Industrial Hemp Market Size worth 30.9 billion with Healthy CAGR of 21.02% by 2029
The quality of Industrial
Hemp Market research report is at par which gains customer confidence and
trust. The business report acts as a perfect window to the Healthcare industry
which explains what market definition, classifications, applications,
engagements and market trends are. Competitive landscape is studied here in
terms of product range, strategies, and future prospects of the key players of
the market. To accomplish the same, this market research report offers an
insightful market data and information about Healthcare industry to businesses
for making better decisions and defining business strategies.
Global industrial hemp market was valued at USD 4.6 billion in 2021 and is expected to reach USD 30.9 billion by 2029, registering a CAGR of 21.02% during the forecast period of 2022-2029. The “Hemp fiber” accounts for the largest type segment in the industrial hemp market within the forecasted period owing to its usage to obtain biofuels and bioplastics. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and patent analysis.
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Hemp (also known as cannabis) is a
psychotropic substance derived from cannabis plants. Hemp is a plant that is
utilized for both medicinal and recreational uses. Hemp also aids in the
reduction of pain by modifying pain perception circuits in the brain. It can
also assist to avoid chronic pain diseases including arthritis, migraines,
fibromyalgia, and endometriosis. Hemp fabric is very absorbent, mold-resistant,
and more insulating than cotton, as well as UV-resistant. It creates
long-lasting goods with constant quality and softness when combined with fabrics
like silk, linen, and cotton.
Some
of the major players operating in the industrial hemp market are Nhempco (Canada), Ecofibre (Australia), Hemp Inc. (US), GenCanna
(US), HempFlax Group B.V., (Netherlands), Konoplex (Russia), Hemp Oil Canada
(Canada), Hemp Poland (Poland), Dun Agro (Netherlands), Colorado Hemp Works
(US), Canah International (Romania), South Hemp Tecno (Italy), Plains
Industrial Hemp Processing (Canada), and MH Medical Hemp (Germany), among
others.
Global
Industrial Hemp Market Scope
The industrial hemp market is segmented on
the basis of type, application and source. The growth amongst these segments
will help you analyze meagre growth segments in the industries and provide the
users with a valuable market overview and market insights to help them make
strategic decisions for identifying core market applications.
Type
·
Hemp Seed
·
Hemp Seed Oil
·
CBD Hemp Oil
·
Hemp Fiber
On the basis of type, the industrial hemp
market is segmented into hemp seed, hemp seed oil, CBD hemp oil and hemp fiber.
Hemp fiber registers highest growth within the forecasted period owing to its
usage to obtain biofuels and bioplastics.
Application
·
Food
·
Textiles
·
Beverages
·
Personal Care Products
·
Pharmaceuticals
·
Others
On
the basis of application, the industrial hemp market is segmented into food,
textiles, beverages, personal care products, pharmaceuticals and others.
Source
·
Conventional
·
Organic
On the basis of source, the industrial hemp
market is segmented into conventional and organic.
How
Does the Report Aid Your Business Discretion?
•
This section of this Market
report highlights some of the most relevant factors and growth enablers that
collectively ensure a high-end growth spurt
•
The report unravels details on
pronounced share assessments across both country-wise as well as region-based
segments
•
A leading synopsis of market
share analysis of dynamic players inclusive of high-end industry veterans
•
New player entry analysis and
the scope of new business models
•
The report includes strategic
recommendations for new business veterans as well as established players
seeking novel growth avenues
•
A detailed consultation service
based on historical as well as current timelines to ensure feasible forecast
predictions
•
A thorough evaluation and
detailed study of various segments as well as sub-segments across regional and
country-specific developments
•
Details on market estimations, market
size, dimensions
•
A review of market competitors,
their high-end product and service portfolios, dynamic trends, as well as
technological advances that portray high-end growth in this Market
View Detailed Global Industrial Hemp Market@ https://www.databridgemarketresearch.com/reports/global-industrial-hemp-market
Table of Contents:
- Introduction
- Market
Segmentation
- Executive
Summary
- Premium
Insights
- Global Industrial
Hemp Market: Regulations
- Market
Overview
- Global Industrial
Hemp Market, By Type
- Global Industrial
Hemp Market, By Application
- Global Industrial
Hemp Market, End-Users
- Global Industrial
Hemp Market, By Region
- Global Industrial
Hemp Market: Company Landscape
- SWOT
Analyses
- Company
Profile
- Questionnaires
- Related
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