Global Industrial Hemp Market Growth 2023-2029

Global Industrial Hemp Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Industrial Hemp Industry Forecast” looks at past sales and reviews total world Industrial Hemp sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Hemp sales for 2023 through 2029. With Industrial Hemp sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Hemp industry.
This Insight Report provides a comprehensive analysis of the global Industrial Hemp landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Hemp portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Industrial Hemp market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Hemp and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Hemp.
The global Industrial Hemp market size is projected to grow from US$ 1135.7 million in 2022 to US$ 3265.8 million in 2029; it is expected to grow at a CAGR of 3265.8 from 2023 to 2029.
Global industrial hemp key players include Canopy Growth Corporation, Charlotte's Web CBD, Aurora Cannabis, Folium Biosciences, Endoca, etc. Global top five manufacturers hold a share over 30%. North America is the largest market, with a share about 60%, followed by Europe, and Latin America, total have a share about 40 percent. In terms of product, CBD Oil is the largest segment, with a share over 75%. And in terms of application, the largest application is Medicine, followed by Food and Beverage, Cosmetics, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Hemp market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
CBD Oil
CBD Crystal
Segmentation by application
Medical and Pharmaceutical
Food and Beverage
Cosmetics
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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)

Key Questions Addressed in this Report
What is the 10-year outlook for the global Industrial Hemp market?
What factors are driving Industrial Hemp market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Industrial Hemp market opportunities vary by end market size?
How does Industrial Hemp break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.