Industry Overview

Global industrial hemp market was valued at USD 4.2 Bn in 2021 and is expected to grow at a CAGR of 18% during 2022 – 2032.

Introduction

The industrial hemp market Intelligence & research report covers an in-depth analysis of the industrial hemp industry with a key focus on the global market trends, growth opportunities,market size (2021), market forecast (2022-2032), key players Investment analysis by countries, significant industry development, etc. The report aims to provide an overview of the global industrial hemp market with detailed market division by offerings, by application, and by regions. The industrial hemp market is projected to register significant growth in specific profiled segments while other market segments are expected to witness a decline in the revenue share over the forecasted period accounting for several influencing factors which are included in the report. The report provides the industry status of the industrial hemp market players with market share, SWOT analysis, porter’s five force analysis, financial analysis & business strategy. The report focuses on providing data on growth opportunities, investment pockets, and regional analysis to leverage industry opportunities and gain a competitive edge in the industrial hemp market.

Industrial Hemp Market Covid-19 Pandemic Impact & Recovery Analysis

The report focuses extensively on the covid-19 pandemic impact on the industrial hemp market across the globe. Major industry players implemented various business strategies to recover from this global challenge which are analyzed in the report. COVID-19 pandemic short-term and long-term effects on the industrial hemp market are provided in the report.

Leading companies in the industrial hemp market are expected to implement key business strategies along with portfolio diversification to gain a competitive edge in the market. Business strategy with pre and post-covid-analysis by key competitors is provided in detail in the competitive landscape mapping segment of the industrial hemp market report.

Industrial Hemp Market Segment Analysis

The report bifurcated the industrial hemp market into key segments such as by-product, by application, and by regions, which represents the global market. Market vendors across the globe in North America, Europe, Asia Pacific, Middle East & Africa, and South America are included in the report. Major factors that influence market growth in the specific segment are analyzed on the Micro and Macro level.  The report also outlines some of the biggest development opportunities, market prediction, the introduction of the new products, and forecasting, numerous economic factors that are key in deciding the industrial hemp market pattern, market attractiveness, and buying decisions.

Industrial Hemp Market Regional Analysis

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Country-level analysis for each region is conducted to determine the leading market region and identify future growth opportunities in various regions.

Competitive Insights

Companies in the industrial hemp market are bifurcated into a leading, emerging, and prominent players for competitive landscape mapping. Prominent players in the industrial hemp market are investing heavily in mergers, acquisitions, partnerships, and research & development of innovative products to gain a larger market share.

Key market players (Direct & Indirect Competitors)

• Parkland Industrial Hemp Growers Cooperative Ltd.
• CBD Biotechnology Co.
• Botanical Genetics, LLC
• Marijuana Company of America Inc.
• HempMeds Brasil
• 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 Industries Operations
• Valley Bio Limited
• Others

Industrial Hemp Market Segmentation

The market intelligence & research report categorizes the industrial hemp market to forecast the revenues and analyze trends in each of the following subsegments:

• By Product (Revenue, USD Million, 2017 – 2032)
  • Seeds
  • Fiber
  • Shives
• By Application (Revenue, USD Million, 2017 – 2032)
  • Animal Care
  • Textiles
  • Automotive
  • Furniture
  • Food & Beverages
  • Paper
  • Construction Materials
  • Personal Care
  • Others
• By Region
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America