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Industrial Hemp Market by Type (Hemp Seed, Hemp Seed Oil, CBD Hemp Oil, Hemp Bast, Hemp Hurd), Source (Conventional, Organic), Application (Food & Beverages Pharmaceuticals, Textiles, Personal Care Products) and Region - Forecast to 2027

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    Report

  • 267 Pages
  • November 2022
  • Region: Global
  • Markets and Markets
  • ID: 4791504
Description Jump to:

According to the publisher, the global industrial hemp market size is estimated to be valued at USD 6.8 billion in 2022 and is projected to reach USD 18.1 billion by 2027, recording a CAGR of 21.6% in terms of value.

Industrial hemp is defined as the plant Cannabis sativa L. and any part of such plant, whether growing or not, with a delta-9-tetrahydrocannabinol (THC) concentration of not more than 0.3% on a dry weight basis. As industrial hemp contains less than 0.3% tetrahydrocannabinol (THC), it has a wide range of applications in the textile, food, and beverage, construction, animal care, personal care, pharmaceutical, paint, lubricant, bioplastic, and biofuel industries. One of the major drivers of the global industrial hemp market is the legalization of hemp cultivation in various countries.

Furthermore, growing awareness of hemp's nutrient-rich profile and its benefits to human health is expected to boost hemp cultivation even more. The high content of essential fatty acids in hemp seed and oil aids in the prevention of many common ailments, leading to its increased use in food and beverages, pharmaceuticals, and personal care products.

By application, there is an increased use of industrial hemp in animal nutrition, driving the growth of the industrial hemp market

Hemp production produces byproducts, one of which is hemp meal. Because of its high fiber, fat, and protein content, hemp meal is a potential feedstuff for animal agriculture and a possible substitute for soybean meal in many livestock diets. Furthermore, hemp products face regulatory hurdles before they can be legally incorporated into livestock feedstuffs, due to concerns that tetrahydrocannabinol (THC), found in hemp biomass, could be transferred to animal products intended for human consumption. Hempseed and hempseed cakes could be used as feed materials for all animal species, according to the scientific opinion of the European Food Safety Authority (EFSA) Panel on Additives and Products or Substances Used in Animal Feed, with species-specific differences in the rate of inclusion in the diet. Hemp oil, as a rich source of essential fatty acids, can be used as a supplement in animal feed, while hemp seeds and hempseed cakes can be used as a fat and protein source in animal diets.

By type, increase in the popularity of hemp bast drives the growth of industrial hemp market

Hemp bast fibers are cellulosic fibers found in the phloem of bast fiber crops such as industrial hemp which are natural fibers derived from plants. The main components of hemp bast fibers are cellulose (53-91%), hemicellulose (4-18%), lignin (1-21%), and pectin (1-17%). The benefits of bast fibers include lighter product weight, lower energy consumption, and a smaller environmental footprint. Bast fibers can be spun and woven and are thus widely used in the textile industry. Furthermore, bast fibers are far stronger than cotton and do not mildew. Hemp bast fibers have exceptional properties such as strength, durability, and anti-bacterial and anti-fungal properties. Traditional textiles made from hemp fibers include sailcloth and hemp denim. These materials are durable, adaptable, and breathable. The fibers can be used to make strong ropes, twines, and cords that will not rot or degrade even when exposed to salt water. The bast fibers have an excellent strength-to-weight ratio and are used to improve composite panels, which are commonly found in vehicles, aircraft, boots, and ever-changing building structures.

The European region is projected to grow at the highest CAGR during the forecast period

In the forecasted period, the European region will be the fastest growing. The area dedicated to hemp cultivation in the EU has increased significantly in recent years, rising 75% from 19.970 ha in 2015 to 34,960 ha in 2019. France has the largest agricultural area dedicated to hemp cultivation in the EU, with nearly 18,000 hectares, followed by Italy, the Netherlands, and Estonia. Simultaneously, hen production increased by 62.4%, from 103,750 tons to 168,455 tons. France produces the most, accounting for more than 70% of EU output, followed by the Netherlands (10%) and Austria (4%). In Europe, hemp fibers are primarily used for specialty pulp and paper, with applications ranging from cigarette paper to Bible paper, bank notes, and technical filters. However, with the European Commission's increased R&D support and funding, new applications of hemp fibers in automotive and construction materials have emerged. The increased consumption of hemp seeds as food, as well as their widespread use in other food products such as smoothies, yogurt, cereals, and bars, particularly in countries such as Germany and the Netherlands, is expected to drive hemp growth in this region.

The break-up of Primaries:

  • By Value Chain Side: Demand Side - 41%, Supply Side - 59%
  • By Designation: CXOs - 31%, Managers - 24%, D - Level - 30%, and Executives - 45%
  • By Region: Europe - 25%, Asia Pacific - 15%, North America - 45%, RoW - 5%, South America - 10%

Leading players profiled in this report: 

  • Marijuana Company of America Inc. (US)
  • Cronos Group Inc. (Canada)
  • Ecofibre Limited (Australia)
  • Green Thumb Industries (US)
  • Curaleaf Holdings Inc. (US)
  • GenCanna (US)
  • HempFlax BV (Netherlands)
  • Konoplex Group (Russia)
  • Hemp Oil Canada (Canada)
  • BAFA (Germany)
  • Dun Agro Hemp Group (Netherlands)
  • Colorado Hemp Works (US)
  • Canah International (Romania)
  • South Hemp Tecno (Italy)
  • MH Medical Hemp GmbH (Germany)

Research Coverage:

The report segments the industrial hemp market on the basis of type, application, source, and region. In terms of insights, this report has focused on various levels of analyses - the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global industrial hemp, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:

  • To get a comprehensive overview of the industrial hemp market
  • To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
  • To gain insights into the major countries/regions in which the industrial hemp market is flourishing

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
Figure 1 Market Segmentation
1.3.1 Inclusions and Exclusions
1.4 Regions Covered
1.5 Years Considered
1.6 Currency Considered
Table 1 USD Exchange Rates Considered, 2017-2021
1.7 Unit Considered
1.8 Stakeholders
1.9 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Industrial Hemp Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
Figure 3 Breakdown of Primary Interviews by Company Type, Designation, and Region
2.2 Market Size Estimation
Figure 4 Industrial Hemp Market Size Estimation, by Type (Supply Side)
Figure 5 Market for Industrial Hemp Size Estimation (Demand Side)
2.2.1 Market Size Estimation: Bottom-Up Approach
Figure 6 Market for Industrial Hemp Size Estimation: Bottom-Up Approach
2.2.2 Market Size Estimation: Top-Down Approach
Figure 7 Market for Industrial Hemp Size Estimation: Top-Down Approach
2.3 Data Triangulation
Figure 8 Data Triangulation
2.4 Assumptions
2.5 Research Limitations and Associated Risks

3 Executive Summary
Table 2 Industrial Hemp Market Snapshot, 2022 Vs. 2027
Figure 9 Market for Industrial Hemp Size, by Type, 2022 Vs. 2027 (USD Million)
Figure 10 Market for Industrial Hemp Size, by Application, 2022 Vs. 2027 (USD Million)
Figure 11 Market for Industrial Hemp Size, by Source, 2022 Vs. 2027 (USD Million)
Figure 12 Market for Industrial Hemp Share (Value), by Region, 2021

4 Premium Insights
4.1 Attractive Opportunities for Players in Market for Industrial Hemp
Figure 13 Legalization of Hemp Cultivation and Projected Boost in Consumption to Drive Market
4.2 Industrial Hemp Market: Major Regional Submarkets
Figure 14 Canada Projected to Record Highest CAGR During Forecast Period
4.3 Asia-Pacific: Market for Industrial Hemp, by Key Type & Country
Figure 15 China and Hemp Bast Accounted for Largest Shares of Asia-Pacific Market in 2021
4.4 Industrial Hemp Market, by Type & Region
Figure 16 North America Projected to Dominate Market for Industrial Hemp Across Hemp Seed, Hemp Seed Oil, and Cbd Hemp Oil Segments
4.5 Europe: Market for Industrial Hemp, by Application
Figure 17 Food & Beverages Segment Projected to Lead European Market During Forecast Period
4.6 Industrial Hemp Market, by Source & Region
Figure 18 Asia-Pacific Dominated Conventional Segment in 2021

5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Production Scenario: Increasing Production of Hemp
Figure 19 European Union Land Area Used for Hemp Cultivation, 2015-2019 (1,000 Hectares)
5.2.2 Increase in Aging Population
Figure 20 Increasing Population of Individuals Aged 60 and Above (2021-2021)
5.3 Market Dynamics
Figure 21 Industrial Hemp Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Legalization of Industrial Hemp Cultivation
Table 3 Us Statutes and Public Acts on Industrial Hemp Research and Cultivation
5.3.1.2 Growing Use of Hemp Seed and Hemp Seed Oil in Food Applications
5.3.1.3 Rising Incidence of Chronic Diseases
5.3.2 Restraints
5.3.2.1 Complex Regulatory Structure for Use of Industrial Hemp
5.3.2.2 Stigmatization of Hemp Market
5.3.3 Opportunities
5.3.3.1 Development of New Industrial Hemp-Based Products
5.3.3.2 Increasing Preference for Edibles Across Generations
5.3.4 Challenges
5.3.4.1 Unavailability of Suitable Seeds for Cultivation of Industrial Hemp
5.3.4.2 Lack of Processing Facilities and Planting & Harvesting Equipment

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research and Product Development
6.2.2 Raw Material Sourcing
6.2.3 Production
6.2.4 Packaging, Storage, and Distribution
6.2.5 End-users and Retail
Figure 22 Industrial Hemp Market: Value Chain
6.3 Supply Chain Analysis
Figure 23 Industrial Hemp Market: Supply Chain
6.4 Market Mapping and Ecosystem
6.4.1 Demand-Side Companies
6.4.2 Supply-Side Companies
Figure 24 Market for Industrial Hemp: Ecosystem Map
6.4.3 Ecosystem Map
Table 4 Market for Industrial Hemp: Ecosystem
6.5 Trends/Disruptions Impacting Customer Business
6.5.1 Revenue Shift and New Revenue Pockets in Industrial Hemp Market
Figure 25 Revenue Shift Impacting Industrial Hemp Market
6.6 Technology Analysis
6.6.1 Nanoencapsulation
6.6.2 Crop Steering
6.6.3 Drone Farming
6.6.4 IoT Automation
6.7 Pricing Analysis
6.7.1 Average Selling Price, by Product Type (Key Players)
Figure 26 Selling Prices of Key Players, by Hemp Product Type
Table 5 Selling Prices of Key Players, by Product Type
Figure 27 Average Selling Price in Key Regions, by Product Type, 2018-2021 (Usd/Kg)
Table 6 Hemp Seed: Average Selling Price, by Region, 2018-2021 (Usd/Kg)
Table 7 Hemp Seed Oil: Average Selling Price, by Region, 2018-2021 (Usd/Kg)
Table 8 Cbd Hemp Oil: Average Selling Price, by Region, 2018-2021 (Usd/Kg)
Table 9 Hemp Bast: Average Selling Price, by Region, 2018-2021 (Usd/Kg)
Table 10 Hemp Hurd: Average Selling Price, by Region, 2018-2021 (Usd/Kg)
6.8 Industrial Hemp Market: Patent Analysis
Figure 28 Number of Patents Granted for Market for Industrial Hemp, 2011-2021
Figure 29 Top Patent Applicants for Market for Industrial Hemp, 2019-2022
Figure 30 Regional Analysis of Patents Granted for Industrial Hemp Market, 2019-2022
6.8.1 Major Patents
Table 11 Patents in Market for Industrial Hemp, 2019-2022
6.9 Trade Analysis
6.9.1 Export Scenario
Figure 31 Hemp Export, by Key Country, 2017-2021 (USD Thousand)
Table 12 Export Data for Key Countries, 2021 (Value and Volume)
6.9.2 Import Scenario
Figure 32 Hemp Import, by Key Country, 2017-2021 (USD Thousand)
Table 13 Import Data for Key Countries, 2021 (Value and Volume)
6.10 Case Studies: Industrial Hemp Market
6.10.1 Canvaloop Fibre: Provision of Eco-Friendly Hemp
6.10.2 Onyx Agronomics: Use of Precision Cannabis Facility
6.11 Key Conferences and Events, 2022-2023
Table 14 Key Conferences and Events
6.12 Tariff and Regulatory Landscape
6.12.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 16 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 17 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 18 Rest of the World: Regulatory Bodies, Government Agencies, and Other Organizations
6.12.2 Regulatory Framework
6.12.2.1 North America
6.12.2.1.1 US
6.12.2.1.2 Canada
6.12.2.2 Europe
6.12.2.2.1 Germany
6.12.2.2.2 Italy
6.12.2.2.3 Denmark
6.12.2.2.4 Malta
6.12.2.2.5 Netherlands
6.12.2.2.6 France
6.12.2.2.7 Switzerland
6.12.2.2.8 UK
6.12.2.2.9 Belgium
6.12.2.2.10 Poland
6.12.2.2.11 Czech Republic
6.12.2.2.12 Spain
6.12.2.2.13 Austria
6.12.2.2.14 Norway
6.12.2.2.15 Finland
6.12.2.2.16 Croatia
6.12.2.3 Asia-Pacific
6.12.2.3.1 China
6.12.2.3.2 India
6.12.2.3.3 Japan
6.12.2.3.4 New Zealand
6.12.2.3.5 Australia
6.12.2.3.6 Thailand
6.12.2.3.7 South Korea
6.12.2.3.8 Malaysia
6.12.2.4 Rest of the World
6.12.2.4.1 Chile
6.12.2.4.2 Colombia
6.12.2.4.3 Uruguay
6.12.2.4.4 South Africa
6.13 Porter's Five Forces Analysis
Table 19 Industrial Hemp Market: Porter's Five Forces Analysis
6.13.1 Degree of Competition
6.13.2 Bargaining Power of Suppliers
6.13.3 Bargaining Power of Buyers
6.13.4 Threat of Substitutes
6.13.5 Threat of New Entrants
6.14 Key Stakeholders and Buying Criteria
6.14.1 Key Stakeholders in Buying Process
Figure 33 Influence of Stakeholders on Buying Process for Top Applications
Table 20 Influence of Stakeholders on Buying Process for Top Applications (%)
6.14.2 Buying Criteria
Figure 34 Key Criteria for Selecting Supplier/Vendor
Table 21 Key Criteria for Selecting Supplier/Vendor

7 Industrial Hemp Market, by Type
7.1 Introduction
Figure 35 Industrial Hemp Market Share, by Type, 2022 Vs. 2027 (By Value)
Table 22 Market for Industrial Hemp Size, by Type, 2018-2021 (USD Million)
Table 23 Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
Table 24 Market for Industrial Hemp Size, by Type, 2018-2021 (Kt)
Table 25 Market for Industrial Hemp Size, by Type, 2022-2027 (Kt)
7.2 Hemp Seed
7.2.1 High Nutrient Profile Expected to Drive Demand in Food Industry
Table 26 Hemp Seed Market Size, by Region, 2018-2021 (USD Million)
Table 27 Hemp Seed Market Size, by Region, 2022-2027 (USD Million)
Table 28 Hemp Seed Market Size, by Region, 2018-2021 (Kt)
Table 29 Hemp Seed Market Size, by Region, 2022-2027 (Kt)
7.3 Hemp Seed Oil
7.3.1 Suitable for Use in Pharmaceuticals and Other Industries
Table 30 Hemp Seed Oil Market Size, by Region, 2018-2021 (USD Million)
Table 31 Hemp Seed Oil Market Size, by Region, 2022-2027 (USD Million)
Table 32 Hemp Seed Oil Market Size, by Region, 2018-2021 (Kt)
Table 33 Hemp Seed Oil Market Size, by Region, 2022-2027 (Kt)
7.4 Cbd Hemp Oil
7.4.1 Growing Application in Personal Care and Food & Beverage Products to Drive Market
Table 34 Cbd Hemp Oil Market Size, by Region, 2018-2021 (USD Million)
Table 35 Cbd Hemp Oil Market Size, by Region, 2022-2027 (USD Million)
Table 36 Cbd Hemp Oil Market Size, by Region, 2018-2021 (Kt)
Table 37 Cbd Hemp Oil Market Size, by Region, 2022-2027 (Kt)
7.5 Hemp Bast
7.5.1 Ideal for Production of Bioplastics and Construction Material due to Exceptional Strength-To-Weight Ratio
Table 38 Hemp Bast Market Size, by Region, 2018-2021 (USD Million)
Table 39 Hemp Bast Market Size, by Region, 2022-2027 (USD Million)
Table 40 Hemp Bast Market Size, by Region, 2018-2021 (Kt)
Table 41 Hemp Bast Market Size, by Region, 2022-2027 (Kt)
7.6 Hemp Hurd
7.6.1 Versatility Across Applications to Drive Demand
Table 42 Hemp Hurd Market Size, by Region, 2018-2021 (USD Million)
Table 43 Hemp Hurd Market Size, by Region, 2022-2027 (USD Million)
Table 44 Hemp Hurd Market Size, by Region, 2018-2021 (Kt)
Table 45 Hemp Hurd Market Size, by Region, 2022-2027 (Kt)

8 Industrial Hemp Market, by Source
8.1 Introduction
Figure 36 Industrial Hemp Market Share, by Source, 2022 Vs. 2027(By Value)
Table 46 Market for Industrial Hemp Size, by Source, 2018-2021 (USD Million)
Table 47 Market for Industrial Hemp Size, by Source, 2022-2027 (USD Million)
8.2 Conventional
8.2.1 Low Price of Conventional Hemp Seeds to Drive Market
Table 48 Conventional Industrial Hemp Market Size, by Region, 2018-2021 (USD Million)
Table 49 Conventional Market for Industrial Hemp Size, by Region, 2022-2027 (USD Million)
8.3 Organic
8.3.1 Increasing Demand for Organic Hemp Products in Food and Pharmaceuticals Industries
Table 50 Organic Market for Industrial Hemp Size, by Region, 2018-2021 (USD Million)
Table 51 Organic Market for Industrial Hemp Size, by Region, 2022-2027 (USD Million)

9 Industrial Hemp Market, by Application
9.1 Introduction
Figure 37 Industrial Hemp Market Share, by Application, 2022 Vs. 2027 (By Value)
Table 52 Market for Industrial Hemp Size, by Application, 2018-2021 (USD Million)
Table 53 Market for Industrial Hemp Size, by Application, 2022-2027 (USD Million)
9.2 Food & Beverages
9.2.1 Wide-Ranging Applications of Hemp Seed and Hemp Seed Derivatives to Drive Market
Table 54 Food & Beverages: Market for Industrial Hemp Size, by Region, 2018-2021 (USD Million)
Table 55 Food & Beverages: Market for Industrial Hemp Size, by Region, 2022-2027 (USD Million)
9.3 Textiles
9.3.1 Diverse Benefits of Hemp Fiber to Drive Demand
Table 56 Textiles: Market for Industrial Hemp Size, by Region, 2018-2021 (USD Million)
Table 57 Textiles: Market for Industrial Hemp Size, by Region, 2022-2027 (USD Million)
9.4 Pharmaceuticals
9.4.1 Growing Research on Efficacy of Hemp to Treat Various Diseases to Drive Demand
Table 58 Pharmaceuticals: Industrial Hemp Market Size, by Region, 2018-2021 (USD Million)
Table 59 Pharmaceuticals: Market for Industrial Hemp Size, by Region, 2022-2027 (USD Million)
9.5 Personal Care Products
9.5.1 Moisturizing and Anti-Aging Properties of Hemp to Drive Demand
Table 60 Personal Care Products: Market for Industrial Hemp Size, by Region, 2018-2021 (USD Million)
Table 61 Personal Care Products: Market for Industrial Hemp Size, by Region, 2022-2027 (USD Million)
9.6 Animal Nutrition
9.6.1 Regulatory Hurdles for Inclusion of Hemp in Animal Feed to Restrict Demand
Table 62 Animal Nutrition: Market for Industrial Hemp Size, by Region, 2018-2021 (USD Million)
Table 63 Animal Nutrition: Industrial Hemp Market Size, by Region, 2022-2027 (USD Million)
9.7 Paper
9.7.1 Preference for Eco-Friendly Hemp in Paper Production to Drive Demand
Table 64 Paper: Market for Industrial Hemp Size, by Region, 2018-2021 (USD Million)
Table 65 Paper: Market for Industrial Hemp Size, by Region, 2022-2027 (USD Million)
9.8 Construction Materials
9.8.1 Growing Demand for Hemp due to Its Strength and Thermal Insulation Properties to Boost Demand
Table 66 Construction Materials: Industrial Hemp Market Size, by Region, 2018-2021 (USD Million)
Table 67 Construction Materials: Market for Industrial Hemp Size, by Region, 2022-2027 (USD Million)
9.9 Others
Table 68 Others: Industrial Hemp Market Size, by Region, 2018-2021 (USD Million)
Table 69 Others: Market for Industrial Hemp Size, by Region, 2022-2027 (USD Million)

10 Industrial Hemp Market, by Region
10.1 Introduction
Figure 38 Industrial Hemp Market Share (By Value), by Key Country, 2021
Table 70 Market for Industrial Hemp Size, by Region, 2018-2021 (USD Million)
Table 71 Market for Industrial Hemp Size, by Region, 2022-2027 (USD Million)
Table 72 Market for Industrial Hemp Size, by Region, 2018-2021 (Kt)
Table 73 Market for Industrial Hemp Size, by Region, 2022-2027 (Kt)
10.2 North America
Table 74 North America: Industrial Hemp Market Size, by Country, 2018-2021 (USD Million)
Table 75 North America: Market for Industrial Hemp Size, by Country, 2022-2027 (USD Million)
Table 76 North America: Market for Industrial Hemp Size, by Type, 2018-2021 (USD Million)
Table 77 North America: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
Table 78 North America: Market for Industrial Hemp Size, by Type, 2018-2021 (Kt)
Table 79 North America: Market for Industrial Hemp Size, by Type, 2022-2027 (Kt)
Table 80 North America: Industrial Hemp Market Size, by Source, 2018-2021 (USD Million)
Table 81 North America: Market for Industrial Hemp Size, by Source, 2022-2027 (USD Million)
Table 82 North America: Market for Industrial Hemp Size, by Application, 2018-2021 (USD Million)
Table 83 North America: Market for Industrial Hemp Size, by Application, 2022-2027 (USD Million)
10.2.1 US
10.2.1.1 Positive Market Growth due to Legalization of Industrial Hemp Cultivation and Production in Several States
Table 84 US: Market for Industrial Hemp Size, by Type, 2018-2021 (USD Million)
Table 85 US: Industrial Hemp Market Size, by Type, 2022-2027 (USD Million)
10.2.2 Canada
10.2.2.1 Increasing Demand for Hemp-Derived Products Such as Cbd Concentrates to Drive Market
Table 86 Canada: Market for Industrial Hemp Size, by Type, 2018-2021 (USD Million)
Table 87 Canada: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
10.2.3 Mexico
10.2.3.1 High Market Potential due to Conducive Conditions for Hemp Production
Table 88 Mexico: Market for Industrial Hemp Size, by Type, 2018-2021 (USD Million)
Table 89 Mexico: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
10.3 Europe
Figure 39 Europe: Industrial Hemp Market Snapshot
Table 90 Europe: Market for Industrial Hemp Size, by Country, 2018-2021 (USD Million)
Table 91 Europe: Market for Industrial Hemp Size, by Country, 2022-2027 (USD Million)
Table 92 Europe: Industrial Hemp Market Size, by Type, 2018-2021 (USD Million)
Table 93 Europe: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
Table 94 Europe: Market for Industrial Hemp Size, by Type, 2018-2021 (Kt)
Table 95 Europe: Market for Industrial Hemp Size, by Type, 2022-2027 (Kt)
Table 96 Europe: Market for Industrial Hemp Size, by Source, 2018-2021 (USD Million)
Table 97 Europe: Market for Industrial Hemp Size, by Source, 2022-2027 (USD Million)
Table 98 Europe: Market for Industrial Hemp Size, by Application, 2018-2021 (USD Million)
Table 99 Europe: Market for Industrial Hemp Size, by Application, 2022-2027 (USD Million)
10.3.1 Germany
10.3.1.1 Growing Application in Pharmaceuticals to Drive Market Growth
Table 100 Germany: Industrial Hemp Market Size, by Type, 2018-2021 (USD Million)
Table 101 Germany: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
10.3.2 UK
10.3.2.1 Rising Demand for Hemp-Based Food Products to Boost Market
Table 102 UK: Industrial Hemp Market Size, by Type, 2018-2021 (USD Million)
Table 103 UK: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
10.3.3 France
10.3.3.1 Increasing R&D Related to Novel Applications of Hemp Fiber to Positively Influence Market
Table 104 France: Industrial Hemp Market Size, by Type, 2018-2021 (USD Million)
Table 105 France: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
10.3.4 Spain
10.3.4.1 Investments and Acquisitions by Major Global Hemp Corporations to Drive Market
Table 106 Spain: Industrial Hemp Market Size, by Type, 2018-2021 (USD Million)
Table 107 Spain: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
10.3.5 Italy
10.3.5.1 Increased Processing of Hemp Seeds for Human Consumption to Bolster Market
Table 108 Italy: Industrial Hemp Market Size, by Type, 2018-2021 (USD Million)
Table 109 Italy: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
10.3.6 Netherlands
10.3.6.1 Growing Applications of Hemp in Automobile and Construction Industries to Drive Market Growth
Table 110 Netherlands: Industrial Hemp Market Size, by Type, 2018-2021 (USD Million)
Table 111 Netherlands: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
10.3.7 Rest of Europe
10.3.7.1 Rising Use of Hemp in Food and Pharmaceutical Products to Drive Market
Table 112 Rest of Europe: Market for Industrial Hemp Size, by Type, 2018-2021 (USD Million)
Table 113 Rest of Europe: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
10.4 Asia-Pacific
Figure 40 Asia-Pacific: Industrial Hemp Market Snapshot
Table 114 Asia-Pacific: Market for Industrial Hemp Size, by Country, 2018-2021 (USD Million)
Table 115 Asia-Pacific: Market for Industrial Hemp Size, by Country, 2022-2027 (USD Million)
Table 116 Asia-Pacific: Market for Industrial Hemp Size, by Type, 2018-2021 (USD Million)
Table 117 Asia-Pacific: Industrial Hemp Market Size, by Type, 2022-2027 (USD Million)
Table 118 Asia-Pacific: Market for Industrial Hemp Size, by Type, 2018-2021 (Kt)
Table 119 Asia-Pacific: Market for Industrial Hemp Size, by Type, 2022-2027 (Kt)
Table 120 Asia-Pacific: Market for Industrial Hemp Size, by Source, 2018-2021 (USD Million)
Table 121 Asia-Pacific: Market for Industrial Hemp Size, by Source, 2022-2027 (USD Million)
Table 122 Asia-Pacific: Market for Industrial Hemp Size, by Application, 2018-2021 (USD Million)
Table 123 Asia-Pacific: Market for Industrial Hemp Size, by Application, 2022-2027 (USD Million)
10.4.1 China
10.4.1.1 Leading Producer of Hemp Fiber and Hemp Seed due to Relaxed Regulations
Table 124 China: Industrial Hemp Market Size, by Type, 2018-2021 (USD Million)
Table 125 China: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
10.4.2 Australia & New Zealand
10.4.2.1 Increased R&D by Food Companies to Introduce Hemp-Based Products to Propel Market
Table 126 Australia & New Zealand: Industrial Hemp Market Size, by Type, 2018-2021 (USD Million)
Table 127 Australia & New Zealand: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
10.4.3 Japan
10.4.3.1 Revised Drug Laws to Create Opportunities for Hemp-Based Pharmaceuticals
Table 128 Japan: Industrial Hemp Market Size, by Type, 2018-2021 (USD Million)
Table 129 Japan: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
10.4.4 India
10.4.4.1 Increasing Introduction of Hemp-Based Products in Food and Pharmaceuticals Industries to Boost Market
Table 130 India: Market for Industrial Hemp Size, by Type, 2018-2021 (USD Million)
Table 131 India: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
10.4.5 Rest of Asia-Pacific
10.4.5.1 Growing Inclination for Hemp-Derived Cbd Products to Positively Influence Market
Table 132 Rest of Asia-Pacific: Industrial Hemp Market Size, by Type, 2018-2021 (USD Million)
Table 133 Rest of Asia-Pacific: Industrial Hemp Market Size, by Type, 2022-2027 (USD Million)
10.5 Rest of the World (Row)
Table 134 RoW: Market for Industrial Hemp Size, by Region, 2018-2021 (USD Million)
Table 135 RoW: Market for Industrial Hemp Size, by Region, 2022-2027 (USD Million)
Table 136 RoW: Market for Industrial Hemp Size, by Type, 2018-2021 (USD Million)
Table 137 RoW: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
Table 138 RoW: Market for Industrial Hemp Size, by Type, 2018-2021 (Kt)
Table 139 RoW: Market for Industrial Hemp Size, by Type, 2022-2027 (Kt)
Table 140 RoW: Market for Industrial Hemp Size, by Source, 2018-2021 (USD Million)
Table 141 RoW: Market for Industrial Hemp Size, by Source, 2022-2027 (USD Million)
Table 142 RoW: Market for Industrial Hemp Size, by Application, 2018-2021 (USD Million)
Table 143 RoW: Market for Industrial Hemp Size, by Application, 2022-2027 (USD Million)
10.5.1 South America
10.5.1.1 Government Regulations in Favor of Hemp to Contribute to Market Growth
Table 144 South America: Industrial Hemp Market Size, by Type, 2018-2021 (USD Million)
Table 145 South America: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
10.5.2 Middle East
10.5.2.1 Rising Application of Hemp Seed Oil in Personal Care Products to Drive Market
Table 146 Middle East: Market for Industrial Hemp Size, by Type, 2018-2021 (USD Million)
Table 147 Middle East: Market for Industrial Hemp Size, by Type, 2022-2027 (USD Million)
10.5.3 Africa
10.5.3.1 South African Government Support for Cultivation of Hemp Crops to Drive Market Growth
Table 148 Africa: Market for Industrial Hemp Size, by Type, 2018-2021 (USD Million)
Table 149 Africa: Industrial Hemp Market Size, by Type, 2022-2027 (USD Million)

11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis
Table 150 Industrial Hemp Market Share (Competitive)
11.3 Segmental Revenue Analysis of Key Players
Figure 41 Segmental Revenue Analysis of Key Players, 2018-2021 (USD Million)
11.4 Strategies Adopted by Key Players
11.5 Company Evaluation Quadrant (Key Players)
11.5.1 Stars
11.5.2 Pervasive Players
11.5.3 Emerging Leaders
11.5.4 Participants
Figure 42 Industrial Hemp Market, Company Evaluation Quadrant, 2022 (Overall Market)
11.5.5 Product Footprint
Table 151 Company Product Source Footprint
Table 152 Company Product Type Footprint
Table 153 Company Regional Footprint
Table 154 Overall Company Footprint
11.6 Industrial Hemp Market, Startup/Sme Evaluation Quadrant
11.6.1 Progressive Companies
11.6.2 Starting Blocks
11.6.3 Responsive Companies
11.6.4 Dynamic Companies
Figure 43 Market for Industrial Hemp, Company Evaluation Quadrant, 2022 (Startup/Sme)
11.6.5 Competitive Benchmarking
Table 155 Market for Industrial Hemp: Key Startups/Smes
Table 156 Market for Industrial Hemp: Competitive Benchmarking of Key Startups/Smes
11.7 Competitive Scenario
11.7.1 Product Launches
Table 157 Market for Industrial Hemp: Product Launches, July 2019-March 2020
11.7.2 Deals
Table 158 Industrial Hemp Market: Deals, March 2018-September 2022
Table 159 Industrial Hemp Market: Others, November 2018-June 2022

12 Company Profiles
12.1 Key Players
(Business Overview, Products/Services/Solutions Offered, Analyst's View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
12.1.1 Marijuana Company of America, Inc.
Table 160 Marijuana Company of America, Inc.: Business Overview
Figure 44 Marijuana Company of America, Inc.: Company Snapshot
Table 161 Marijuana Company of America, Inc.: Products Offered
Table 162 Marijuana Company of America, Inc.: Product Launches
Table 163 Marijuana Company of America, Inc.: Deals
Table 164 Marijuana Company of America, Inc.: Others
12.1.2 Cronos Group Inc.
Table 165 Cronos Group Inc.: Business Overview
Figure 45 Cronos Group Inc.: Company Snapshot
Table 166 Cronos Group Inc.: Products Offered
Table 167 Cronos Group Inc.: Deals
Table 168 Cronos Group Inc.: Others
12.1.3 Ecofibre Limited
Table 169 Ecofibre Limited: Business Overview
Figure 46 Ecofibre Limited: Company Snapshot
Table 170 Ecofibre Limited: Products Offered
Table 171 Ecofibre Limited: Others
12.1.4 Green Thumb Industries
Table 172 Green Thumb Industries: Business Overview
Figure 47 Green Thumb Industries: Company Snapshot
Table 173 Green Thumb Industries: Products Offered
Table 174 Green Thumb Industries: Deals
12.1.5 Curaleaf Holdings Inc.
Table 175 Curaleaf Holdings Inc.: Business Overview
Figure 48 Curaleaf Holdings Inc.: Company Snapshot
Table 176 Curaleaf Holdings Inc.: Products Offered
Table 177 Curaleaf Holdings Inc.: Deals
Table 178 Curaleaf Holdings Inc.: Others
12.1.6 Gencanna
Table 179 Gencanna: Business Overview
Table 180 Gencanna: Products Offered
Table 181 Gencanna: Deals
12.1.7 Hempflax Bv
Table 182 Hempflax Bv: Business Overview
Table 183 Hempflax Bv: Products Offered
Table 184 Hempflax Bv: Deals
Table 185 Hempflax Bv: Others
12.1.8 Konoplex Group
Table 186 Konoplex Group: Business Overview
Table 187 Konoplex Group: Products Offered
12.1.9 Hemp Oil Canada
Table 188 Hemp Oil Canada: Business Overview
Table 189 Hemp Oil Canada: Products Offered
Table 190 Hemp Oil Canada: Deals
12.1.10 Bafa
Table 191 Bafa: Business Overview
Table 192 Bafa: Products Offered
12.1.11 Dun Agro Hemp Group
Table 193 Dun Agro Hemp Group: Business Overview
Table 194 Dun Agro Hemp Group: Products Offered
Table 195 Dun Agro: Others
12.1.12 Colorado Hemp Works
Table 196 Colorado Hemp Works: Business Overview
Table 197 Colorado Hemp Works: Products Offered
12.1.13 Canah International
Table 198 Canah International: Business Overview, 2021
Table 199 Canah International: Products Offered
12.1.14 South Hemp Tecno
Table 200 South Hemp Tecno: Business Overview
Table 201 South Hemp Tecno: Products Offered
12.1.15 Mh Medical Hemp GmbH
Table 202 Mh Medical Hemp GmbH: Business Overview
Table 203 Mh Medical Hemp GmbH: Products Offered
12.2 Startups/Smes
12.2.1 Hempoland
Table 204 Hempoland: Business Overview
Table 205 Hempoland: Products Offered
Table 206 Hempoland: Deals
12.2.2 Bombay Hemp Company Private Limited
Table 207 Bombay Hemp Company Private Limited: Business Overview
Table 208 Bombay Hemp Company Private Limited: Products Offered
12.2.3 Parkland Industrial Hemp Growers Co-Op. Ltd.
Table 209 Parkland Industrial Hemp Growers Co-Op. Ltd.: Business Overview
Table 210 Parkland Industrial Hemp Growers Co-Op. Ltd.: Products Offered
12.2.4 Hempmeds Brasil
Table 211 Hempmeds Brasil: Business Overview
Table 212 Hempmeds Brasil: Products Offered
Table 213 Hempmeds Brasil.: Product Launches
Table 214 Hempmeds Brasil: Deals
Table 215 Hempmeds Brasil: Others
12.2.5 Ind Hemp
Table 216 Ind Hemp: Business Overview
Table 217 Ind Hemp: Products Offered
Table 218 Ind Hemp: Deals
*Business Overview, Products/Services/Solutions Offered, Analyst's View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments Might Not be Captured in Case of Unlisted Companies.
12.2.6 Blue Sky Hemp Ventures Limited
12.2.7 Minnesota Hemp Farms
12.2.8 East Mesa Inc.
12.2.9 American Hemp
12.2.10 Valley Bio Ltd.

13 Adjacent & Related Markets
13.1 Introduction
13.2 Limitations
13.3 Cannabis Market
13.3.1 Market Definition
13.3.2 Market Overview
13.3.3 Cannabis Market, by Type
Table 219 Cannabis Market, by Product Type, 2018-2021 (USD Million)
Table 220 Cannabis Market, by Product Type, 2022-2027 (USD Million)
Table 221 Cannabis Market, by Product Type, 2018-2021 (Tons)
Table 222 Cannabis Market, by Product Type, 2022-2027 (Tons)
13.3.4 Cannabis Market, by Application
Table 223 Cannabis Market, by Application, 2018-2021 (USD Million)
Table 224 Cannabis Market, by Application, 2022-2027 (USD Million)
13.4 Cannabis Testing Market
13.4.1 Market Definition
13.4.2 Market Overview
13.4.3 Cannabis Testing Market, by Product & Software
Table 225 Cannabis Testing Market, by Product & Software, 2018-2025 (USD Million)
13.4.4 Cannabis Testing Market, by Services
Table 226 Cannabis Testing Market, by Application, 2018-2025 (USD Million)

14 Appendix
14.1 Discussion Guide
14.2 Knowledgestore: The Subscription Portal
14.3 Customization Options

Companies Mentioned

  • American Hemp
  • Bafa
  • Blue Sky Hemp Ventures Limited
  • Bombay Hemp Company Private Limited
  • Canah International
  • Colorado Hemp Works
  • Cronos Group Inc.
  • Curaleaf Holdings Inc.
  • Dun Agro Hemp Group
  • East Mesa Inc.
  • Ecofibre Limited
  • Gencanna
  • Green Thumb Industries
  • Hemp Oil Canada
  • Hempflax Bv
  • Hempmeds Brasil
  • Hempoland
  • Ind Hemp
  • Konoplex Group
  • Marijuana Company of America, Inc.
  • Mh Medical Hemp GmbH
  • Minnesota Hemp Farms
  • Parkland Industrial Hemp Growers Co-Op. Ltd.
  • South Hemp Tecno
  • Valley Bio Ltd.

Methodology

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Table Information

Report AttributeDetails
No. of Pages267
PublishedNovember 2022
Forecast Period2022 - 2027
Estimated Market Value ( USD ) in 2022 $ 6.8 Billion
Forecasted Market Value ( USD ) by 2027 $ 18.1 Billion
Compound Annual Growth Rate21.6%
Regions CoveredGlobal
No. of Companies Mentioned25

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