Industrial Hemp Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: FB23071201 | Research Suite: Report (PDF) & Market Data (Excel)
Industrial Hemp Market
The industrial hemp market refers to the production,
processing, and sales of industrial hemp and its derived products. industrial
hemp is a variety of the Cannabis sativa plant that is grown specifically for
industrial purposes, like fiber, seeds, and extracts, rather than for its
psychoactive properties. This article explores the
industrial Hemp market, providing insights into its growth, market
segmentation, key players, expansion of application, and regional analysis.
Market
Overview:
Recent legalization and regulatory changes around the
world have contributed to the industrial hemp market's significant growth. As
more counties recognize the potential of industrial hemp and its various uses,
it is expected that demand will only increase. The type
of products of industrial hemp is Fiber, Seeds, and Extracts.
Growth
Drivers
Growing Demand for CBD Products: The rising popularity
of CBD and other hemp-derived cannabinoids for their potential health and
wellness benefits is driving the demand for industrial hemp and its extracts.
Expanding Applications: The versatile nature of
industrial hemp and its potential use in various industries, including
textiles, construction, food and beverages, and pharmaceuticals, is fueling
market growth.
Innovation and Research: Ongoing research and
development activities exploring new applications and uses for industrial hemp,
as well as advancements in cultivation techniques and extraction methods, are
driving market expansion.
Market
Segmentation
The Industrial hemp market is segmented based on product type, application,
geography, end-user, cultivation type, and distribution channel.
By Type of Product:
·
Fiber
·
Seeds
·
Extracts
By Application:
·
Textiles
·
Construction materials
·
Food and beverages
·
Pharmaceuticals and wellness
·
Personal care and cosmetics
By End-Use Industry:
·
Textiles
·
Construction
·
Food and beverages
·
Pharmaceuticals
·
Nutraceuticals
·
Personal care and cosmetics
By Cultivation Type:
·
Conventional (non-organic)
·
Organic methods
Distribution Channel:
·
Direct sales
·
Wholesalers
·
Distributors
·
Online retail platforms
·
Specialty stores
By Geography:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
The Middle East and Africa
Key
Players
Canopy Growth Corporation:
·
Aurora Cannabis Inc.
·
Hemp, Inc.
·
Ecofibre
·
CV Sciences, Inc.
·
Hempco Food and Fiber Inc.
·
Folium Biosciences
·
HempFlax Group
·
Hempel (USA) Inc.
·
HempMeds
·
Others
Regional analysis
The industrial hemp market exhibits regional variations due to varying regulations, cultivation practices, and consumer preferences. North America, particularly the United States and Canada, has been at the forefront of the market, driven by progressive hemp regulations. Europe is also a significant market, with several countries allowing hemp cultivation. Asia Pacific, Latin America, and Africa are emerging regions, gradually entering the market with increasing legalization and adoption of industrial hemp.
Global Industrial Hemp Market research report presents a
strategic analysis of the global Industrial Hemp Market and a forecast for its
development in the medium term, taking into account the impact of COVID-19 on
it.
This report delivers market size, regional and country
market data, segmentation growth, market share, competitive landscape,
company’s Industrial Hemp revenue analysis, strategies of domestic and global
market players, opportunities analysis, strategic market growth analysis, and
technological innovations. It analyses historical and current market data to
accurately gauge its future growth potential. This market report provides
in-depth analysis and insight of market drivers, challenges, trends &
opportunities. At the same time, comprehensive coverage of major vendors
(recent product development & industrial activities, company overview,
insights on business strategy & financial performance, company SWOT
analysis) is provided to give competitive overview. This study presents most
detailed (COVID-19 updated) and in-depth analysis about the global Industrial
Hemp market, covering all global regions and countries. The report provides
intricate dynamics for each of the countries covered, offering unmatched value,
accuracy and expert insights.
Report
Purpose
The purpose of the report is to portray the state of the global
Industrial Hemp Market and to present real and expert-verified data and
insights about the market values, volumes, dynamics, segmentation and prices.
It also offers forecast for the market development in the short and medium term
and the impact COVID-19 has and will have on it. Further, it covers in-depth
analysis of the key market players, industry trends and insights, growth
drivers and challenges and all other factors, influencing the growth of market.
Scope
of the Report
The report
on the global Industrial Hemp Market presents:
·
Historical Data: Market data including
volume, growth rate, value, and dynamics; Market segmentation (by product, by
region and by country; etc.) for the last five years;
·
Strategic Insights for companies
looking to launch new products to diversify their business, exploring leading
countries to establish supply chain, and top countries to increase company
export and go global
·
Comprehensive Regional Market Data:
volume, growth rate, value, market share and dynamics of for the last five
years (broken down by region);
·
Market Dynamics: Analysis of the
factors impacting the market including demand drivers, industry trends and
challenges and the short and the medium-term impact of COVID-19 presently and
in near future;
·
Analysis and forecast for the global
economy and demographics;
·
Supply chain and value chain analysis,
risk analysis of supply side and demand side;
·
Market Forecast for next ten years
(market share, year-on-year growth, volume, value and segmentation by region);
·
Company profiling of key market players
covering company’s Industrial Hemp revenue, sales and market share;
·
Comprehensive coverage of competitive
landscape offering market positioning and snapshot of key business strategies;
·
Porter’s Five Forces analysis;
How Can
You Benefit from This Report?
In this
report you can:
·
Track and identify key market trends
and insights and key drivers behind recent market changes and see the impact
COVID-19 has and will have on the market in both the short and the medium term;
·
Get access to reliable and verified
market data, with which aids you to make confident business decisions;
·
Analysis of market numbers, such as
volume, value, forecasts, dynamics, segmentation and market structure – past,
present and future;
·
Gain competitive intelligence about the
market at low cost as compared to other reports;
·
Understand growth potential countries
and regions, opportunities, growth drivers and barriers on the market;
·
Own data spreadsheet for comparison at
global, regional and for individual country, covered in the report;
·
Analyse countries with highest and
lowest demand for Industrial Hemp and countries in each region which will grow
at highest growth in next five years.
·
Strategically plan business strategy
based on verified market data and expert insights;
·
Identify revenue generation
opportunities in the countries and regions within the market;
·
Get market trend data of last 10 years
and how market growth will unfold in next ten years;
·
Market share analysis and positioning
of leading market players;
·
Get an assessment of competitive
intensity, fragmentation and environment and understand competitive threats;
·
Get hands on data your competitors
might already have and be acting upon;
·
Assess your position on the market,
choose a new product line market to enter or get to know a completely new
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Extensive analysis of all required
market data in one place;
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Empower your marketing, branding,
strategy, product and business development, consumption and supply functions
with valuable market insights;
·
Assess market attractiveness and BPS
analysis for region and country and strategies business activities;
·
Develop your own market entry or market
expansion strategy or validate your current strategy;
·
Get easy to read, perceive and
understand report.
What
Kind of Decisions You Can Make Based on the Data in This Report?
This
report detailed and all-inclusive data on Industrial Hemp Market, providing
valuable support to make vital decisions regarding:
·
Strategic planning;
·
Industry analysis;
·
Target Market/Marketing and sales;
·
Regional and country assessment and
opportunity analysis;
·
Market entry into new product group or
country;
·
Pricing of existing and new products;
·
New product development and Innovation
in existing products;
·
Supply chain management;
·
Market evaluation;
·
Mergers, Expansions, Joint Ventures and
acquisitions.
Who Is
This Report for?
This
report is intended to give broad overview of market to people who already are
working on this market:
·
C-suite Level executives;
·
Directors;
·
Industry strategists;
·
Marketing professionals;
·
Business development professionals;
·
Product developers;
·
Product marketers and strategists;
·
Product managers;
·
Project managers;
·
Suppliers;
· Traders;
This
report also caters to people who are not involved in the market,
representatives of investors, consultants, advisors and financial institutions:
·
Management consultants;
·
Investment managers;
·
Financial professionals;
· M&A managers.
Regional
Coverage
The report on the global Industrial Hemp Market breaks down
the world into the following regions & countries and covers every single one
of them:
Report
Customization
If the report as is does not serve your market research needs, get it customized at free of cost, as per your own specific requirements. Feel free to contact us for more information!