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Industrial Hemp Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

May 2022 | 143 pages | ID: I5F2E646707CEN
IMARC Group

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The global industrial hemp market reached a value of US$ 4.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.0 Billion by 2027, exhibiting a CAGR of 16.57% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Industrial hemp is a plant species of Cannabis sativa that is a rich source of fiber and oilseed. It has considerable amounts of protein, carbohydrates, vitamins, essential fatty acids, and trace elements. As a result, it is used to manage or treat several debilitating conditions. Besides this, it is utilized in the production of nutritional supplements, fabrics and textiles, paper, construction materials, food and beverages, personal care products, and other industrial goods across the globe.

Industrial Hemp Market Trends:
Industrial hemp is a versatile and eco-friendly alternative for manufacturing lightweight and dent-resistant automobile bodies. This, along with the increasing need for reducing carbon footprint and the burgeoning automotive industry, represents one of the key factors strengthening the growth of the market. Apart from this, industrial hemp assists in weeding fields, soil remediation, and bio-absorption of heavy metals and contaminants. As a result, it is widely employed in the agriculture sector of countries that have permitted its usage under license. Moreover, as the fiber of industrial hemp is longer, stronger, more absorbent than cotton, hemp fabrics and textiles are gaining popularity gradually in numerous countries. Hemp fabrics are utilized in the manufacturing of yarns and spun fibers, home furnishings, insulation materials, and composites. This, in confluence with the rising adoption of industrial hemp for the production of oil paints, printing inks, fuel, putty, chain-saw lubricants, and coatings, is also contributing to the market growth. Furthermore, the liberalization in government regulations for the production of industrial hemp is offering lucrative growth opportunities to the key market players. Besides this, the rising consumption of hemp-based products on account of their health benefits and the escalating incidences of epilepsy and other sleep disorders is anticipated to impel the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial hemp market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, source and application.

Breakup by Type:

Hemp Seed
Hemp Oil
Hemp Fiber
Others

Breakup by Source:

Conventional
Organic

Breakup by Application:

Food and Beverages
Textiles
Personal Care Products
Pharmaceuticals
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aurora Cannabis, Boring Hemp Company, Ecofibre Limited, Hemp Inc, HempFlax Group B.V., Hempro International GmbH, MH medical hemp GmbH, Parkland Industrial Hemp Growers Co-op. Ltd., South Hemp Tecno srl and Valley Bio Limited.
Key Questions Answered in This Report:
How has the global industrial hemp market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global industrial hemp market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the source?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global industrial hemp market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL INDUSTRIAL HEMP MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Hemp Seed
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Hemp Oil
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Hemp Fiber
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY SOURCE

7.1 Conventional
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Organic
  7.2.1 Market Trends
  8.2.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1 Food and Beverages
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Textiles
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Personal Care Products
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Pharmaceuticals
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Others
  8.5.1 Market Trends
  8.5.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Aurora Cannabis
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2 Boring Hemp Company
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
  14.3.3 Ecofibre Limited
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
  14.3.4 Hemp Inc
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5 HempFlax Group B.V.
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
  14.3.6 Hempro International GmbH
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
  14.3.7 MH medical hemp GmbH
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8 Parkland Industrial Hemp Growers Co-op. Ltd.
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
  14.3.9 South Hemp Tecno srl
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10 Valley Bio Limited
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Industrial Hemp Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Industrial Hemp Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Industrial Hemp Market Forecast: Breakup by Source (in Million US$), 2022-2027
Table 4: Global: Industrial Hemp Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Industrial Hemp Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Industrial Hemp Market: Competitive Structure
Table 7: Global: Industrial Hemp Market: Key Players

LIST OF FIGURES

Figure 1: Global: Industrial Hemp Market: Major Drivers and Challenges
Figure 2: Global: Industrial Hemp Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Industrial Hemp Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Industrial Hemp Market: Breakup by Type (in %), 2021
Figure 5: Global: Industrial Hemp Market: Breakup by Source (in %), 2021
Figure 6: Global: Industrial Hemp Market: Breakup by Application (in %), 2021
Figure 7: Global: Industrial Hemp Market: Breakup by Region (in %), 2021
Figure 8: Global: Industrial Hemp (Hemp Seed) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Industrial Hemp (Hemp Seed) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Industrial Hemp (Hemp Oil) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Industrial Hemp (Hemp Oil) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Industrial Hemp (Hemp Fiber) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Industrial Hemp (Hemp Fiber) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Industrial Hemp (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Industrial Hemp (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Industrial Hemp (Conventional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Industrial Hemp (Conventional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Industrial Hemp (Organic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Industrial Hemp (Organic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Industrial Hemp (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Industrial Hemp (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Industrial Hemp (Textiles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Industrial Hemp (Textiles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Industrial Hemp (Personal Care Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Industrial Hemp (Personal Care Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Industrial Hemp (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Industrial Hemp (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Industrial Hemp (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Industrial Hemp (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Industrial Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Industrial Hemp Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Global: Industrial Hemp Industry: SWOT Analysis
Figure 80: Global: Industrial Hemp Industry: Value Chain Analysis
Figure 81: Global: Industrial Hemp Industry: Porter's Five Forces Analysis


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