Industrial Hemp Market

Industrial hemp is a variety of the Cannabis sativa plant species that is grown specifically for industrial use. It can be used to make a wide range of products. Along with bamboo, hemp is one of the fastest growing plant on Earth. It was also one of the first plants to be spun into usable fiber 50,000 years ago. It can be refined into a variety of commercial items, including paper, rope, textiles, clothing, biodegradable plastics, paint, insulation, biofuel, food, and animal feed.

Industrial Hemp Market contains market size and forecasts of Industrial Hemp in global, including the following market information:

Global Industrial Hemp Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Industrial Hemp Market Sales, 2017-2022, 2023-2028, (Ton)

Global top five Industrial Hemp companies in 2021 (%)

The global Industrial Hemp market was valued at 1194.6 million in 2021 and is projected to reach US$ 3182.5 million by 2028, at a CAGR of 15.0% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

CBD Oil Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Industrial Hemp include Kazmira, Medical Marijuana, Inc., Charlotte's Web CBD, CV Sciences, Folium Biosciences, Endoca, Aurora Cannabis, Aphria and Canopy Growth Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Industrial Hemp manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Industrial Hemp Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Ton)

Global Industrial Hemp Market Segment Percentages, by Type, 2021 (%)

CBD Oil

CBD Crystal

Global Industrial Hemp Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Ton)

Global Industrial Hemp Market Segment Percentages, by Application, 2021 (%)

Medical and Pharmaceutical

Food and Beverage

Cosmetics

Other

Global Industrial Hemp Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Ton)

Global Industrial Hemp Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Industrial Hemp revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Industrial Hemp revenues share in global market, 2021 (%)

Key companies Industrial Hemp sales in global market, 2017-2022 (Estimated), (Ton)

Key companies Industrial Hemp sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Kazmira

Medical Marijuana, Inc.

Charlotte's Web CBD

CV Sciences

Folium Biosciences

Endoca

Aurora Cannabis

Aphria

Canopy Growth Corporation

Manitoba Harvest

Hankang (Yunnan) Biotechnology

Yunnan Hansu Biotechnology

Yunnan Hamusen Biology

Kunming BiouNIO Biotechnology

Asan Wuxing Biology

Yunnan Yunxing Biotechnology

Huayun Jinxin Biotechnology

Yunma Biotechnology (Chenguang Biotechnology)