The Global Industrial Hemp Market was estimated at USD 5.3 billion in 2022, and is projected to reach USD 22.49 billion by 2030, growing at a CAGR of 19.8%.
Industrial Hemp plant is a stout, annual, aromatic herb cultivated for its best fibre and edible seeds. The plant is strong, tough, and long-lasting and is mostly used for cordage, e.g., twine, rope, yarn, cable, string, and artificial sponges. Numerous goods, including insulation and building materials, paper, textiles, fibreglass, nutraceuticals, personal care items, bio-plastics, and biofuel are processed from industrial hemp. Without the use of harmful chemicals, herbicides, pesticides, or fertilisers, it is primarily cultivated for food and beverage production as well as non-food-based items.
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Key Companies & Market Share Insights:
Parkland Industrial Hemp Growers Cooperative Ltd. (Canada),CBD Biotechnology Co. (US),Botanical Genetics LLC (US),Marijuana Company of America Inc. (US),HempMedsBrasil (US),Terra Tech Corp. (USA),American Cannabis Company Inc. (Colorado),Industrial Hemp Manufacturing LLC (Amsterdam),American Hemp (USA),Hemp Inc. (US),Boring Hemp Company (Oregon),Plains Industrial Hemp Processing Ltd. (Canada),Ecofiber Industries Operations (Australia),Valley Bio Ltd. (Canada) and other major players.
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The latest research on the Industrial Hemp Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Industrial Hemp Market industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Industrial Hemp Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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Industrial Hemp Market is Segmented as follows:
· Seeds
· Fiber
By Source
· Organic
· Conventional
By Application
· Animal care
· Textile
· Foods & Beverages
· Pharmaceuticals
· Personal care
Industrial Hemp Market Regional Analysis/Insights:
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
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Introspective Market Research is a trusted provider of comprehensive market research studies, catering to businesses worldwide. Our commitment lies in delivering valuable insights and strategic guidance to empower informed decision-making. Through an in-depth examination of the overall industry, our Industrial Hemp Market report ensures greater accuracy and reliability. We establish a robust foundation for our findings by leveraging an extensive range of primary and secondary sources.
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