GVR Report cover Industrial Hemp Market Size, Share & Trends Report

Industrial Hemp Market Size, Share & Trends Analysis Report By Application (Animal Care, Textiles, Food & Beverages), By Product (Seeds, Fiber, Shivs), By Region (North America, Asia Pacific), And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-2-68038-389-8
  • Number of Report Pages: 143
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2023
  • Forecast Period: 2024 - 2030 
  • Industry: Advanced Materials

Industrial Hemp Market Size & Trends

The global industrial hemp market size was estimated at USD 5.49 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.5% from 2024 to 2030. The growth is driven by the rising product demand from application industries, such as food & beverage, personal care, and animal care, across the globe.

U.S. Industrial Hemp market size and growth rate, 2024 - 2030

Growing demand for hemp products including fiber, seed, stalks, hurds, and oils from the aforementioned application industries is expected to drive market growth. Industrial hemp production is associated with several agricultural and environmental benefits. With its fast growth period of 120-150 days and significant biomass yield, hemp enables efficient use of agricultural land. It is useful in carbon sequestration as it yields a large amount of biomass along with providing a useful break in crop rotation.

Market Concentration & Characteristics

Market growth stage is high, and pace of the market growth is accelerating. The market is highly competitive owing to the presence of large number of domestic and international players operating in the industrial hemp market. The potential for growth in industrial hemp production and processing, fueled by the growing demand from key application industries, including personal care, food, hemp CBD, consumer textiles, and many others, is expected to drive the market over the forecast period. Increasing research & development activities to develop new genetically enhanced industrial hemp products and variants capable of offering higher yields and improved product quality are expected to have a positive impact on commercial industrial hemp production.

Industrial Hemp Market Size & Trends Market Concentration & Characteristics

The cultivation of industrial hemp has been illegal for a number of years in many countries, necessitating complete re-establishment of the supply chain while achieving economies of scale. The profitability of hemp production is speculative at present and does not include additional costs of growing hemp in regulated markets such as the costs of licensing, monitoring, and verification. However, expansion of market opportunities with the liberalization of regulations on cultivation, processing, transportation, and the use of industrial hemp is expected to drive the market growth over the forecast period.

The market is expected to witness a low threat of substitutes owing to the presence of limited number of industrial hemp products that have characteristics similar to industrial hemp for use in different applications. However, products such as chia and flax seeds have nutritional value as high as hemp seeds. This is anticipated to result in moderate threat of substitution in the market.

Market Dynamics

The global market growth is driven by the rising demand from industries, such as personal care, recycling, agriculture, automotive, textiles, furniture, food & beverage, paper, and construction materials. The increasing product usage in different end-use industries has resulted in increased cultivation and trading of hemp in the global market. China has emerged as a significant producer and exporter of industrial hemp followed by Canada and France. The increasing use of hemp in textile and medical applications is expected to significantly propel the demand for industrial hemp in the global market. However, the production of industrial hemp and its products faces several obstacles owing to the presence of stringent government drug policies and concerns about the impact these products on the illegal marijuana market.

The U.S. is heavily investing in developing different varieties of industrial hemp with THC content of less than 0.3% on account of the rising demand from different application industries. The Government of the U.S. announced a COVID-19 relief stimulus of USD 1.9 trillion in January 2021, which helped in the market recovery. Moreover, the steady growth of small market players in hemp-based industrial and consumer products is anticipated to drive the U.S. market over the forecast period.Growing awareness regarding the dietary advantages of hempseed and hempseed oil, along with high demand from the cosmetics and personal care industries, will support market growth. Rising production of soaps, shampoo, bath gels, hand and body lotions, UV skin protectors, massage oils, and a range of other hemp-based products is expected to have a major impact on market growth.

High nutritional values and beneficial fatty acid and protein profiles of hemp are driving the demand for hemp products. High absorbency of hemp fiber is beneficial for livestock bedding, oil & gas cleanup, and the personal hygiene market. In addition, increasing product demand in textile, paper, and building materials markets is growing owing to its favorable acoustic and aesthetic properties. The products manufactured from hemp are eco-friendly, renewable, and associated with less harmful methods of preparation. Paper produced from hemp fiber requires fewer chemicals for processing as compared to paper produced from wood pulps. Thus, the rising awareness about product benefits is projected boost market growth.

Product Insights

The hemp seeds product segment led the market and accounted for more than 29.97% revenue share of the global revenue in 2023. Hemp seeds are gaining popularity in food and nutraceutical markets to obtain seed, oil, and food matter. Rising use of hemp oil seed in lotions, shampoos, soaps, bath gels, and cosmetics, further benefits market growth. Hemp seeds are widely used in the production of oil, which is utilized in personal care, food & beverages, and animal feed industries. In addition, oil is used in nutritional supplements and medicinal & therapeutic products, such as pharmaceuticals. The market for seeds is expected to grow over the forecast period on account of rising demand from application industries.

Hemp fibers are used in paper, carpeting, home furnishing, construction materials, insulation materials, auto parts, and composites. Insulation materials and bio-composites consume a significant amount of hemp fibers on account of their lightweight, superior strength, biodegradability, and thermodynamic properties. Hemp shivs cost half the value of fibers and have several applications in different industries, which is expected to drive market growth over the forecast period. Hemp shivs are majorly used in animal bedding materials on account of their high absorbance ability, which is around four times its dry weight.

Application Insights

The textile application segment led the market in 2023. Hemp fabric is strong, hypo-allergic, and naturally resistant to UV light, mold, and mildew, which represents an added advantage over other fabrics. In addition, it can be blended with cotton or linen, which adds stretch and strength to the fabric. Hemp seeds are rich in protein content and majorly used as birdseed and animal feed. Bird and fish feed are important markets for hemp seeds in animal nutrition. Fish and birds need fatty acids with a high share of omega-3 and omega-6 fatty acids for optimum development, hence consume hemp seeds. Growing product demand in the animal care industry is likely to fuel overall market growth.

Global Industrial Hemp market share and size, 2022

Hemp oil is widely used in the manufacturing of food & beverages on account of its high nutritional content, including fatty acids, proteins, and several other ingredients. Several food manufacturing processes make use of hemp seeds and oil, which is expected to propel market growth. In addition, rising consumer awareness about the product’s benefits is likely to fuel market’s growth. This product is increasingly used in insulation and construction materials, such as fiberboard, cement blocks, putty, stucco and mortar, coatings, and other products as a fiberglass substitute. Construction materials using industrial hemp also include roofing underlay, acoustic materials, pipe wraps, house wraps, and shingles.

Regional Insights

Asia Pacific is one of the major consumers of industrial hemp and accounted for a revenue share of more than 33% in 2023. Economies, such as China, India, Japan, Korea, Australia, New Zealand, and Thailand, are actively involved in the production and consumption of industrial hemp and products, such as fiber, seed, hurds, and oil. Increasing global product demand along with advancing technologies and innovation are making harvesting easier for cultivators, thereby changing the face of hemp production in the region. Increasing consumption of hemp-based food products and supplements in developing economies with a growing geriatric population is expected to drive market growth.

Industrial Hemp Market Trends, by Region, 2024 - 2030

North America is a major product consumer. These products are consumed in different application industries. High consumer disposable income, growing aging population, and rising concerns related to skin diseases and UV protection are expected to drive the demand for hemp oil in the personal care industry in this region. Industrial hemp in Europe is majorly consumed in automotive parts, construction materials, textiles, and fabrics in the form of fibers. However, growing demand for hemp oil in the food & supplements, cosmetics, and personal care markets is expected to drive market growth.

Key Companies & Market Share Insights

Industry players produce large-quantity and high-quality industrial hemp along with a wide range of variants, in terms of seed size and oil composition. Potential yields and processing methods, technologies used for processing, along with the cost of production and returns, play a major role in driving the competition in the industry. Industrial hemp companies are focusing on increasing product cultivation and processing facilities in economies where the plant can be grown legally. Major industry players are investing heavily in R&D activities to achieve high yields from cultivation. These players offer diverse varieties of hemp-derived products and can penetrate large markets.

  • In January 2023, HempMeds Brasil launched two new full-spectrum products. These new products were created to suit the new requirements of Brazilian doctors who intend to suggest it to their patients.

  • In October 2021, HempFlax Group announced an investment of about USD 3.2 million in the advancement of its Dutch headquarters. Out of this, about USD 1.9 million is to be spent on machinery improvements, which is expected to double the hemp fiber processing capacity from 3 tons per hour to 6 tons per hour. The upgrades are expected to allow the company to reduce its operational period from 24 to 16 hours per day, lowering energy consumption while improving productivity.

Key Industrial Hemp Companies:

  • Parkland Industrial Hemp Growers Cooperative Ltd.
  • CBD Biotechnology Co.
  • Botanical Genetics, LLC
  • Marijuana Company of America Inc.
  • HempMeds Brasil
  • Terra Tech Corp.
  • American Cannabis Company, Inc.
  • HempFlax B.V.
  • Industrial Hemp Manufacturing, LLC
  • American Hemp
  • Hemp, Inc.
  • Boring Hemp Company
  • Plains Industrial Hemp Processing Ltd.
  • Ecofiber Industries Operations
  • Valley Bio Limited

Industrial Hemp Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 6.3 billion

Revenue forecast in 2030

USD 16.82 billion

Growth rate

CAGR of 17.5% from 2024 to 2030

Historical data

2018 - 2023

Forecast period

2024 - 2030

Quantitative units

Volume in tons, revenue in USD million/billion, and CAGR from 2024 to 2030

Report coverage

Volume forecast, revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, Source, application, and region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Germany; U.K.; France; China; India; Japan; Brazil

Key companies profiled

Parkland Industrial Hemp Growers Cooperative Ltd.; CBD Biotechnology Co.; Botanical Genetics, LLC; Marijuana Company of America Inc.; HempMeds Brasil; Terra Tech Corp.; American Cannabis Company, Inc.; HempFlax B.V.; Industrial Hemp Manufacturing, LLC; American Hemp; Hemp, Inc.; Boring Hemp Company; Plains Industrial Hemp Processing Ltd.; Ecofiber; Industries Operations; Valley Bio Ltd.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global Industrial Hemp Market Report Segmentation

This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the industrial hemp market report based on product, source,application, and region:

Global Industrial Hemp Market Report Segmentation

  • Product Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

    • Seeds

    • Fiber

    • Shivs

  • Source Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)

    • Conventional

    • Organic

  • Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

    • Animal Care

    • Textiles

    • Automotive

    • Furniture

    • Food & Beverages

    • Paper

    • Construction Materials

    • Personal Care

    • Other

  • Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • UK

      • Germany

      • France

      • Spain

      • Italy

      • The Netherlands

    • Asia Pacific

      • China

      • India

      • Japan

      • Australia

      • New Zealand

    • Central & South America

      • Brazil

    • Middle East & Africa

Frequently Asked Questions About This Report

Table of Contents

Chapter 1. Industrial Hemp Market: Methodology and Scope
                   1.1. Market Segmentation & Scope
                   1.2. Market Definition
                   1.3. Information Procurement
                       1.3.1. Purchased Database
                       1.3.2. GVR’s Internal Database
                       1.3.3. Secondary Sources & Third-Party Perspectives
                       1.3.4. Primary Research
                   1.4. Information Analysis
                       1.4.1. Data Analysis Models
                   1.5. Market Formulation & Data Visualization
                   1.6. Data Validation & Publishing
Chapter 2. Industrial Hemp Market: Executive Summary
                   2.1. Market Outlook
                   2.2. Segmental Outlook
                   2.3. Competitive Insights
Chapter 3. Industrial Hemp Market: Variables, Trends & Scope
                   3.1. Ancillary Market Outlook
                   3.2. Industry Value Chain Analysis
                   3.3. Manufacturing Process
                   3.4. Regulatory Framework
                   3.5. Industrial Hemp - Market Dynamics
                       3.5.1. Market Driver Analysis
                       3.5.2. Market Restraint Analysis
                       3.5.3. Industry Challenges
                   3.6. Business Environment Analysis: Industrial Hemp Market
                       3.6.1. Porter's Analysis
                           3.6.1.1. Supplier Power
                           3.6.1.2. Buyer Power
                           3.6.1.3. Substitution Threat
                           3.6.1.4. Threat from New Entrant
                           3.6.1.5. Competitive Rivalry
                       3.6.2. PESTEL Analysis
                           3.6.2.1. Political Landscape
                           3.6.2.2. Environmental Landscape
                           3.6.2.3. Social Landscape
                           3.6.2.4. Technology Landscape
                           3.6.2.5. Economic Landscape
                           3.6.2.6. Legal Landscape
Chapter 4. Industrial Hemp Market: Product Estimates & Trend Analysis
                   4.1. Industrial Hemp Market: Product Movement Analysis, 2023 & 2030
                   4.2. Seeds
                       4.2.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                   4.3. Seed Oil
                       4.3.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                   4.4. CBD Hemp Oil
                       4.4.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                   4.5. Fiber (Bast)
                       4.5.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                   4.6. Shivs (Hurd)
                       4.6.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
Chapter 5. Industrial Hemp Market: Source Estimates & Trend Analysis
                   5.1. Industrial Hemp Market: Source Movement Analysis, 2023 & 2030
                   5.2. Conventional
                       5.2.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                   5.3. Organic
                       5.3.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
Chapter 6. Industrial Hemp Market: Application Estimates & Trend Analysis
                   6.1. Industrial Hemp Market: Application Movement Analysis, 2023 & 2030
                   6.2. Animal Care
                       6.2.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                   6.3. Textiles
                       6.3.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                   6.4. Automotive
                       6.4.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                   6.5. Furniture
                       6.5.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                   6.6. Food & Beverages
                       6.6.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                   6.7. Paper
                       6.7.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                   6.8. Construction Materials
                       6.8.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                   6.9. Personal Care
                       6.9.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                   6.10. Others
                       6.10.1. Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
Chapter 7. Industrial Hemp Market: Regional Estimates & Trend Analysis
                   7.1. Industrial Hemp Market: Regional Movement Analysis, 2023 & 208
                   7.2. North America
                       7.2.1. North America Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                       7.2.2. North America Industrial Hemp Market Estimates and Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
                       7.2.3. North America Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                       7.2.4. North America Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                       7.2.5. U.S.
                           7.2.5.1. U.S. Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                           7.2.5.2. U.S. Industrial Hemp Market Estimates and Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
                           7.2.5.3. U.S. Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                           7.2.5.4. U.S. Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                       7.2.6. Canada
                           7.2.6.1. Canada Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                           7.2.6.2. Canada Industrial Hemp Market Estimates and Forecasts, by Source, 2018 - 2030 (Tons) (USD Million)
                           7.2.6.3. Canada Industrial Hemp Market Estimates and Forecasts, by product, 2018 - 2030 (Tons) (USD Million)
                           7.2.6.4. Canada Industrial Hemp Market Estimates and Forecasts, by application, 2018 - 2030 (Tons) (USD Million)
                       7.2.7. Mexico
                           7.2.7.1. Mexico Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                           7.2.7.2. Mexico Industrial Hemp Market Estimates and Forecasts, by Source, 2018 - 2030 (Tons) (USD Million)
                           7.2.7.3. Mexico Industrial Hemp Market Estimates and Forecasts, by product, 2018 - 2030 (Tons) (USD Million)
                           7.2.7.4. Mexico Industrial Hemp Market Estimates and Forecasts, by application, 2018 - 2030 (Tons) (USD Million)
                   7.3. Europe
                       7.3.1. Europe Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                       7.3.2. Europe Industrial Hemp Market Estimates and Forecasts, By source, 2018 - 2030 (Tons) (USD Million)
                       7.3.3. Europe Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                       7.3.4. Europe Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                       7.3.5. UK
                           7.3.5.1. UK Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                           7.3.5.2. UK Industrial Hemp Market Estimates and Forecasts, By source, 2018 - 2030 (Tons) (USD Million)
                           7.3.5.3. UK Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                           7.3.5.4. UK Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                       7.3.6. Germany
                           7.3.6.1. Germany Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                           7.3.6.2. Germany Industrial Hemp Market Estimates and Forecasts, By source, 2018 - 2030 (Tons) (USD Million)
                           7.3.6.3. Germany Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                           7.3.6.4. Germany Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                       7.3.7. France
                           7.3.7.1. France Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                           7.3.7.2. France Industrial Hemp Market Estimates and Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
                           7.3.7.3. France Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                           7.3.7.4. France Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                       7.3.8. Italy
                           7.3.8.1. Italy Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                           7.3.8.2. Italy Industrial Hemp Market Estimates and Forecasts, By source, 2018 - 2030 (Tons) (USD Million)
                           7.3.8.3. Italy Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                           7.3.8.4. Italy Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                       7.3.9. Spain
                           7.3.9.1. Spain Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                           7.3.9.2. Spain Industrial Hemp Market Estimates and Forecasts, By source, 2018 - 2030 (Tons) (USD Million)
                           7.3.9.3. Spain Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                           7.3.9.4. Spain Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                       7.3.10. The Netherlands
                           7.3.10.1. The Netherlands Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                           7.3.10.2. The Netherlands Industrial Hemp Market Estimates and Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
                           7.3.10.3. The Netherlands Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                           7.3.10.4. The Netherlands Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                   7.4. Asia Pacific
                       7.4.1. Asia Pacific Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                       7.4.2. Asia Pacific Industrial Hemp Market Estimates and Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
                       7.4.3. Asia Pacific Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                       7.4.4. Asia Pacific Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                       7.4.5. China
                           7.4.5.1. China Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                           7.4.5.2. China Industrial Hemp Market Estimates and Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
                           7.4.5.3. China Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                           7.4.5.4. China Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                       7.4.6. India
                           7.4.6.1. India Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                           7.4.6.2. India Industrial Hemp Market Estimates and Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
                           7.4.6.3. India Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                           7.4.6.4. India Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                       7.4.7. Japan
                           7.4.7.1. Japan Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                           7.4.7.2. Japan Industrial Hemp Market Estimates and Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
                           7.4.7.3. Japan Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                           7.4.7.4. Japan Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                       7.4.8. Australia
                           7.4.8.1. Australia Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                           7.4.8.2. Australia Industrial Hemp Market Estimates and Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
                           7.4.8.3. Australia Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                           7.4.8.4. Australia Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                       7.4.9. New Zealand
                           7.4.9.1. New Zealand Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                           7.4.9.2. New Zealand Industrial Hemp Market Estimates and Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
                           7.4.9.3. New Zealand Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                           7.4.9.4. New Zealand Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                   7.5. Central & South America
                       7.5.1. Central & South America Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                       7.5.2. Central & South America Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                       7.5.3. Central & South America Industrial Hemp Market Estimates and Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
                       7.5.4. Central & South America Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                       7.5.5. Brazil
                           7.5.5.1. Brazil Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                           7.5.5.2. Brazil Industrial Hemp Market Estimates and Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
                           7.5.5.3. Brazil Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                           7.5.5.4. Brazil Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
                   7.6. Middle East & Africa
                       7.6.1. Middle East & Africa Industrial Hemp Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Million)
                       7.6.2. Middle East & Africa Industrial Hemp Market Estimates and Forecasts, By Source, 2018 - 2030 (Tons) (USD Million)
                       7.6.3. Middle East & Africa Industrial Hemp Market Estimates and Forecasts, By Product, 2018 - 2030 (Tons) (USD Million)
                       7.6.4. Middle East & Africa Industrial Hemp Market Estimates and Forecasts, By Application, 2018 - 2030 (Tons) (USD Million)
Chapter 8. Competitive Landscape
                   8.1. Competitive Landscape
                   8.2. Vendor Landscape
                   8.3. Competitive Environment
                   8.4. Competitive Market Positioning
                   8.5. Strategy Framework
                   8.6. Heat Map Analysis
                   8.7. List of Key Companies
Chapter 9. Company Profiles
                   9.1. Parkland Industrial Hemp Growers Cooperative Ltd. (PIHG)
                       9.1.1. Company overview
                       9.1.2. Financial performance
                       9.1.3. Product benchmarking
                       9.1.4. Strategic initiatives
                   9.2. CBD Biotechnology Co., Ltd.
                       9.2.1. Company overview
                       9.2.2. Financial performance
                       9.2.3. Product benchmarking
                       9.2.4. Strategic initiatives
                   9.3. Botanical Genetics, LLC
                       9.3.1. Company overview
                       9.3.2. Financial performance
                       9.3.3. Product benchmarking
                       9.3.4. Strategic initiatives
                   9.4. Marijuana Company of America Inc.
                       9.4.1. Company overview
                       9.4.2. Financial performance
                       9.4.3. Product benchmarking
                       9.4.4. Strategic initiatives
                   9.5. HempMeds Brasil
                       9.5.1. Company overview
                       9.5.2. Financial performance
                       9.5.3. Product benchmarking
                       9.5.4. Strategic initiatives
                   9.6. Terra Tech Corp
                       9.6.1. Company overview
                       9.6.2. Financial performance
                       9.6.3. Product benchmarking
                       9.6.4. Strategic initiatives
                   9.7. American Cannabis Company, Inc.
                       9.7.1. Company overview
                       9.7.2. Financial performance
                       9.7.3. Product benchmarking
                       9.7.4. Strategic initiatives
                   9.8. HempFlax B.V.
                       9.8.1. Company overview
                       9.8.2. Financial performance
                       9.8.3. Product benchmarking
                       9.8.4. Strategic initiatives
                   9.9. Industrial Hemp Manufacturing, LLC
                       9.9.1. Company overview
                       9.9.2. Financial performance
                       9.9.3. Product benchmarking
                       9.9.4. Strategic initiatives
                   9.10. American Hemp
                       9.10.1. Company overview
                       9.10.2. Financial performance
                       9.10.3. Product benchmarking
                       9.10.4. Strategic initiatives
                   9.11. Hemp, Inc.
                       9.11.1. Company overview
                       9.11.2. Financial performance
                       9.11.3. Product benchmarking
                       9.11.4. Strategic initiatives
                   9.12. Boring Hemp Company
                       9.12.1. Company overview
                       9.12.2. Financial performance
                       9.12.3. Product benchmarking
                       9.12.4. Strategic initiatives
                   9.13. Plains Industrial Hemp Processing Ltd.
                       9.13.1. Company overview
                       9.13.2. Financial performance
                       9.13.3. Product benchmarking
                       9.13.4. Strategic initiatives
                   9.14. Ecofiber
                       9.14.1. Company overview
                       9.14.2. Financial performance
                       9.14.3. Product benchmarking
                       9.14.4. Strategic initiatives
                   9.15. Valley Bio Limited
                       9.15.1. Company overview
                       9.15.2. Financial performance
                       9.15.3. Product benchmarking
                       9.15.4. Strategic initiatives


List of Tables

Table 1 List of state statutes and public acts on industrial hemp research and cultivation
Table 2 Industrial hemp seeds market estimates and forecasts,  (Tons) (USD Million)
Table 3 Industrial hemp seed oil market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 4 Industrial CBD hemp oil market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 5 Industrial hemp fiber market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 6 Industrial hemp shivs market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 7 Industrial hemp market estimates and forecasts, by conventional source, 2018 - 2030 (Tons) (USD Million)
Table 8 Industrial hemp market estimates and forecasts, by organic source, 2018 - 2030 (Tons) (USD Million)
Table 9 Industrial hemp market estimates and forecasts in animal care, 2018 - 2030 (Tons) (USD Million)
Table 10 Industrial hemp market estimates and forecasts in textiles, 2018 - 2030 (Tons) (USD Million)
Table 11 Industrial hemp market estimates and forecasts in automotive, 2018 - 2030 (Tons) (USD Million)
Table 12 Industrial hemp market estimates and forecasts in furniture, 2018 - 2030 (Tons) (USD Million)
Table 13 Industrial hemp market estimates and forecasts in food & beverages, 2018 - 2030 (Tons) (USD Million)
Table 14 Industrial hemp market estimates and forecasts in paper, 2018-2018 - 20302030 (Tons) (USD Million)
Table 15 Industrial hemp market estimates and forecasts in construction materials, 2018 - 2030 (Tons) (USD Million)
Table 16 Industrial hemp market estimates and forecasts in personal care, 2018 - 2030 (Tons) (USD Million)
Table 17 Industrial hemp market estimates and forecasts in other applications, 2018 - 2030 (Tons) (USD Million)
Table 18 North America industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 19 North America industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 20 North America industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 21 North America industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 22 North America industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 23 North America industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 24 North America industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 25 U.S. industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 26 U.S. industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 27 U.S. industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 28 U.S. industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 29 U.S. industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 30 U.S. industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 31 U.S. industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 32 Canada industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 33 Canada industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 34 Canada industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 35 Canada industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 36 Canada industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 37 Canada industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 38 Canada industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 39 Mexico industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 40 Mexico industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 41 Mexico industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 42 Mexico industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 43 Mexico industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 44 Mexico industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 45 Mexico industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 46 Europe industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 47 Europe industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 48 Europe industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 49 Europe industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 50 Europe industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 51 Europe industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 52 Europe industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 53 UK industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 54 UK industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 55 UK industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 56 UK industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 57 UK industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 58 UK industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 59 UK industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 60 Germany industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 61 Germany industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 62 Germany industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 63 Germany industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 64 Germany industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 65 Germany industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 66 Germany industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 67 France industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 68 France industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 69 France industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 70 France industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 71 France industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 72 France industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 73 France industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 74 Spain industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 75 Spain industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 76 Spain industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 77 Spain industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 78 Spain industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 79 Spain industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 80 Spain industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 81 Italy industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 82 Italy industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 83 Italy industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 84 Italy industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 85 Italy industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 86 Italy industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 87 Italy industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 88 The Netherlands industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 89 The Netherlands industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 90 The Netherlands industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 91 The Netherlands industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 92 The Netherlands industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 93 The Netherlands industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 94 The Netherlands industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 95 Asia Pacific industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 96 Asia Pacific industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 97 Asia Pacific industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 98 Asia Pacific industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 99 Asia Pacific industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 100 Asia Pacific industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 101 Asia Pacific industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 102 China industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 103 China industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 104 China industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 105 China industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 106 China industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 107 China industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 108 China industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 109 India industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 110 India industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 111 India industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 112 India industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 113 India industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 114 India industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 115 India industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 116 Japan industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 117 Japan industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 118 Japan industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 119 Japan industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 120 Japan industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 121 Japan industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 122 Japan industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 123 Australia industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 124 Australia industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 125 Australia industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 126 Australia industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 127 Australia industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 128 Australia industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 129 Australia industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 130 New Zealand industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 131 New Zealand industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 132 New Zealand industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 133 New Zealand industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 134 New Zealand industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 135 New Zealand industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 136 New Zealand industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 137 Central & South America industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 138 Central & South America industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 139 Central & South America industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 140 Central & South America industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 141 Central & South America industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 142 Central & South America industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 143 Central & South America industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 144 Brazil industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 145 Brazil industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 146 Brazil industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 147 Brazil industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 148 Brazil industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 149 Brazil industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 150 Brazil industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 151 Middle East & Africa industrial hemp market volume and revenue estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Table 152 Middle East & Africa industrial hemp market volume estimates and forecasts, by source, 2018 - 2030 (Tons)
Table 153 Middle East & Africa industrial hemp market revenue estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 154 Middle East & Africa industrial hemp market volume estimates and forecasts, by product, 2018 - 2030 (Tons)
Table 155 Middle East & Africa industrial hemp market revenue estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 156 Middle East & Africa industrial hemp market volume estimates and forecasts, by application, 2018 - 2030 (Tons)
Table 157 Middle East & Africa industrial hemp market revenue estimates and forecasts, by application, 2018 - 2030 (USD Million)


List of Figures

Fig. 1 Market snapshot
Fig. 2 Market trends & outlook
Fig. 3 Industrial hemp - Market segmentation
Fig. 4 Industrial hemp - Value chain analysis
Fig. 5 Industrial hemp - Market dynamics
Fig. 6 Market driver analysis
Fig. 7 U.S. hemp import, 2018 - 2023 (Metric Tons)
Fig. 8 Market restraint analysis
Fig. 9 Industrial hemp market - Porters
Fig. 10 Industrial hemp market - PESTEL analysis
Fig. 11 Industrial hemp: Product movement analysis, 2023 & 2030
Fig. 12 Industrial hemp market: Application movement analysis, 2023 & 2030
Fig. 13 Industrial hemp market: Regional movement analysis, 2023 & 2030

What questions do you have? Get quick response from our industry experts. Request a Free Consultation

Market Segmentation

  • Industrial Hemp Product Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
    • Seeds
    • Fiber
    • Shivs
  • Industrial Hemp Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
    • Animal Care
    • Textiles
    • Automotive
    • Furniture
    • Food & Beverages
    • Paper
    • Construction Materials
    • Personal care
    • Other
  • Industrial Hemp Market Source Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)
    • Conventional
    • Organic
  • Industrial Hemp Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
    • North America
      • North America Industrial Hemp Market, By Product
        • Seeds
        • Fiber
        • Shivs
      • North America Industrial Hemp Market, By Source
        • Conventional
        • Organic
      • North America Industrial Hemp Market, By Application
        • Animal Care
        • Textiles
        • Automotive
        • Furniture
        • Food & Beverages
        • Paper
        • Construction Materials
        • Personal care
        • Other
      • U.S.
        • U.S. Industrial Hemp Market, By Product
          • Seeds
          • Fiber
          • Shivs
        • U.S. Industrial Hemp Market, By Source
          • Conventional
          • Organic
        • U.S. Industrial Hemp Market, By Application
          • Animal Care
          • Textiles
          • Automotive
          • Furniture
          • Food & Beverages
          • Paper
          • Construction Materials
          • Personal care
          • Other
      • Mexico
        • Mexico Industrial Hemp Market, By Product
          • Seeds
          • Fiber
          • Shivs
        • Mexico Industrial Hemp Market, By Source
          • Conventional
          • Organic
        • Mexico Industrial Hemp Market, By Application
          • Animal Care
          • Textiles
          • Automotive
          • Furniture
          • Food & Beverages
          • Paper
          • Construction Materials
          • Personal care
          • Other
      • Canada
        • Canada Industrial Hemp Market, By Product
          • Seeds
          • Fiber
          • Shivs
        • Canada Industrial Hemp Market, By Source
          • Conventional
          • Organic
        • Canada Industrial Hemp Market, By Application
          • Animal Care
          • Textiles
          • Automotive
          • Furniture
          • Food & Beverages
          • Paper
          • Construction Materials
          • Personal care
          • Other
    • Europe
      • Europe Industrial Hemp Market, By Product
        • Seeds
        • Fiber
        • Shivs
      • Europe Industrial Hemp Market, By Source
        • Conventional
        • Organic
      • Europe Industrial Hemp Market, By Application
        • Animal Care
        • Textiles
        • Automotive
        • Furniture
        • Food & Beverages
        • Paper
        • Construction Materials
        • Personal care
        • Other
      • UK
        • UK Industrial Hemp Market, By Product
          • Seeds
          • Fiber
          • Shivs
        • UK Industrial Hemp Market, By Source
          • Conventional
          • Organic
        • UK Industrial Hemp Market, By Application
          • Animal Care
          • Textiles
          • Automotive
          • Furniture
          • Food & Beverages
          • Paper
          • Construction Materials
          • Personal care
          • Other
      • Germany
        • Germany Industrial Hemp Market, By Product
          • Seeds
          • Fiber
          • Shivs
        • Germany Industrial Hemp Market, By Source
          • Conventional
          • Organic
        • Germany Industrial Hemp Market, By Application
          • Animal Care
          • Textiles
          • Automotive
          • Furniture
          • Food & Beverages
          • Paper
          • Construction Materials
          • Personal care
          • Other
      • France
        • France Industrial Hemp Market, By Product
          • Seeds
          • Fiber
          • Shivs
        • France Industrial Hemp Market, By Source
          • Conventional
          • Organic
        • France Industrial Hemp Market, By Application
          • Animal Care
          • Textiles
          • Automotive
          • Furniture
          • Food & Beverages
          • Paper
          • Construction Materials
          • Personal care
          • Other
      • Italy
        • Italy Industrial Hemp Market, By Product
          • Seeds
          • Fiber
          • Shivs
        • Italy Industrial Hemp Market, By Source
          • Conventional
          • Organic
        • Italy Industrial Hemp Market, By Application
          • Animal Care
          • Textiles
          • Automotive
          • Furniture
          • Food & Beverages
          • Paper
          • Construction Materials
          • Personal care
          • Other
      • The Netherlands
        • The Netherlands Industrial Hemp Market, By Product
          • Seeds
          • Fiber
          • Shivs
        • The Netherlands Industrial Hemp Market, By Source
          • Conventional
          • Organic
        • The Netherlands Industrial Hemp Market, By Application
          • Animal Care
          • Textiles
          • Automotive
          • Furniture
          • Food & Beverages
          • Paper
          • Construction Materials
          • Personal care
          • Other
      • Spain
        • Spain Industrial Hemp Market, By Product
          • Seeds
          • Fiber
          • Shivs
        • Spain Industrial Hemp Market, By Source
          • Conventional
          • Organic
        • Spain Industrial Hemp Market, By Application
          • Animal Care
          • Textiles
          • Automotive
          • Furniture
          • Food & Beverages
          • Paper
          • Construction Materials
          • Personal care
          • Other
    • Asia Pacific
      • Asia Pacific Industrial Hemp Market, By Product
        • Seeds
        • Fiber
        • Shivs
      • Asia Pacific Industrial Hemp Market, By Source
        • Conventional
        • Organic
      • Asia Pacific Industrial Hemp Market, By Application
        • Animal Care
        • Textiles
        • Automotive
        • Furniture
        • Food & Beverages
        • Paper
        • Construction Materials
        • Personal care
        • Other
      • China
        • China Industrial Hemp Market, By Product
          • Seeds
          • Fiber
          • Shivs
        • China Industrial Hemp Market, By Source
          • Conventional
          • Organic
        • China Industrial Hemp Market, By Application
          • Animal Care
          • Textiles
          • Automotive
          • Furniture
          • Food & Beverages
          • Paper
          • Construction Materials
          • Personal care
          • Other
      • India
        • India Industrial Hemp Market, By Product
          • Seeds
          • Fiber
          • Shivs
        • India Industrial Hemp Market, By Source
          • Conventional
          • Organic
        • India Industrial Hemp Market, By Application
          • Animal Care
          • Textiles
          • Automotive
          • Furniture
          • Food & Beverages
          • Paper
          • Construction Materials
          • Personal care
          • Other
      • Japan
        • Japan Industrial Hemp Market, By Product
          • Seeds
          • Fiber
          • Shivs
        • Japan Industrial Hemp Market, By Source
          • Conventional
          • Organic
        • Japan Industrial Hemp Market, By Application
          • Animal Care
          • Textiles
          • Automotive
          • Furniture
          • Food & Beverages
          • Paper
          • Construction Materials
          • Personal care
          • Other
      • Australia
        • Australia Industrial Hemp Market, By Product
          • Seeds
          • Fiber
          • Shivs
        • Australia Industrial Hemp Market, By Source
          • Conventional
          • Organic
        • Australia Industrial Hemp Market, By Application
          • Animal Care
          • Textiles
          • Automotive
          • Furniture
          • Food & Beverages
          • Paper
          • Construction Materials
          • Personal care
          • Other
      • New Zealand
        • New Zealand Industrial Hemp Market, By Product
          • Seeds
          • Fiber
          • Shivs
        • New Zealand Industrial Hemp Market, By Source
          • Conventional
          • Organic
        • New Zealand Industrial Hemp Market, By Application
          • Animal Care
          • Textiles
          • Automotive
          • Furniture
          • Food & Beverages
          • Paper
          • Construction Materials
          • Personal care
          • Other
    • Central & South America
      • Central & South America Industrial Hemp Market, By Product
        • Seeds
        • Fiber
        • Shivs
      • Central & South America Industrial Hemp Market, By Source
        • Conventional
        • Organic
      • Central & South America Industrial Hemp Market, By Application
        • Animal Care
        • Textiles
        • Automotive
        • Furniture
        • Food & Beverages
        • Paper
        • Construction Materials
        • Personal care
        • Other
      • Brazil
        • Brazil Industrial Hemp Market, By Product
          • Seeds
          • Fiber
          • Shivs
        • Brazil Industrial Hemp Market, By Source
          • Conventional
          • Organic
        • Brazil Industrial Hemp Market, By Application
          • Animal Care
          • Textiles
          • Automotive
          • Furniture
          • Food & Beverages
          • Paper
          • Construction Materials
          • Personal care
          • Other
    • Middle East & Africa
      • Middle East & Africa Industrial Hemp Market, By Product
        • Seeds
        • Fiber
        • Shivs
      • Middle East & Africa Industrial Hemp Market, By Source
        • Conventional
        • Organic
      • Middle East & Africa Industrial Hemp Market, By Application
        • Animal Care
        • Textiles
        • Automotive
        • Furniture
        • Food & Beverages
        • Paper
        • Construction Materials
        • Personal care
        • Other

Industrial Hemp Market Dynamics

Drivers: Rising Demand In Application Industries

The global hemp market is driven by the rising demand from industries such as agriculture, textiles, personal care, recycling, automotive, furniture, food & beverage, paper, and construction materials. Growing demand for hemp products including fiber, seed, stalks, hurds, and oils from the application above industries is expected to drive the market over the forecast period.

Hemp fibers are used in fabrics and textiles, yarns and spun fibers, paper, home furnishing, carpeting, construction and insulation materials, auto parts, and composites. Hemp hurd obtained from hemp stalks is used in animal bedding, paper, and oil absorbents. Hemp oil is used in shampoos, soaps, lotions, bath gels, and other cosmetics. Hemp-based personal care products are expected to drive market growth over the forecast period because of hemp oil's high and favorably balanced essential fatty acid content, making it an ideal ingredient for body care products. Hemp oil treats many skin conditions such as acne, psoriasis, and eczema. According to California-based Hemp Industries Association (HIA), USD 147 million worth of hemp-based personal care products were distributed in the U.S. in 2015 and are expected to remain a vital part of the overall market growth over the forecast period.

Hemp is also used in medicinal and therapeutic products and nutritional supplements, including pharmaceuticals. The high dietary values and beneficial fatty acid and protein profile of hemp drive the demand for hemp products in the market. Hemp oil contains fatty acids with a 3:1 ratio of omega-6 and omega-3 acids. Hemp oil contains about 80% of the essential fatty acids, including linoleic acid, omega-3, omega-6, and alpha-linoleic acid, which the body requires to build healthy cells and maintain brain and nerve function.

In comparison with other bast fibers such as kenaf, flax, jute, or ramie, hemp fiber has excellent length, durability, strength, absorbency, anti-mildew, and anti-microbial properties. The high absorbency of hemp fiber benefits oil and gas cleanup, livestock bedding, and personal hygiene market. Industrial hemp's high tensile strength, strength-to-weight ratio, and flexural strength offer desired benefits in bio-composites for automotive parts, fiberboard, aerospace, and packaging. Furthermore, the demand for hemp from the textile, paper, and building materials markets is growing due to its favorable acoustic and aesthetic properties.

Agricultural And Environmental Benefits Associated With Hemp Cultivation

 Industrial hemp production is associated with several agricultural and environmental benefits. With its fast growth period of 120-150 days and significant biomass yield, hemp enables efficient agricultural land use. It is helpful in carbon sequestration as it yields a large amount of biomass along with providing a valuable break in crop rotation. Hemp can be grown in various soil types and climatic conditions. In addition, the crop grows in very tightly-spaced areas, enabling more profits for farmers with small lands. The crop is naturally weed-suppressing and disease-free and, thus, can be cultivated without the need for most pesticides, herbicides, or fungicides, which protects the soil from the hazardous effects of these chemicals. Because of its resiliency, it is used as a natural method to clean up soil pollution using phytoremediation, which is used to extract toxins and pollutants from the groundwater and soil harmlessly. In addition to the direct benefits of hemp in reducing the environmental impact of crop production, the products manufactured from hemp are eco-friendly, renewable, and associated with less harmful preparation methods. For instance, paper produced from hemp fiber requires less chemicals for processing than paper made from wood pulps.

Restraints: Stringent Government Regulations

Industrial hemp is a highly regulated crop worldwide; licenses from different country and state authorities are required to grow, process, distribute, and use hemp products. Acts such as the Industrial Hemp Regulatory Act, Controlled Substances Act of 1970, Agricultural Act of 2014, 2014 Farm Bill, and Industrial Hemp Act 2017 control industrial hemp production, possession, sale, transportation, and delivery.

Industrial hemp production in the U.S. faces additional obstacles from strict governmental drug policies and concerns about the impact of industrial hemp on the illegal marijuana market. Only varieties of industrial hemp named in the list of approved cultivars published by Health Canada are approved for planting in Canada. These varieties are known to produce plants containing less than 0.3% THC under normal conditions. Furthermore, the Canadian government only gives licenses to grow industrial hemp for grains or fibers for one calendar year for crops of four hectares or more, and if cultivating for pedigreed seed, not less than one hectare. Finola, CFX-2, X 59, CRS-1, and CFX-1 are the most common approved varieties being contracted and grown in Canada.

Important hemp-producing countries include China, Hungary, Romania, Poland, France, and Italy. Canada, the UK, and Germany resumed commercial production in the 1990s. The UK produces hemp mainly for its use in horse bedding; however, companies in Canada, the UK, the U.S., and Germany, among many others, are processing hemp seed into a growing range of food products and cosmetics. Although these countries are producing and consuming significant amounts of hemp while liberalizing regulations, they are also promoting the consumption of alternative fibers such as kenaf, flax, chia, and jute, which are legal across the world and have characteristics similar to that of hemp fibers, thereby restricting market growth.

What Does This Report Include?

This section will provide insights into the contents included in this industrial hemp market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Industrial hemp market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Industrial hemp market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

What questions do you have? Get quick response from our industry experts. Request a Free Consultation

Research Methodology

A three-pronged approach was followed for deducing the industrial hemp market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for industrial hemp market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of industrial hemp market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Industrial Hemp Market Categorization:

The industrial hemp market was categorized into three segments, namely product (Seeds, Fiber, Shivs), application (Animal Care, Textiles, Automotive, Furniture, Food & Beverages, Paper, Construction Materials, Personal Care), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa)

Segment Market Methodology:

The industrial hemp market was segmented into product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The industrial hemp market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nine countries, namely, the U.S.; Canada; Germany; the UK; France; China; India; Japan; Brazil.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Industrial hemp market companies & financials:

The industrial hemp market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Parkland Industrial Hemp Growers Cooperative Ltd. (PIHG) - Parkland Industrial Hemp Growers Cooperative Ltd. was established in 1999 and is headquartered in Dauphin, Canada. It was established by a group of Parkland farmers to network and share information on agronomy and handling of hemp, along with ideas on equipment modification, and to identify potential markets for industrial hemp. The company was incorporated as a New Generation Cooperative, which allows it to partner with private investors. The company has engaged in research and development activities to develop a suitable agronomy for hemp. In 2002, it started a breeding program and efficiently adapted advanced equipment to handle the crop with minimal difficulties. The company produces 9 varieties of industrial hemp that vary from dual-purpose to grain-only and fiber-only applications. These industrial hemp varieties include Alyssa, Angie, Canda, Debbie, and Joey, among others. The company also provides certified seeds to growers through breeding programs and ships products across Canada and the U.S. The company supplies hemp grain to processors, food distributors, and formulators through production contracts.

  • CBD Biotechnology Co., Ltd - CBD Biotechnology Co., located in British Colombia, Canada, produces industrial hemp with low tetrahydrocannabinol (THC) and high cannabidiol (CBD) content. The company extracts CBD from hemp plant through the standardized cold CO2 extraction method and supplies pure product to its customers. It develops hemp plants organically, avoiding pesticides and heavy metals. The company is involved in the research, development, and distribution of hemp-based health products. The stalk of hemp plants produced by the company contains one of the most potent natural fibers, which was initially used for ropes, clothing, and fishing nets. CBD oil produced by the company is used in the treatment of various diseases including Alzheimer's, arthritis, asthma, autism, and cancer, diabetes, and Parkinson's, among others. In addition to the medical applications of hemp, the company also produces hemp-based food and beverage products. It distributes various hemp products through its official websites, Tmall, Taobao, and multi-level direct selling systems.   

  • Botanical Genetics, LLC - Botanical Genetics, LLC is a wholly owned subsidiary of 22nd Century Group, Inc., a plant biotechnology company, that develops various technologies related to tobacco and cannabis plants. The company operates with Canadian cannabis Research Company Anandia Labs, Inc. and significant U.S. universities for research purposes, which gives it a competitive advantage in the development of industrial hemp and medical marijuana. Furthermore, the company collaborates with hemp breeders to produce and supply new industrial hemp varieties. The company offers various hemp products such as cosmetics, foods, nutritional supplements, fabrics & textiles, yarns, paper, construction materials, and insulation. The company is seeking third parties interested in licensing its cannabinoid biosynthetic enzyme genes for use in yeast or other non-plant systems. It is also involved in various projects, including Zero THC Hemp, new cannabinoid profiles for novel medicines, hemp varieties optimized for local climates and conditions, hemp varieties optimized for agronomic traits, producing cannabinoids in other systems, and industrial hemp for phytoremediation, among many others.

  • Marijuana Company of America Inc. - Marijuana Company of America Inc. was founded in 2015 by Don Steinberg and Charles Larsen and is headquartered in Southern California, U.S. The company provides a unique approach to the legal cannabis and hemp industries. Its subsidiary hempSMART offers hemp-derived, non-THC cannabinoidbased products across the country. The company, along with Global Hemp Group (GHG), produces hemp in northeast New Brunswick. The company invests in several complementary businesses to develop a diverse portfolio of subsidiaries and joint ventures such as hempSMART, Bougainville, Brunswick, and Moneytrac. It is a publicly-traded company on the OTC market under the symbol MOCA. The vertically integrated business model of the company provides its customers with premium-quality ingredients.

  • HempMeds Brasil - HempMeds Brasil is a subsidiary of Medical Marijuana, Inc. which is a publicly traded company in the U.S. The company provides the Brazilian medical community with legal medicinal cannabis products. In 2014, the company’s Real Scientific Hemp Oil (RSHO) became the first cannabis product legally imported into Latin America, when Brazil approved its use. In 2017, the company received authorization from the Brazilian government for doctors to offer a prescription for RSHO to patients. The hemp CBD oil product was targeted for the treatment of multiple sclerosis. The company produces three cannabis products approved for import into Brazil as a prescription for multiple conditions including Parkinson’s, epilepsy, chronic pain, psoriasis, cancer, Alzheimer’s, migraine, and ALS, among others. The company distributes its products across countries such as the U.S., Brazil, Mexico, Paraguay, and other countries in the Americas. The company supported the establishment of the National Association of Users of Cannabidiol (ANUC) to provide patients greater access to medical cannabis products and is involved in spreading awareness related to the products among consumers.

  • Terra Tech Corp. - Terra Tech Corp was incorporated on July 22, 2008 in Nevada under the name Private Secretary, Inc. and subsequently changed its name on January 27, 2012. It is a cannabis-focused agricultural company headquartered in California, U.S. The company offers sustainable solutions for medical cannabis production, extraction, distribution, plant science research and development, food production, and closed environment agriculture (CEA). The company is involved in cultivating and providing the highest-quality medical cannabis, along with other agricultural products such as leafy greens and herbs grown using classic Dutch hydroponic farming methods. The company operates with seven wholly owned subsidiaries, including GrowOp Technology, Black Oak, Edible Garden, Blüm San Leandro, IVXX LLC, IVXX Inc., and EG Transportation. The company operates 11 acres of cultivation and extraction facilities in Nevada and California. The company owns 9 permits in CA and NV and works with a significant focus on geographic expansion.

  • American Cannabis Company, Inc. - American Cannabis Company, Inc. was founded in 2013 by Corey Hollister and Ellis Smith and is headquartered in Colorado, U.S. The company offers end-to-end solutions to the cannabis industry and a developed portfolio of branded products including patented Satchel, SoHum Living Soils, cultivation cubes, and high-density cultivation systems. The company uses True Living Organics (TLO) and lean manufacturing principles to optimize cannabis production at its Medical Cannabis Center in Colorado. It uses geoponics methodology developed to optimize the genetic potential of the cannabis plant through soil-based cultivation. Furthermore, the company offers clients the most innovative technologies to reduce cost and create high-quality products with high efficiency. It also provides its products and services across all 50 states of the U.S

  • HempFlax B.V. - HempFlax B.V. was founded in 1993 by Ben Dronkers and is headquartered in Oude Pekela, Netherlands. The company grew industrial hemp fiber over 2,500 hectares in 2017 and is expected to cultivate 3,500 hectares by 2020. The company has achieved synergy between various branches to create a sustainable and innovative business environment in the field of industrial hemp to satisfy the rising demand for high-quality products. The company cultivates industrial hemp in the Netherlands, Germany, and Romania, with its factories located in Oude Pekela, Netherlands, and Alba lulia, Romania. It is involved in contract farming with crop farmers to obtain fresh natural hemp fiber. Industrial hemp is used in construction, industrial applications, animal care, nutraceuticals, and horticulture, among other applications. The company is involved in the ongoing developments and improvements of its products for use in all these aforementioned industries. It also offers high-tech equipment for hemp harvesting and processing to develop efficient production lines.

  • Industrial Hemp Manufacturing, LLC - Industrial Hemp Manufacturing, LLC is a wholly owned subsidiary of Hemp, Inc. and provides a wide variety of plant fibers including hemp, kenaf, flax, and jute. The company was founded by Bruce Perlowin and is headquartered in North Carolina, U.S. The company operates with fiber treatment technology to make plant fibers water-repellent, fire-retardant, absorptive, or incredibly soft. The company also provides customized cut fibers, carded open fibers, treated fibers, textiles, non-woven mats, woven mats, and other natural fiber products. The company also manufactures automotive plastic composites made with plant fibers that are as strong as fiberglass and 30% lighter. The company manufactures hemp fiber products that are used for oil well drilling loss circulation materials (LCM), spill absorbents, and blast fibers for making plastic composites widely used by significant oil, water, and gas companies. It also manufactures SpillSuck, which is a superabsorbent biodegradable material made from the core of the kenaf and hemp plant. This product is used for oil and chemical spill cleanup in industrial as well as commercial and residential setups.

  • American Hemp - American Hemp is a supplier of industrial hemp crop and is headquartered in North Carolina, U.S. The company offers raw and processed hemp fibers to manufacturers for applications in bast fibers such as textiles, building materials, biocomposites, and paper, hurd products such as hempcrete, animal bedding, and briquettes, and seeds, grains, and stalks. The company is involved in the research and development programs to continuously improve hemp products and materials to produce environmentally viable products in the U.S. and across the globe. The company offers processed hemp material separated and converted into long hemp bast fibers, short fibers, hurd, and dust. Hemp fine provided by the company comprises dust particles that arise from the separation of the fiber from the hurd and has alternative applications such as in clean burning energy. The company works with farmers and has developed strong local, regional, and global supply chain management networks.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Industrial Hemp Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Industrial Hemp Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

What questions do you have? Get quick response from our industry experts. Request a Free Consultation
gvr icn

GET A FREE SAMPLE

gvr icn

This FREE sample includes data points, ranging from trend analyses to estimates and forecasts. See for yourself.

gvr icn

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. Contact us now

Certified Icon

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.