1. What is the projected Compound Annual Growth Rate (CAGR) of the Industrial Hemp Market?
The projected CAGR is approximately 22.11%.
Industrial Hemp MarketIndustrial Hemp Market Unlocking Growth Potential: Analysis and Forecasts 2025-2033
Industrial Hemp Market by Source (Organic, Conventional), by Type (Hemp Seed, Hemp Seed Oil, Hemp Fiber, Others), by Application (Food [Dietary Supplements, Functional Foods], Beverages, Personal Care & Cosmetics, Textiles, Pharmaceuticals, Others), by North America (U.S., Canada, Mexico), by Europe (France, Germany, Italy, Spain, U.K., Russia, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by Middle East & Africa (South Africa, UAE, Rest of Middle East & Africa) Forecast 2025-2033
Base Year: 2024
180 Pages
Industrial Hemp Market Unlocking Growth Potential: Analysis and Forecasts 2025-2033
Industrial Hemp Market Unlocking Growth Potential: Analysis and Forecasts 2025-2033
Key Insights
The Industrial Hemp Marketsize was valued at USD 6.63 USD Billion in 2023 and is projected to reach USD 26.84 USD Billion by 2032, exhibiting a CAGR of 22.11 % during the forecast period. Industrial hemp is defined as Cannabis sativa that is grown particularly for industrial purposes having low concentrations of THC, the psychoactive material contained in marijuana. There are two primary types: This division is based on the utilization of the plant that includes; fiber hemp- mostly valued for its strong fibers used in making textiles, ropes, and paper; grain hemp- important for its nutritious seeds, used in food products as well as for oil. Industrial hemp grows faster, has a low pest and herbicide requirement, and has high biomass productivity regardless of climate. Its uses cut across textiles, automotive for its composites, construction for insulation, bioenergy/biofuels, and biopolymers/bioplastics. Thus, owing to its sustainability and the wide usage of products made of industrial hemp, it gains an increasing appreciation of the economic value and the impact on the environment in many countries.
Industrial Hemp Trends
- Growing adoption of hemp-based products in various industries
- Increased awareness about the health benefits of hemp
- Government initiatives to support the hemp industry
- Technological advancements in hemp cultivation and processing
Driving Forces: What's Propelling the Industrial Hemp Market
- Rising demand for sustainable and eco-friendly materials, driven by increasing environmental consciousness
- The growing popularity of hemp-based textiles, cosmetics, and food products, attributed to their perceived health benefits and durability
- Legalization of hemp cultivation in several countries, such as the United States, Canada, and the European Union, opening up new markets and investment opportunities
- Health benefits associated with hemp consumption, including potential therapeutic effects on inflammation, pain, and anxiety
Challenges and Restraints in the Industrial Hemp Market
- Initial investment costs associated with hemp farming and processing
- Stringent government regulations and compliance requirements
- Limited availability of skilled labor
- Lack of consumer awareness about hemp-based products
Emerging Trends in Industrial Hemp
- Integration of blockchain technology for supply chain management
- Development of novel hemp-derived cannabinoids for pharmaceutical applications
- Increased investment in research and development of new hemp-based products
Growth Catalysts in the Industrial Hemp Industry
- Government incentives and subsidies for hemp production
- Partnerships and collaborations between industry players
- Growing demand for hemp-based biofuels and composites
Market Segmentation: Industrial Hemp Analysis
Source:
Type:
- Hemp Seed
- Hemp Seed Oil
- Hemp fiber
- Others
Application:
- Food (dietary supplements and functional foods)
- Beverages
- Personal care & cosmetics
- Textiles
- Pharmaceuticals
- Others
Leading Players in the Industrial Hemp Market
- Fresh Hemp Foods Ltd. (Canada)
- IND HEMP, LLC. (U.S.)
- Blue Sky Hemp Ventures (Canada)
- Panda Biotech, LLC (U.S.)
- Hemp Republic (India)
- South Hemp Tecno Srl (Italy)
- HEMP FACTORY (Germany)
- East Mesa (U.S.)
- DON Processing, Inc. (U.S.)
- HempFlax Group B.V. (Netherlands)
Significant Developments in the Industrial Hemp Sector
- January 2023: Bast Fibre Technologies Inc. (BFT) acquired Lumberton Cellulose LLC.
- December 2022: InterCure Ltd. entered a licensing agreement with Binske.
- September 2022: The Thai Industrial Hemp Trade Association signed a cooperation agreement with manufacturing associations.
- October 2021: Bast Fibre Technologies acquired Faser Veredlung Tönisvorst.
Comprehensive Coverage Industrial Hemp Market Report
- Market size and growth projections, providing an in-depth understanding of the industry's current and future scale and analyzing historical data to provide insights into market trends and growth drivers.
- In-depth analysis of market segments and sub-segments, highlighting key growth areas and emerging trends, including market segments such as hemp fiber, hemp seed oil, and cannabidiol (CBD), and sub-segments based on end-use industries such as textiles, food and beverages, and pharmaceuticals.
- Detailed profiles of key market players, offering insights into their strengths, weaknesses, recent developments, market share, and competitive strategies, including information on major industry players, emerging companies, and their product portfolios.
- Industry trends and developments, tracking technological advancements, such as advancements in hemp cultivation and processing techniques, regulatory changes, such as the legalization of hemp in various countries, and market dynamics, such as shifting consumer preferences and increasing demand for sustainable products.
- SWOT analysis and competitive landscape, providing a comprehensive overview of the market environment and competitive landscape, including Porter's Five Forces analysis to assess industry competition and identify potential threats and opportunities.
Regional Insight
- North America: Analysis of market size, growth potential, key market trends, regulatory landscape, and competitive dynamics in countries such as the United States and Canada.
- Europe: Examination of market size, growth drivers, key market segments, regulatory framework, and competitive landscape in countries such as the United Kingdom, Germany, and France.
- Asia Pacific: Assessment of market size, growth prospects, emerging trends, regulatory environment, and competitive dynamics in countries such as China, India, and Japan.
- Latin America: Analysis of market size, growth potential, key market segments, regulatory landscape, and competitive dynamics in countries such as Brazil, Mexico, and Argentina.
- Middle East & Africa: Evaluation of market size, growth opportunities, regulatory framework, market challenges, and competitive landscape in countries such as Saudi Arabia, the United Arab Emirates, and South Africa.
Consumer Side Analysis
- Consumer preferences and behavior
- Market segmentation based on demographics and psychographics
Industrial Hemp Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 22.11% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Expansion of International Brands in Saudi Arabia to Fuel Market Growth
- 3.3. Market Restrains
- 3.3.1. Complex Regulations to Impede Market Growth
- 3.4. Market Trends
- 3.4.1. Rising Popularity of Veganism to Fuel Market Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Industrial Hemp Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Source
- 5.1.1. Organic
- 5.1.2. Conventional
- 5.2. Market Analysis, Insights and Forecast - by Type
- 5.2.1. Hemp Seed
- 5.2.2. Hemp Seed Oil
- 5.2.3. Hemp Fiber
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast - by Application
- 5.3.1. Food [Dietary Supplements
- 5.3.2. Functional Foods]
- 5.3.3. Beverages
- 5.3.4. Personal Care & Cosmetics
- 5.3.5. Textiles
- 5.3.6. Pharmaceuticals
- 5.3.7. Others
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. South America
- 5.4.5. Middle East & Africa
- 5.1. Market Analysis, Insights and Forecast - by Source
- 6. North America Industrial Hemp Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Source
- 6.1.1. Organic
- 6.1.2. Conventional
- 6.2. Market Analysis, Insights and Forecast - by Type
- 6.2.1. Hemp Seed
- 6.2.2. Hemp Seed Oil
- 6.2.3. Hemp Fiber
- 6.2.4. Others
- 6.3. Market Analysis, Insights and Forecast - by Application
- 6.3.1. Food [Dietary Supplements
- 6.3.2. Functional Foods]
- 6.3.3. Beverages
- 6.3.4. Personal Care & Cosmetics
- 6.3.5. Textiles
- 6.3.6. Pharmaceuticals
- 6.3.7. Others
- 6.1. Market Analysis, Insights and Forecast - by Source
- 7. Europe Industrial Hemp Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Source
- 7.1.1. Organic
- 7.1.2. Conventional
- 7.2. Market Analysis, Insights and Forecast - by Type
- 7.2.1. Hemp Seed
- 7.2.2. Hemp Seed Oil
- 7.2.3. Hemp Fiber
- 7.2.4. Others
- 7.3. Market Analysis, Insights and Forecast - by Application
- 7.3.1. Food [Dietary Supplements
- 7.3.2. Functional Foods]
- 7.3.3. Beverages
- 7.3.4. Personal Care & Cosmetics
- 7.3.5. Textiles
- 7.3.6. Pharmaceuticals
- 7.3.7. Others
- 7.1. Market Analysis, Insights and Forecast - by Source
- 8. Asia Pacific Industrial Hemp Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Source
- 8.1.1. Organic
- 8.1.2. Conventional
- 8.2. Market Analysis, Insights and Forecast - by Type
- 8.2.1. Hemp Seed
- 8.2.2. Hemp Seed Oil
- 8.2.3. Hemp Fiber
- 8.2.4. Others
- 8.3. Market Analysis, Insights and Forecast - by Application
- 8.3.1. Food [Dietary Supplements
- 8.3.2. Functional Foods]
- 8.3.3. Beverages
- 8.3.4. Personal Care & Cosmetics
- 8.3.5. Textiles
- 8.3.6. Pharmaceuticals
- 8.3.7. Others
- 8.1. Market Analysis, Insights and Forecast - by Source
- 9. South America Industrial Hemp Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Source
- 9.1.1. Organic
- 9.1.2. Conventional
- 9.2. Market Analysis, Insights and Forecast - by Type
- 9.2.1. Hemp Seed
- 9.2.2. Hemp Seed Oil
- 9.2.3. Hemp Fiber
- 9.2.4. Others
- 9.3. Market Analysis, Insights and Forecast - by Application
- 9.3.1. Food [Dietary Supplements
- 9.3.2. Functional Foods]
- 9.3.3. Beverages
- 9.3.4. Personal Care & Cosmetics
- 9.3.5. Textiles
- 9.3.6. Pharmaceuticals
- 9.3.7. Others
- 9.1. Market Analysis, Insights and Forecast - by Source
- 10. Middle East & Africa Industrial Hemp Market Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Source
- 10.1.1. Organic
- 10.1.2. Conventional
- 10.2. Market Analysis, Insights and Forecast - by Type
- 10.2.1. Hemp Seed
- 10.2.2. Hemp Seed Oil
- 10.2.3. Hemp Fiber
- 10.2.4. Others
- 10.3. Market Analysis, Insights and Forecast - by Application
- 10.3.1. Food [Dietary Supplements
- 10.3.2. Functional Foods]
- 10.3.3. Beverages
- 10.3.4. Personal Care & Cosmetics
- 10.3.5. Textiles
- 10.3.6. Pharmaceuticals
- 10.3.7. Others
- 10.1. Market Analysis, Insights and Forecast - by Source
- 11. North America Industrial Hemp Market Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 11.1.1 United States
- 11.1.2 Canada
- 11.1.3 Mexico
- 12. Middle East & Africa Industrial Hemp Market Analysis, Insights and Forecast, 2019-2031
- 12.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 12.1.1 UAE
- 12.1.2 South Africa
- 12.1.3 Saudi Arabia
- 12.1.4 Rest of Middle East Africa
- 13. Asia Pacific Industrial Hemp Market Analysis, Insights and Forecast, 2019-2031
- 13.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 13.1.1 China
- 13.1.2 Japan
- 13.1.3 India
- 13.1.4 South Korea
- 13.1.5 Taiwan
- 13.1.6 South East Asia
- 13.1.7 Australia
- 13.1.8 Rest of Asia-Pacific
- 14. Europe Industrial Hemp Market Analysis, Insights and Forecast, 2019-2031
- 14.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 14.1.1 Germany
- 14.1.2 France
- 14.1.3 Italy
- 14.1.4 United Kingdom
- 14.1.5 Spain
- 14.1.6 Nordics
- 14.1.7 Benelux
- 14.1.8 Rest of Europe
- 15. Latin America Industrial Hemp Market Analysis, Insights and Forecast, 2019-2031
- 15.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 15.1.1 Brazil
- 15.1.2 Argentina
- 15.1.3 Rest of South America
- 16. Competitive Analysis
- 16.1. Global Market Share Analysis 2024
- 16.2. Company Profiles
- 16.2.1 Fresh Hemp Foods Ltd. (Canada)
- 16.2.1.1. Overview
- 16.2.1.2. Products
- 16.2.1.3. SWOT Analysis
- 16.2.1.4. Recent Developments
- 16.2.1.5. Financials (Based on Availability)
- 16.2.2 IND HEMP LLC. (U.S.)
- 16.2.2.1. Overview
- 16.2.2.2. Products
- 16.2.2.3. SWOT Analysis
- 16.2.2.4. Recent Developments
- 16.2.2.5. Financials (Based on Availability)
- 16.2.3 Blue Sky Hemp Ventures (Canada)
- 16.2.3.1. Overview
- 16.2.3.2. Products
- 16.2.3.3. SWOT Analysis
- 16.2.3.4. Recent Developments
- 16.2.3.5. Financials (Based on Availability)
- 16.2.4 Panda Biotech LLC (U.S.)
- 16.2.4.1. Overview
- 16.2.4.2. Products
- 16.2.4.3. SWOT Analysis
- 16.2.4.4. Recent Developments
- 16.2.4.5. Financials (Based on Availability)
- 16.2.5 Hemp Republic (India)
- 16.2.5.1. Overview
- 16.2.5.2. Products
- 16.2.5.3. SWOT Analysis
- 16.2.5.4. Recent Developments
- 16.2.5.5. Financials (Based on Availability)
- 16.2.6 South Hemp Tecno Srl (Italy)
- 16.2.6.1. Overview
- 16.2.6.2. Products
- 16.2.6.3. SWOT Analysis
- 16.2.6.4. Recent Developments
- 16.2.6.5. Financials (Based on Availability)
- 16.2.7 HEMP FACTORY (Germany)
- 16.2.7.1. Overview
- 16.2.7.2. Products
- 16.2.7.3. SWOT Analysis
- 16.2.7.4. Recent Developments
- 16.2.7.5. Financials (Based on Availability)
- 16.2.8 East Mesa (U.S.)
- 16.2.8.1. Overview
- 16.2.8.2. Products
- 16.2.8.3. SWOT Analysis
- 16.2.8.4. Recent Developments
- 16.2.8.5. Financials (Based on Availability)
- 16.2.9 DON Processing Inc. (U.S.)
- 16.2.9.1. Overview
- 16.2.9.2. Products
- 16.2.9.3. SWOT Analysis
- 16.2.9.4. Recent Developments
- 16.2.9.5. Financials (Based on Availability)
- 16.2.10 HempFlax Group B.V. (Netherlands)
- 16.2.10.1. Overview
- 16.2.10.2. Products
- 16.2.10.3. SWOT Analysis
- 16.2.10.4. Recent Developments
- 16.2.10.5. Financials (Based on Availability)
- 16.2.1 Fresh Hemp Foods Ltd. (Canada)
List of Figures
- Figure 1: Global Industrial Hemp Market Revenue Breakdown (USD Billion, %) by Region 2024 & 2032
- Figure 2: Global Industrial Hemp Market Volume Breakdown (K Tons , %) by Region 2024 & 2032
- Figure 3: North America Industrial Hemp Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 4: North America Industrial Hemp Market Volume (K Tons ), by Country 2024 & 2032
- Figure 5: North America Industrial Hemp Market Revenue Share (%), by Country 2024 & 2032
- Figure 6: North America Industrial Hemp Market Volume Share (%), by Country 2024 & 2032
- Figure 7: Middle East & Africa Industrial Hemp Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 8: Middle East & Africa Industrial Hemp Market Volume (K Tons ), by Country 2024 & 2032
- Figure 9: Middle East & Africa Industrial Hemp Market Revenue Share (%), by Country 2024 & 2032
- Figure 10: Middle East & Africa Industrial Hemp Market Volume Share (%), by Country 2024 & 2032
- Figure 11: Asia Pacific Industrial Hemp Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 12: Asia Pacific Industrial Hemp Market Volume (K Tons ), by Country 2024 & 2032
- Figure 13: Asia Pacific Industrial Hemp Market Revenue Share (%), by Country 2024 & 2032
- Figure 14: Asia Pacific Industrial Hemp Market Volume Share (%), by Country 2024 & 2032
- Figure 15: Europe Industrial Hemp Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 16: Europe Industrial Hemp Market Volume (K Tons ), by Country 2024 & 2032
- Figure 17: Europe Industrial Hemp Market Revenue Share (%), by Country 2024 & 2032
- Figure 18: Europe Industrial Hemp Market Volume Share (%), by Country 2024 & 2032
- Figure 19: Latin America Industrial Hemp Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 20: Latin America Industrial Hemp Market Volume (K Tons ), by Country 2024 & 2032
- Figure 21: Latin America Industrial Hemp Market Revenue Share (%), by Country 2024 & 2032
- Figure 22: Latin America Industrial Hemp Market Volume Share (%), by Country 2024 & 2032
- Figure 23: North America Industrial Hemp Market Revenue (USD Billion), by Source 2024 & 2032
- Figure 24: North America Industrial Hemp Market Volume (K Tons ), by Source 2024 & 2032
- Figure 25: North America Industrial Hemp Market Revenue Share (%), by Source 2024 & 2032
- Figure 26: North America Industrial Hemp Market Volume Share (%), by Source 2024 & 2032
- Figure 27: North America Industrial Hemp Market Revenue (USD Billion), by Type 2024 & 2032
- Figure 28: North America Industrial Hemp Market Volume (K Tons ), by Type 2024 & 2032
- Figure 29: North America Industrial Hemp Market Revenue Share (%), by Type 2024 & 2032
- Figure 30: North America Industrial Hemp Market Volume Share (%), by Type 2024 & 2032
- Figure 31: North America Industrial Hemp Market Revenue (USD Billion), by Application 2024 & 2032
- Figure 32: North America Industrial Hemp Market Volume (K Tons ), by Application 2024 & 2032
- Figure 33: North America Industrial Hemp Market Revenue Share (%), by Application 2024 & 2032
- Figure 34: North America Industrial Hemp Market Volume Share (%), by Application 2024 & 2032
- Figure 35: North America Industrial Hemp Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 36: North America Industrial Hemp Market Volume (K Tons ), by Country 2024 & 2032
- Figure 37: North America Industrial Hemp Market Revenue Share (%), by Country 2024 & 2032
- Figure 38: North America Industrial Hemp Market Volume Share (%), by Country 2024 & 2032
- Figure 39: Europe Industrial Hemp Market Revenue (USD Billion), by Source 2024 & 2032
- Figure 40: Europe Industrial Hemp Market Volume (K Tons ), by Source 2024 & 2032
- Figure 41: Europe Industrial Hemp Market Revenue Share (%), by Source 2024 & 2032
- Figure 42: Europe Industrial Hemp Market Volume Share (%), by Source 2024 & 2032
- Figure 43: Europe Industrial Hemp Market Revenue (USD Billion), by Type 2024 & 2032
- Figure 44: Europe Industrial Hemp Market Volume (K Tons ), by Type 2024 & 2032
- Figure 45: Europe Industrial Hemp Market Revenue Share (%), by Type 2024 & 2032
- Figure 46: Europe Industrial Hemp Market Volume Share (%), by Type 2024 & 2032
- Figure 47: Europe Industrial Hemp Market Revenue (USD Billion), by Application 2024 & 2032
- Figure 48: Europe Industrial Hemp Market Volume (K Tons ), by Application 2024 & 2032
- Figure 49: Europe Industrial Hemp Market Revenue Share (%), by Application 2024 & 2032
- Figure 50: Europe Industrial Hemp Market Volume Share (%), by Application 2024 & 2032
- Figure 51: Europe Industrial Hemp Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 52: Europe Industrial Hemp Market Volume (K Tons ), by Country 2024 & 2032
- Figure 53: Europe Industrial Hemp Market Revenue Share (%), by Country 2024 & 2032
- Figure 54: Europe Industrial Hemp Market Volume Share (%), by Country 2024 & 2032
- Figure 55: Asia Pacific Industrial Hemp Market Revenue (USD Billion), by Source 2024 & 2032
- Figure 56: Asia Pacific Industrial Hemp Market Volume (K Tons ), by Source 2024 & 2032
- Figure 57: Asia Pacific Industrial Hemp Market Revenue Share (%), by Source 2024 & 2032
- Figure 58: Asia Pacific Industrial Hemp Market Volume Share (%), by Source 2024 & 2032
- Figure 59: Asia Pacific Industrial Hemp Market Revenue (USD Billion), by Type 2024 & 2032
- Figure 60: Asia Pacific Industrial Hemp Market Volume (K Tons ), by Type 2024 & 2032
- Figure 61: Asia Pacific Industrial Hemp Market Revenue Share (%), by Type 2024 & 2032
- Figure 62: Asia Pacific Industrial Hemp Market Volume Share (%), by Type 2024 & 2032
- Figure 63: Asia Pacific Industrial Hemp Market Revenue (USD Billion), by Application 2024 & 2032
- Figure 64: Asia Pacific Industrial Hemp Market Volume (K Tons ), by Application 2024 & 2032
- Figure 65: Asia Pacific Industrial Hemp Market Revenue Share (%), by Application 2024 & 2032
- Figure 66: Asia Pacific Industrial Hemp Market Volume Share (%), by Application 2024 & 2032
- Figure 67: Asia Pacific Industrial Hemp Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 68: Asia Pacific Industrial Hemp Market Volume (K Tons ), by Country 2024 & 2032
- Figure 69: Asia Pacific Industrial Hemp Market Revenue Share (%), by Country 2024 & 2032
- Figure 70: Asia Pacific Industrial Hemp Market Volume Share (%), by Country 2024 & 2032
- Figure 71: South America Industrial Hemp Market Revenue (USD Billion), by Source 2024 & 2032
- Figure 72: South America Industrial Hemp Market Volume (K Tons ), by Source 2024 & 2032
- Figure 73: South America Industrial Hemp Market Revenue Share (%), by Source 2024 & 2032
- Figure 74: South America Industrial Hemp Market Volume Share (%), by Source 2024 & 2032
- Figure 75: South America Industrial Hemp Market Revenue (USD Billion), by Type 2024 & 2032
- Figure 76: South America Industrial Hemp Market Volume (K Tons ), by Type 2024 & 2032
- Figure 77: South America Industrial Hemp Market Revenue Share (%), by Type 2024 & 2032
- Figure 78: South America Industrial Hemp Market Volume Share (%), by Type 2024 & 2032
- Figure 79: South America Industrial Hemp Market Revenue (USD Billion), by Application 2024 & 2032
- Figure 80: South America Industrial Hemp Market Volume (K Tons ), by Application 2024 & 2032
- Figure 81: South America Industrial Hemp Market Revenue Share (%), by Application 2024 & 2032
- Figure 82: South America Industrial Hemp Market Volume Share (%), by Application 2024 & 2032
- Figure 83: South America Industrial Hemp Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 84: South America Industrial Hemp Market Volume (K Tons ), by Country 2024 & 2032
- Figure 85: South America Industrial Hemp Market Revenue Share (%), by Country 2024 & 2032
- Figure 86: South America Industrial Hemp Market Volume Share (%), by Country 2024 & 2032
- Figure 87: Middle East & Africa Industrial Hemp Market Revenue (USD Billion), by Source 2024 & 2032
- Figure 88: Middle East & Africa Industrial Hemp Market Volume (K Tons ), by Source 2024 & 2032
- Figure 89: Middle East & Africa Industrial Hemp Market Revenue Share (%), by Source 2024 & 2032
- Figure 90: Middle East & Africa Industrial Hemp Market Volume Share (%), by Source 2024 & 2032
- Figure 91: Middle East & Africa Industrial Hemp Market Revenue (USD Billion), by Type 2024 & 2032
- Figure 92: Middle East & Africa Industrial Hemp Market Volume (K Tons ), by Type 2024 & 2032
- Figure 93: Middle East & Africa Industrial Hemp Market Revenue Share (%), by Type 2024 & 2032
- Figure 94: Middle East & Africa Industrial Hemp Market Volume Share (%), by Type 2024 & 2032
- Figure 95: Middle East & Africa Industrial Hemp Market Revenue (USD Billion), by Application 2024 & 2032
- Figure 96: Middle East & Africa Industrial Hemp Market Volume (K Tons ), by Application 2024 & 2032
- Figure 97: Middle East & Africa Industrial Hemp Market Revenue Share (%), by Application 2024 & 2032
- Figure 98: Middle East & Africa Industrial Hemp Market Volume Share (%), by Application 2024 & 2032
- Figure 99: Middle East & Africa Industrial Hemp Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 100: Middle East & Africa Industrial Hemp Market Volume (K Tons ), by Country 2024 & 2032
- Figure 101: Middle East & Africa Industrial Hemp Market Revenue Share (%), by Country 2024 & 2032
- Figure 102: Middle East & Africa Industrial Hemp Market Volume Share (%), by Country 2024 & 2032
List of Tables
- Table 1: Global Industrial Hemp Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 2: Global Industrial Hemp Market Volume K Tons Forecast, by Region 2019 & 2032
- Table 3: Global Industrial Hemp Market Revenue USD Billion Forecast, by Source 2019 & 2032
- Table 4: Global Industrial Hemp Market Volume K Tons Forecast, by Source 2019 & 2032
- Table 5: Global Industrial Hemp Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 6: Global Industrial Hemp Market Volume K Tons Forecast, by Type 2019 & 2032
- Table 7: Global Industrial Hemp Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 8: Global Industrial Hemp Market Volume K Tons Forecast, by Application 2019 & 2032
- Table 9: Global Industrial Hemp Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 10: Global Industrial Hemp Market Volume K Tons Forecast, by Region 2019 & 2032
- Table 11: Global Industrial Hemp Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 12: Global Industrial Hemp Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 13: United States Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 14: United States Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 15: Canada Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 16: Canada Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 17: Mexico Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 18: Mexico Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 19: Global Industrial Hemp Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 20: Global Industrial Hemp Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 21: UAE Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 22: UAE Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 23: South Africa Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 24: South Africa Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 25: Saudi Arabia Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 26: Saudi Arabia Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 27: Rest of Middle East Africa Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 28: Rest of Middle East Africa Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 29: Global Industrial Hemp Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 30: Global Industrial Hemp Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 31: China Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 32: China Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 33: Japan Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 34: Japan Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 35: India Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 36: India Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 37: South Korea Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 38: South Korea Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 39: Taiwan Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 40: Taiwan Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 41: South East Asia Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 42: South East Asia Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 43: Australia Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 44: Australia Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 45: Rest of Asia-Pacific Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 46: Rest of Asia-Pacific Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 47: Global Industrial Hemp Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 48: Global Industrial Hemp Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 49: Germany Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 50: Germany Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 51: France Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 52: France Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 53: Italy Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 54: Italy Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 55: United Kingdom Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 56: United Kingdom Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 57: Spain Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 58: Spain Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 59: Nordics Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 60: Nordics Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 61: Benelux Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 62: Benelux Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 63: Rest of Europe Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 64: Rest of Europe Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 65: Global Industrial Hemp Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 66: Global Industrial Hemp Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 67: Brazil Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 68: Brazil Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 69: Argentina Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 70: Argentina Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 71: Rest of South America Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 72: Rest of South America Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 73: Global Industrial Hemp Market Revenue USD Billion Forecast, by Source 2019 & 2032
- Table 74: Global Industrial Hemp Market Volume K Tons Forecast, by Source 2019 & 2032
- Table 75: Global Industrial Hemp Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 76: Global Industrial Hemp Market Volume K Tons Forecast, by Type 2019 & 2032
- Table 77: Global Industrial Hemp Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 78: Global Industrial Hemp Market Volume K Tons Forecast, by Application 2019 & 2032
- Table 79: Global Industrial Hemp Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 80: Global Industrial Hemp Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 81: U.S. Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 82: U.S. Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 83: Canada Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 84: Canada Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 85: Mexico Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 86: Mexico Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 87: Global Industrial Hemp Market Revenue USD Billion Forecast, by Source 2019 & 2032
- Table 88: Global Industrial Hemp Market Volume K Tons Forecast, by Source 2019 & 2032
- Table 89: Global Industrial Hemp Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 90: Global Industrial Hemp Market Volume K Tons Forecast, by Type 2019 & 2032
- Table 91: Global Industrial Hemp Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 92: Global Industrial Hemp Market Volume K Tons Forecast, by Application 2019 & 2032
- Table 93: Global Industrial Hemp Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 94: Global Industrial Hemp Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 95: France Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 96: France Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 97: Germany Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 98: Germany Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 99: Italy Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 100: Italy Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 101: Spain Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 102: Spain Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 103: U.K. Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 104: U.K. Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 105: Russia Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 106: Russia Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 107: Rest of Europe Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 108: Rest of Europe Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 109: Global Industrial Hemp Market Revenue USD Billion Forecast, by Source 2019 & 2032
- Table 110: Global Industrial Hemp Market Volume K Tons Forecast, by Source 2019 & 2032
- Table 111: Global Industrial Hemp Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 112: Global Industrial Hemp Market Volume K Tons Forecast, by Type 2019 & 2032
- Table 113: Global Industrial Hemp Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 114: Global Industrial Hemp Market Volume K Tons Forecast, by Application 2019 & 2032
- Table 115: Global Industrial Hemp Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 116: Global Industrial Hemp Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 117: China Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 118: China Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 119: India Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 120: India Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 121: Japan Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 122: Japan Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 123: Australia Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 124: Australia Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 125: Rest of Asia Pacific Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 126: Rest of Asia Pacific Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 127: Global Industrial Hemp Market Revenue USD Billion Forecast, by Source 2019 & 2032
- Table 128: Global Industrial Hemp Market Volume K Tons Forecast, by Source 2019 & 2032
- Table 129: Global Industrial Hemp Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 130: Global Industrial Hemp Market Volume K Tons Forecast, by Type 2019 & 2032
- Table 131: Global Industrial Hemp Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 132: Global Industrial Hemp Market Volume K Tons Forecast, by Application 2019 & 2032
- Table 133: Global Industrial Hemp Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 134: Global Industrial Hemp Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 135: Brazil Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 136: Brazil Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 137: Argentina Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 138: Argentina Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 139: Rest of South America Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 140: Rest of South America Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 141: Global Industrial Hemp Market Revenue USD Billion Forecast, by Source 2019 & 2032
- Table 142: Global Industrial Hemp Market Volume K Tons Forecast, by Source 2019 & 2032
- Table 143: Global Industrial Hemp Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 144: Global Industrial Hemp Market Volume K Tons Forecast, by Type 2019 & 2032
- Table 145: Global Industrial Hemp Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 146: Global Industrial Hemp Market Volume K Tons Forecast, by Application 2019 & 2032
- Table 147: Global Industrial Hemp Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 148: Global Industrial Hemp Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 149: South Africa Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 150: South Africa Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 151: UAE Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 152: UAE Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
- Table 153: Rest of Middle East & Africa Industrial Hemp Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 154: Rest of Middle East & Africa Industrial Hemp Market Volume (K Tons ) Forecast, by Application 2019 & 2032
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
2. Which companies are prominent players in the Industrial Hemp Market?
Key companies in the market include Fresh Hemp Foods Ltd. (Canada), IND HEMP, LLC. (U.S.), Blue Sky Hemp Ventures (Canada), Panda Biotech, LLC (U.S.), Hemp Republic (India), South Hemp Tecno Srl (Italy), HEMP FACTORY (Germany), East Mesa (U.S.), DON Processing, Inc. (U.S.), HempFlax Group B.V. (Netherlands).
3. What are the main segments of the Industrial Hemp Market?
The market segments include Source, Type, Application.
4. Can you provide details about the market size?
The market size is estimated to be USD 6.63 USD Billion as of 2022.
5. What are some drivers contributing to market growth?
Expansion of International Brands in Saudi Arabia to Fuel Market Growth.
6. What are the notable trends driving market growth?
Rising Popularity of Veganism to Fuel Market Growth.
7. Are there any restraints impacting market growth?
Complex Regulations to Impede Market Growth.
8. Can you provide examples of recent developments in the market?
January 2023: Bast Fibre Technologies Inc. (BFT), a Canadian natural fiber manufacturer, acquired Lumberton Cellulose LLC, a North Carolina, U.S.-based natural fiber processing facility. According to the company, the acquisition will help expand its manufacturing operation in North America to cater to the growing sustainable natural fiber demand.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in USD Billion and volume, measured in K Tons .
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Industrial Hemp Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Industrial Hemp Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Industrial Hemp Market?
To stay informed about further developments, trends, and reports in the Industrial Hemp Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.