Industrial Hemp Market is expected to Reach USD 14.67 Billion by the end of the year 2026 | At CAGR of 16.2%

According to BlueWeave Consulting, The Global Industrial Hemp Market is anticipated to grow at a significant rate during the forecast period. As per our recent market report, the global industrial hemp market is projected to grow from USD 4.41 Billion in the year 2018 to USD 14.67 Billion by the end of the year 2026 at a CAGR of 16.2% during the forecast period 2019-2026.

Global industrial hemp market is growing due to several driving forces. Expanding authorization in the development of industrial hemp and utilitarian properties of hemp seed and hemp seed oil are anticipated to drive the development of the industrial hemp market. The industrial hemp market is driven by variables, for example, expanding sanctioning in the development of industrial hemp, practical properties of hemp seed and hemp seed oil, and their expanded use in various nourishment applications, and an expanding number of ceaseless ailments.

Be that as it may, expanding useful utilization of the modern hemp item in papermaking, materials, biodegradable plastics, fuel, development, and wellbeing nourishment is relied upon to give various development openings in the inevitable years. An expanding request in application enterprises is the key main impetus for the global industrial hemp market development.

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Global Industrial Hemp Market: Competitive Insight

The major players in the global hemp market includes Hemp Poland (Poland), Dun Agro (Netherlands), Colorado Hemp Works (US), Canah International (Romania), South Hemp Tecno (Italy), Plains Industrial Hemp Processing (Canada), and MH Medical Hemp (Germany), Hempco (Canada), Ecofibre (Australia), Hemp Inc. (US), GenCanna (US), HempFlax BV (Netherlands), Konoplex Group (Russia), Hemp Oil Canada (Canada), and BAFA (Germany). These key vendors have broad industry coverage along with strong functional & financial strength.

The Snacks & cereals segment from the application section holds the largest industrial hemp market share in the global industrial hemp market during the forecast period  

The snacks & cereals segment in the nourishment application is evaluated to command the worldwide market in 2019. Hemp is devoured as a morning meal oat because of its supplement rich profile of fundamental unsaturated fats, which are required for the best possible working of the body. Moreover, the developing interest for hemp snacks as post-practice nourishment, because of their high protein content, is required to increase their deals in the coming years.

The hemp fiber segment from the type section holds the largest market share in the global industrial hemp market during the forecast period

Hemp fiber is utilized significantly in the pulp, textile, and paper industry, because of its long and solid filaments when contrasted with cotton. Besides, being a sustainable source material, its application has been expanding in numerous different businesses, for example, development, creature bedding, agribusiness, furniture, and vehicle. Also, its use to acquire biofuels and bio plastics has been relied upon to expand its interest in the coming years.

The conventional source segment from the source section holds the largest market share in the global industrial hemp market during the forecast period

The conventional source segment ruled the modern market as they are less expensive than natural hemp items. Moreover, in spite of the absence of accreditation, routinely developed hemp is wealthy in nutrients and other basic unsaturated fats.

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The Asia Pacific region is expected to hold a significant share in the global industrial hemp market during the forecast period

The Asia Pacific represented the largest market share of the overall industry in 2018. This predominance is ascribed to the broad creation and utilization of hemp fiber in the material and paper industry. Moreover, because of the blasting business sector for beauty care products and individual consideration items in the Asia Pacific district and sanctioning of industrial hemp in nourishment enhancements is assessed to drive the market development.

The objective of the Study:

  • To analyze and forecast the Global Industrial Hemp market size of the market, in terms of value.
  • To examine the careful market segmentation and forecast the market size, in terms value, based on the region by segmenting the Global Industrial Hemp market into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America and their leading countries.
  • To outline, categorized and forecast the global Industrial Hemp market based on the type and Application.
  • To examine competitive developments like technological advancement, services, and regulative framework within the global Industrial Hemp Market.
  • To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
  • To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

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Scope of the Report

By Product Type

  • Seed
  • Fiber
  • Oil

By Source

  • Inorganic
  • Organic

By End-Use

  • Pharmaceutical
  • Food and Beverage
  • Personal Care and Consumer Goods
  • Textile
  • Construction
  • Paper
  • Automobiles Biofuel
  • Plastic Composites
  • Construction

Besides, the report provides an analysis of the Global Industrial Hemp market with respect to the following geographic segments:

North America

  • U.S.
  • Rest of North America

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Middle East and Africa

  • Southern Africa
  • Rest of Middle East and Africa

Latin America

  • Brazil
  • Rest of Latin America

Table of Contents

Chapter: 1.    Research Framework

Chapter:  2.    Research Methodology

Chapter:  3.    Executive Summary

Chapter:  4.    Industry Insights

Chapter:  5.    Global Industrial Hemp Market Overview

Chapter:  6.    Global Industrial Hemp Market By Region

Chapter:  7.    Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, SWOT Analysis and Strategic Outlook)

TOC Continued…

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