Industrial Hemp Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

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.

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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!