The global industrial hemp market size is projected to grow from USD 4.6 billion in 2019 to USD 26.6 billion by 2025, recording a compound annual growth rate (CAGR) of 34.0% during the forecast period. Rising awareness among the consumers about the benefits of industrial hemp, increasing legalization to cultivate industrial hemp across different countries, and growing application scope of industrial hemp in diverse industries such as textile, pharmaceutical, food, beverages, personal care products, construction & material, furniture, and paper is driving the market for industrial hemp.
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Key industrial hemp players include Hempco (Canada), Ecofibre (Australia), Hemp Inc. (US), GenCanna (US), HempFlax BV (Netherlands), Konoplex Group (Russia), Hemp Oil Canada (Canada), BAFA (Germany), 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). Agreements, joint ventures, and partnerships were the dominant strategies adopted by major players, followed by expansion. These strategies have helped them to increase their presence in different regions.
The Asia Pacific region dominates the industrial hemp market. The market in Asia Pacific region is majorly driven by wide production and consumption of hemp fiber in the textile and paper industries. Furthermore, the growth of the cosmetics and personal care market in the region and the legalization of industrial hemp in food supplements are factors projected to drive the market growth. China is the largest producer of industrial hemp in Asia Pacific region.
The industrial hemp market is segmented, based on type, into hemp fiber, hemp seed, hemp seed oil, and CBD hemp oil. The CBD hemp oil segment is projected to be the fastest-growing segment in the industrial hemp market during the forecast period. The growing application of CBD hemp oil in personal care, health supplements, and food & beverage products is expected to drive the demand for this segment. Furthermore, the numerous health benefits of CBD hemp oil make it useful to treat and prevent conditions like anxiety, depression, pain, and acne are also expected to drive the growth.
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The industrial hemp market is segmented, based on application, into food, beverages, textiles, personal care products, pharmaceuticals, and others. The textiles segment is projected to be a leading segment in the industrial hemp market. Hemp fiber is among the strongest and most durable naturally occurring textile fiber and is naturally resistant to bacteria and ultraviolet radiations. Due to its porous nature, it affects better color retention than any other fabric. Additionally, it requires a lesser amount of water for cultivation, in comparison with cotton, which is mainly used in the textile industry.
The global Industrial Hemp Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the industrial hemp market include Agropro, All American Hemp Company, Blue Sky Hemp Ventures Ltd., CavacBiomateriaux, Green Source Organics, Hemp Foods Australia, Hemp Inc., Hemp Production Services Inc., Hemp Sense Inc., Hempco Food and Fiber Inc.,Hempro International, Manitoba Harvest Hemp Foods, Marijuana Company of America Inc., North American Hemp & Grain Co. Ltd. and Trigone Foods Inc. among others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Industrial Hemp Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/industrial-hemp-market/download-sampleMarket DynamicsThe industrial hemp market is growing on account of increasing demand from end-use industries.
In addition of this, increasing demand of hemp CBD from healthcare sector is also boosting the growth of this market.
On the flip side, erratic production along with changes in lawsuit for industrial hemp production may hinder the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
Geographically, global Industrial Hemp market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players includingGoFireICCPIHGIHMHempFlaxMarijuana GumMedical Marijuana IncNotis Global, Inc. (NGBL)Jetty ExtractsCannaKorp Download FREE Sample of this Report @ http://bit.ly/2Yq9SpN On the basis of product, we research the production, revenue, price, market share and growth rate, primarily split intoPharmaceutical GradeFood GradeIndustrial Grade For the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Industrial Hemp for each application, includingPharmaceutical IndustryTextilePaper & PulpFoodConstruction IndustryLeatherOther Production, consumption, revenue, market share and growth rate are the key targets for Industrial Hemp from 2013 to 2024 (forecast) in these regionsChinaUSAEuropeJapanKoreaIndiaSoutheast AsiaSouth America If you have any special requirements, please let us know and we will offer you the report as you want.
Get the Complete Report & TOC @ http://bit.ly/2XJpcAATable of content1 Report Overview1.1 Definition and Specification1.2 Report Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.2.3 Type Overview1.2.4 Application Overview1.3 Industrial Chain1.3.1 Industrial Hemp Overall Industrial Chain1.3.2 Upstream1.3.3 Downstream1.4 Industry Situation1.4.1 Industrial Policy1.4.2 Product Preference1.4.3 Economic/Political Environment1.5 SWOT Analysis2 Market Analysis by Types2.1 Overall Market Performance2.1.1 Product Type Market Performance (Volume)2.1.2 Product Type Market Performance (Value)2.2 China Industrial Hemp Market Performance2.3 USA Industrial Hemp Market Performance2.4 Europe Industrial Hemp Market Performance2.5 Japan Industrial Hemp Market Performance2.6 Korea Industrial Hemp Market Performance2.7 India Industrial Hemp Market Performance2.8 Southeast Asia Industrial Hemp Market Performance2.9 South America Industrial Hemp Market Performance3 Product Application Market3.1 Overall Market Performance (Volume)3.2 China Industrial Hemp Market Performance (Volume)3.3 USA Industrial Hemp Market Performance (Volume)3.4 Europe Industrial Hemp Market Performance (Volume)3.5 Japan Industrial Hemp Market Performance (Volume)3.6 Korea Industrial Hemp Market Performance (Volume)3.CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
The global industrial hemp market size is expected to reach USD 15.26 billion by 2027, exhibiting a revenue-based CAGR of 15.8% over the forecast period, according to a new report published by Radiant Insights, Inc.Growing preference for eco-friendly products in thermal insulation, coupled with rising use of the product as fiberglass alternative is expected to drive the growth.
Rising consumer preference for green buildings owing to increasing environment pollution is expected to drive the demand for hemp-based construction materials in the forthcoming years.
In addition, rising consumption of hempcretes-a concrete made from shives and lime-in Europe is expected to further propel the demand for industrial hemp over the forecast period.
In addition, use of hemp oil in hand and body lotions and UV skin protectors owing to the high and well-balanced fatty acid content of hemp, is expected to surge the demand.
Further key findings from the report suggest: • Seeds segment accounted for 27.3% of the value share in 2019 owing to extensive application of the product in pharmaceuticals, nutritional supplements and other medicinal and therapeutic products • The demand for industrial hemp in personal care industry is expected to expand at a CAGR of 18.8% in terms of revenue from 2020 to 2027 as it reduces skin discomfort by soothing and restoring dry or damaged skin • Animal care industry accounted for 14.9% of revenue share in 2019 owing to the growing consumption of hemp shives and leaves in animal bedding due to its low dust properties which makes it highly beneficial for animals facing respiratory issues • The North America industrial hemp market is expected to expand at a CAGR of 20.4% from 2020 to 2027 in terms of value owing to the legalization of hemp production coupled with the rising demand in the food and supplements, cosmetics, and personal care industries • Parkland Industrial Hemp Growers Cooperative Ltd. and Terra Tech Crop are some of the major players in the market involved in R activities to develop different varieties of industrial hemp Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/industrial-hemp-market Table of Contents Chapter 1.
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