Industrial Hemp Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Report Code: ZMR-3918 | Report Format : | Status : Upcoming |


Global Industrial Hemp  Market: Overview

Industrial Hemp is a broad-leaved plant comprising of a taproot which is capable of rapid growth under perfect growing conditions. It also includes the byproducts of hemp plants and plant part. For example, by products are considered as industrial hemp and include hemp flour and hemp seed oil. 

Global Industrial Hemp  Market: Growth Factors

Industrial Hemp is harvested for use in producing a large number of products including construction and insulation materials, paper products, fiberglass, textiles, biofuel, nutraceuticals, and bio-plastics. It can be grown for food and non-food products without depending upon toxic chemical pesticides, herbicides, and fertilizers. Generally, every part of the plant can be put to a worthy use: flowers, stalks, seeds, and oils all have applications. These aforementioned factors are likely to drive the growth of the industrial hemp market in the coming years. Escalating demand for industrial hemp products is increasing, owing to the large-scale awareness towards consumer health. The changing consumer trend towards the natural products is substantially steering the growth of industrial hemp market across the globe.  The product finds massive application in cosmetics and plastics and can be used as a substitute for paper. Furthermore, lucrative use of the product in paper making, textiles, biodegradable plastics, fuel, construction, and health food will further drive the scope of the business.

Global Industrial Hemp  Market: Segmentation

The global industrial hemp market can be classified based on product and application. On the basis of the product, the market is segmented into seeds, shivs, and fiber. Based on the application, industrial hemp market is sectored into textiles, animal care, construction materials, food & beverages, paper, automotive, furniture, and personal care.

Global Industrial Hemp  Market: Regional Analysis

Based on regions, the global industrial hemp market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is anticipated to contribute lucratively towards global industrial hemp market revenue over the assessment period, subject to the region being a key consumer of seed- and fiber-based products along with the massive use of these products in food and beverages, textile, and personal care sectors. Rising aging population and rising concerns about skin diseases and UV protection are expected to drive the demand for hemp oil from the personal care industry in the region, thereby further accelerating the business cope in the region.

Europe is also likely to contribute significantly towards the industrial hemp market size in the foreseeable future, subject to massive product demand in the region. Furthermore, massive use of fibers derived from the product in the manufacturing of construction materials, fiberboards, and auto parts will further spur the regional market earnings.

Asia Pacific industrial hemp market is anticipated to witness a stupendous growth in the coming years, owing to increasing fiber consumption in manufacturing of biodegradable textiles for consumer and industrial applications. Presence of major supplier countries including China, India, Australia, and South Korea, is expected to have a positive impact on the regional growth.

Rise in consumption of oil derived from the product for pharmaceutical and food and beverage industry along with high consumption of hemp-based foods and supplements owing to increased health issues such as cardiovascular diseases is expected to propel growth of the industrial hemp market in Latin America.

Global Industrial Hemp Market: Competitive Players

Some of key players in industrial hemp market are Bombay Hemp Company, E Hemp, Industrial Hemp Manufacturing, LLC, Hempoil Canada, UAB Agropro, Mollerup, and Hemp Food Australia.

Global Industrial Hemp  Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Savory Flavor Blends Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4135 | Report Format:

Global Savory Flavor Blends Market: Overview Savoury flavors are produced by using top-most constituents. It comprises of sweetness, saltiness, sourness, and bitterness. These products are used as high-quality seasoning flavor blends across the snack sector. Global Savory Flavor Blends Market:...Read More

Monk Fruit Sugar Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4113 | Report Format:

Global Monk Fruit Sugar Industry: Overview With massive health benefits associated with the intake of the product, the market will probably gain traction over the years to come. Currently, the product is abundantly available for food processing activities. Furthermore, innovations in the packagi...Read More

Nutrigenomics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4112 | Report Format:

Global Nutrigenomics Market: Overview Nutrigenomics is a domain of science that determines the association between human genome, nutritional diet, and healthcare. It helps in generating the understanding about what one intake and how the complete human system reacts to the food. Nutrigenomics is...Read More

Nutrition Bars Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4111 | Report Format:

Global Nutrition Bars Market: Overview A nutrition bar offers various health benefits to the consumers as they are composed of natural as well as organic constituents. Nutrition bars incorporate constituents including protein, calcium, fiber, and others. It also consists of bars displayed as sub...Read More

Legalized Cannabis Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4107 | Report Format:

Global Legalized Cannabis Market: Overview Though cannabis is popular across the globe, it is an illegally utilized drug as its use for various purposes is banned by myriad governments worldwide. The product is referred by names such as marijuana and hemp. In fact, hemp is used for psychological...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.