermore, the increasing legalization of the cultivation of hemp further leads manufacturers to develop new products from industrial hemp, which are also expected to fuel market growth. Moreover, the increased consumption of hemp-based products due to their various health benefits also cushions the market’s growth within the forecasted period. Increased incidences of diseases such as epilepsy and other sleep disorders are also projected to cushion the growth of the market. Moreover, the technological advances are estimated to generate lucrative opportunities for the market, which will further expand the industrial hemp market’s growth rate in the future.
Restraints/Challenges
- Complex Regulatory Structure
On the other hand, the hemp and hemp-derived products basically require compliance with different regulatory guidelines globally which is expected to obstruct market growth.
Also, the lack of proper planting and harvesting equipment are projected to challenge the industrial hemp market in the forecast period of 2022-2029.
Global Industrial Hemp Market Scope
The industrial hemp market is segmented on the basis of type, application and source. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Hemp Seed
- Hemp Seed Oil
- CBD Hemp Oil
- Hemp Fiber
On the basis of type, the industrial hemp market is segmented into hemp seed, hemp seed oil, CBD hemp oil and hemp fiber. Hemp fiber registers highest growth within the forecasted period owing to its usage to obtain biofuels and bioplastics.
Application
- Food
- Textiles
- Beverages
- Personal Care Products
- Pharmaceuticals
- Others
On the basis of application, the industrial hemp market is segmented into food, textiles, beverages, personal care products, pharmaceuticals and others.
Source
- Conventional
- Organic
On the basis of source, the industrial hemp market is segmented into conventional and organic.
Some of the major players operating in the Industrial Hemp market are:
Nhempco (Canada), Ecofibre (Australia), Hemp Inc. (US), GenCanna (US), HempFlax Group B.V., (Netherlands), Konoplex (Russia), Hemp Oil Canada (Canada), Hemp Poland (Poland), Dun Agro (Netherlands), Colorado Hemp Works (US), Canah International (Romania), South Hemp Tecno (Italy), Plains Industrial Hemp Processing (Canada), and MH Medical Hemp (Germany)
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Industrial Hemp Market: Regulations
- Market Overview
- Global Industrial Hemp Market, By Type
- Global Industrial Hemp Market, By Application
- Global Industrial Hemp Market, By End User
- Global Industrial Hemp Market, By Region
- Global Industrial Hemp Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Check the Complete Table Of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-industrial-hemp-market
Market Overview
There has been increasing demand for biodegradable and renewable natural materials in various consumer products across the globe. The products in the global industrial hemp market are considered to be highly eco-friendly, less harmful and even renewable. Owing to its ecologically friendly character, this has prompted players in a variety of end-use industry verticals to choose goods from the global industrial hemp market, which is projected to aid the market growth. The industrial hemp market is projected to show immense growth over the forecasted period. There has been increasing demand for biodegradable and renewable natural materials in various consumer products across the globe. The products in the global industrial hemp market are considered to be highly eco-friendly, less harmful and even renewable. Owing to its ecologically friendly character, this has prompted players in a variety of end-use industry verticals to choose goods from the global industrial hemp market, which is projected to aid the market growth. The industrial hemp market is projected to show immense growth over the forecasted period.
This Market Intelligence Report Analyses Some of the Most Crucial Concerns:
- How will the major segments of this international market develop over the next few years?
- Who are the major players that will dominate the market in the future?
- When it comes to this industry, who are the top suppliers and producers?
- How have the most successful companies in the industry planned for future growth and expansion?
- In what sectors might we expect to see the greatest increase in demand over the coming years?
- How many distinct subsets of buyers make up this market?
- Which regional powerhouse do you foresee as becoming the largest player in the international market?
- Does a new coronavirus pandemic have any consequences?
- In what ways are established actors stymied by the entry of newcomers, and how may they be overcome?
Browse More about This Research Report at @ https://www.databridgemarketresearch.com/reports/global-industrial-hemp-market
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