DUBLIN, March 09, 2022–(BUSINESS WIRE)–The “Industrial Hemp Market Size, Share and Trend Analysis Report by Product (Seeds, Fibers, Shivs), by Application (Animal Care, Textiles, Personal Care ), by Region (North America, APAC), and Segment Forecasts, 2022-2030” report has been added to from ResearchAndMarkets.com offer.
The global industrial hemp market size is expected to reach USD 16.75 billion by 2030, registering a CAGR of 16.8%
Rising demand for products from industries, such as agriculture, textiles, personal care, recycling, furniture, food and beverages, paper, and building materials, is expected to propel the growth of the market. Hemp is increasingly used in medicines and nutritional supplements.
The high nutritional values and beneficial fatty acid and protein profile of hemp are driving the demand for hemp products in the market. Moreover, hemp oil is used in shampoos, soaps, lotions, bath gels and other cosmetics which further benefits the growth of the industry.
Industrial hemp’s strength-to-weight ratio, high tensile strength, and flexural strength provide desired benefits in bio-composites for automotive parts, fiberboard, aerospace, and packaging. Additionally, the demand for the products from the textile, paper and building materials markets is increasing due to its favorable acoustic and aesthetic properties.
Growing demand for environmentally friendly products in building materials, fiberglass alternatives, thermal insulation, and automotive products is expected to drive the market growth.
Growing demand for technical products, such as varnishes, oil paints, fuels, solvents, chain saw lubricants, printing inks, sealants and coatings, is expected to have a positive impact on market growth.
Industrial Hemp Market Report Highlights
The seed products segment accounted for the maximum revenue share in 2021 owing to the increased use of the products in nutritional supplements and medicinal and therapeutic products, such as pharmaceuticals.
The demand for products in the personal care industry is expected to grow at the fastest CAGR from 2022 to 2030 as it increases the skin’s natural ability to retain moisture.
The animal care segment also accounted for a large share of revenue in 2021 owing to the high demand for hempseed and hemp leaves in animal bedding, as their low-dust properties make it highly preferable for animals with respiratory problems.
The North America industrial hemp market is expected to grow at the fastest CAGR from 2022 to 2030 owing to the legalization of hemp production coupled with technological advancements in the harvesting and utilization of fiber and hemp.
Asian countries, such as China, have an important tradition of producing and exporting hemp, which has allowed these countries to dominate the world market.
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Sector outlook
2.3. Competitive Perspectives
Chapter 3. Industrial Hemp Market Variables, Trends and Scope
3.1. Industrial hemp market segmentation
3.2. Mapping of penetration and growth prospects
3.3. Industry Value Chain Analysis
3.4. Manufacturing process
3.5. Regulatory framework
3.6. Industrial hemp market dynamics
3.7. Analysis of the business environment: industrial hemp market
3.7.1. Porter’s analysis
3.7.2. PESTEL analysis
Chapter 4. Industrial Hemp Market: Product Estimates and Trend Analysis
4.1. Industrial hemp market: product movement analysis, 2021 and 2030
4.2.1. Market estimates and forecast, 2017-2030 (Tons) (USD Million)
Chapter 5. Industrial Hemp Market: Application Estimates and Trend Analysis
5.1. Industrial Hemp Market: Application Movement Analysis, 2021 & 2030
5.2. Animal care
5.2.1. Market estimates and forecast, 2017-2030 (Tons) (USD Million)
5.6. Food and drinks
5.8. Construction materials
5.9. Personal care
Chapter 6. Industrial Hemp Market: Regional Estimates and Trend Analysis
6.1. Industrial hemp market: regional movement analysis, 2021 and 208
Chapter 7. Competitive Landscape
7.1. Competitive landscape
7.2. Supplier Landscape
7.3. Competitive environment
7.4. Competitive positioning in the market
7.5. Strategic framework
7.6. Heat map analysis
7.7. List of key companies
Chapter 8. Business Profiles
8.1. Company presentation
8.2. Financial performance
8.3. Product Benchmarking
8.4. Strategic initiatives
Parkland Industrial Hemp Growers Cooperative Ltd. (Pihg)
CBD Biotechnology Co. Ltd.
Botanical Genetics, LLC
Marijuana Company of America Inc.
Terra Tech Corporation
American Cannabis Company, Inc.
Industrial Hemp Manufacturing, LLC
Boring hemp company
Plains Industrial Hemp Processing Ltd.
Organic Valley Limited
For more information about this report visit https://www.researchandmarkets.com/r/9tesr1
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220309005652/en/
Laura Wood, Senior Press Officer
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