Industrial Hemp Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global industrial hemp market size was estimated at USD 4 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 16 % from 2022 to 2028. The market is driven by the growing demand for industrial hemp from application industries, such as the food & beverage, personal care, and animal care industries, across the globe.

 

Key Players

• Parkland Industrial Hemp Growers Cooperative Ltd.
• CBD Biotechnology Co.
• Botanical Genetics, LLC
• Marijuana Company of America, Inc.
• HempMedsBrasil
• Terra Tech Corp.
• American Cannabis Company, Inc.
• HempFlax B.V.

 

By Type

• Seeds
• Fiber
• Shivs

By Application

• Animal Care
• Textiles
• Automotive
• Furniture
• Food & Beverages
• Paper

 

Scope of the Report

The research study analyses the Industrial Hemp Market  from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage 

o North America Market Size and/or Volume

o Latin America Market Size and/or Volume

o Europe Market Size and/or Volume

o Asia-Pacific Market Size and/or Volume

o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Industrial Hemp Market  Report

 

• What was the Industrial Hemp Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
• What will be the CAGR of the Industrial Hemp Market  during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Industrial Hemp Market was the market leader in 2021?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.