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Industrial Hemp Market Size, Share & Trends Analysis Report by Product (Seeds, Fiber, Shivs), by Application (Animal Care, Textiles, Personal Care), by Region (North America, APAC), and Segment Forecasts, 2022-2030

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  • 143 Pages
  • February 2022
  • Region: Global
  • Grand View Research
  • ID: 4599577
Description Jump to:
The global industrial hemp market size is expected to reach USD 16.75 billion by 2030, registering a CAGR of 16.8% over the forecast period. The rising product demand from industries, such as agriculture, textiles, personal care, recycling, furniture, food & beverage, paper, and construction materials, is projected to propel market growth. Hemp is increasingly being used in medicinal products and nutritional supplements. The high nutritional values and beneficial fatty acid and protein profile of hemp are driving the demand for hemp products in the market. In addition, hemp oil is used in shampoos, soaps, lotions, bath gels, and other cosmetics, further benefiting the industry growth.



The strength to weight ratio, high tensile strength, and flexural strength of industrial hemp offer desired benefits in bio-composites for automotive parts, fiberboard, aerospace, and packaging. Furthermore, the product demand from the textile, paper, and building materials markets is growing on account of its favorable acoustic and aesthetic properties. The rising demand for eco-friendly products in construction materials, fiberglass alternatives, thermal insulation, and automotive products is expected to promote market growth. The growing demand for technical products, such as varnishes, oil paints, fuel, solvents, chain-saw lubricants, printing inks, putty, and coatings, is expected to have a positive impact on the market growth.

Industrial Hemp Market Report Highlights

  • The seeds product segment accounted for the maximum revenue share in 2021 owing to the increased product usage in nutritional supplements &medicinal and therapeutic products, such as pharmaceuticals.
  • The product demand in the personal care industry is anticipated to grow at the fastest CAGR from 2022 to 2030 as it increases the skin’s natural ability to retain moisture.
  • The animal care segment also accounted for a significant revenue share in 2021 on account of the high demand for hemp shivs and leaves in animal bedding as their low dust properties make it highly preferable for animals having respiratory issues.
  • The market for industrial hemp in North America is expected to grow at the fastest CAGR from 2022 to 2030 owing to the legalization of hemp production coupled with the technological advancements in harvesting and use of hemp fiber and hurds.
  • Asian countries, such as China, have a significant tradition of hemp production and exports, which has allowed these countries to dominate the global market.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Industrial Hemp Market Variables, Trends & Scope
3.1. Industrial Hemp-Market Segmentation
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.4. Manufacturing Process
3.5. Regulatory Framework
3.6. Industrial Hemp-Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.7. Business Environment Analysis: Industrial Hemp Market
3.7.1. Porter's Analysis
3.7.1.1. Supplier Power
3.7.1.2. Buyer Power
3.7.1.3. Substitution Threat
3.7.1.4. Threat from New Entrant
3.7.1.5. Competitive Rivalry
3.7.2. PESTEL Analysis
3.7.2.1. Political Landscape
3.7.2.2. Environmental Landscape
3.7.2.3. Social Landscape
3.7.2.4. Technology Landscape
3.7.2.5. Economic Landscape
3.7.2.6. Legal Landscape
Chapter 4. Industrial Hemp Market: Product Estimates & Trend Analysis
4.1. Industrial Hemp Market: Product Movement Analysis, 2021 & 2030
4.2. Seeds
4.2.1. Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
4.3. Fiber
4.3.1. Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
4.4. Shivs
4.4.1. Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
Chapter 5. Industrial Hemp Market: Application Estimates & Trend Analysis
5.1. Industrial Hemp Market: Application Movement Analysis, 2021 & 2030
5.2. Animal Care
5.2.1. Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
5.3. Textiles
5.3.1. Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
5.4. Automotive
5.4.1. Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
5.5. Furniture
5.5.1. Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
5.6. Food & Beverages
5.6.1. Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
5.7. Paper
5.7.1. Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
5.8. Construction Materials
5.8.1. Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
5.9. Personal Care
5.9.1. Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
5.10. Others
5.10.1. Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
Chapter 6. Industrial Hemp Market: Regional Estimates & Trend Analysis
6.1. Industrial Hemp Market: Regional Movement Analysis, 2021 & 208
6.2. North America
6.2.1. North America Industrial Hemp Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
6.2.2. North America Industrial Hemp Market Estimates and Forecasts, By Product, 2017-2030 (Tons) (USD Million)
6.2.3. North America Industrial Hemp Market Estimates and Forecasts, By Application, 2017-2030 (Tons) (USD Million)
6.2.4. U.S.
6.2.4.1. U.S. Industrial Hemp Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
6.2.4.2. U.S. Industrial Hemp Market Estimates and Forecasts, By Product, 2017-2030 (Tons) (USD Million)
6.2.4.3. U.S. Industrial Hemp Market Estimates and Forecasts, By Application, 2017-2030 (Tons) (USD Million)
6.2.5. Canada
6.2.5.1. Canada Industrial Hemp Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
6.2.5.2. Canada Industrial Hemp Market Estimates and Forecasts, by product, 2017-2030 (Tons) (USD Million)
6.2.5.3. Canada Industrial Hemp Market Estimates and Forecasts, by application, 2017-2030 (Tons) (USD Million)
6.3. Europe
6.3.1. Europe Industrial Hemp Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
6.3.2. Europe Industrial Hemp Market Estimates and Forecasts, By Product, 2017-2030 (Tons) (USD Million)
6.3.3. Europe Industrial Hemp Market Estimates and Forecasts, By Application, 2017-2030 (Tons) (USD Million)
6.3.4. U.K.
6.3.4.1. U.K. Industrial Hemp Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
6.3.4.2. U.K. Industrial Hemp Market Estimates and Forecasts, By Product, 2017-2030 (Tons) (USD Million)
6.3.4.3. U.K. Industrial Hemp Market Estimates and Forecasts, By Application, 2017-2030 (Tons) (USD Million)
6.3.5. Germany
6.3.5.1. Germany Industrial Hemp Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
6.3.5.2. Germany Industrial Hemp Market Estimates and Forecasts, By Product, 2017-2030 (Tons) (USD Million)
6.3.5.3. Germany Industrial Hemp Market Estimates and Forecasts, By Application, 2017-2030 (Tons) (USD Million)
6.3.6. France
6.3.6.1. France Industrial Hemp Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
6.3.6.2. France Industrial Hemp Market Estimates and Forecasts, By Product, 2017-2030 (Tons) (USD Million)
6.3.6.3. France Industrial Hemp Market Estimates and Forecasts, By Application, 2017-2030 (Tons) (USD Million)
6.4. Asia Pacific
6.4.1. Asia Pacific Industrial Hemp Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
6.4.2. Asia Pacific Industrial Hemp Market Estimates and Forecasts, By Product, 2017-2030 (Tons) (USD Million)
6.4.3. Asia Pacific Industrial Hemp Market Estimates and Forecasts, By Application, 2017-2030 (Tons) (USD Million)
6.4.4. China
6.4.4.1. China Industrial Hemp Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
6.4.4.2. China Industrial Hemp Market Estimates and Forecasts, By Product, 2017-2030 (Tons) (USD Million)
6.4.4.3. China Industrial Hemp Market Estimates and Forecasts, By Application, 2017-2030 (Tons) (USD Million)
6.4.5. India
6.4.5.1. India Industrial Hemp Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
6.4.5.2. India Industrial Hemp Market Estimates and Forecasts, By Product, 2017-2030 (Tons) (USD Million)
6.4.5.3. India Industrial Hemp Market Estimates and Forecasts, By Application, 2017-2030 (Tons) (USD Million)
6.4.6. Japan
6.4.6.1. Japan Industrial Hemp Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
6.4.6.2. Japan Industrial Hemp Market Estimates and Forecasts, By Product, 2017-2030 (Tons) (USD Million)
6.4.6.3. Japan Industrial Hemp Market Estimates and Forecasts, By Application, 2017-2030 (Tons) (USD Million)
6.5. Central & South America
6.5.1. Central & South America Industrial Hemp Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
6.5.2. Central & South America Industrial Hemp Market Estimates and Forecasts, By Product, 2017-2030 (Tons) (USD Million)
6.5.3. Central & South America Industrial Hemp Market Estimates and Forecasts, By Application, 2017-2030 (Tons) (USD Million)
6.5.4. Brazil
6.5.4.1. Brazil Industrial Hemp Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
6.5.4.2. Brazil Industrial Hemp Market Estimates and Forecasts, By Product, 2017-2030 (Tons) (USD Million)
6.5.4.3. Brazil Industrial Hemp Market Estimates and Forecasts, By Application, 2017-2030 (Tons) (USD Million)
6.6. Middle East & Africa
6.6.1. Middle East & Africa Industrial Hemp Market Estimates and Forecasts, 2017-2030 (Tons) (USD Million)
6.6.2. Middle East & Africa Industrial Hemp Market Estimates and Forecasts, By Product, 2017-2030 (Tons) (USD Million)
6.6.3. Middle East & Africa Industrial Hemp Market Estimates and Forecasts, By Application, 2017-2030 (Tons) (USD Million)
Chapter 7. Competitive Landscape
7.1. Competitive Landscape
7.2. Vendor Landscape
7.3. Competitive Environment
7.4. Competitive Market Positioning
7.5. Strategy Framework
7.6. Heat Map Analysis
7.7. List of Key Companies
Chapter 8. Company Profiles
8.1. Parkland Industrial Hemp Growers Cooperative Ltd. (PIHG)
8.1.1. Company overview
8.1.2. Financial performance
8.1.3. Product benchmarking
8.1.4. Strategic initiatives
8.2. CBD Biotechnology Co., Ltd.
8.2.1. Company overview
8.2.2. Financial performance
8.2.3. Product benchmarking
8.2.4. Strategic initiatives
8.3. Botanical Genetics, LLC
8.3.1. Company overview
8.3.2. Financial performance
8.3.3. Product benchmarking
8.3.4. Strategic initiatives
8.4. Marijuana Company of America Inc.
8.4.1. Company overview
8.4.2. Financial performance
8.4.3. Product benchmarking
8.4.4. Strategic initiatives
8.5. HempMedsBrasil
8.5.1. Company overview
8.5.2. Financial performance
8.5.3. Product benchmarking
8.5.4. Strategic initiatives
8.6. Terra Tech Corp
8.6.1. Company overview
8.6.2. Financial performance
8.6.3. Product benchmarking
8.6.4. Strategic initiatives
8.7. American Cannabis Company, Inc.
8.7.1. Company overview
8.7.2. Financial performance
8.7.3. Product benchmarking
8.7.4. Strategic initiatives
8.8. HempFlax B.V.
8.8.1. Company overview
8.8.2. Financial performance
8.8.3. Product benchmarking
8.8.4. Strategic initiatives
8.9. Industrial Hemp Manufacturing, LLC
8.9.1. Company overview
8.9.2. Financial performance
8.9.3. Product benchmarking
8.9.4. Strategic initiatives
8.10. American Hemp
8.10.1. Company overview
8.10.2. Financial performance
8.10.3. Product benchmarking
8.10.4. Strategic initiatives
8.11. Hemp, Inc.
8.11.1. Company overview
8.11.2. Financial performance
8.11.3. Product benchmarking
8.11.4. Strategic initiatives
8.12. Boring Hemp Company
8.12.1. Company overview
8.12.2. Financial performance
8.12.3. Product benchmarking
8.12.4. Strategic initiatives
8.13. Plains Industrial Hemp Processing Ltd.
8.13.1. Company overview
8.13.2. Financial performance
8.13.3. Product benchmarking
8.13.4. Strategic initiatives
8.14. Ecofiber
8.14.1. Company overview
8.14.2. Financial performance
8.14.3. Product benchmarking
8.14.4. Strategic initiatives
8.15. Valley Bio Limited
8.15.1. Company overview
8.15.2. Financial performance
8.15.3. Product benchmarking
8.15.4. Strategic initiatives
List of Tables
Table 1 List of state statutes and public acts on industrial hemp research and cultivation
Table 2 Industrial hemp seeds market estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 3 Industrial hemp fiber market estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 4 Industrial hemp shivs market estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 5 Industrial hemp market estimates and forecasts in animal care, 2017-2030 (Tons) (USD Million)
Table 6 Industrial hemp market estimates and forecasts in textiles, 2017-2030 (Tons) (USD Million)
Table 7 Industrial hemp market estimates and forecasts in automotive, 2017-2030 (Tons) (USD Million)
Table 8 Industrial hemp market estimates and forecasts in furniture, 2017-2030 (Tons) (USD Million)
Table 9 Industrial hemp market estimates and forecasts in food & beverages, 2017-2030 (Tons) (USD Million)
Table 10 Industrial hemp market estimates and forecasts in paper, 2017-2030 (Tons) (USD Million)
Table 11 Industrial hemp market estimates and forecasts in construction materials, 2017-2030 (Tons) (USD Million)
Table 12 Industrial hemp market estimates and forecasts in personal care, 2017-2030 (Tons) (USD Million)
Table 13 Industrial hemp market estimates and forecasts in other applications, 2017-2030 (Tons) (USD Million)
Table 14 North America industrial hemp market volume and revenue estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 15 North America industrial hemp market volume estimates and forecasts, by product, 2017-2030 (Tons)
Table 16 North America industrial hemp market revenue estimates and forecasts, by product, 2017-2030 (USD Million)
Table 17 North America industrial hemp market volume estimates and forecasts, by application, 2017-2030 (Tons)
Table 18 North America industrial hemp market revenue estimates and forecasts, by application, 2017-2030 (USD Million)
Table 19 U.S. industrial hemp market volume and revenue estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 20 U.S. industrial hemp market volume estimates and forecasts, by product, 2017-2030 (Tons)
Table 21 U.S. industrial hemp market revenue estimates and forecasts, by product, 2017-2030 (USD Million)
Table 22 U.S. industrial hemp market volume estimates and forecasts, by application, 2017-2030 (Tons)
Table 23 U.S. industrial hemp market revenue estimates and forecasts, by application, 2017-2030 (USD Million)
Table 24 Canada industrial hemp market volume and revenue estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 25 Canada industrial hemp market volume estimates and forecasts, by product, 2017-2030 (Tons)
Table 26 Canada industrial hemp market revenue estimates and forecasts, by product, 2017-2030 (USD Million)
Table 27 Canada industrial hemp market volume estimates and forecasts, by application, 2017-2030 (Tons)
Table 28 Canada industrial hemp market revenue estimates and forecasts, by application, 2017-2030 (USD Million)
Table 29 Europe industrial hemp market volume and revenue estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 30 Europe industrial hemp market volume estimates and forecasts, by product, 2017-2030 (Tons)
Table 31 Europe industrial hemp market revenue estimates and forecasts, by product, 2017-2030 (USD Million)
Table 32 Europe industrial hemp market volume estimates and forecasts, by application, 2017-2030 (Tons)
Table 33 Europe industrial hemp market revenue estimates and forecasts, by application, 2017-2030 (USD Million)
Table 34 U.K. industrial hemp market volume and revenue estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 35 U.K. industrial hemp market volume estimates and forecasts, by product, 2017-2030 (Tons)
Table 36 U.K. industrial hemp market revenue estimates and forecasts, by product, 2017-2030 (USD Million)
Table 37 U.K. industrial hemp market volume estimates and forecasts, by application, 2017-2030 (Tons)
Table 38 U.K. industrial hemp market revenue estimates and forecasts, by application, 2017-2030 (USD Million)
Table 39 Germany industrial hemp market volume and revenue estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 40 Germany industrial hemp market volume estimates and forecasts, by product, 2017-2030 (Tons)
Table 41 Germany industrial hemp market revenue estimates and forecasts, by product, 2017-2030 (USD Million)
Table 42 Germany industrial hemp market volume estimates and forecasts, by application, 2017-2030 (Tons)
Table 43 Germany industrial hemp market revenue estimates and forecasts, by application, 2017-2030 (USD Million)
Table 44 France industrial hemp market volume and revenue estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 45 France industrial hemp market volume estimates and forecasts, by product, 2017-2030 (Tons)
Table 46 France industrial hemp market revenue estimates and forecasts, by product, 2017-2030 (USD Million)
Table 47 France industrial hemp market volume estimates and forecasts, by application, 2017-2030 (Tons)
Table 48 France industrial hemp market revenue estimates and forecasts, by application, 2017-2030 (USD Million)
Table 49 Asia Pacific industrial hemp market volume and revenue estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 50 Asia Pacific industrial hemp market volume estimates and forecasts, by product, 2017-2030 (Tons)
Table 51 Asia Pacific industrial hemp market revenue estimates and forecasts, by product, 2017-2030 (USD Million)
Table 52 Asia Pacific industrial hemp market volume estimates and forecasts, by application, 2017-2030 (Tons)
Table 53 Asia Pacific industrial hemp market revenue estimates and forecasts, by application, 2017-2030 (USD Million)
Table 54 China industrial hemp market volume and revenue estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 55 China industrial hemp market volume estimates and forecasts, by product, 2017-2030 (Tons)
Table 56 China industrial hemp market revenue estimates and forecasts, by product, 2017-2030 (USD Million)
Table 57 China industrial hemp market volume estimates and forecasts, by application, 2017-2030 (Tons)
Table 58 China industrial hemp market revenue estimates and forecasts, by application, 2017-2030 (USD Million)
Table 59 India industrial hemp market volume and revenue estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 60 India industrial hemp market volume estimates and forecasts, by product, 2017-2030 (Tons)
Table 61 India industrial hemp market revenue estimates and forecasts, by product, 2017-2030 (USD Million)
Table 62 India industrial hemp market volume estimates and forecasts, by application, 2017-2030 (Tons)
Table 63 India industrial hemp market revenue estimates and forecasts, by application, 2017-2030 (USD Million)
Table 64 Japan industrial hemp market volume and revenue estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 65 Japan industrial hemp market volume estimates and forecasts, by product, 2017-2030 (Tons)
Table 66 Japan industrial hemp market revenue estimates and forecasts, by product, 2017-2030 (USD Million)
Table 67 Japan industrial hemp market volume estimates and forecasts, by application, 2017-2030 (Tons)
Table 68 Japan industrial hemp market revenue estimates and forecasts, by application, 2017-2030 (USD Million)
Table 69 Central & South America industrial hemp market volume and revenue estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 70 Central & South America industrial hemp market volume estimates and forecasts, by product, 2017-2030 (Tons)
Table 71 Central & South America industrial hemp market revenue estimates and forecasts, by product, 2017-2030 (USD Million)
Table 72 Central & South America industrial hemp market volume estimates and forecasts, by application, 2017-2030 (Tons)
Table 73 Central & South America industrial hemp market revenue estimates and forecasts, by application, 2017-2030 (USD Million)
Table 74 Brazil industrial hemp market volume and revenue estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 75 Brazil industrial hemp market volume estimates and forecasts, by product, 2017-2030 (Tons)
Table 76 Brazil industrial hemp market revenue estimates and forecasts, by product, 2017-2030 (USD Million)
Table 77 Brazil industrial hemp market volume estimates and forecasts, by application, 2017-2030 (Tons)
Table 78 Brazil industrial hemp market revenue estimates and forecasts, by application, 2017-2030 (USD Million)
Table 79 Middle East & Africa industrial hemp market volume and revenue estimates and forecasts, 2017-2030 (Tons) (USD Million)
Table 80 Middle East & Africa industrial hemp market volume estimates and forecasts, by product, 2017-2030 (Tons)
Table 81 Middle East & Africa industrial hemp market revenue estimates and forecasts, by product, 2017-2030 (USD Million)
Table 82 Middle East & Africa industrial hemp market volume estimates and forecasts, by application, 2017-2030 (Tons)
Table 83 Middle East & Africa industrial hemp market revenue estimates and forecasts, by application, 2017-2030 (USD Million)
List of Figures
Fig. 1 Market snapshot
Fig. 2 Market trends & outlook
Fig. 3 Industrial hemp - Market segmentation
Fig. 4 Industrial hemp - Value chain analysis
Fig. 5 Industrial hemp - Market dynamics
Fig. 6 Market driver analysis
Fig. 7 U.S. hemp import, 2017 - 2021 (Metric Tons)
Fig. 8 Market restraint analysis
Fig. 9 Industrial hemp market - Porters
Fig. 10 Industrial hemp market - PESTEL analysis
Fig. 11 Industrial hemp: Product movement analysis, 2021 & 2030
Fig. 12 Industrial hemp market: Application movement analysis, 2021 & 2030
Fig. 13 Industrial hemp market: Regional movement analysis, 2021 & 2030

Companies Mentioned

  • Parkland Industrial Hemp Growers Cooperative Ltd. (Pihg)
  • Cbd Biotechnology Co. Ltd.
  • Botanical Genetics, LLC
  • Marijuana Company of America Inc.
  • Hempmedsbrasil
  • 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
  • Valley Bio Limited

Methodology

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Table Information

Report AttributeDetails
No. of Pages143
PublishedFebruary 2022
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 4744.7 Million
Forecasted Market Value ( USD ) by 2030 $ 16750 Million
Compound Annual Growth Rate17.1%
Regions CoveredGlobal
No. of Companies Mentioned15

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