Global Industrial Hemp Market is Driven by Rising Demand of Hemp Based Products

The Industrial Hemp Market is estimated to grow at a CAGR of 21.02% for 2020 to 2027 with factors such as, rising complex structure along with strict government regulations, restraining the market growth in the above mentioned forecasted period.

The Industrial Hemp Market has shown an exceptional penetration in developed economies in Europe due to rising prevalence of large customer base along with rising applications in construction material in this region.

Industrial Hemp Market Scenario

According to Data Bridge Market Research, the  Industrial Hemp Market is witnessing a significant growth in developed economies during the forecast period of 2020-2027 due to factors such as, growing awareness regarding the benefits of recreational hemp, rising applications of hemp in different food products and increasing occurrences of chronic disorders, driving the market swiftly. Moreover, growing investment for the product development, will further create opportunities for the industrial hemp market in the above mentioned forecast period.

Now the question is which are the other regions industrial hemp market is targeting? Data Bridge Market Research has estimated a large growth in North America industrial hemp market will be their next revenue pockets for 2020. The Data bridge market research new reports highlight the major growth factors and opportunities in the industrial hemp market.

For more analysis on the industrial hemp market request for a briefing with our analysts

Scope of the Industrial Hemp Market

The industrial hemp market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of the industrial hemp market is further analyzed based on maximum granularity into further segmentation. On the basis of source, the industrial hemp market is segmented into conventional and organic. Based on type, the industrial hemp market is segmented into hemp seed, hemp seed oil, CBD hemp oil, and hemp fibre. Based on the application, the industrial hemp market is segmented into food, textiles, beverages, personal care products, pharmaceuticals, and others.
  • Hemp, or industrial hemp, is defined as a variety of the Cannabis sativa plant species which is grown specifically for industrial use and can be used to make a wide range of products.

To know more about the study

Key Pointers Covered in Industrial Hemp Market and Forecast to 2027

  • Market Size
  •  Market New Sales Volumes
  •  Market Replacement Sales Volumes
  •  Market By Brands
  •  Market Procedure Volumes
  •  Market Product Price Analysis
  • Market Regulatory Framework and Changes
  •  Market Shares in Different Regions
  •  Recent Developments for Market Competitors
  •  Market Upcoming Applications
  •  Market Innovators Study

Key Market Competitors Covered in the report

  • Hemp Company
  • Ecofibre
  • Hemp Inc
  • GenCanna
  • HempFlax Group B.V.
  • Konoplex, Hemp Oil Canada Inc
  • Hempoland
  • Dun Agro Hemp Group.
  • Colorado Hemp Works, LLC
  • South Hemp Tecno
  • Plains Industrial Hemp Processing Ltd.
  • MH medical hemp

Above are the key players covered in the report, to know about more and exhaustive list of industrial hemp market companies, contact us

Research Methodology: Industrial Hemp Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Related Reports

Browse in Food and Beverage Category Related Reports@