Industrial Hemp Market - Forecast(2024 - 2030)

Report Code: CMR 45256 Report Format: PDF + Excel

Overview

Industrial Hemp Market is forecast to reach $19.7 billion by 2025, after growing at a CAGR of 28% during 2020-2025. Increasing legalization in the cultivation of industrial hemp, functional properties of hemp seed and hemp seed oil, and their rising use in various food applications, and increasing number of chronic diseases are the major factors driving the growth of industrial hemp market.

Report Coverage

The report: “Industrial Hemp Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Industrial Hemp Market.


Key Takeaways

  • Industrial hemp is rich in poly-saturated fats, amino acids omega-3, poly-saturated fatty acids, omega-6, dietary fiber, and plant-based protein. Hemp has the potential of healing tumors, reducing the chances of developing diabetes, and eases pain and stiffness, as well as chronic pain is a vital factor behind the rising demand.

Product - Segment Analysis

The seeds segment is dominating the market with the highest share in 2018, due to increasing demand for hemp grain to obtain seed oil, and food matter due to its high nutritional value and fatty acid content.  

Type - Segment Analysis

The hemp fiber segment is projected to dominate the market during the forecast period. Hemp has two fiber types, bast and hurds.  Bast fibers can be spun and woven, and are therefore used mainly in the textile industry. Growing awareness of the use of hemp fibers as a renewable source for the production of bioplastics and biofuels is expected to drive their demand globally.

Application - Segment Analysis

The textile industry holds the largest share in the industrial hemp market in 2018. The textile industry is one of the largest consumers on the industrial hemp market, as it is used in the manufacture of textiles, denim, apparel, fine textiles and other products. It is also used in the manufacture of several industrial textile goods, including nets, canvas bags, rope, tarps, geotextiles, and carpets. Increasing hemp demand in fiber products manufacturing will further increase the market size of the textile segment on the global industrial hemp market.

Geography - Segment Analysis

North America is dominating the market with the highest share up to 40% in 2018, due to the increasing geriatric population and growing concerns about skin diseases and UV protection, that are expected to drive demand for hemp oil from the region's personal care industry.

Asia Pacific is a rapidly growing region in the production of biodegradable textiles for consumer and industrial applications due to increased fiber consumption. The presence of major supplier countries, including China, Australia, South Korea and India, is expected to have a positive impact on regional growth in 2018.

Drivers – Industrial Hemp Market

• Growing industrial hemp demand from food industry.

The demand for industrial hemp from the food and beverage industry is increasing due to the use of hemp in food products, which are rich in essential fatty acids and vitamin E, as well as minerals such as phosphorus, potassium, sodium, magnesium, calcium, zinc, iron and protein. Hemp is mostly consumed in the form of hemp seed, raw or roasted. It is added to smoothies, cereals, yogurt, and salads. Increased consumption of plant-based protein, due to the popularity of veganism, is expected to increase global demand for hemp-based processed food products such as, flour, cheese, snacks and bars.

Challenges – Industrial Hemp Market

  • Government restrictions on hemp cultivation.

Commercial cultivation of the product is restricted in a number of countries around the globe, as a result of which the industry is largely dependent on imports of raw fiber, seeds and finished products. Low availability of yields, lack of innovation in harvesting and processing facilities and difficulties in transporting the product in highly regulated markets are factors that hinder market growth.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Industrial Hemp Market. In 2019, the market of Industrial Hemp has been consolidated by the top five players accounting for xx% of the share. Major players in the Industrial Hemp Market are Botanical Genetics, LLC, Ecofibre Ltd, Hemp Inc., Plains Industrial Hemp Processing Ltd., Marijuana Company of America Inc., Global Hemp Group Inc., American Hemp LLC, Valley Bio Limited, Boring Hemp Company, and HempFlax BV., among others.

  • In April 2019, Marijuana Company of America Inc. announced that it has officially acquired a 20% ownership interest in Natural Plant Extract of California.
  • In May 2019, Marijuana Company of America Inc., announced that it has signed a joint venture called Riverside Hemp Project to run farming operations in California for the purpose of growing, cultivating, manufacturing, extracting and selling legal hemp and hemp-derived CBD. 
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1. Industrial Hemp Market - Overview
        1.1 Definitions and Scope
2. Industrial Hemp Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Industrial Hemp Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Industrial Hemp Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Industrial Hemp Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Industrial Hemp Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Industrial Hemp Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Industrial Hemp Market - By Product (Market Size -$Million / $Billion)
        8.1 Seed
        8.2 Fiber
        8.3 Shiv
9. Industrial Hemp Market - By Type (Market Size -$Million / $Billion)
10. Industrial Hemp - By Application (Market Size -$Million / $Billion)
        10.1 Animal Care
        10.2 Textile
        10.3 Automotive
        10.4 Furniture
        10.5 Food Beverage
        10.6 Paper
        10.7 Construction Material
        10.8 Personal Care
11. Industrial Hemp- By Geography (Market Size -$Million / $Billion)
        11.1 Industrial Hemp Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Industrial Hemp- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Industrial Hemp- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Industrial Hemp - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong Kong
                  11.8.5.9 Rest of APAC
        11.9 Industrial Hemp - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Industrial Hemp Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Industrial Hemp Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Industrial Hemp Market - Key Company List by Country Premium
15. Industrial Hemp Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 American Cannabis Company, Inc
        15.3 American Hemp
        15.4 Boring Hemp Company
        15.5 Botanical Genetics, Llc
        15.6 Cbd Biotechnology Co , Ltd
        15.7 Ecofiber
        15.8 Hemp, Inc
        15.9 Hempflax B V
        15.10 Hempmeds Brasil
        15.11 Industrial Hemp Manufacturing, Llc
        15.12 Marijuana Company Of America Inc
        15.13 Parkland Industrial Hemp Grower Cooperative Ltd
        15.14 Plain Industrial Hemp Processing Ltd
        15.15 Terra Tech Corp
        15.16 Valley Bio Limited
        15.17 Company 17
        15.18 Company 18 & More
*Financials would be provided on a best efforts basis for private companies
16. Industrial Hemp Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Industrial Hemp Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Industrial Hemp Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
1.1 Seed Market 2019-2024 ($M) - Global Industry Research
1.2 Fiber Market 2019-2024 ($M) - Global Industry Research
1.3 Shiv Market 2019-2024 ($M) - Global Industry Research
2.Global Industrial Hemp Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
2.1 Animal Care Market 2019-2024 ($M) - Global Industry Research
2.2 Textile Market 2019-2024 ($M) - Global Industry Research
2.3 Automotive Market 2019-2024 ($M) - Global Industry Research
2.4 Furniture Market 2019-2024 ($M) - Global Industry Research
2.5 Food Beverage Market 2019-2024 ($M) - Global Industry Research
2.6 Paper Market 2019-2024 ($M) - Global Industry Research
2.7 Construction Material Market 2019-2024 ($M) - Global Industry Research
2.8 Personal Care Market 2019-2024 ($M) - Global Industry Research
3.Global Industrial Hemp Market:Product Estimate Trend Analysis Market 2019-2024 (Volume/Units)
3.1 Seed Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Fiber Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Shiv Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Industrial Hemp Market:Application Estimate Trend Analysis Market 2019-2024 (Volume/Units)
4.1 Animal Care Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Textile Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Automotive Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Furniture Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Food Beverage Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 Paper Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 Construction Material Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 Personal Care Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Industrial Hemp Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
5.1 Seed Market 2019-2024 ($M) - Regional Industry Research
5.2 Fiber Market 2019-2024 ($M) - Regional Industry Research
5.3 Shiv Market 2019-2024 ($M) - Regional Industry Research
6.North America Industrial Hemp Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
6.1 Animal Care Market 2019-2024 ($M) - Regional Industry Research
6.2 Textile Market 2019-2024 ($M) - Regional Industry Research
6.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
6.4 Furniture Market 2019-2024 ($M) - Regional Industry Research
6.5 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
6.6 Paper Market 2019-2024 ($M) - Regional Industry Research
6.7 Construction Material Market 2019-2024 ($M) - Regional Industry Research
6.8 Personal Care Market 2019-2024 ($M) - Regional Industry Research
7.South America Industrial Hemp Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
7.1 Seed Market 2019-2024 ($M) - Regional Industry Research
7.2 Fiber Market 2019-2024 ($M) - Regional Industry Research
7.3 Shiv Market 2019-2024 ($M) - Regional Industry Research
8.South America Industrial Hemp Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
8.1 Animal Care Market 2019-2024 ($M) - Regional Industry Research
8.2 Textile Market 2019-2024 ($M) - Regional Industry Research
8.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
8.4 Furniture Market 2019-2024 ($M) - Regional Industry Research
8.5 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
8.6 Paper Market 2019-2024 ($M) - Regional Industry Research
8.7 Construction Material Market 2019-2024 ($M) - Regional Industry Research
8.8 Personal Care Market 2019-2024 ($M) - Regional Industry Research
9.Europe Industrial Hemp Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
9.1 Seed Market 2019-2024 ($M) - Regional Industry Research
9.2 Fiber Market 2019-2024 ($M) - Regional Industry Research
9.3 Shiv Market 2019-2024 ($M) - Regional Industry Research
10.Europe Industrial Hemp Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
10.1 Animal Care Market 2019-2024 ($M) - Regional Industry Research
10.2 Textile Market 2019-2024 ($M) - Regional Industry Research
10.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
10.4 Furniture Market 2019-2024 ($M) - Regional Industry Research
10.5 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
10.6 Paper Market 2019-2024 ($M) - Regional Industry Research
10.7 Construction Material Market 2019-2024 ($M) - Regional Industry Research
10.8 Personal Care Market 2019-2024 ($M) - Regional Industry Research
11.APAC Industrial Hemp Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
11.1 Seed Market 2019-2024 ($M) - Regional Industry Research
11.2 Fiber Market 2019-2024 ($M) - Regional Industry Research
11.3 Shiv Market 2019-2024 ($M) - Regional Industry Research
12.APAC Industrial Hemp Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
12.1 Animal Care Market 2019-2024 ($M) - Regional Industry Research
12.2 Textile Market 2019-2024 ($M) - Regional Industry Research
12.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
12.4 Furniture Market 2019-2024 ($M) - Regional Industry Research
12.5 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
12.6 Paper Market 2019-2024 ($M) - Regional Industry Research
12.7 Construction Material Market 2019-2024 ($M) - Regional Industry Research
12.8 Personal Care Market 2019-2024 ($M) - Regional Industry Research
13.MENA Industrial Hemp Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
13.1 Seed Market 2019-2024 ($M) - Regional Industry Research
13.2 Fiber Market 2019-2024 ($M) - Regional Industry Research
13.3 Shiv Market 2019-2024 ($M) - Regional Industry Research
14.MENA Industrial Hemp Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
14.1 Animal Care Market 2019-2024 ($M) - Regional Industry Research
14.2 Textile Market 2019-2024 ($M) - Regional Industry Research
14.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
14.4 Furniture Market 2019-2024 ($M) - Regional Industry Research
14.5 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
14.6 Paper Market 2019-2024 ($M) - Regional Industry Research
14.7 Construction Material Market 2019-2024 ($M) - Regional Industry Research
14.8 Personal Care Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Industrial Hemp Market Revenue, 2019-2024 ($M)
2.Canada Industrial Hemp Market Revenue, 2019-2024 ($M)
3.Mexico Industrial Hemp Market Revenue, 2019-2024 ($M)
4.Brazil Industrial Hemp Market Revenue, 2019-2024 ($M)
5.Argentina Industrial Hemp Market Revenue, 2019-2024 ($M)
6.Peru Industrial Hemp Market Revenue, 2019-2024 ($M)
7.Colombia Industrial Hemp Market Revenue, 2019-2024 ($M)
8.Chile Industrial Hemp Market Revenue, 2019-2024 ($M)
9.Rest of South America Industrial Hemp Market Revenue, 2019-2024 ($M)
10.UK Industrial Hemp Market Revenue, 2019-2024 ($M)
11.Germany Industrial Hemp Market Revenue, 2019-2024 ($M)
12.France Industrial Hemp Market Revenue, 2019-2024 ($M)
13.Italy Industrial Hemp Market Revenue, 2019-2024 ($M)
14.Spain Industrial Hemp Market Revenue, 2019-2024 ($M)
15.Rest of Europe Industrial Hemp Market Revenue, 2019-2024 ($M)
16.China Industrial Hemp Market Revenue, 2019-2024 ($M)
17.India Industrial Hemp Market Revenue, 2019-2024 ($M)
18.Japan Industrial Hemp Market Revenue, 2019-2024 ($M)
19.South Korea Industrial Hemp Market Revenue, 2019-2024 ($M)
20.South Africa Industrial Hemp Market Revenue, 2019-2024 ($M)
21.North America Industrial Hemp By Application
22.South America Industrial Hemp By Application
23.Europe Industrial Hemp By Application
24.APAC Industrial Hemp By Application
25.MENA Industrial Hemp By Application
26.Parkland Industrial Hemp Grower Cooperative Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Cbd Biotechnology Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Botanical Genetics, Llc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Marijuana Company Of America Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Hempmeds Brasil, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Terra Tech Corp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.American Cannabis Company, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Hempflax B V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Industrial Hemp Manufacturing, Llc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.American Hemp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Hemp, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Boring Hemp Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Plain Industrial Hemp Processing Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Ecofiber, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Valley Bio Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)