Industrial Hemp Market Size Was Valued at USD 5.3 Billion in 2022, and is Projected to Reach USD 22.49 Billion by 2030, Growing at a CAGR of 19.8% From 2023-2030.
Industrial Hemp plant is a stout, annual, aromatic herb cultivated for its best fibre and edible seeds. The plant is strong, tough, and long-lasting and is mostly used for cordage, e.g., twine, rope, yarn, cable, string, and artificial sponges. Numerous goods, including insulation and building materials, paper, textiles, fibreglass, nutraceuticals, personal care items, bio-plastics, and biofuel are processed from industrial hemp.Without the use of harmful chemicals, herbicides, pesticides, or fertilisers, it is primarily cultivated for food and beverage production as well as non-food-based items. Industrial hemp offers a renewable and environmentally benign raw material for the production of many products, including plastic, paper, and fuel.
Top Company Profiles Include in this Industrial Hemp Market report:
Mohr Hemp (United States),Nutiva (United States),Nutritional High (United States),Olvita (United States),Paradise Hemp (United States),Phoenix Natural Earth Products (United States),Sensient Technologies (United States),Sunstrand (United States),The Hemp Foundry (United States),Vertus Farms (United States),World Wide Hemp (United States),Agrofibra (Canada),Bastfibre Technologies (Canada),Cannaray (Canada),Ecofibre (Canada),Hempco (Canada),Hempitecture (Canada),Linwoods (United Kingdom),Agrofibra (Brazil),Hempact (France),HempFlax (Netherlands),Linwood Hemp (United Kingdom),Mohr Hemp Australia (Australia),Satya Hemp (India)
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The latest research on the Industrial Hemp market provides a comprehensive overview of the market for the years 2022 to 2030. It gives a comprehensive picture of the global Industrial Hemp industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Industrial Hemp market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Segmentation Of Industrial Hemp Market:
By Product Type
- Seeds
- Fiber
By Source
- Organic
- Conventional
By Application
- Animal Care
- Textile
- Foods Beverages
- Pharmaceuticals
- Personal Care
Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Scope Of The Industrial Hemp Market Research Report
Report Metric | Details |
Market size available for years | 2023-2030 |
Base year considered | 2022 |
Forecast period | 2023-2030 |
Forecast units | Billion (USD) |
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