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Industrial Hemp Market by Type (Hemp Seed, Hemp Oil, Hemp Fiber and Others), Application (Food and Beverages, Textiles, Personal Care Products, Pharmaceuticals and Others) and By Source (Conventional and Organic): Global Opportunity Analysis and Industry Forecast, 2021–2027

A08684
Pages: 241
Dec 2020 | 1283 Views
 
Author(s) : Nitesh Chouhan, Himanshu Vig , Roshan Deshmukh
Tables: 97
Charts: 47
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global industrial hemp market size was valued at $4.9 billion in 2019, and is projected to reach $18.6 billion by 2027, registering a CAGR of 22.4% from 2021 to 2027. Industrial hemp or hemp is a variety of Cannabis sativa plant species this is grown especially for the commercial purpose. Industrial hemp is a fast-growing, environmentally friendly plant with a low cost to produce. It is also one of the multipurpose and sustainable crops in the world. Moreover, industrial hemp can be refined into a variety of commercial items such as rope, paper, clothing, textiles, insulation, paint, biodegradable plastics, food, biofuel and animal feed. 

Hemp which is also known as cannabis is used in psychoactive drug which is extracted from cannabis plants. Hemp is used for medical or recreational purposes. In addition, hemp helps in reducing pain by altering pain perception pathways in the brain. It is also helpful in preventing conditions that causes chronic pain such as arthritis, migraine, fibromyalgia and endometriosis. It may also reduce cancer treatment side effects like loss of appetite.  Moreover, owing to hemp effect on limbic system, doctors prescribes industrial hemp to treat the following mental and neurological health conditions like anxiety, multiple sclerosis, post-traumatic stress disorder (PTSD), epilepsy, Parkinson’s disease and Tourette syndrome. Furthermore, the relaxing benefit of hemp improves sleep disorders like insomnia. Thus, multiple benefits of hemp further boost the demand of industrial hemp market.

Industrial-Hemp-Market-2020-2027

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The hemp industry continues to provide substantial innovations with respect to the cultivation and machinery to develop hemp plants more effectively. Innovation in cultivation and machinery will give farmer the capability to make the plantation and harvest of industrial hemp triple in volume. However, companies providing hemp and hemp-derived products needs compliance with various regulatory guidelines worldwide.

Across the globe, countries practice and regulate various levels of legalization for various types of hemp. The severe regulatory rules and norms relating to the manufacture and sales of industrial hemp across different states in the similar country could be different for stakeholders and producers to comply with. Furthermore, the norms related with hemp containing tetrahydrocannabinol (THC) and cannabidiol (CBD) also remain great varied from state to state and country to country, which further leads to compliance related with the trading of the commodity. For example, in the U.S. diversified legal policies must be taken into consideration these policies consists of licensure of growers, certification of seed, regulation, legal protection of growers and state-wide commissions. Thus, strict rules and regulation of government across the globe regarding the production of industrial hemp and its diversified uses hampers the growth of the market.

Industrial Hemp Market
By Type

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Hemp Oil segment dominates the global market and is expected to retain its dominance throughout the forecast period.

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With the sudden outbreak of COVID-19 pandemic, majority of the countries had imposed lockdowns, and curfews which has hugely impacted lifestyles, health & wellbeing, and also affected the manufacturing industries, thereby affecting the growth of industrial hemp industry to some extent.

The industrial hemp market has been segmented based on type, application, source and region. Based on type, the industrial hemp market is segmented into hemp seed, hemp oil, hemp fiber and others. Based on application the global market is studied across food and beverages, textiles, personal care products, pharmaceuticals and others. On the basis of source, the market is categorized into conventional and organic. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Industrial Hemp Market
By Application

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Pharmaceuticals segment is expected to grow at a highest CAGR of 25.8% during the forecast period.

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Based on type, the global industrial hemp market is segmented into hemp seed, hemp oil, hemp fiber and others. Hemp oil constitute a major market share; however, the hemp fiber segment is projected to experience growth at the highest CAGR during the industrial hemp market forecast period. There has been a significant increase in the application of hemp fiber in diverse industries like animal bedding, furniture, agriculture and automobile thus driving market expansion.

Based on application, the market is classified into food and beverages, textiles, personal care products, pharmaceuticals and others. Personal care products leads in terms of market share and is expected to continue to grow with robust CAGR during the forecast period. Increase in industrial hemp uses in variety of products including face cream, glow oil, face mask, hand wash, body wash, protector cream, lip balm to augment the industrial hemp market growth. 

Industrial Hemp Market
By Source

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Organic segment is expected to grow at a highest CAGR of 24.4% during the forecast period.

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By source, the market is categorized into conventional and organic. The conventional segment held the major industrial hemp market share in the market, and is projected to remain dominant during the forecast period. However, the organic segment is anticipated to garner significant market growth during the upcoming years.

The key players profiled in the report includes Hempco Food and Fiber Inc., Ecofibre, Hemp Inc., GenCanna, HempFlax Group B.V., The Konoplex Group, South Hemp, Plains Industrial Hemp Processing Ltd., MH medical hemp and Hempro International GmbH & Co. KG

Industrial Hemp Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific dominates the market and is expected to grow with a CAGR of 20.4% during the forecast period

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Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial hemp market analysis from 2019 to 2027 to identify the prevailing industrial hemp market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the industrial hemp market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market. 
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global industrial hemp market trends, key players, market segments, application areas, and market growth strategies. 

Key Market Segments

By  Type  

  • Hemp Seed
  • Hemp Oil 
  • Hemp Fiber
  • Others

By Application

  • Food and Beverages
  • Textiles
  • Personal Care Products
  • Pharmaceuticals
  • Others

By Source

  • Conventional
  • Organic

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Korea
    • ASEAN
    • Rest of Asia-pacific
  • LAMEA
    • Brazil
    • South Africa
    • Turkey
    • Saudi Arabia
    • Rest of LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segment
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Porter's five forces analysis
3.3.Market dynamics

3.3.1.Drivers

3.3.1.1.Increase in use of hemp seed and hemp seed oil in different food application
3.3.1.2.Growing awareness regarding the benefits of recreational hemp
3.3.1.3.Increasing demand for Hemp based in beauty and personal care products

3.3.2.Restraints

3.3.2.1.Complex regulatory structure for the use of industrial hemp

3.3.3.Opportunities

3.3.3.1.New product development from industrial hemp seeds and oil
3.3.3.2.Technological innovation

CHAPTER 4:GLOBAL INDUSTRIAL HEMP MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Hemp seed

4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast
4.2.3.Market analysis by country

4.3.Hemp oil

4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast
4.3.3.Market analysis by country

4.4.Hemp fiber

4.4.1.Key market trends, growth factors and opportunities
4.4.2.Market size and forecast
4.4.3.Market analysis by country

4.5.Others

4.5.1.Key market trends, growth factors and opportunities
4.5.2.Market size and forecast
4.5.3.Market analysis by country

CHAPTER 5:GLOBAL INDUSTRIAL HEMP MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast

5.2.Food and Beverages

5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast
5.2.3.Market analysis by country

5.3.Textiles

5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast
5.3.3.Market analysis by country

5.4.Personal Care Products

5.4.1.Key market trends, growth factors and opportunities
5.4.2.Market size and forecast
5.4.3.Market analysis by country

5.5.Pharmaceuticals

5.5.1.Key market trends, growth factors and opportunities
5.5.2.Market size and forecast
5.5.3.Market analysis by country

5.6.Others

5.6.1.Key market trends, growth factors and opportunities
5.6.2.Market size and forecast
5.6.3.Market analysis by country

CHAPTER 6:GLOBAL INDUSTRIAL HEMP MARKET, BY SOURCE

6.1.Overview

6.1.1.Market size and forecast

6.2.Conventional

6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast
6.2.3.Market analysis by country

6.3.Organic

6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast
6.3.3.Market analysis by country

CHAPTER 7:GLOBAL INDUSTRIAL HEMP MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast, by region

7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast by type
7.2.3.Market size and forecast by application
7.2.4.Market size and forecast by source
7.2.5.Market analysis by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast by type
7.2.5.1.2.Market size and forecast by application
7.2.5.1.3.Market size and forecast by source

7.2.5.2.CANADA

7.2.5.2.1.Market size and forecast by type
7.2.5.2.2.Market size and forecast by application
7.2.5.2.3.Market size and forecast by source

7.2.5.3.MEXICO

7.2.5.3.1.Market size and forecast by type
7.2.5.3.2.Market size and forecast by application
7.2.5.3.3.Market size and forecast by source

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast by type
7.3.3.Market size and forecast by application
7.3.4.Market size and forecast by source
7.3.5.Market analysis by country

7.3.5.1.UK

7.3.5.1.1.Market size and forecast by type
7.3.5.1.2.Market size and forecast by application
7.3.5.1.3.Market size and forecast by source

7.3.5.2.GERMANY

7.3.5.2.1.Market size and forecast by type
7.3.5.2.2.Market size and forecast by application
7.3.5.2.3.Market size and forecast by source

7.3.5.3.FRANCE

7.3.5.3.1.Market size and forecast by type
7.3.5.3.2.Market size and forecast by application
7.3.5.3.3.Market size and forecast by source

7.3.5.4.RUSSIA

7.3.5.4.1.Market size and forecast by type
7.3.5.4.2.Market size and forecast by application
7.3.5.4.3.Market size and forecast by source

7.3.5.5.ITALY

7.3.5.5.1.Market size and forecast by type
7.3.5.5.2.Market size and forecast by application
7.3.5.5.3.Market size and forecast by source

7.3.5.6.SPAIN

7.3.5.6.1.Market size and forecast by type
7.3.5.6.2.Market size and forecast by application
7.3.5.6.3.Market size and forecast by source

7.3.5.7.REST OF EUROPE

7.3.5.7.1.Market size and forecast by type
7.3.5.7.2.Market size and forecast by application
7.3.5.7.3.Market size and forecast by source

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast by type
7.4.3.Market size and forecast by application
7.4.4.Market size and forecast by source
7.4.5.Market analysis by country

7.4.5.1.CHINA

7.4.5.1.1.Market size and forecast by type
7.4.5.1.2.Market size and forecast by application
7.4.5.1.3.Market size and forecast by source

7.4.5.2.JAPAN

7.4.5.2.1.Market size and forecast by type
7.4.5.2.2.Market size and forecast by application
7.4.5.2.3.Market size and forecast by source

7.4.5.3.INDIA

7.4.5.3.1.Market size and forecast by type
7.4.5.3.2.Market size and forecast by application
7.4.5.3.3.Market size and forecast by source

7.4.5.4.AUSTRALIA AND NEW ZEALAND

7.4.5.4.1.Market size and forecast by type
7.4.5.4.2.Market size and forecast by application
7.4.5.4.3.Market size and forecast by source

7.4.5.5.KOREA

7.4.5.5.1.Market size and forecast by type
7.4.5.5.2.Market size and forecast by application
7.4.5.5.3.Market size and forecast by source

7.4.5.6.ASEAN

7.4.5.6.1.Market size and forecast by type
7.4.5.6.2.Market size and forecast by application
7.4.5.6.3.Market size and forecast by source

7.4.5.7.REST OF ASIA-PACIFIC

7.4.5.7.1.Market size and forecast by type
7.4.5.7.2.Market size and forecast by application
7.4.5.7.3.Market size and forecast by source

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast by type
7.5.3.Market size and forecast by application
7.5.4.Market size and forecast by source
7.5.5.Market analysis by country

7.5.5.1.BRAZIL

7.5.5.1.1.Market size and forecast by type
7.5.5.1.2.Market size and forecast by application
7.5.5.1.3.Market size and forecast by source

7.5.5.2.SOUTH AFRICA

7.5.5.2.1.Market size and forecast by type
7.5.5.2.2.Market size and forecast by application
7.5.5.2.3.Market size and forecast by source

7.5.5.3.TURKEY

7.5.5.3.1.Market size and forecast by type
7.5.5.3.2.Market size and forecast by application
7.5.5.3.3.Market size and forecast by source

7.5.5.4.SAUDI ARABIA

7.5.5.4.1.Market size and forecast by type
7.5.5.4.2.Market size and forecast by application
7.5.5.4.3.Market size and forecast by source

7.5.5.5.REST OF LAMEA

7.5.5.5.1.Market size and forecast by type
7.5.5.5.2.Market size and forecast by application
7.5.5.5.3.Market size and forecast by source

LIST OF TABLES

TABLE 01.GLOBAL INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 02.INDUSTRIAL HEMP MARKET REVENUE FOR HEMP SEED, BY REGION, 2019–2027 ($MILLION)
TABLE 03.INDUSTRIAL HEMP MARKET REVENUE FOR HEMP OIL, BY REGION, 2019–2027 ($MILLION)
TABLE 04.INDUSTRIAL HEMP MARKET REVENUE FOR HEMP FIBER, BY REGION, 2019–2027 ($MILLION)
TABLE 05.INDUSTRIAL HEMP MARKET REVENUE FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 06.GLOBAL INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 07.INDUSTRIAL HEMP MARKET REVENUE FOR FOOD AND BEVERAGES, BY REGION, 2019–2027 ($MILLION)
TABLE 08.INDUSTRIAL HEMP MARKET REVENUE FOR TEXTILES, BY REGION, 2019–2027 ($MILLION)
TABLE 09.INDUSTRIAL HEMP MARKET REVENUE FOR PERSONAL CARE PRODUCTS, BY REGION, 2019–2027 ($MILLION)
TABLE 10.INDUSTRIAL HEMP MARKET REVENUE FOR PHARMACEUTICALS, BY REGION, 2019–2027 ($MILLION)
TABLE 11.INDUSTRIAL HEMP MARKET REVENUE FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 12.GLOBAL INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 13.INDUSTRIAL HEMP MARKET REVENUE FOR CONVENTIONAL, BY REGION, 2019–2027 ($MILLION)
TABLE 14.INDUSTRIAL HEMP MARKET REVENUE FOR ORGANIC , BY REGION, 2019–2027 ($MILLION)
TABLE 15.INDUSTRIAL HEMP MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 16.NORTH AMERICA INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 17.NORTH AMERICA INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 18.NORTH AMERICA INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 19.NORTH AMERICA INDUSTRIAL HEMP MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 20.U.S. INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 21.U.S. INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 22.U.S. INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 23.CANADA INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 24.CANADA INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 25.CANADA INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 26.MEXICO INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 27.MEXICO INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 28.MEXICO INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 29.EUROPE INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 30.EUROPE INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 31.EUROPE INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 32.EUROPE INDUSTRIAL HEMP MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 33.UK INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 34.UK INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 35.UK INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 36.GERMANY INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 37.GERMANY INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 38.GERMANY INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 39.FRANCE INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 40.FRANCE INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 41.FRANCE INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 42.RUSSIA INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 43.RUSSIA INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 44.RUSSIA INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 45.ITALY INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 46.ITALY INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 47.ITALY INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 48.SPAIN INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 49.SPAIN INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 50.SPAIN INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 51.REST OF EUROPE INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 52.REST OF EUROPE INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 53.REST OF EUROPE INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 54.ASIA-PACIFIC INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 55.ASIA-PACIFIC INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 56.ASIA-PACIFIC INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 57.ASIA-PACIFIC INDUSTRIAL HEMP MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 58.CHINA INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 59.CHINA INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 60.CHINA INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 61.JAPAN INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 62.JAPAN INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 63.JAPAN INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 64.INDIA INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 65.INDIA INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 66.INDIA INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 67.AUSTRALIA AND NEW ZEALAND INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 68.AUSTRALIA AND NEW ZEALAND INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 69.AUSTRALIA AND NEW ZEALAND INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 70.KOREA INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 71.KOREA INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 72.KOREA INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 73.ASEAN INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 74.ASEAN INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 75.ASEAN INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 76.REST OF ASIA-PACIFIC INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 77.REST OF ASIA-PACIFIC INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 78.REST OF ASIA-PACIFIC INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 79.LAMEA INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 80.LAMEA INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 81.LAMEA INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 82.LAMEA INDUSTRIAL HEMP MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 83.BRAZIL INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 84.BRAZIL INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 85.BRAZIL INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 86.SOUTH AFRICA INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 87.SOUTH AFRICA INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 88.SOUTH AFRICA INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 89.TURKEY INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 90.TURKEY INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 91.TURKEY INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 92.SAUDI ARABIA INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 93.SAUDI ARABIA INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 94.SAUDI ARABIA INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 95.REST OF LAMEA INDUSTRIAL HEMP MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 96.REST OF LAMEA INDUSTRIAL HEMP MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 97.REST OF LAMEA INDUSTRIAL HEMP MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP IMPACTING FACTORS
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06.LOW THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.HIGH INTENSITY OF RIVALRY
FIGURE 09.MODERATE BARGAINING POWER OF BUYERS
FIGURE 10.GLOBAL INDUSTRIAL HEMP MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 11.GLOBAL INDUSTRIAL HEMP MARKET, BY TYPE, 2019 (%)
FIGURE 12.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR HEMP SEED, BY COUNTRY, 2019 & 2027 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR HEMP OIL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR HEMP FIBER, BY COUNTRY, 2019 & 2027 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR OTHERS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 16.GLOBAL INDUSTRIAL HEMP MARKET, BY APPLICATION, 2019 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR FOOD AND BEVERAGES, BY COUNTRY, 2019 & 2027 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR TEXTILES, BY COUNTRY, 2019 & 2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR PERSONAL CARE PRODUCTS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR PHARMACEUTICALS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR OTHERS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 22.GLOBAL INDUSTRIAL HEMP MARKET, BY SOURCE, 2019 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR CONVENTIONAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR ORGANIC, BY COUNTRY, 2019 & 2027 (%)
FIGURE 25.GLOBAL INDUSTRIAL HEMP MARKET, BY REGION, 2019 (%)
FIGURE 26.U.S. INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 27.CANADA INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 28.MEXICO INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 29.UK INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 30.GERMANY INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 31.FRANCE INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 32.RUSSIA INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 33.ITALY INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 34.SPAIN INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 35.REST OF EUROPE INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 36.CHINA INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 37.JAPAN INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 38.INDIA INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 39.AUSTRALIA AND NEW ZEALAND INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 40.KOREA INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 41.ASEAN INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 42.REST OF ASIA-PACIFIC INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 43.BRAZIL INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 44.SOUTH AFRICA INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 45.TURKEY INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 46.SAUDI ARABIA INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 47.REST OF LAMEA INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)

 
 

Technology advancements in the hemp industry will heavily shape the future of the industrial hemp industry. Innovation in cultivation and machinery will give farmer the ability to make the plantation and harvest of industrial hemp triple in volume. One example of these latest technological inventions of the hemp industry is machinery developed by Canadian Greenfield Technologies Corporation. The innovative design allows the farmers to separate and process raw hemp by separating the fibers, hurds and leaves upon harvest. Thus novel technology innovation is making easier for farmer to produce and distribute hemp for commercial use. Another machinery which develops a tool used to convert every hemp to seed oils, lignin, sugars, flowers and pulp. These components can be achieved quickly by using this machine, which the hemp industry use as ingredients to mix with other products for medicinal purposes. The technological innovations through manufacturing and cultivation machines make every hemp industry capable of producing hemp medicines more than traditional farming. Thus, technological inventions with regards to the hemp industry further augments the industrial hemp market.

 
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A. The total value of industrial hemp market in 2027 is $18.6 billion.

A. The forecast period in the industrial hemp market report is from 2021-2027.

A. The base year calculated in the industrial hemp market report is 2019.

A. The top companies hold the market share in the industrial hemp market are Hempco Food and Fiber Inc., Ecofibre, Hemp Inc., GenCanna, HempFlax Group B.V., The Konoplex Group, South Hemp, Plains Industrial Hemp Processing Ltd., MH medical hemp and Hempro International GmbH & Co. KG.

A. Hemp oil is the most influencing segment growing in the industrial hemp market report.

A. Personal care products segment holds the maximum market share of the industrial hemp market.

A. The company profile has been selected on the basis of prominent players in the market.

A. The growth % of emerging countries like China is 47.1%.

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