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Industrial Hemp Market

Report Code FB 7182
Published in Jan, 2025, By MarketsandMarkets™
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Industrial Hemp Market by Type (Hemp Seed, Hemp Seed Oil, CBD Hemp Oil, Hemp Bast, Hemp Hurd), Source (Conventional, Organic), Application (Food & Beverages, Textiles, Pharmaceuticals, Personal Care Products), and Region - Global Forecast to 2029

 

Overview

The industrial hemp market is estimated to be USD 11.03 billion in 2024 and is projected to register a CAGR of 22.4% from 2024 to 2029, reaching USD 30.24 billion by 2029. The global industrial hemp market is experiencing substantial growth, driven by increase in demand for eco-friendly and sustainable products across industries in textiles, construction, and packaging, among others. The demand is being driven by increasing environmental awareness of the crop itself, which consumes fewer resources in production as compared to other crops, therefore its adoption is on an increasing rate. Legitimization of hemp growth through laws in various countries together with the evolution of regulatory structures makes the market more accessible. The increasing popularity of hemp-based products, including CBD oil, and progress in technologies related to growing and processing are also causing the market to grow. Furthermore, the trend of renewable materials and the increasing concern for green building solutions are further pushing the demand for industrial hemp.

Industrial Hemp Market

Attractive Opportunities in the Industrial Hemp Market

NORTH AMERICA

The industrial hemp market in North America is driven by growing demand for eco-friendly and sustainable products, particularly in textiles, construction, and personal care industries. Legalization of hemp cultivation in the US and Canada has opened opportunities for large-scale farming and production, especially for hemp-derived CBD products.

The market for industrial hemp is projected to record a CAGR of 22.4% during the study period, reaching USD 30.24 billion by 2029.

Collaborations and new product launches are expected to present profitable prospects for industry participants in the coming five years.

The strong presence of key market players, coupled with favorable regulations and government support enhances the availability of industrial hemp products.

Rising consumer interest in CBD products and hemp-based supplements is driving demand for hemp cultivation and processing, particularly in the wellness and pharmaceutical sectors.

Global Industrial Hemp Market Dynamics

DRIVERS: Legalization of industrial hemp cultivation

The legalization of industrial hemp farming has, in turn significantly spurred the market growth, primarily in the United States, Europe, and other geographies. The 2014 U.S. Farm Bill legally separated hemp from marijuana by establishing the threshold for THC at below 0.3%, although originally limited its cultivation to research purposes. The 2018 Farm Bill eased the restrictions and thus created the Domestic Hemp Production Program, which paved the way for the cultivation and sale of hemp. With this legalization, farmers can now add hemp to their sustainable farming practices to produce eco-friendly alternatives to plastics and other materials. In the same manner, in the European Union, for example, countries like France, Poland, and Romania implemented coupled income support to the farming of hemp within their CAP Strategic Plans. The practice allows additional financial incentives for farmers to grow hemp. In India, for instance, industrial hemp farming is legalized in the State of Uttarakhand and standard hemp seeds have been adopted by the Food Safety and Standards Authority of India, thus encouraging the industry. The latest step towards the same is recently, in 2024 Germany has sanctioned a draft legislation which legalizes industrial cultivation. This will make production much easier for farmers, but it also extends its use in such diversified sectors of industry. It's an important factor stimulating the market for industrial hemp.

RESTRAINTS: Stigmatization of hemp market

The stigma is a key constraint on industrial hemp as a market opportunity, simply because of a connection with marijuana. Industrial hemp contains tiny amounts of tetrahydrocannabinol, which is the psychoactive compound found in marijuana and the focus of public misunderstanding because it conflates the substance with industrial hemp. This brings consumers, businesses, or regulators back, reducing acceptance to some degree and slowing legislative effort, even in places with legal hemp production. For instance, in the US, although hemp has been legalized by the 2018 Farm Bill, farmers and businesses still face various obstacles because of the negative stigma. Banking institutions and insurers often refuse to serve hemp businesses because of regulatory risk and public perception. According to a report from the American Bankers Association, hemp businesses are often unable to secure financing and other necessary services because they comply with federal law. Further, stigma impacts global trade. Many countries have severe import-export restrictions for hemp products. It mirrors the general fear and unease over the fact that hemp has a close relation with narcotics. For example, China, one of the world's leading industrial hemp-producing countries, has experienced several export constraints to places such as the European Union, due to regulatory ambiguities on hemp versus marijuana.

 

OPPORTUNITIES: Development of new industrial hemp-based products

The development of industrial hemp-based products provides great opportunities in all kinds of sectors, particularly those focused on sustainability. Bioplastics from hemp can be the best option to counter plastic pollution as it is biodegradable, renewable, and has low carbon content. These bioplastics can be molded into various packaging forms, like food containers, bottles, and films, to fulfill the growing demand for sustainable packaging. In addition, other companies like Volkswagen are working on hemp-based material and collaborating with Revoltech GmbH to further develop and research bio-based surfaces in automotive applications to be applied in their automobiles by 2028.

In March 2024, researchers at Rensselaer Polytechnic Institute (RPI) were awarded USD 1.5 million to develop hemp-based insulated siding. The project aims to produce a durable, low-carbon product that improves energy efficiency and reduces emissions, aligning with the US Green Building Council’s push for building retrofits. In March 2024, researchers at Rensselaer Polytechnic Institute (RPI) were awarded USD 1.5 million to develop hemp-based insulated siding. The project aims to produce a durable, low-carbon product that improves energy efficiency and reduces emissions, aligning with the US Green Building Council’s push for building retrofits.

CHALLENGES: Supply chain complexity

The versatility of hemp, making it suitable for a wide range of applications-from textiles and paper to bioplastics, construction materials, and biofuels. This also adds significant complexity to the supply chain of hemp because of its versatility, from textiles and paper to bioplastics, construction materials, and biofuels. The processing, quality, and regulatory requirements of each industry are different, leading to fragmented supply chains that are not standardized. This diversity makes it difficult in the processing facilities' logistics because either they must specialize in certain applications or invest highly in multipurpose equipment. In this diversity of end-use products, it gets difficult to ensure consistent quality, as tiny variations in fibre, seed, or biomass quality can very well impact performance in the final product. It is regionally constrained by processing facilities, necessitating the transportation of resources over long distances, which goes up on the cost of carbon emission. The lack of infrastructure for centralized supply chains makes it difficult for manufacturers to source raw materials in a reliable and constant manner. These challenges are compounded by the early stage of development of the industry, where supply chain networks are still immature and are finding it hard to cope with the rising demand without incurring excessive costs.

Global Industrial Hemp Market Ecosystem Analysis

Prominent companies in this market include well-established, financially stable manufacturers of industrial hemp. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include Curaleaf Holdings, Inc. (US), Green Thumb Industries (US), HempFlax Group B.V. (Netherlands), Dun Agro Hemp Group (Netherlands), and AURORA CANNABIS INC. (Canada).

Top Companies in Industrial Hemp Market

Note: The above diagram only shows the representation of the web content management market ecosystem; it is not limited to the companies represented above.
Source: Secondary Research and MarketsandMarkets Analysis

 

By application, textiles segment to hold largest market share during forecast period

The textiles application will continue dominating the industrial hemp market owing to the unmatched qualities that hemp fibers display, ranging from strength to breathability and eco-friendliness. Hemp fibers find increasing applicability in developing sustainable textile materials, among them cloths for garment, house furniture, and upholstery use. Manufacturers use hemp amid a growing desire by customers to reduce the environmental damage their products and services contribute to. The cultivation of hemp also demands much fewer resources, like water and pesticides, in comparison to crops like cotton, making hemp a very sustainable textile option.

Initiatives like Hemp4Circularity are also creating further positivity in the market for textiles of hemp. Backed by the European Union, with USD 4.1 million provided through the Interreg program, the project will bring 11 multidisciplinary and 5 associated partners together for the establishment of a local long-fiber hemp textile industry in Europe in a truly circular manner. Launched in June 2023, the project involves field trials across Belgium, the Netherlands, and Germany, monitored by organizations such as Valbiom (Belgium), Inagro (Belgium), Van de Bilt (Netherlands), and NATUVALIS GmbH (Germany). With France having allocated 21,700 hectares to multiple uses in 2022, including 10% for textiles, and the EU allocating 55,000 hectares, such breakthroughs highlight the growing relevance of hemp to the textile market and the role of hemp in shaping a sustainable and circular economy.

By type, hemp seed oil segment to hold significant market share during forecast period

Hemp seed oil holds significant market share in the industrial hemp sector due to its wide range of applications. It is extracted from cold-pressed hemp seeds in a colorless or slightly greenish form with a nutty taste and remains unrefined to maintain its natural properties. This is important because hemp seed oil is often confused with CBD oil, which is derived from the same plant, Cannabis sativa. Unlike CBD oil, hemp seed oil contains no THC and only trace amounts of CBD, the psychoactive compound associated with the "high" of cannabis.

Hemp seed oil, having its profile rich in essential fatty acids and omega-3s, is being put into food products, culinary usage, and formulations within the beauty industry because it's nutrient-dense. Like other seed oils-from sunflower oil to rape-seed oil-mechanical extraction is used to produce the seed oil, and a by-product results: hemp seed cake. With a potential use for it as commercial feed for laying hens, it is considered "Generally Recognized as Safe" (GRAS) by the US. The advancement of new technologies in extraction methods made the quality and yield higher for the oil, thus having an eco-friendly way of production in line with global sustainability initiatives. With the health benefits and industrial applications coming into limelight, hemp seed oil continues to fuel expansion in the industrial hemp market across different sectors.

Asia Pacific to register highest CAGR during forecast period

The Asia-Pacific region experiences the highest growth rate in the industrial hemp market. This follows increased adoption across various industries, for example, textiles, bioplastics, and construction, which have experienced rapid growth due to industrialization along with increasing awareness about material sustainability. Countries like China and India are exploiting the vast farmlands available and extremely low production costs to capture their share as major producers and exporters of industrial hemp. The powerful textile and manufacturing industries also give a good reason for their large-scale integration with hemp in a sustainable way.

Supportive regulations for countries like Australia, India, and Thailand also create the necessary infrastructure for expansion, encouraging cultivation and processing of hemp. Technological progress in the process of extraction and processing of hemp increases its quality and variety. So, it can respond to global demand. There is more attention towards adopting industrial hemp for a wide range of applications, and these relate to eco-friendly qualities like biodegradability and low carbon footprint, all aligned with reducing pollution in Asia Pacific and circular economies. Hence, the Asia-Pacific region will grow at highest rate in the global industrial hemp market in the years ahead, due to increased investments, support from policy, and enhanced consumer awareness.

HIGHEST CAGR MARKET IN 2029
INDIA FASTEST GROWING MARKET IN THE REGION
Industrial Hemp Market by region

Recent Developments of Industrial Hemp Market

  • In October 2024, Canopy Growth Corporation acquired Wana, which includes Wana Wellness, LLC, The CIMA Group, LLC, and Mountain High Products, LLC. With this acquisition, Canopy USA holds 100% of Wana's equity interests. The acquisition will help the company to build a leading brand-focused cannabis company in the US.
  • In October 2024, AURORA CANNABIS INC. launched an expanded range of premium medical cannabis oils in Australia in partnership with MedReleaf Australia. Designed to meet diverse patient needs, the new offerings include Aurora THC 25 (Sativa), Aurora THC 25 (Indica), Aurora 12.5:12.5 oil, Aurora 50:50 oil, and Aurora 10:100 oil, all available in 30mL bottles for physician prescription.
  • In June 2024, Curaleaf Holdings, Inc. launched new lines of hemp-derived THC products under its Select and Zero Proof brands. These products will be available across 25 states and the District of Columbia through direct-to-consumer delivery and Curaleaf's national distribution network.
  • In May 2024, The Cronos Group partnered with GROW Pharma, a leading distributor of medicinal cannabis in the UK, to expand its PEACE NATURALS brand into the United Kingdom. Through this collaboration, Cronos will supply high-quality, premium cannabis products, ensuring patients in the UK have access to the globally recognized brand PEACE NATURALS.

Key Market Players

List of Top Industrial Hemp Market Companies

The Industrial Hemp Market is dominated by a few major players that have a wide regional presence. The major players in the Industrial Hemp Market are

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Scope of the Report

Report Attribute Details
Market size available for years 2024–2029
Base year considered 2023
Forecast period 2024–2029
Forecast units Value (USD) Volume (KT)
Segments Covered Type, Source, Application, and Region
Regions covered North America, Europe, Asia Pacific, South America, and Rest of the World (RoW)

 

Key Questions Addressed by the Report

What is the current size of industrial hemp market?
The industrial hemp market is estimated to be USD 11.03 billion in 2024 and is projected to reach USD 30.24 billion by 2029, registering a CAGR of 22.4% during the forecast period.
Which are the key players in the market, and how intense is the competition?
Curaleaf Holdings, Inc. (US), Green Thumb Industries (US), AURORA CANNABIS INC. (Canada), The Cronos Group (Canada), and Canopy Growth Corporation (Canada) are some of the key market players.
The market for industrial hemp is expanding rapidly, with more mergers, acquisitions, and product launches. Companies in this sector are also heavily investing in research and development.
Which region is projected to account for the largest share of the industrial hemp market?
The Asia-Pacific region is expected to be the largest industrial hemp market because of its strong adoption of hemp-based products within the textile, construction, and bioplastics sectors. Countries such as India, Thailand, and Australia have favorable regulatory frameworks to promote hemp cultivation and processing, which will be in the high growth region. Additional research and development investments are continuously making their way into production, adding on to the expansion of this market in the region.
What kind of information is provided in the company profiles section?
The provided company profiles deliver crucial details, including a thorough business summary that covers different segments, financial results, geographic presence, revenue distribution, and business revenue breakdown. They also offer insights into product lines, key achievements, and expert analyst opinions to better illustrate the company's potential.
What are the factors driving the industrial hemp market?
The legalization of industrial hemp cultivation, Advancement in cultivation and processing of industrial hemp, growing demand for sustainable products across industries, and rising consumer awareness of hemp-based products drive the market.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
26
RESEARCH METHODOLOGY
32
EXECUTIVE SUMMARY
41
PREMIUM INSIGHTS
45
MARKET OVERVIEW
51
  • 5.1 INTRODUCTION
  • 5.2 MACROECONOMIC OUTLOOK
    INCREASING PRODUCTION OF HEMP
    POSITIVE GROWTH OF GLOBAL WELLNESS MARKET
  • 5.3 MARKET DYNAMICS
    DRIVERS
    - Increasing legalization of industrial hemp cultivation
    - Hemp’s versatility and sustainability make it preferred raw material across industries
    - Innovative hemp processing techniques drive cost-efficiency and support industry growth
    RESTRAINTS
    - Complex regulatory structure for use of industrial hemp
    - Stigmatization of hemp market
    OPPORTUNITIES
    - Development of new industrial hemp-based products
    - Increasing preference for edibles across generations
    - Hemp-based materials as future of industrial production
    CHALLENGES
    - Competition from synthetic alternatives
    - Lack of processing facilities and planting & harvesting equipment
  • 5.4 IMPACT OF AI/GEN AI ON INDUSTRIAL HEMP MARKET
    INTRODUCTION
    USE OF GEN AI IN INDUSTRIAL HEMP MARKET ECOSYSTEM
    CASE STUDY ANALYSIS
    - Scaling hemp fiber production with AgriTech solutions
    - Artificial intelligence revolutionizing cannabis production
INDUSTRY TRENDS
65
  • 6.1 INTRODUCTION
  • 6.2 VALUE CHAIN ANALYSIS
    RESEARCH AND PRODUCT DEVELOPMENT
    RAW MATERIAL SOURCING
    PRODUCTION
    PACKAGING, STORAGE, AND DISTRIBUTION
    END USERS AND RETAIL
  • 6.3 INDUSTRIAL HEMP POST-PRODUCTION/HARVESTING PROCESS
    INTRODUCTION
    HEMP FOR FIBER
    HEMP FOR SEED
    HEMP FOR FLOWER (CBD PRODUCTION)
    CONCLUSION
  • 6.4 TRADE ANALYSIS
    EXPORT SCENARIO OF HS CODE 530210
    IMPORT SCENARIO OF HS CODE 530210
  • 6.5 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Crop steering
    COMPLEMENTARY TECHNOLOGY
    - IOT Automation
    ADJACENT TECHNOLOGY
    - Nanoencapsulation
  • 6.6 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE
    AVERAGE SELLING PRICE TREND OF HEMP SEED, BY REGION
    AVERAGE SELLING PRICE TREND OF HEMP SEED OIL, BY REGION
    AVERAGE SELLING PRICE TREND OF CBD HEMP OIL, BY REGION
    AVERAGE SELLING PRICE TREND OF HEMP BAST, BY REGION
    AVERAGE SELLING PRICE TREND OF HEMP HURD, BY REGION
  • 6.7 ECOSYSTEM ANALYSIS
    DEMAND SIDE
    SUPPLY SIDE
  • 6.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 6.9 PATENT ANALYSIS
  • 6.10 KEY CONFERENCES & EVENTS, 2024–2025
  • 6.11 REGULATORY LANDSCAPE
    REGULATORY FRAMEWORK
    - North America
    - Europe
    - Asia Pacific
    - South America
    - Rest of the World
  • 6.12 PORTER’S FIVE FORCES ANALYSIS
    INTENSITY OF COMPETITIVE RIVALRY
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    THREAT OF SUBSTITUTES
    THREAT OF NEW ENTRANTS
  • 6.13 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 6.14 CASE STUDY ANALYSIS
    CURALEAF’S ENTRY INTO HEMP-DERIVED THC MARKET
    CANOPY GROWTH'S EXPANSION OF CANNABIS PRODUCT PORTFOLIO
    AURORA CANNABIS EXPANDS PREMIUM MEDICAL CANNABIS OIL PORTFOLIO IN AUSTRALIA
  • 6.15 INVESTMENT AND FUNDING SCENARIO
  • 6.16 GREEN HYDROGEN FROM INDUSTRIAL HEMP
  • 6.17 SYNTHETIC HEMP IN AUTOMOTIVE AND RENEWABLE/ENERGY INDUSTRIES
INDUSTRIAL HEMP MARKET, BY TYPE
109
  • 7.1 INTRODUCTION
  • 7.2 HEMP SEED
    RICH NUTRIENT PROFILE AND GLOBAL MOVEMENT TOWARD PLANT-BASED DIET TO DRIVE DEMAND IN FOOD INDUSTRY
  • 7.3 HEMP SEED OIL
    USE IN PHARMACEUTICALS AND MEDICAL TREATMENTS WITH REPORTED BENEFITS
  • 7.4 CBD HEMP OIL
    INCREASE IN APPLICATION IN PERSONAL CARE AND FOOD & BEVERAGE PRODUCTS
  • 7.5 HEMP BAST
    IDEAL FOR PRODUCTION OF BIOPLASTICS AND CONSTRUCTION MATERIALS DUE TO HIGH STRENGTH-TO-WEIGHT RATIO
  • 7.6 HEMP HURD
    VERSATILITY ACROSS APPLICATIONS
INDUSTRIAL HEMP MARKET, BY SOURCE
122
  • 8.1 INTRODUCTION
  • 8.2 CONVENTIONAL
    LOW PRICE AND BROAD ARRAY OF CONVENTIONAL HEMP SEEDS AND OTHER PRODUCTS
  • 8.3 ORGANIC
    INCREASING DEMAND FOR ORGANIC HEMP PRODUCTS IN FOOD AND PHARMACEUTICAL INDUSTRIES
INDUSTRIAL HEMP MARKET, BY APPLICATION
127
  • 9.1 INTRODUCTION
  • 9.2 FOOD & BEVERAGES
    WIDE-RANGING APPLICATIONS OF HEMP SEED AND HEMP SEED DERIVATIVES
  • 9.3 TEXTILES
    HIGH STRENGTH, DURABILITY, AND SEVERAL OTHER ADVANTAGES OF HEMP FIBER
  • 9.4 PHARMACEUTICALS
    GROWTH IN RESEARCH ON EFFICACY OF HEMP IN TREATING VARIOUS CONDITIONS
  • 9.5 PERSONAL CARE PRODUCTS
    MOISTURIZING AND ANTI-AGING PROPERTIES OF HEMP TO DRIVE DEMAND IN PERSONAL CARE PRODUCTS
  • 9.6 ANIMAL NUTRITION
    REGULATORY HURDLES FOR INCLUSION OF HEMP IN ANIMAL FEED TO RESTRICT DEMAND
  • 9.7 PAPER
    PREFERENCE FOR ECO-FRIENDLY HEMP IN PAPER PRODUCTION TO DRIVE DEMAND
  • 9.8 CONSTRUCTION MATERIALS
    STRENGTH AND THERMAL INSULATION PROPERTIES OF HEMP TO BOOST DEMAND
  • 9.9 BIOFUEL
    HEMP CONSIDERED CRUCIAL IN GLOBAL TRANSITION TO SUSTAINABLE ENERGY PRACTICES
    INDUSTRIAL HEMP SEED TYPE/SOURCE FOR BIOFUEL PRODUCTION
    - Futura 75
    - Kompolti
    - X-59
    - Finola
  • 9.10 OTHER APPLICATIONS
INDUSTRIAL HEMP MARKET, BY REGION
147
  • 10.1 INTRODUCTION
  • 10.2 NORTH AMERICA
    US
    - Regulatory support and strategic initiatives to drive market
    CANADA
    - Collaboration between industrial hemp manufacturers to drive market
    MEXICO
    - Strategic partnerships and regulatory progress to fuel growth
  • 10.3 EUROPE
    FRANCE
    - Advanced production and processing facilities for industrial hemp to drive market
    GERMANY
    - Regulatory reforms to drive demand for industrial hemp
    SPAIN
    - Favorable climate for multiple harvests of hemp to fuel demand for industrial hemp products
    ITALY
    - Increase in use as raw materials across industries to fuel demand
    UK
    - Government licensing changes boost industrial hemp market growth and innovation
    NETHERLANDS
    - Promotion of sustainable agriculture to drive demand for hemp
    REST OF EUROPE
  • 10.4 ASIA PACIFIC
    CHINA
    - Advancement in technology to drive industrial hemp market
    INDIA
    - Regulatory support from states to drive demand for industrial hemp products
    JAPAN
    - Increased use of industrial hemp in pharmaceutical application to drive market
    AUSTRALIA & NEW ZEALAND
    - Rise in applications and sustainability of industrial hemp to drive market
    REST OF ASIA PACIFIC
  • 10.5 SOUTH AMERICA
    BRAZIL
    - Increase in medicinal applications of industrial hemp to present growth opportunity for manufacturers
    ARGENTINA
    - Rise in investment in research & development to drive market
    REST OF SOUTH AMERICA
  • 10.6 REST OF THE WORLD (ROW)
    AFRICA
    - Ghana
    - South Africa
    - Tanzania
    - Rest of Africa
    MIDDLE EAST
    - Region’s supporting regulatory framework to propel demand
COMPETITIVE LANDSCAPE
211
  • 11.1 OVERVIEW
  • 11.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN
  • 11.3 REVENUE ANALYSIS
  • 11.4 MARKET SHARE ANALYSIS, 2023
  • 11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Region footprint
    - Type footprint
    - Application footprint
    - Source footprint
  • 11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - Detailed list of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 11.7 COMPANY VALUATION AND FINANCIAL METRICS
  • 11.8 BRAND/PRODUCT ANALYSIS
  • 11.9 COMPETITIVE SCENARIO AND TRENDS
    PRODUCT LAUNCHES
    DEALS
    EXPANSIONS
COMPANY PROFILES
236
  • 12.1 KEY PLAYERS
    CURALEAF HOLDINGS, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    GREEN THUMB INDUSTRIES
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    CANOPY GROWTH CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    AURORA CANNABIS INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    THE CRONOS GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ECOFIBRE LTD
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    HEMPFLAX GROUP B.V.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    DUN AGRO HEMP GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    FRESH HEMP FOODS LTD
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    GENCANNA
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    KONOPLEX GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    CANAH INTERNATIONAL
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    MH MEDICAL HEMP GMBH
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    LIAONING QIAOPAI BIOTECH CO., LTD.
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    IND HEMP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
  • 12.2 OTHER PLAYERS
    SOUTH HEMP TECNO
    - Business overview
    - Products/Solutions/Services offered
    HEMPOLAND
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    COLORADO HEMP WORKS, INC.
    - Business overview
    - Products/Solutions/Services offered
    BOMBAY HEMP COMPANY PVT. LTD.
    - Business overview
    - Products/Solutions/Services offered
    PARKLAND INDUSTRIAL HEMP GROWERS CO-OP. LTD.
    - Business overview
    - Products/Solutions/Services offered
    AMERICAN HEMP LLC
    HEMP FOUNDATION
    BLUE SKY HEMP VENTURES LIMITED
    VALLEY BIO LIMITED
    EAST MESA INC.
ADJACENT AND RELATED MARKETS
289
  • 13.1 INTRODUCTION
  • 13.2 LIMITATIONS
  • 13.3 CANNABIS TESTING MARKET
    MARKET DEFINITION
    MARKET OVERVIEW
  • 13.4 CANNABIS MARKET
    MARKET DEFINITION
    MARKET OVERVIEW
APPENDIX
293
  • 14.1 DISCUSSION GUIDE
  • 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.3 CUSTOMIZATION OPTIONS
  • 14.4 RELATED REPORTS
  • 14.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 INDUSTRIAL HEMP MARKET: INCLUSIONS & EXCLUSIONS
  • TABLE 2 USD EXCHANGE RATES CONSIDERED, 2019–2023
  • TABLE 3 INDUSTRIAL HEMP MARKET SNAPSHOT, 2024 VS. 2029
  • TABLE 4 US STATUTES AND PUBLIC ACTS ON INDUSTRIAL HEMP RESEARCH AND CULTIVATION
  • TABLE 5 EXPORT VALUE OF HS CODE 530210, BY KEY COUNTRY, 2019–2023 (USD THOUSAND)
  • TABLE 6 IMPORT VALUE OF HS CODE 530210, BY KEY COUNTRY, 2019–2023 (USD THOUSAND)
  • TABLE 7 AVERAGE SELLING PRICE (ASP) TREND OF KEY PLAYERS, BY TYPE, 2023 (USD/KG)
  • TABLE 8 AVERAGE SELLING PRICE (ASP) TREND OF INDUSTRIAL HEMP, BY TYPE, 2019–2023 (USD/KG)
  • TABLE 9 HEMP SEED: AVERAGE SELLING PRICE (ASP) TREND, BY REGION, 2019–2023 (USD/KG)
  • TABLE 10 HEMP SEED OIL: AVERAGE SELLING PRICE (ASP) TREND, BY REGION, 2019–2023 (USD/KG)
  • TABLE 11 CBD HEMP OIL: AVERAGE SELLING PRICE (ASP) TREND, BY REGION, 2019–2023 (USD/KG)
  • TABLE 12 HEMP BAST: AVERAGE SELLING PRICE (ASP) TREND, BY REGION, 2019–2023 (USD/KG)
  • TABLE 13 HEMP HURD: AVERAGE SELLING PRICE (ASP) TREND, BY REGION, 2019–2023 (USD/KG)
  • TABLE 14 INDUSTRIAL HEMP MARKET: ECOSYSTEM
  • TABLE 15 KEY PATENTS PERTAINING TO INDUSTRIAL HEMP MARKET, 2014–2024
  • TABLE 16 INDUSTRIAL HEMP MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2024–2025
  • TABLE 17 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 18 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 19 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 20 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 21 AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 22 PORTER’S FIVE FORCES IMPACT ON INDUSTRIAL HEMP MARKET
  • TABLE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
  • TABLE 24 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • TABLE 25 INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 26 INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 27 INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (KT)
  • TABLE 28 INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (KT)
  • TABLE 29 INDUSTRIAL HEMP SEED MARKET, BY REGION, 2019–2023 (MILLION)
  • TABLE 30 INDUSTRIAL HEMP SEED MARKET, BY REGION, 2024–2029 (MILLION)
  • TABLE 31 INDUSTRIAL HEMP SEED MARKET, BY REGION, 2019–2023 (KT)
  • TABLE 32 INDUSTRIAL HEMP SEED MARKET, BY REGION, 2024–2029 (KT)
  • TABLE 33 INDUSTRIAL HEMP SEED OIL MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 34 INDUSTRIAL HEMP SEED OIL MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 35 INDUSTRIAL HEMP SEED OIL MARKET, BY REGION, 2019–2023 (KT)
  • TABLE 36 INDUSTRIAL HEMP SEED OIL MARKET, BY REGION, 2024–2029 (KT)
  • TABLE 37 INDUSTRIAL CBD HEMP OIL MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 38 INDUSTRIAL CBD HEMP OIL MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 39 INDUSTRIAL CBD HEMP OIL MARKET, BY REGION, 2019–2023 (KT)
  • TABLE 40 INDUSTRIAL CBD HEMP OIL MARKET, BY REGION, 2024–2029 (KT)
  • TABLE 41 INDUSTRIAL HEMP BAST MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 42 INDUSTRIAL HEMP BAST MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 43 INDUSTRIAL HEMP BAST MARKET, BY REGION, 2019–2023 (KT)
  • TABLE 44 INDUSTRIAL HEMP BAST MARKET, BY REGION, 2024–2029 (KT)
  • TABLE 45 INDUSTRIAL HEMP HURD MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 46 INDUSTRIAL HEMP HURD MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 47 INDUSTRIAL HEMP HURD MARKET, BY REGION, 2019–2023 (KT)
  • TABLE 48 INDUSTRIAL HEMP HURD MARKET, BY REGION, 2024–2029 (KT)
  • TABLE 49 INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 50 INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 51 CONVENTIONAL INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 52 CONVENTIONAL INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 53 ORGANIC INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 54 ORGANIC INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 55 INDUSTRIAL HEMP MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 56 INDUSTRIAL HEMP MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 57 FOOD & BEVERAGES: INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 58 FOOD & BEVERAGES: INDUSTRIAL HEMP MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 59 TEXTILES: INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 60 TEXTILES: INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 61 PHARMACEUTICALS: INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 62 PHARMACEUTICALS: INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 63 PERSONAL CARE PRODUCTS: INDUSTRIAL HEMP MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 64 PERSONAL CARE PRODUCTS: INDUSTRIAL HEMP MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 65 ANIMAL NUTRITION: INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 66 ANIMAL NUTRITION: INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 67 PAPER: INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 68 PAPER: INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 69 CONSTRUCTION MATERIALS: INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 70 CONSTRUCTION MATERIALS: INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 71 BIOFUEL: INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 72 BIOFUEL: INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 73 OTHER APPLICATIONS: INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 74 OTHER APPLICATIONS: INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 75 INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 76 INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 77 INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (KT)
  • TABLE 78 INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (KT)
  • TABLE 79 NORTH AMERICA: INDUSTRIAL HEMP MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 80 NORTH AMERICA: INDUSTRIAL HEMP MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 81 NORTH AMERICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 82 NORTH AMERICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 83 NORTH AMERICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (KT)
  • TABLE 84 NORTH AMERICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (KT)
  • TABLE 85 NORTH AMERICA: INDUSTRIAL HEMP MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 86 NORTH AMERICA: INDUSTRIAL HEMP MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 87 NORTH AMERICA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 88 NORTH AMERICA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 89 US: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 90 US: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 91 US: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 92 US: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 93 CANADA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 94 CANADA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 95 CANADA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 96 CANADA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 97 MEXICO: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 98 MEXICO: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 99 MEXICO: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 100 MEXICO: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 101 EUROPE: INDUSTRIAL HEMP MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 102 EUROPE: INDUSTRIAL HEMP MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 103 EUROPE: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 104 EUROPE: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 105 EUROPE: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (KT)
  • TABLE 106 EUROPE: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (KT)
  • TABLE 107 EUROPE: INDUSTRIAL HEMP MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 108 EUROPE: INDUSTRIAL HEMP MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 109 EUROPE: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 110 EUROPE: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 111 FRANCE: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 112 FRANCE: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 113 FRANCE: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 114 FRANCE: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 115 GERMANY: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 116 GERMANY: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 117 GERMANY: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 118 GERMANY: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 119 SPAIN: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 120 SPAIN: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 121 SPAIN: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 122 SPAIN: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 123 ITALY: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 124 ITALY: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 125 ITALY: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 126 ITALY: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 127 UK: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 128 UK: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 129 UK: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 130 UK: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 131 NETHERLANDS: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 132 NETHERLANDS: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 133 NETHERLANDS: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 134 NETHERLANDS: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 135 REST OF EUROPE: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 136 REST OF EUROPE: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 137 REST OF EUROPE: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 138 REST OF EUROPE: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 139 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 140 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 141 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 142 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 143 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (KT)
  • TABLE 144 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (KT)
  • TABLE 145 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 146 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 147 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 148 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 149 CHINA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 150 CHINA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 151 CHINA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 152 CHINA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 153 INDIA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 154 INDIA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 155 INDIA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 156 INDIA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 157 JAPAN: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 158 JAPAN: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 159 JAPAN: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 160 JAPAN: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 161 AUSTRALIA & NEW ZEALAND: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 162 AUSTRALIA & NEW ZEALAND: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 163 AUSTRALIA & NEW ZEALAND: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 164 AUSTRALIA & NEW ZEALAND: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 165 REST OF ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 166 REST OF ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 167 REST OF ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 168 REST OF ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 169 SOUTH AMERICA: INDUSTRIAL HEMP MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 170 SOUTH AMERICA: INDUSTRIAL HEMP MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 171 SOUTH AMERICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 172 SOUTH AMERICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 173 SOUTH AMERICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (KT)
  • TABLE 174 SOUTH AMERICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (KT)
  • TABLE 175 SOUTH AMERICA: INDUSTRIAL HEMP MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 176 SOUTH AMERICA: INDUSTRIAL HEMP MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 177 SOUTH AMERICA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 178 SOUTH AMERICA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 179 BRAZIL: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 180 BRAZIL: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 181 BRAZIL: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 182 BRAZIL: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 183 ARGENTINA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 184 ARGENTINA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 185 ARGENTINA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 186 ARGENTINA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 187 REST OF SOUTH AMERICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 188 REST OF SOUTH AMERICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 189 REST OF SOUTH AMERICA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 190 REST OF SOUTH AMERICA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 191 ROW: INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 192 ROW: INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 193 ROW: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 194 ROW: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 195 ROW: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (KT)
  • TABLE 196 ROW: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (KT)
  • TABLE 197 ROW: INDUSTRIAL HEMP MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 198 ROW: INDUSTRIAL HEMP MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 199 ROW: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 200 ROW: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 201 AFRICA: INDUSTRIAL HEMP MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 202 AFRICA: INDUSTRIAL HEMP MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 203 AFRICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 204 AFRICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 205 AFRICA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 206 AFRICA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 207 GHANA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 208 GHANA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 209 GHANA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 210 GHANA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 211 SOUTH AFRICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 212 SOUTH AFRICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 213 SOUTH AFRICA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 214 SOUTH AFRICA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 215 TANZANIA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 216 TANZANIA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 217 TANZANIA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 218 TANZANIA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 219 REST OF AFRICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 220 REST OF AFRICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 221 REST OF AFRICA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 222 REST OF AFRICA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 223 MIDDLE EAST: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 224 MIDDLE EAST: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 225 MIDDLE EAST: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION)
  • TABLE 226 MIDDLE EAST: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION)
  • TABLE 227 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN INDUSTRIAL HEMP MARKET, 2020–2024
  • TABLE 228 INDUSTRIAL HEMP MARKET: DEGREE OF COMPETITION
  • TABLE 229 INDUSTRIAL HEMP MARKET: REGION FOOTPRINT
  • TABLE 230 INDUSTRIAL HEMP MARKET: TYPE FOOTPRINT
  • TABLE 231 INDUSTRIAL HEMP MARKET: APPLICATION FOOTPRINT
  • TABLE 232 INDUSTRIAL HEMP MARKET: SOURCE FOOTPRINT
  • TABLE 233 INDUSTRIAL HEMP MARKET: LIST OF KEY STARTUPS/SMES
  • TABLE 234 INDUSTRIAL HEMP MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, 2023
  • TABLE 235 INDUSTRIAL HEMP MARKET: PRODUCT/SERVICE LAUNCHES, JANUARY 2020–NOVEMBER 2024
  • TABLE 236 INDUSTRIAL HEMP MARKET: DEALS, JANUARY 2020–NOVEMBER 2024
  • TABLE 237 INDUSTRIAL HEMP MARKET: EXPANSIONS, JANUARY 2020–NOVEMBER 2024
  • TABLE 238 CURALEAF HOLDINGS, INC.: COMPANY OVERVIEW
  • TABLE 239 CURALEAF HOLDINGS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 240 CURALEAF HOLDINGS, INC.: PRODUCT LAUNCHES
  • TABLE 241 CURALEAF HOLDINGS, INC.: DEALS
  • TABLE 242 CURALEAF HOLDINGS INC.: EXPANSIONS
  • TABLE 243 GREEN THUMB INDUSTRIES: COMPANY OVERVIEW
  • TABLE 244 GREEN THUMB INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 245 GREEN THUMB INDUSTRIES: DEALS
  • TABLE 246 GREEN THUMB INDUSTRIES: EXPANSIONS
  • TABLE 247 CANOPY GROWTH CORPORATION: COMPANY OVERVIEW
  • TABLE 248 CANOPY GROWTH CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 249 CANOPY GROWTH CORPORATION: PRODUCT LAUNCHES
  • TABLE 250 CANOPY GROWTH CORPORATION: DEALS
  • TABLE 251 AURORA CANNABIS INC.: COMPANY OVERVIEW
  • TABLE 252 AURORA CANNABIS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 253 AURORA CANNABIS INC.: PRODUCT LAUNCHES
  • TABLE 254 AURORA CANNABIS INC.: DEALS
  • TABLE 255 THE CRONOS GROUP: COMPANY OVERVIEW
  • TABLE 256 THE CRONOS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 257 THE CRONOS GROUP: PRODUCT LAUNCHES
  • TABLE 258 THE CRONOS GROUP: DEALS
  • TABLE 259 ECOFIBRE LTD: COMPANY OVERVIEW
  • TABLE 260 ECOFIBRE LTD: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 261 ECOFIBRE LTD: DEALS
  • TABLE 262 ECOFIBRE LTD: EXPANSIONS
  • TABLE 263 HEMPFLAX GROUP B.V.: COMPANY OVERVIEW
  • TABLE 264 HEMPFLAX GROUP B.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 265 HEMPFLAX GROUP B.V.: DEALS
  • TABLE 266 HEMPFLAX GROUP B.V.: EXPANSIONS
  • TABLE 267 DUN AGRO HEMP GROUP: COMPANY OVERVIEW
  • TABLE 268 DUN AGRO HEMP GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 269 DUN AGRO GROUP: EXPANSIONS
  • TABLE 270 FRESH HEMP FOODS LTD.: COMPANY OVERVIEW
  • TABLE 271 FRESH HEMP FOODS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 272 GENCANNA: COMPANY OVERVIEW
  • TABLE 273 GENCANNA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 274 GENCANNA: DEALS
  • TABLE 275 KONOPLEX GROUP: COMPANY OVERVIEW
  • TABLE 276 KONOPLEX GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 277 KONOPLEX GROUP: EXPANSIONS
  • TABLE 278 CANAH INTERNATIONAL: COMPANY OVERVIEW
  • TABLE 279 CANAH INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 280 MH MEDICAL HEMP GMBH: COMPANY OVERVIEW
  • TABLE 281 MH MEDICAL HEMP GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 282 LIAONING QIAOPAI BIOTECH CO., LTD.: COMPANY OVERVIEW
  • TABLE 283 LIAONING QIAOPAI BIOTECH CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 284 IND HEMP: COMPANY OVERVIEW
  • TABLE 285 IND HEMP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 286 IND HEMP: DEALS
  • TABLE 287 SOUTH HEMP TECNO: COMPANY OVERVIEW
  • TABLE 288 SOUTH HEMP TECNO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 289 HEMPOLAND: COMPANY OVERVIEW
  • TABLE 290 HEMPOLAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 291 HEMPOLAND: DEALS
  • TABLE 292 COLORADO HEMP WORKS INC: COMPANY OVERVIEW
  • TABLE 293 COLORADO HEMP WORKS INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 294 BOMBAY HEMP COMPANY PVT. LTD.: COMPANY OVERVIEW
  • TABLE 295 BOMBAY HEMP COMPANY PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 296 PARKLAND INDUSTRIAL HEMP GROWERS CO-OP. LTD.: COMPANY OVERVIEW
  • TABLE 297 PARKLAND INDUSTRIAL HEMP GROWERS CO-OP. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 298 AMERICAN HEMP LLC: COMPANY OVERVIEW
  • TABLE 299 HEMP FOUNDATION: COMPANY OVERVIEW
  • TABLE 300 VALLEY BIO LIMITED: COMPANY OVERVIEW
  • TABLE 301 EAST MESA INC.: COMPANY OVERVIEW
  • TABLE 302 ADJACENT MARKETS TO INDUSTRIAL HEMP
  • TABLE 303 CANNABIS TESTING MARKET, BY SERVICE, 2022–2029 (USD MILLION)
  • TABLE 304 CANNABIS MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
  • TABLE 305 CANNABIS MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
  • TABLE 306 CANNABIS MARKET, BY PRODUCT TYPE, 2018–2021 (TONS)
  • TABLE 307 CANNABIS MARKET, BY PRODUCT TYPE, 2022–2027 (TONS)
LIST OF FIGURES
 
  • FIGURE 1 INDUSTRIAL HEMP MARKET SEGMENTATION
  • FIGURE 2 INDUSTRIAL HEMP MARKET: RESEARCH DESIGN
  • FIGURE 3 KEY DATA FROM PRIMARY SOURCES
  • FIGURE 4 INDUSTRIAL HEMP MARKET: DEMAND-SIDE CALCULATION
  • FIGURE 5 INDUSTRIAL HEMP MARKET SIZE ESTIMATION STEPS AND RESPECTIVE SOURCES: SUPPLY SIDE
  • FIGURE 6 INDUSTRIAL HEMP MARKET: SUPPLY-SIDE ANALYSIS
  • FIGURE 7 DATA TRIANGULATION METHODOLOGY
  • FIGURE 8 INDUSTRIAL HEMP MARKET, BY TYPE, 2024 VS. 2029 (USD MILLION)
  • FIGURE 9 INDUSTRIAL HEMP MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION)
  • FIGURE 10 INDUSTRIAL HEMP MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION)
  • FIGURE 11 ASIA PACIFIC TO BE LARGEST INDUSTRIAL HEMP MARKET DURING FORECAST PERIOD
  • FIGURE 12 SUPPORTIVE REGULATORY FRAMEWORK, INCREASE IN ADOPTION OF HEMP PRODUCTS, AND RISE IN DEMAND FOR SUSTAINABLE PRODUCTS TO DRIVE DEMAND
  • FIGURE 13 CONVENTIONAL SOURCE SEGMENT AND CHINA TO ACCOUNT FOR LARGEST SHARE IN ASIA PACIFIC INDUSTRIAL HEMP MARKET IN 2024
  • FIGURE 14 US TO ACCOUNT FOR LARGEST SHARE (BY VALUE) IN 2024
  • FIGURE 15 HEMP SEED SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 16 TEXTILES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 17 CONVENTIONAL SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 18 EUROPEAN UNION LAND AREA USED FOR HEMP CULTIVATION, 2018–2022 (1,000 HECTARES)
  • FIGURE 19 MARKET SIZE AND GROWTH PROJECTIONS FOR GLOBAL WELLNESS ECONOMY, 2019–2028
  • FIGURE 20 INDUSTRIAL HEMP MARKET DYNAMICS
  • FIGURE 21 ADOPTION OF GEN AI IN INDUSTRIAL HEMP MARKET ECOSYSTEM
  • FIGURE 22 INDUSTRIAL HEMP MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 23 POST-PRODUCTION/HARVESTING PROCESS
  • FIGURE 24 EXPORT VALUE OF HS CODE 530210: KEY COUNTRIES, 2019–2023 (USD THOUSAND)
  • FIGURE 25 IMPORT VALUE OF HS CODE 530210: KEY COUNTRIES, 2019–2023 (USD THOUSAND)
  • FIGURE 26 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE, 2023
  • FIGURE 27 AVERAGE SELLING PRICE TREND, BY TYPE, 2019–2023
  • FIGURE 28 AVERAGE SELLING PRICE TREND OF HEMP SEED, BY REGION
  • FIGURE 29 AVERAGE SELLING PRICE TREND OF HEMP SEED OIL, BY REGION
  • FIGURE 30 AVERAGE SELLING PRICE TREND OF CBD HEMP OIL, BY REGION
  • FIGURE 31 AVERAGE SELLING PRICE TREND OF HEMP BAST, BY REGION
  • FIGURE 32 AVERAGE SELLING PRICE TREND OF HEMP HURD, BY REGION
  • FIGURE 33 KEY STAKEHOLDERS IN INDUSTRIAL HEMP MARKET ECOSYSTEM
  • FIGURE 34 INDUSTRIAL HEMP MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 35 PATENTS GRANTED FOR INDUSTRIAL HEMP MARKET, 2014–2024
  • FIGURE 36 INDUSTRIAL HEMP MARKET: REGIONAL ANALYSIS OF PATENTS GRANTED, 2014–2024
  • FIGURE 37 INDUSTRIAL HEMP MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 38 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
  • FIGURE 39 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • FIGURE 40 INVESTMENT & FUNDING SCENARIO OF MAJOR PLAYERS
  • FIGURE 41 INDUSTRIAL HEMP MARKET, BY TYPE, 2024 VS. 2029 (BY VALUE)
  • FIGURE 42 INDUSTRIAL HEMP MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION)
  • FIGURE 43 INDUSTRIAL HEMP MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION)
  • FIGURE 44 CANADA TO RECORD HIGHEST CAGR IN INDUSTRIAL HEMP MARKET
  • FIGURE 45 NORTH AMERICA: INDUSTRIAL HEMP MARKET SNAPSHOT
  • FIGURE 46 ASIA PACIFIC: INDUSTRIAL HEMP MARKET SNAPSHOT
  • FIGURE 47 ANNUAL REVENUE ANALYSIS OF KEY PLAYERS, 2019–2023 (USD MILLION)
  • FIGURE 48 INDUSTRIAL HEMP: MARKET SHARE ANALYSIS, 2023
  • FIGURE 49 INDUSTRIAL HEMP MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 50 COMPANY FOOTPRINT
  • FIGURE 51 INDUSTRIAL HEMP MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
  • FIGURE 52 COMPANY VALUATION OF FEW MAJOR PLAYERS
  • FIGURE 53 EV/EBITDA OF KEY COMPANIES
  • FIGURE 54 BRAND/PRODUCT ANALYSIS, BY KEY PLAYERS OF INDUSTRIAL HEMP
  • FIGURE 55 CURALEAF HOLDINGS, INC.: COMPANY SNAPSHOT
  • FIGURE 56 GREEN THUMB INDUSTRIES: COMPANY SNAPSHOT
  • FIGURE 57 CANOPY GROWTH CORPORATION: COMPANY SNAPSHOT
  • FIGURE 58 AURORA CANNABIS INC.: COMPANY SNAPSHOT
  • FIGURE 59 THE CRONOS GROUP: COMPANY SNAPSHOT
  • FIGURE 60 ECOFIBRE LTD: COMPANY SNAPSHOT

The study involved two major approaches in estimating the current size of the industrial hemp market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the market.

In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, directories, and databases were referred to identify and collect information.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

Extensive primary research was conducted after obtaining information regarding the industrial hemp market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, South America, and the Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, research, and development teams, and related key executives from distributors and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to industrial hemp type, source, application, and region. Stakeholders from the demand side, such as food and beverage manufacturers, nutraceutical and wellness companies, textile and apparel manufacturers, and construction industry were interviewed to understand the buyer’s perspective on the suppliers, products, and their current usage of industrial hemp and the outlook of their business, which will affect the overall market.

Industrial Hemp Market Size, and Share

Note: The three tiers of the companies are defined based on their total revenues in 2022 or 2023, as per
the availability of financial data: Tier 1: Revenue > USD 1 billion; Tier 2: USD 100 million = Revenue = USD
1 billion; Tier 3: Revenue < USD 100 million.

To know about the assumptions considered for the study, download the pdf brochure

COMPANY NAME

DESIGNATION

Ecofibre Ltd (Australia)

General Manager

Fresh Hemp Foods Ltd. (Canada)

Sales Manager

Canopy Gowth Corporation (Canada)

Manager

The Cronos Group (Canada)

Sales Manager

Hemp Foundation (India)

Marketing Manager

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the industrial hemp market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players in the industry and the overall markets were identified through extensive secondary research.
  • All shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as CEOs, directors, and marketing executives.

Industrial Hemp Market : Top-Down and Bottom-Up Approach

Industrial Hemp Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to estimate the overall industrial hemp market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. The market size was also validated using both the top-down and bottom-up approaches.

Market Definition

According Industrial cannabis, also known as industrial hemp, refers to specific varieties of Cannabis sativa L. cultivated for agricultural and industrial purposes, primarily for their seeds and fibers. These varieties are distinguished by low tetrahydrocannabinol (THC) content—typically limited to 0.2% in most European countries and 0.3% in Canada—and a high cannabidiol (CBD) content, with a CBD-to-THC ratio exceeding one. Cultivation is regulated by "lists of approved cultivars," and varieties consistently exceeding permissible THC levels may be excluded from these lists. Harvesting for fiber takes place at the end of flowering in female plants, prior to seed formation.

Stakeholders

  • Supply-side: Industrial hemp producers, suppliers, distributors, importers, and exporters
  • Demand-side: Manufacturers of hemp-based textiles, food & beverages, pharmaceuticals, personal care products, paper, and construction materials
  • Regulatory bodies: Government agencies and Non-Governmental Organizations (NGOs)
  • Commercial R&D institutions and financial institutions
  • Associations, regulatory bodies, and other industry-related bodies:
  • Food and Drug Administration (FDA)
  • United States Department of Agriculture (USDA)
  • European Industrial Hemp Association (EIHA)
  • National Hemp Association (NHA)
  • National Industrial Hemp Council of America (NIHC)
  • United States Department of Agriculture (USDA)
  • American Farm Bureau Federation (AFBF)
  • European Food Safety Authority (EFSA)
  • Canadian Hemp Trade Alliance (CHTA)
  • British Hemp Association (BHA)
  • Indian Industrial Hemp Association (IIHA)
  • Hemp Industries Association (HIA)
  • Vote Hemp
  • Hokkaido Industrial Hemp Association (HIHA)

Report Objectives

  • To determine and project the size of the industrial hemp market with respect to the type, source, application, and regions in terms of value over five years, ranging from 2024 to 2029.
  • To identify the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
  • To provide detailed information about the key factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.
  • To analyze the micro-markets with respect to individual growth trends, prospects, and their contribution to the total market.
  • To identify and profile the key players in the industrial hemp market.
  • To understand the competitive landscape and identify the major growth strategies adopted by players across the key regions.

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company.

Geographic Analysis as per Feasibility

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

  • Further breakdown of the Rest of Europe industrial hemp market into key countries.
  • Further breakdown of the Rest of Asia Pacific industrial hemp market into key countries.
  • Further breakdown of the Rest of South America industrial hemp market into key countries.

Company Information

  • Detailed analyses and profiling of additional market players (up to five)

Previous Versions of this Report

Industrial Hemp Market by Type (Hemp Seed, Hemp Seed Oil, CBD Hemp Oil, Hemp Bast, Hemp Hurd), Source (Conventional, Organic), Application (Food & Beverages Pharmaceuticals, Textiles, Personal Care Products) and Region - Global Forecast to 2027

Report Code FB 7182
Published in Nov, 2022, By MarketsandMarkets™

Industrial Hemp Market by Type (Hemp Seed, Hemp Seed Oil, CBD Hemp Oil, Hemp Bast, Hemp Hurd), Source (Conventional, Organic), Application (Food & Beverages Pharmaceuticals, Textiles, Personal Care Products) and Region - Global Forecast to 2027

Report Code FB 7182
Published in Jun, 2019, By MarketsandMarkets™
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Growth opportunities and latent adjacency in Industrial Hemp Market

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