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

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

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

Breakup by Source:


Breakup by Application:

Food and Beverages
Personal Care Products

Breakup by Region:

North America
United States
South Korea
United Kingdom
Latin America
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 Market Trends Market Forecast
9.1.2 Canada Market Trends Market Forecast
9.2 Asia-Pacific
9.2.1 China Market Trends Market Forecast
9.2.2 Japan Market Trends Market Forecast
9.2.3 India Market Trends Market Forecast
9.2.4 South Korea Market Trends Market Forecast
9.2.5 Australia Market Trends Market Forecast
9.2.6 Indonesia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3 Europe
9.3.1 Germany Market Trends Market Forecast
9.3.2 France Market Trends Market Forecast
9.3.3 United Kingdom Market Trends Market Forecast
9.3.4 Italy Market Trends Market Forecast
9.3.5 Spain Market Trends Market Forecast
9.3.6 Russia Market Trends Market Forecast
9.3.7 Others Market Trends Market Forecast
9.4 Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Others Market Trends 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 Company Overview Product Portfolio
14.3.2 Boring Hemp Company Company Overview Product Portfolio
14.3.3 Ecofibre Limited Company Overview Product Portfolio
14.3.4 Hemp Inc Company Overview Product Portfolio
14.3.5 HempFlax Group B.V. Company Overview Product Portfolio
14.3.6 Hempro International GmbH Company Overview Product Portfolio
14.3.7 MH medical hemp GmbH Company Overview Product Portfolio
14.3.8 Parkland Industrial Hemp Growers Co-op. Ltd. Company Overview Product Portfolio
14.3.9 South Hemp Tecno srl Company Overview Product Portfolio
14.3.10 Valley Bio Limited Company Overview Product Portfolio

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