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Global Industrial Hemp Market by Product (Fiber, Shives, Seeds), by Application (Textiles, Animal Care, Food & Beverages, Personal Care) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: FFA-73867
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 60
  • No. Of Pages: 203
  • Format:
  • Pub. Date: 2021-10-21
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Summary of the Report

In 2019, the global industrial hemp market was valued at USD 4.71 million. It is projected to grow at a revenue-based CAGR (15.8%) over the forecast period. This market is driven by growing demand for hemp oil, fibers, and food and beverage industries, as well as in emerging regions like the Asia Pacific. The market is expected to grow due to rising demand for oil paints and varnishes, printing solvents, fuel, solvents chain-saw lubricants, putty and coatings. The market will also be driven by an increase in investment in hemp-based products.

Hemp is a low-cost crop that farmers can grow, encouraging them to try other crops. This has led to an increase in the number of producers. Canada has seen an average 25% increase in the country's industrial hemp acreage. The U.S. also saw an increase in the retail value of these products in 2018. To gain more market share, the major players in the market focus on making the most of the crop.

The market is expected to grow due to rising awareness about the health benefits of hemp oil and growing demand from the cosmetics, personal care and beauty industries. Market growth is expected to be driven by the introduction of favorable regulation in the U.S. regarding the cultivation and use hemp-based products.

The cultivation, processing, distribution, and use of industrial hemp is highly regulated. The liberalization of regulations has allowed countries to produce and consume significant amounts of industrial hemp, which will drive the growth in the market for this product over the next eight year.

Market growth will be stimulated by the enforcement of regulations like the 2018 Farm Bill. This law removes the requirement that a registered Drug Enforcement Administration (DEA), grower or manufacturer of certain types of cannabis must register. The White House's recent approval of US Department of Agriculture (USDA), hemp rules is expected to have a positive impact on product demand.

Product Insights

Oilcake and hemp seeds are used as an alternative source for food and protein in the food and drink industry. Oil from the crushed seeds is used to make soap, lotions and shampoos as well as cosmetics. In the next few years, the demand for industrial hemp is expected to increase.

The majority of seeds are used to make oil, which can be used in personal care, food, and animal feed industries. Oil can also be used to make nutritional and therapeutic supplements, as well as pharmaceuticals. Due to rising demand from the application industries, the market for seeds will expand at a CAGR in excess of 19.8% over the forecast period.

Hemp fibers are used in insulation materials and bio-composites. This is due to their high strength, light weight, thermodynamic and biodegradable properties. Hemp biocomposites are used mainly for the molding of automotive parts. These fibers are strong, absorbent, and high in hemicellulose, making them a valuable crop for the textile industry.

The demand for hemp-based building materials is expected to rise due to rising consumer demand for green buildings and environmental pollution around the world. Hempcrete is a concrete made of lime and shives that is used in private houses across Europe, including the U.K. and France. This has led to a rise in demand for shives within the construction industry.

Application Insights

The agricultural product of industrial hemp is widely used in animal care. These seeds are rich in protein and nutritional value, and are used a lot in bird and animal feed. Due to growing use of shives and leaves for animal bedding, the animal care segment will grow at 9.7% CAGR over the forecast period.

Bast fiber is the main ingredient in industrial hemp fiber. It is used to make textiles including consumer fabrics and technical Textiles. Products include clothing, diapers and fabrics. The strength and hypo-allergic nature of Hamp fabric makes it stand out from other fabrics.

Because of its high nutritional value, which includes proteins and fatty acids, hemp oil is widely used in the manufacture of food and beverages. Due to the increasing awareness of the benefits of hemp oil and seeds in food manufacturing, this market is expected to grow.

Hemp fibers are used extensively in construction and insulation materials like fiberboard, stucco, mortar, stucco, cement blocks, stucco, mortar, coatings putty and roofing underlay. They also make acoustic materials, house wraps, pipe wraps and shingles. Over the forecast period, there will be a rise in the demand for hemp fiber-based residential insulation products in the U.S.

Regional Insights

The U.S. has been investing heavily in the development of different types of industrial hemp with a Tetrahydrocannabinol content below 0.3% since the 2018 Farm Bill, which legalized their production. China is the top exporter of processed and raw hemp products to the U.S., followed by Hungary and Romania. Over the forecast period, the U.S. market is expected to grow due to the steady growth of niche markets for hemp-based industrial products and consumer goods.

This industry is tightly regulated. All activities, including cultivation, distribution, marketing, and transport, must be done in compliance with all applicable laws. The importance of seed varieties plays a significant role in product quality and cultivation. China and other Asian countries have a long history of hemp production and exports. This has enabled them to dominate the global market in recent years.

In Europe, the market for industrial hemp accounted for 22.2% of the total revenue in 2019. This is due to its use in construction materials, automotive parts, textiles and fabrics made from fibers. The market is expected to grow due to increased demand in the food, supplements, cosmetics and personal care sectors.

China is the world's largest producer of industrial hemp products. It has never banned hemp cultivation and has an established supply chain that allows it to be a leader in the market. China is home to many well-established spinning plants for natural fibers and a low labor force. This has allowed the creation of a highly competitive hemp textile sector that can offer cost-effective products around the world.

Market Share in Industrial Hemp

This market is both large and fragmented and there are many service providers and manufacturers. These companies invest primarily in the development of industrial hemp products such as oil, personal and nutritional care products, protein powders and energy bars, food and beverages, and automotive and construction material.

A significant part of achieving a large market share is the increasing focus on choosing hemp varieties that are low in THC, the use of advanced equipment during cultivation and the processing of these crops, technical support for growers and the establishment of contracts with farmers to support cultivation, processing and use of these products.

Industrial Hemp Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends in each sub-segment from 2016 to 2027. Grand View Research has divided the global industrial hemp market report by product, region, and application.

  • Product Outlook (Volume and Tons; Revenue USD Million, 2016-2027)

    • Seeds

    • Fiber

    • Shives

  • Application Outlook (Volume and Tons; Revenue USD Millions, 2016-2027)

    • Animal Care

    • Textiles

    • Automotive

    • Furniture

    • Food & Beverages

    • Paper

    • Construction Materials

    • Personal Care

    • Other

  • Regional Outlook (Volume and Tons; Revenue USD Millions, 2016-2027)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

These are the most frequently asked questions about this report

b. The size of the global industrial hemp market was USD 4.71 billion in 2019, and is forecast to rise to USD 5.33 billion by 2020.

b. Global industrial hemp markets are expected to grow at a compound annual growth rate 15.8% between 2020 and 2027, to reach USD 15.26 Billion in 2027.

b. With a 32.6% share in 2019, the Asia Pacific was the dominant market for industrial hemp. China and other Asian countries have a long history of hemp production and exports. This has enabled them to dominate the global market in recent years.

b. Parkland Industrial Hemp Growers Cooperative Ltd., CBD Biotechnology Co., Ltd., Botanical Genetics, LLC are some of the key players in the industrial hemp market.

b. The growing demand for industrial hemp oil and fibers in the automotive and construction, food, beverage and personal care industries are key drivers of the market growth.

b. The development of the industrial hemp industry will be positively impacted by the US's 2018 Farm Bill, and the White House's recent approval of US Department of Agriculture (USDA), hemp rules.

b. Hemp seeds and hemp oilcake are used in a variety of industries, including the food and beverage and cosmetics industries. Hemp fibers are widely used in the textile industry due to their strength, biodegradability and lightweight.

b. Industrial hemp is used in textiles like consumer and technical fabrics. They are also used in animal care due to their high nutritional content, as well as in the food and beverages sector.

b. Because hemp oil has high nutritional value (which includes proteins and fat acids, among others), it is widely used in the food- and beverage industry.

b. Hemp fibers are used in many construction materials including stucco, mortar, cement blocks, stucco, mortar, coatings and putty.

Up Market Research published a new report titled “Industrial Hemp Market research report which is segmented by Product (Fiber, Shives, Seeds), by Application (Textiles, Animal Care, Food & Beverages, Personal Care), By Players/Companies Botanical Genetics, LLC, Ltd, CBD Biotechnology Co, Parkland Industrial Hemp Growers Cooperative Ltd (PIHG)”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report AttributesReport Details
Report TitleIndustrial Hemp Market Research Report
By ProductFiber, Shives, Seeds
By ApplicationTextiles, Animal Care, Food & Beverages, Personal Care
By CompaniesBotanical Genetics, LLC, Ltd, CBD Biotechnology Co, Parkland Industrial Hemp Growers Cooperative Ltd (PIHG)
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages203
Number of Tables & Figures143
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Industrial Hemp Industry Outlook

Global Industrial Hemp Market Report Segments:

The market is segmented by Product (Fiber, Shives, Seeds), by Application (Textiles, Animal Care, Food & Beverages, Personal Care).

Industrial Hemp Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • 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:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Industrial Hemp Market Overview

Highlights of The Industrial Hemp Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Industrial Hemp Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Product:

                1. Fiber

                2. Shives

                3. Seeds

        7. By Application:

                1. Textiles

                2. Animal Care

                3. Food & Beverages

                4. Personal Care

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Industrial Hemp Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Industrial Hemp Market Trends

Reasons to Purchase the Industrial Hemp Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Hemp Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Industrial Hemp Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Industrial Hemp Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Industrial Hemp Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Industrial Hemp Market Size & Forecast, 2018-2028 
      4.5.1 Industrial Hemp Market Size and Y-o-Y Growth 
      4.5.2 Industrial Hemp Market Absolute $ Opportunity 


Chapter 5 Global Industrial Hemp Market Analysis and Forecast by Product
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Product
      5.1.2 Basis Point Share (BPS) Analysis by Product
      5.1.3 Absolute $ Opportunity Assessment by Product
   5.2 Industrial Hemp Market Size Forecast by Product
      5.2.1 Fiber
      5.2.2 Shives
      5.2.3 Seeds
   5.3 Market Attractiveness Analysis by Product

Chapter 6 Global Industrial Hemp Market Analysis and Forecast by Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Application
      6.1.2 Basis Point Share (BPS) Analysis by Application
      6.1.3 Absolute $ Opportunity Assessment by Application
   6.2 Industrial Hemp Market Size Forecast by Application
      6.2.1 Textiles
      6.2.2 Animal Care
      6.2.3 Food & Beverages
      6.2.4 Personal Care
   6.3 Market Attractiveness Analysis by Application

Chapter 7 Global Industrial Hemp Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Industrial Hemp Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Industrial Hemp Analysis and Forecast
   9.1 Introduction
   9.2 North America Industrial Hemp Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Industrial Hemp Market Size Forecast by Product
      9.6.1 Fiber
      9.6.2 Shives
      9.6.3 Seeds
   9.7 Basis Point Share (BPS) Analysis by Product 
   9.8 Absolute $ Opportunity Assessment by Product 
   9.9 Market Attractiveness Analysis by Product
   9.10 North America Industrial Hemp Market Size Forecast by Application
      9.10.1 Textiles
      9.10.2 Animal Care
      9.10.3 Food & Beverages
      9.10.4 Personal Care
   9.11 Basis Point Share (BPS) Analysis by Application 
   9.12 Absolute $ Opportunity Assessment by Application 
   9.13 Market Attractiveness Analysis by Application

Chapter 10 Europe Industrial Hemp Analysis and Forecast
   10.1 Introduction
   10.2 Europe Industrial Hemp Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Industrial Hemp Market Size Forecast by Product
      10.6.1 Fiber
      10.6.2 Shives
      10.6.3 Seeds
   10.7 Basis Point Share (BPS) Analysis by Product 
   10.8 Absolute $ Opportunity Assessment by Product 
   10.9 Market Attractiveness Analysis by Product
   10.10 Europe Industrial Hemp Market Size Forecast by Application
      10.10.1 Textiles
      10.10.2 Animal Care
      10.10.3 Food & Beverages
      10.10.4 Personal Care
   10.11 Basis Point Share (BPS) Analysis by Application 
   10.12 Absolute $ Opportunity Assessment by Application 
   10.13 Market Attractiveness Analysis by Application

Chapter 11 Asia Pacific Industrial Hemp Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Industrial Hemp Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Industrial Hemp Market Size Forecast by Product
      11.6.1 Fiber
      11.6.2 Shives
      11.6.3 Seeds
   11.7 Basis Point Share (BPS) Analysis by Product 
   11.8 Absolute $ Opportunity Assessment by Product 
   11.9 Market Attractiveness Analysis by Product
   11.10 Asia Pacific Industrial Hemp Market Size Forecast by Application
      11.10.1 Textiles
      11.10.2 Animal Care
      11.10.3 Food & Beverages
      11.10.4 Personal Care
   11.11 Basis Point Share (BPS) Analysis by Application 
   11.12 Absolute $ Opportunity Assessment by Application 
   11.13 Market Attractiveness Analysis by Application

Chapter 12 Latin America Industrial Hemp Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Industrial Hemp Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Industrial Hemp Market Size Forecast by Product
      12.6.1 Fiber
      12.6.2 Shives
      12.6.3 Seeds
   12.7 Basis Point Share (BPS) Analysis by Product 
   12.8 Absolute $ Opportunity Assessment by Product 
   12.9 Market Attractiveness Analysis by Product
   12.10 Latin America Industrial Hemp Market Size Forecast by Application
      12.10.1 Textiles
      12.10.2 Animal Care
      12.10.3 Food & Beverages
      12.10.4 Personal Care
   12.11 Basis Point Share (BPS) Analysis by Application 
   12.12 Absolute $ Opportunity Assessment by Application 
   12.13 Market Attractiveness Analysis by Application

Chapter 13 Middle East & Africa (MEA) Industrial Hemp Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Industrial Hemp Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Industrial Hemp Market Size Forecast by Product
      13.6.1 Fiber
      13.6.2 Shives
      13.6.3 Seeds
   13.7 Basis Point Share (BPS) Analysis by Product 
   13.8 Absolute $ Opportunity Assessment by Product 
   13.9 Market Attractiveness Analysis by Product
   13.10 Middle East & Africa (MEA) Industrial Hemp Market Size Forecast by Application
      13.10.1 Textiles
      13.10.2 Animal Care
      13.10.3 Food & Beverages
      13.10.4 Personal Care
   13.11 Basis Point Share (BPS) Analysis by Application 
   13.12 Absolute $ Opportunity Assessment by Application 
   13.13 Market Attractiveness Analysis by Application

Chapter 14 Competition Landscape 
   14.1 Industrial Hemp Market: Competitive Dashboard
   14.2 Global Industrial Hemp Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Botanical Genetics
      14.3.2 LLC
      14.3.3 Ltd
      14.3.4 CBD Biotechnology Co
      14.3.5 Parkland Industrial Hemp Growers Cooperative Ltd (PIHG)
Segments Covered in the Report
The global Industrial Hemp market has been segmented based on

By Product
  • Fiber
  • Shives
  • Seeds
By Application
  • Textiles
  • Animal Care
  • Food & Beverages
  • Personal Care
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Botanical Genetics
  • LLC
  • Ltd
  • CBD Biotechnology Co
  • Parkland Industrial Hemp Growers Cooperative Ltd (PIHG)

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