Product Code: VMR11210792
The global demand for Industrial Hemp Market is presumed to reach the market size of nearly USD 49.87 Billion by 2032 from USD 8.24 Billion in 2023 with a CAGR of 22.6% under the study period 2024 - 2032.
Industrial hemp is a variety of cannabis sativa cultivated specifically for its industrial uses, distinct from marijuana varieties. It is grown for its fiber, seeds, and oils, which have many applications in the textiles, construction, automotive, and consumer goods industries. This hemp is characterized by its low tetrahydrocannabinol (THC) content, typically less than 0.3%, which means it does not produce psychoactive effects. The plant's fibers produce eco-friendly textiles, ropes, and building materials, while the seeds and oils are utilized in food products, cosmetics, and health supplements. This hemp is regulated in many regions to ensure compliance with legal standards and maximize its economic and environmental benefits.
Market Dynamics
The rising demand for sustainable & eco-friendly products drives the industrial hemp market. As industries & consumers become more environmentally conscious, there is a growing preference for materials and products derived from industrial hemp due to its minimal environmental impact and renewable nature. Hemp fibers, for example, are used to produce sustainable textiles and biodegradable composites, aligning with the trend towards green manufacturing and sustainable consumption. The expansion of the hemp-based products sector presents significant opportunities for market growth. The versatility of industrial purposes allows hemp to be applied in numerous industries, including automotive, construction, and health. Innovations in hemp-based materials, such as hempcrete for construction and bio-composites for automotive parts, showcase industrial hemp's potential to replace traditional, less sustainable materials.
Legal and regulatory changes also create opportunities for the market. The increasing legalization and de-regulation of industrial hemp cultivation in various countries, including the United States and the European Union, facilitate market expansion by improving access to raw materials and encouraging investment in hemp-based industries. These regulatory shifts support the growth of hemp farming and processing, enhancing market potential. The rise of health and wellness trends further drives demand for industrial-purpose hemp products. Hemp seeds and oils are recognized for their nutritional benefits and are increasingly incorporated into health supplements, functional foods, and cosmetic products. This trend aligns with consumer interest in natural and holistic health solutions. However, regulatory uncertainties and fluctuating prices for hemp products can restrain market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of industrial hemp.
Market Segmentation
The broad industrial hemp market has been sub-grouped into product type, end-user and nature. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- Hemp Seed
- Hemp Seed Oil
- CBD Hemp Oil
- Hemp Bast
- Hemp Hurd
By Source
By Application
- Food & Beverages
- Textiles
- Pharmaceuticals
- Personal Care Products
- Animal Nutrition
- Paper
- Construction Materials
- Other Applications
- Regional Analysis
- Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for industrial hemp in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
- The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Industrial Hemp market include 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), and MH Medical Hemp GmbH (Germany). An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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TABLE OF CONTENTS
1. PREFACE
- 1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology
2. EXECUTIVE SUMMARY
- 2.1. Highlights of Market
- 2.2. Global Market Snapshot
3. INDUSTRIAL HEMP - INDUSTRY ANALYSIS
- 3.1. Introduction - Market Dynamics
- 3.2. Market Drivers
- 3.3. Market Restraints
- 3.4. Opportunities
- 3.5. Industry Trends
- 3.6. Porter's Five Force Analysis
- 3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Source
- 3.7.3 Market Attractiveness Analysis By Application
- 3.7.4 Market Attractiveness Analysis By Region
4. VALUE CHAIN ANALYSIS
- 4.1. Value Chain Analysis
- 4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
- 4.3. List of Potential Buyers
- 4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend
5. GLOBAL INDUSTRIAL HEMP MARKET ANALYSIS BY TYPE
- 5.1. Overview By Type
- 5.2. Historical and Forecast Data
- 5.3. Analysis By Type
- 5.4. Hemp Seed Historic and Forecast Sales By Regions
- 5.5. Hemp Seed Oil Historic and Forecast Sales By Regions
- 5.6. CBD Hemp Oil Historic and Forecast Sales By Regions
- 5.7. Hemp Bast Historic and Forecast Sales By Regions
- 5.8. Hemp Hurd Historic and Forecast Sales By Regions
6. GLOBAL INDUSTRIAL HEMP MARKET ANALYSIS BY SOURCE
- 6.1. Overview By Source
- 6.2. Historical and Forecast Data
- 6.3. Analysis By Source
- 6.4. Conventional Historic and Forecast Sales By Regions
- 6.5. Organic Historic and Forecast Sales By Regions
7. GLOBAL INDUSTRIAL HEMP MARKET ANALYSIS BY APPLICATION
- 7.1. Overview By Application
- 7.2. Historical and Forecast Data
- 7.3. Analysis By Application
- 7.4. Food & Beverages Historic and Forecast Sales By Regions
- 7.5. Textiles Historic and Forecast Sales By Regions
- 7.6. Pharmaceuticals Historic and Forecast Sales By Regions
- 7.7. Personal Care Products Historic and Forecast Sales By Regions
- 7.8. Animal Nutrition Historic and Forecast Sales By Regions
- 7.9. Paper Historic and Forecast Sales By Regions
- 7.10. Construction Materials Historic and Forecast Sales By Regions
8. GLOBAL INDUSTRIAL HEMP MARKET ANALYSIS BY GEOGRAPHY
- 8.1. Regional Outlook
- 8.2. Introduction
- 8.3. North America Sales Analysis
- 8.3.1 Overview, Historic and Forecast Data Sales Analysis
- 8.3.2 North America By Segment Sales Analysis
- 8.3.3 North America By Country Sales Analysis
- 8.3.4 United States Sales Analysis
- 8.3.5 Canada Sales Analysis
- 8.3.6 Mexico Sales Analysis
- 8.4. Europe Sales Analysis
- 8.4.1 Overview, Historic and Forecast Data Sales Analysis
- 8.4.2 Europe By Segment Sales Analysis
- 8.4.3 Europe By Country Sales Analysis
- 8.4.4 United Kingdom Sales Analysis
- 8.4.5 France Sales Analysis
- 8.4.6 Germany Sales Analysis
- 8.4.7 Italy Sales Analysis
- 8.4.8 Russia Sales Analysis
- 8.4.9 Rest Of Europe Sales Analysis
- 8.5. Asia Pacific Sales Analysis
- 8.5.1 Overview, Historic and Forecast Data Sales Analysis
- 8.5.2 Asia Pacific By Segment Sales Analysis
- 8.5.3 Asia Pacific By Country Sales Analysis
- 8.5.4 China Sales Analysis
- 8.5.5 India Sales Analysis
- 8.5.6 Japan Sales Analysis
- 8.5.7 South Korea Sales Analysis
- 8.5.8 Australia Sales Analysis
- 8.5.9 South East Asia Sales Analysis
- 8.5.10 Rest Of Asia Pacific Sales Analysis
- 8.6. Latin America Sales Analysis
- 8.6.1 Overview, Historic and Forecast Data Sales Analysis
- 8.6.2 Latin America By Segment Sales Analysis
- 8.6.3 Latin America By Country Sales Analysis
- 8.6.4 Brazil Sales Analysis
- 8.6.5 Argentina Sales Analysis
- 8.6.6 Peru Sales Analysis
- 8.6.7 Chile Sales Analysis
- 8.6.8 Rest of Latin America Sales Analysis
- 8.7. Middle East & Africa Sales Analysis
- 8.7.1 Overview, Historic and Forecast Data Sales Analysis
- 8.7.2 Middle East & Africa By Segment Sales Analysis
- 8.7.3 Middle East & Africa By Country Sales Analysis
- 8.7.4 Saudi Arabia Sales Analysis
- 8.7.5 UAE Sales Analysis
- 8.7.6 Israel Sales Analysis
- 8.7.7 South Africa Sales Analysis
- 8.7.8 Rest Of Middle East And Africa Sales Analysis
9. COMPETITIVE LANDSCAPE OF THE INDUSTRIAL HEMP COMPANIES
- 9.1. Industrial Hemp Market Competition
- 9.2. Partnership/Collaboration/Agreement
- 9.3. Merger And Acquisitions
- 9.4. New Product Launch
- 9.5. Other Developments
10. COMPANY PROFILES OF INDUSTRIAL HEMP INDUSTRY
- 10.1. Top Companies Market Share Analysis
- 10.2. Market Concentration Rate
- 10.3. Marijuana Company Of America Inc. (US)
- 10.3.1 Company Overview
- 10.3.2 Company Revenue
- 10.3.3 Products
- 10.3.4 Recent Developments
- 10.4. Cronos Group Inc. (Canada)
- 10.4.1 Company Overview
- 10.4.2 Company Revenue
- 10.4.3 Products
- 10.4.4 Recent Developments
- 10.5. Ecofibre Limited (Australia)
- 10.5.1 Company Overview
- 10.5.2 Company Revenue
- 10.5.3 Products
- 10.5.4 Recent Developments
- 10.6. Green Thumb Industries (US). Curaleaf Holdings Inc. (US)
- 10.6.1 Company Overview
- 10.6.2 Company Revenue
- 10.6.3 Products
- 10.6.4 Recent Developments
- 10.7. GenCanna (US)
- 10.7.1 Company Overview
- 10.7.2 Company Revenue
- 10.7.3 Products
- 10.7.4 Recent Developments
- 10.8. HempFlax BV (Netherlands)
- 10.8.1 Company Overview
- 10.8.2 Company Revenue
- 10.8.3 Products
- 10.8.4 Recent Developments
- 10.9. Konoplex Group (Russia)
- 10.9.1 Company Overview
- 10.9.2 Company Revenue
- 10.9.3 Products
- 10.9.4 Recent Developments
- 10.10. Hemp Oil Canada (Canada)
- 10.10.1 Company Overview
- 10.10.2 Company Revenue
- 10.10.3 Products
- 10.10.4 Recent Developments
- 10.11. BAFA (Germany)
- 10.11.1 Company Overview
- 10.11.2 Company Revenue
- 10.11.3 Products
- 10.11.4 Recent Developments
- 10.12. Dun Agro Hemp Group (Netherlands)
- 10.12.1 Company Overview
- 10.12.2 Company Revenue
- 10.12.3 Products
- 10.12.4 Recent Developments
- 10.13. Colorado Hemp Works (US)
- 10.13.1 Company Overview
- 10.13.2 Company Revenue
- 10.13.3 Products
- 10.13.4 Recent Developments
- 10.14. Canah International (Romania)
- 10.14.1 Company Overview
- 10.14.2 Company Revenue
- 10.14.3 Products
- 10.14.4 Recent Developments
- 10.15. South Hemp Tecno (Italy)
- 10.15.1 Company Overview
- 10.15.2 Company Revenue
- 10.15.3 Products
- 10.15.4 Recent Developments
- 10.16. MH Medical Hemp GmbH (Germany).
- 10.16.1 Company Overview
- 10.16.2 Company Revenue
- 10.16.3 Products
- 10.16.4 Recent Developments
Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies