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PUBLISHER: Grand View Research | PRODUCT CODE: 1405059
PUBLISHER: Grand View Research | PRODUCT CODE: 1405059
Industrial Hemp Market Size, Share & Trends Analysis Report By Application (Animal Care, Textiles, Food & Beverages), By Product (Seeds, Fiber, Shivs), By Region (North America, Asia Pacific), And Segment Forecasts, 2024 - 2030
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PAGES: 143 Pages
DELIVERY TIME: 2-10 business days
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Industrial Hemp Market Growth & Trends:
The global industrial Hemp Market size was valued at USD 16.82 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2030. The rising product demand from industries, such as agriculture, textiles, personal care, recycling, furniture, food & beverage, paper, and construction materials, is projected to propel market growth. Hemp is increasingly being used in medicinal products and nutritional supplements. The high nutritional values and beneficial fatty acid and protein profile of hemp are driving the demand for hemp products in the market. In addition, hemp oil is used in shampoos, soaps, lotions, bath gels, and other cosmetics, further benefiting the industry growth.
The strength to weight ratio, high tensile strength, and flexural strength of industrial hemp offer desired benefits in bio-composites for automotive parts, fiberboard, aerospace, and packaging. Furthermore, the product demand from the textile, paper, and building materials markets is growing on account of its favorable acoustic and aesthetic properties. The rising demand for eco-friendly products in construction materials, fiberglass alternatives, thermal insulation, and automotive products is expected to promote market growth. The growing demand for technical products, such as varnishes, oil paints, fuel, solvents, chain-saw lubricants, printing inks, putty, and coatings, is expected to have a positive impact on the market growth.
Industrial Hemp Market Report Highlights:
- The seeds product segment accounted for the maximum revenue share in 2022 owing to the increased product usage in nutritional supplements &medicinal and therapeutic products, such as pharmaceuticals
- The product demand in the personal care industry is anticipated to grow at the fastest CAGR from 2022 to 2030 as it increases the skin's natural ability to retain moisture
- The animal care segment also accounted for a significant revenue share in 2021 on account of the high demand for hemp shivs and leaves in animal bedding as their low dust properties make it highly preferable for animals having respiratory issues
- The market for industrial hemp in North America is expected to grow at the fastest CAGR from 2022 to 2030 owing to the legalization of hemp production coupled with the technological advancements in harvesting and use of hemp fiber and hurds
- Asian countries, such as China, have a significant tradition of hemp production and exports, which has allowed these countries to dominate the global market
Product Code: GVR-2-68038-389-8
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Industrial Hemp Market Variables, Trends & Scope
- 3.1. Industrial Hemp - Market Ancillary Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Manufacturing Process
- 3.3. Regulatory Framework
- 3.4. Industrial Hemp - Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.5. Business Environment Analysis: Industrial Hemp Market
- 3.5.1. Porter's Analysis
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.5.2. PESTEL Analysis by SWOT
- 3.5.2.1. Political Landscape
- 3.5.2.2. Environmental Landscape
- 3.5.2.3. Social Landscape
- 3.5.2.4. Technology Landscape
- 3.5.2.5. Economic Landscape
- 3.5.2.6. Legal Landscape
- 3.5.3. Market Disruption Analysis
- 3.5.1. Porter's Analysis
Chapter 4. Industrial Hemp Market: Product Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product Market Share Analysis, 2023 & 2030
- 4.3. Seeds
- 4.3.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 4.4. Fiber
- 4.4.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 4.5. Shivs
- 4.5.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
Chapter 5. Industrial Hemp Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Market Share Analysis, 2023 & 2030
- 5.3. Animal Care
- 5.3.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 5.4. Textiles
- 5.4.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 5.5. Automotive
- 5.5.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 5.6. Furniture
- 5.6.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 5.7. Food & Beverages
- 5.7.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 5.8. Paper
- 5.8.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 5.9. Construction Materials
- 5.9.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 5.10. Personal Care
- 5.10.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 5.11. Others
- 5.11.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
Chapter 6. Industrial Hemp Market: Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Market Share Analysis, 2023 & 2030
- 6.3. North America
- 6.3.1. North America Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 6.3.2. U.S.
- 6.3.2.1. U.S. Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 6.3.3. Canada
- 6.3.3.1. Canada Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 6.4. Europe
- 6.4.1. Europe Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 6.4.2. UK
- 6.4.2.1. UK Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 6.4.3. Germany
- 6.4.3.1. Germany Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 6.4.4. France
- 6.4.4.1. France Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Asia Pacific Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 6.5.2. China
- 6.5.2.1. China Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 6.5.3. India
- 6.5.3.1. India Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 6.5.4. Japan
- 6.5.4.1. Japan Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 6.6. Central & South America
- 6.6.1. Central & South America Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 6.6.2. Brazil
- 6.6.2.1. Brazil Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
- 6.7. Middle East & Africa
- 6.7.1. Middle East & Africa Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Key Players, their Recent Developments, and Their Impact on the Industry
- 7.2. Competitive Landscape
- 7.3. Competitive Environment
- 7.4. Competitive Market Positioning
- 7.5. Strategy Framework
- 7.6. Heat Map Analysis
- 7.7. Key Companies
- 7.7.1. Parkland Industrial Hemp Growers Cooperative Ltd. (PIHG)
- 7.7.1.1. Company overview
- 7.7.1.2. Financial performance
- 7.7.1.3. Product benchmarking
- 7.7.1.4. Strategic initiatives
- 7.7.2. CBD Biotechnology Co., Ltd.
- 7.7.2.1. Company overview
- 7.7.2.2. Financial performance
- 7.7.2.3. Product benchmarking
- 7.7.2.4. Strategic initiatives
- 7.7.3. Botanical Genetics, LLC
- 7.7.3.1. Company overview
- 7.7.3.2. Financial performance
- 7.7.3.3. Product benchmarking
- 7.7.3.4. Strategic initiatives
- 7.7.4. Marijuana Company of America Inc.
- 7.7.4.1. Company overview
- 7.7.4.2. Financial performance
- 7.7.4.3. Product benchmarking
- 7.7.4.4. Strategic initiatives
- 7.7.5. HempMeds Brasil
- 7.7.5.1. Company overview
- 7.7.5.2. Financial performance
- 7.7.5.3. Product benchmarking
- 7.7.5.4. Strategic initiatives
- 7.7.6. Terra Tech Corp
- 7.7.6.1. Company overview
- 7.7.6.2. Financial performance
- 7.7.6.3. Product benchmarking
- 7.7.6.4. Strategic initiatives
- 7.7.7. American Cannabis Company, Inc.
- 7.7.7.1. Company overview
- 7.7.7.2. Financial performance
- 7.7.7.3. Product benchmarking
- 7.7.7.4. Strategic initiatives
- 7.7.8. HempFlax B.V.
- 7.7.8.1. Company overview
- 7.7.8.2. Financial performance
- 7.7.8.3. Product benchmarking
- 7.7.8.4. Strategic initiatives
- 7.7.9. Industrial Hemp Manufacturing, LLC
- 7.7.9.1. Company overview
- 7.7.9.2. Financial performance
- 7.7.9.3. Product benchmarking
- 7.7.9.4. Strategic initiatives
- 7.7.10. American Hemp
- 7.7.10.1. Company overview
- 7.7.10.2. Financial performance
- 7.7.10.3. Product benchmarking
- 7.7.10.4. Strategic initiatives
- 7.7.11. Hemp, Inc.
- 7.7.11.1. Company overview
- 7.7.11.2. Financial performance
- 7.7.11.3. Product benchmarking
- 7.7.11.4. Strategic initiatives
- 7.7.12. Boring Hemp Company
- 7.7.12.1. Company overview
- 7.7.12.2. Financial performance
- 7.7.12.3. Product benchmarking
- 7.7.12.4. Strategic initiatives
- 7.7.13. Plains Industrial Hemp Processing Ltd.
- 7.7.13.1. Company overview
- 7.7.13.2. Financial performance
- 7.7.13.3. Product benchmarking
- 7.7.13.4. Strategic initiatives
- 7.7.14. Ecofiber
- 7.7.14.1. Company overview
- 7.7.14.2. Financial performance
- 7.7.14.3. Product benchmarking
- 7.7.14.4. Strategic initiatives
- 7.7.15. Valley Bio Limited
- 7.7.15.1. Company overview
- 7.7.15.2. Financial performance
- 7.7.15.3. Product benchmarking
- 7.7.15.4. Strategic initiatives
- 7.7.1. Parkland Industrial Hemp Growers Cooperative Ltd. (PIHG)
Product Code: GVR-2-68038-389-8
List of Tables
- Table 1 List of state statutes and public acts on industrial hemp research and cultivation
- Table 2 Industrial hemp market estimates and forecasts, by product, 2018 - 2030 (Tons)
- Table 3 Industrial hemp market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 4 Industrial hemp market estimates and forecasts, by application, 2018 - 2030 (Tons)
- Table 5 Industrial hemp market estimates and forecasts, by application, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market snapshot
- Fig. 2 Market trends & outlook
- Fig. 3 Industrial hemp - Market segmentation
- Fig. 4 Industrial hemp - Value chain analysis
- Fig. 5 Industrial hemp - Market dynamics
- Fig. 6 Market driver analysis
- Fig. 7 U.S. hemp import, 2018 - 2022 (Metric Tons)
- Fig. 8 Market restraint analysis
- Fig. 9 Industrial hemp market - Porters
- Fig. 10 Industrial hemp market - PESTEL analysis
- Fig. 11 Industrial hemp seeds market estimates and forecasts, by product, 2018 - 2030 (Tons)
- Fig. 12 Industrial hemp fiber market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Fig. 13 Industrial hemp shivs market estimates and forecasts, by application, 2018 - 2030 (Tons)
- Fig. 14 Industrial hemp market estimates and forecasts in animal care, 2018 - 2030 (USD Million)
- Fig. 15 Industrial hemp market estimates and forecasts in textiles, 2018 - 2030 (Tons) (USD Million)
- Fig. 16 Industrial hemp market estimates and forecasts in automotive, 2018 - 2030 (Tons) (USD Million)
- Fig. 17 Industrial hemp market estimates and forecasts in furniture, 2018 - 2030 (Tons) (USD Million)
- Fig. 18 Industrial hemp market estimates and forecasts in food & beverages, 2018 - 2030 (Tons) (USD Million)
- Fig. 19 Industrial hemp market estimates and forecasts in paper, 2018 - 2030 (Tons) (USD Million)
- Fig. 20 Industrial hemp market estimates and forecasts in construction materials, 2018 - 2030 (Tons) (USD Million)
- Fig. 21 Industrial hemp market estimates and forecasts in personal care, 2018 - 2030 (Tons) (USD Million)
- Fig. 22 Industrial hemp market estimates and forecasts in other applications, 2018 - 2030 (Tons) (USD Million)
- Fig. 23 North America industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 24 U.S. industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 25 Canada industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 26 Europe industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 27 UK industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 28 Germany industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 29 France industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 30 Asia Pacific industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 31 China industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 32 India industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 33 Japan industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 34 Central & South America industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 35 Brazil industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 36 Middle East & Africa industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
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