Industrial Hemp Market was valued at USD 6.18 Billion in 2021, and it is expected to reach USD 65.79 Billion by 2029, exhibiting a CAGR of 34.4 % during the forecast period (2022-2029)
Market Overview
The Industrial Hemp market is growing at faster with substantial growth rates over the previous few years and it is estimated that the market can grow considerably within the forecasted period i.e., 2021-2029. The reports helps in recognizing the key drivers that are driving the growth in the market and also helps in using these drivers as strength.
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Market Scope
The report includes factors like Market segmentation and overall market insights for manufacturers, suppliers, distributors and investors in the global Industrial Hemp market. In addition the development process the report provides the cost structures and the development goal and objectives. The strength and weakness of the market are studied applying research tools such SWOT, PESTLE and PORTER’s five forces to seek upcoming opportunities and to deal with the upcoming challenges. The primary and secondary data were analysed by the research experts to find the key drivers and aspects of the Industrial Hemp market. The information and data provided in the report may be used by all stakeholders, students, consulting firms, research institutes, industry professionals, journalists, business researchers, etc. in the global Industrial Hemp market.
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Segmentation
The Global Industrial Hemp Market is segmented by type, application, and source. Based on type, the market is segmented into hemp seed, hemp seed oil, CBD hemp oil, and hemp fiber. Based on application, the market is segmented into food, beverages, personal care products, textiles, pharmaceuticals and others. Based on source, the market is segmented into organic and conventional. Based on region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America.
Key Players
• Valley Bio Ltd.
• Hemp, Inc.
• Terra Tech Corp.
• American Hemp
• Ecofiber Industries Operations
• Botanical Genetics, LLC
• Marijuana Company of America, Inc.
• HempMedsBrasil
• CBD Biotechnology Co.
• Plains Industrial Hemp Processing Ltd.
• HempFlax B.V.
• Industrial Hemp Manufacturing, LLC
• Boring Hemp Company
• American Cannabis Company, Inc.
Regional Analysis
The report also analysis the regional factors that drive the Industrial Hemp market growth. It demonstrates the most significant regional divisions such as North America, Asia Pacific, Europe, Latin America the Middle East and Africa has global influence. The Industrial Hemp market research report includes a geographic condition of the market, and revenue as well as in depth research into the business network structure, opportunities, and news update.
Key Questions answered in the Industrial Hemp Market Report are:
Key offerings:
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Mar 06, 2023