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The industrial hemp market is forecasted to grow by USD 18.30 billion during 2024-2029, accelerating at a CAGR of 27% during the forecast period. The report on the industrial hemp market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high demand from the textile industry, high demand from China and the US, and high demand for cannabidiol.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The industrial hemp market is segmented as below:
By Product
- Seeds
- Fiber
- Shivs
By Application
- Textile
- Food and beverages
- Personal care
- Animal care
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the industrial hemp market covers the following areas:
- Industrial Hemp Market sizing
- Industrial Hemp Market forecast
- Industrial Hemp Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by Application
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global industrial hemp market: Aurora Cannabis Inc., Bombay Hemp Co. Pvt. Ltd., Boring Hemp Co., Canopy Growth Corp., Charlottes Web Holdings Inc., CV Sciences Inc., Deep Nature Project GmbH, Dun Agro Hemp Group, Ecofibre Ltd., Elixinol Wellness Ltd., GFR Ingredients Ltd., Hanma Investment Group Co. Ltd., Hemp Horizons Private Ltd., HempFlax Group BV, HemPoland Sp zoo, Liaoning Qiaopai Biotech Co. Ltd., Medical Marijuana Inc., Nutiva Inc., Parkland Industrial Hemp Growers Co op. Ltd., and Tilray Brands Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing strategic collaboration, partnership, and mergers and acquisitions."
According to the report, one of the major drivers for this market is the high demand from the textile industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aurora Cannabis Inc.
- Bombay Hemp Co. Pvt. Ltd.
- Boring Hemp Co.
- Canopy Growth Corp.
- Charlottes Web Holdings Inc.
- CV Sciences Inc.
- Deep Nature Project GmbH
- Dun Agro Hemp Group
- Ecofibre Ltd.
- Elixinol Wellness Ltd.
- GFR Ingredients Ltd.
- Hanma Investment Group Co. Ltd.
- Hemp Horizons Private Ltd.
- HempFlax Group BV
- HemPoland Sp zoo
- Liaoning Qiaopai Biotech Co. Ltd.
- Medical Marijuana Inc.
- Nutiva Inc.
- Parkland Industrial Hemp Growers Co op. Ltd.
- Tilray Brands Inc.
