Global Industrial Hemp Market Research Report 2023(Status and Outlook)

Global Industrial Hemp Market Research Report 2023(Status and Outlook)

Report Overview

Industrial hemp is a variety of the Cannabis sativa plant species that is grown specifically for industrial use. It can be used to make a wide range of products. Along with bamboo, hemp is one of the fastest growing plant on Earth. It was also one of the first plants to be spun into usable fiber 50,000 years ago. It can be refined into a variety of commercial items, including paper, rope, textiles, clothing, biodegradable plastics, paint, insulation, biofuel, food, and animal feed.

The Global Industrial Hemp Market Size was estimated at USD 1358.80 million in 2022 and is projected to reach USD 3771.28 million by 2029, exhibiting a CAGR of 15.70% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Industrial Hemp market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Industrial Hemp Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Industrial Hemp market in any manner.

Global Industrial Hemp Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Kazmira

Medical Marijuana, Inc.

Charlotte's Web CBD

CV Sciences

Folium Biosciences

Endoca

Aurora Cannabis

Aphria

Canopy Growth Corporation

Manitoba Harvest

Hankang (Yunnan) Biotechnology

Yunnan Hansu Biotechnology

Yunnan Hamusen Biology

Kunming BiouNIO Biotechnology

Asan Wuxing Biology

Yunnan Yunxing Biotechnology

Huayun Jinxin Biotechnology

Yunma Biotechnology (Chenguang Biotechnology)

Market Segmentation (by Type)

CBD Oil

CBD Crystal

Market Segmentation (by Application)

Snack Food

Confectionery and Bakery

Cosmetics

Other Application

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Industrial Hemp Market

Overview of the regional outlook of the Industrial Hemp Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors