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2021
Industrial Hemp Market

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 | 3350 Views
   
Author(s) : Nitesh Chouhan, Himanshu Vig , Roshan Deshmukh
Tables: 97
Charts: 60
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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 Application
    • Food and Beverages
    • Textiles
    • Personal Care Products
    • Pharmaceuticals
    • Others
  • By Type
    • Hemp Seed
    • Hemp Oil
    • Hemp Fiber
    • 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


Key Market Players

  • ECOFIBRE LTD
  • GENCANNA
  • HEMP, INC
  • AURORA CANNABIS INC.
  • HEMPFLAX GROUP B.V.
  • HEMPRO INT. GMBH & CO. KG
  • MARIJUANA COMPANY OF AMERICA, INC.
  • MH MEDICAL HEMP GMBH
  • PLAINS INDUSTRIAL HEMP PROCESSING LTD.
  • SOUTH HEMP TECNO S.R.L.
 

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
2.1.3.Value chain analysis
2.1.4.Processing and extraction

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 seeds and hemp seed oil in different food applications
3.3.1.2.Rise in awareness regarding benefits of recreational hemp
3.3.1.3.Increase in demand for hemp in beauty and personal care products

3.3.2.Restraint

3.3.2.1.Complex regulatory structure for 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 innovations

3.4.COVID-19 impact on industrial hemp market

CHAPTER 4: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:INDUSTRIAL HEMP MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast

5.2.Food & 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: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: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

CHAPTER 8:COMPETITION LANDSCAPE

8.1.Top player positioning
8.2.Top winning strategies
8.3.Product mapping
8.4.Competitive dashboard
8.5.Competitive heat map
8.6.Key developments

8.6.1.Acquisition
8.6.2.Product Launch

CHAPTER 9:COMPANY PROFILES

9.1.ECOFIBRE LTD

9.1.1.Company overview
9.1.2.Key Executives
9.1.3.Company snapshot
9.1.4.Operating business segments
9.1.5.Product portfolio
9.1.6.Business performance
9.1.7.Key strategic moves and developments

9.2.GENCANNA

9.2.1.Company overview
9.2.2.Key Executive
9.2.3.Company snapshot
9.2.4.Product portfolio

9.3.HEMP, INC

9.3.1.Company overview
9.3.2.Key Executive
9.3.3.Company snapshot
9.3.4.Product portfolio
9.3.5.Business performance
9.3.6.Key strategic moves and developments

9.4.AURORA CANNABIS INC.

9.4.1.Company overview
9.4.2.Key Executives
9.4.3.Company snapshot
9.4.4.Product portfolio
9.4.5.Business performance
9.4.6.Key strategic moves and developments

9.5.HEMPFLAX GROUP B.V.

9.5.1.Company overview
9.5.2.Key Executive
9.5.3.Company snapshot
9.5.4.Product portfolio

9.6.HEMPRO INT. GMBH & CO. KG

9.6.1.Company overview
9.6.2.Key Executives
9.6.3.Company snapshot
9.6.4.Product portfolio

9.7.MARIJUANA COMPANY OF AMERICA, INC.

9.7.1.Company overview
9.7.2.Key Executives
9.7.3.Company snapshot
9.7.4.Product portfolio
9.7.5.Business performance
9.7.6.Key strategic moves and developments

9.8.MH MEDICAL HEMP GMBH

9.8.1.Company overview
9.8.2.Company snapshot
9.8.3.Product portfolio

9.9.PLAINS INDUSTRIAL HEMP PROCESSING LTD.

9.9.1.Company overview
9.9.2.Company snapshot
9.9.3.Product portfolio

9.10.SOUTH HEMP TECNO S.R.L.

9.10.1.Company overview
9.10.2.Company snapshot
9.10.3.Product portfolio

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 ($MILLION)
TABLE 98.ECOFIBRE LTD: KEY EXECUTIVES
TABLE 99.ECOFIBRE LTD: COMPANY SNAPSHOT
TABLE 100.ECOFIBRE LTD: OPERATING SEGMENTS
TABLE 101.ECOFIBRE LTD: PRODUCT PORTFOLIO
TABLE 102.ECOFIBRE LTD: NET SALES, 2017–2019 ($MILLION)
TABLE 103.GENCANNA: KEY EXECUTIVE
TABLE 104.GENCANNA: COMPANY SNAPSHOT
TABLE 105.GENCANNA: PRODUCT PORTFOLIO
TABLE 106.HEMP, INC: KEY EXECUTIVE
TABLE 107.HEMP, INC: COMPANY SNAPSHOT
TABLE 108.HEMP, INC: PRODUCT PORTFOLIO
TABLE 109.HEMP, INC: NET SALES, 2017–2019 ($MILLION)
TABLE 110.AURORA CANNABIS INC.: KEY EXECUTIVES
TABLE 111.AURORA CANNABIS INC.: COMPANY SNAPSHOT
TABLE 112.AURORA CANNABIS INC.: PRODUCT PORTFOLIO
TABLE 113.AURORA CANNABIS INC.: NET SALES, 2017–2019 ($MILLION)
TABLE 114.HEMPFLAX GROUP B.V.: KEY EXECUTIVE
TABLE 115.HEMPFLAX GROUP B.V.: COMPANY SNAPSHOT
TABLE 116.HEMPFLAX GROUP B.V.: PRODUCT PORTFOLIO
TABLE 117.HEMPRO INT. GMBH & CO. KG: KEY EXECUTIVES
TABLE 118.HEMPRO INT. GMBH & CO. KG: COMPANY SNAPSHOT
TABLE 119.HEMPRO INT. GMBH & CO. KG: PRODUCT PORTFOLIO
TABLE 120.MARIJUANA COMPANY OF AMERICA, INC. : KEY EXECUTIVES
TABLE 121.MARIJUANA COMPANY OF AMERICA, INC. : COMPANY SNAPSHOT
TABLE 122.MARIJUANA COMPANY OF AMERICA, INC. : PRODUCT PORTFOLIO
TABLE 123.MARIJUANA COMPANY OF AMERICA, INC. : NET SALES, 2017–2019 ($MILLION)
TABLE 124.MH MEDICAL HEMP GMBH: COMPANY SNAPSHOT
TABLE 125.MH MEDICAL HEMP GMBH: PRODUCT PORTFOLIO
TABLE 126.PLAINS INDUSTRIAL HEMP PROCESSING LTD.: COMPANY SNAPSHOT
TABLE 127.PLAINS INDUSTRIAL HEMP PROCESSING LTD.: PRODUCT PORTFOLIO
TABLE 128.SOUTH HEMP TECNO S.R.L.: COMPANY SNAPSHOT
TABLE 129.SOUTH HEMP TECNO S.R.L.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP IMPACTING FACTORS
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.VALUE CHAIN ANALYSIS
FIGURE 06.PROCESING AND EXTRACTION
FIGURE 07.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 08.LOW THREAT OF NEW ENTRANTS
FIGURE 09.MODERATE THREAT OF SUBSTITUTES
FIGURE 10.HIGH INTENSITY OF RIVALRY
FIGURE 11.MODERATE BARGAINING POWER OF BUYERS
FIGURE 12.INDUSTRIAL HEMP MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 13.GLOBAL INDUSTRIAL HEMP MARKET, BY TYPE, 2019 (%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR HEMP SEED, BY COUNTRY,  2019 & 2027 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR HEMP OIL, BY COUNTRY,  2019 & 2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR HEMP FIBER, BY COUNTRY, 2019 & 2027 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR OTHERS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 18.GLOBAL INDUSTRIAL HEMP MARKET, BY APPLICATION, 2019 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR FOOD AND BEVERAGES, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR TEXTILES, BY COUNTRY,  2019 & 2027 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR PERSONAL CARE PRODUCTS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR PHARMACEUTICALS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR OTHERS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 24.GLOBAL INDUSTRIAL HEMP MARKET, BY SOURCE, 2019 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR CONVENTIONAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS FOR INDUSTRIAL HEMP MARKET REVENUE FOR ORGANIC, BY COUNTRY,  2019 & 2027 (%)
FIGURE 27.GLOBAL INDUSTRIAL HEMP MARKET, BY REGION, 2019 (%)
FIGURE 28.U.S. INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 29.CANADA INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 30.MEXICO INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 31.UK INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 32.GERMANY INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 33.FRANCE INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 34.RUSSIA INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 35.ITALY INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 36.SPAIN INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 37.REST OF EUROPE INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 38.CHINA INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 39.JAPAN INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 40.INDIA INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 41.AUSTRALIA AND NEW ZEALAND INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 42.KOREA INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 43.ASEAN INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 44.REST OF ASIA-PACIFIC INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 45.BRAZIL INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 46.SOUTH AFRICA INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 47.TURKEY INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 48.SAUDI ARABIA INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 49.REST OF LAMEA INDUSTRIAL HEMP MARKET, 2019–2027 ($MILLION)
FIGURE 50.TOP PLAYER POSITIONING OF TOP 10 KEY PLAYERS
FIGURE 51.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2020* (%)
FIGURE 52.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020*
FIGURE 53.PRODUCT MAPPING OF TOP 10 KEY PLAYERS
FIGURE 54.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 55.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 56.ECOFIBRE LTD: NET SALES, 2017–2019 ($MILLION)
FIGURE 57.ECOFIBRE LTD: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 58.HEMP, INC: NET SALES, 2017–2019 ($MILLION)
FIGURE 59.AURORA CANNABIS INC.: NET SALES, 2017–2019 ($MILLION)
FIGURE 60.MARIJUANA COMPANY OF AMERICA, INC. : NET SALES, 2017–2019 ($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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