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Global Industrial Hemp Industry Report: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Trade Data Analysis; Industry Events and Developments; Price Analysis; Competitive Landscape, 2022-2027

Industrial Hemp Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices


The global Industrial Hemp market reached a value of about USD 5.75 billion in 2021. The industry is projected to grow at a CAGR of around 22.5% in the forecast period of 2022-2027 to reach a value of about USD 19.5 billion by 2027.

The global Industrial Hemp industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The increasing demand for the product from various end-user industries is driving the market. The Asia Pacific is the highest category spender by region, driving the need for the Industrial Hemp industry.

Industry Definition and Segmentation

Industrial hemp, known as hemp, is a kind of Cannabis sativa plant explicitly grown for commercial purposes. They stalk, oil, seeds, and leaves of a type of the cannabis Sativa plant are used to make industrial hemp. It may be developed into rope, paper, clothes, textiles, insulation, paint, biodegradable plastics, food, biofuel, and animal feed, among other commercial products. The Industrial Hemp industry report comprises segments by Source (Conventional, Organic), Product Type (Hemp Seed, Hemp Fibre, Hemp Seed Oil, CBD Hemp Oil), Application (Food and Beverages, Personal Care, Animal Care, Pharmaceuticals, Textiles, Construction Materials, Others) and Region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

The Asia Pacific Region is Driving the Growth of the Industry

The Asia Pacific holds the largest share in the industry due to the easy availability of raw resources and expanding worldwide demand for hemp from Asia. Furthermore, industrial hemp and its products, such as fibre, seed, hurds, and oil, are produced and consumed in countries such as China, India, Japan, Korea, Australia, New Zealand, and Thailand.

The market is being driven by the application of the product in various end-user industries, including textile, health and wellness, paper, food and beverage, personal care, construction, furniture, and automobiles. The product is cultivated without the use of hazardous chemicals, fertilisers, or pesticides to be utilised in the manufacturing of food and beverage, as well as non-food-related items. Furthermore, the product is a renewable and ecologically friendly raw resource for manufacturing goods like plastic, paper, and fuel. Expanding environmental consciousness, changing government laws in various countries, and rising demand for the product are projected to help the industry.

However, throughout the projection period, factors such as the complicated regulatory structure for the use of industrial hemp are likely to impede market expansion globally.

Best Procurement Practices

The global Industrial Hemp industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Industrial Hemp regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Industrial hemp cultivation, produced for fibre, seed, and cannabidiol (CBD), has increased dramatically in recent years. Depending on the fibre quality, hemp for fibre is picked when the plants are between early bloom and seed set. After the hemp has been chopped, it must go through a retting process, which begins to disrupt the chemical connections that link these two types of fibres together. This can be performed by keeping chopped stalks in the field for a few weeks until rot sets in and fibres separate, but not for too long that the fibre quality deteriorates. Local environmental variables will, of course, significantly impact the procedure. Water retting, which involves submerging stems in water for several days, is more costly but dependable.

The Employment of the Product in Various Products, Further Driving the Procurement of Industrial Hemp

The industry is being aided by the growing senior population, as well as the growth in skin illnesses caused by increased U.V. radiation exposure, which are driving demand for personal care products, particularly those containing organic components. In addition, the growing consumer awareness of the health benefits of hempseed and hempseed oil and rising demand from the cosmetics and personal care sectors will propel the market forward. Increased manufacturing of hemp-based soaps, shampoos, bath gels, hand and body lotions, U.V. skin defenders, massage oils, and other items is predicted to boost the market growth. Also, the industry is being aided by the increased demand for organic personal care products. The increasing usage of the product as a textile yarn and as a substitute for cotton and synthetic fibres is fueling market expansion.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Industrial Hemp Industry Report

  • Manitoba Harvest Hemp Foods
  • Hemp Inc.
  • Hemp Oil Canada Inc.
  • HempFlax Group B.V.
  • Hemp Production Services

Market Landscape

Market participants manufacture vast amounts of high-quality goods in various seed sizes and oil compositions. Potential yields and processing techniques, as well as processing technology, cost of production, and returns, all influence market rivalry. Market participants are also concentrating on expanding product cultivation and processing facilities in countries where the plant is legal to produce. To get high yields from cultivation, major industry participants are investing considerably in R&D operations. These companies offer a wide range of hemp-derived goods and have the opportunity to tap into enormous markets.

Key Initiatives by Companies

  • Hemp Inc. announced the debut of Diamonds, new cannabidiol (CBD) product in the King of Hemp brand. The goods are made from a golden-hued, high-CBD, THC-free distillate that is extracted straight from the hemp plant and includes terpene mixes.
  • GenCanna and Atalo Holdings formed a strategic agreement in May 2019 to develop a vertically integrated hemp processing and distribution plant in Kentucky.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Industrial Hemp Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Industrial Hemp Historical Market (2017-2021) 
    8.3    Global Industrial Hemp Market Forecast (2022-2027)
    8.4    Global Industrial Hemp Market by Source
        8.4.1    Conventional
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Organic
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Industrial Hemp Market by Product Type
        8.5.1    Hemp Seed
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Hemp Fibre
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Hemp Seed Oil
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    CBD Hemp Oil
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
    8.6    Global Industrial Hemp Market by Application
        8.6.1    Food and Beverages
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Personal Care
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Animal Care
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Pharmaceuticals
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Textiles
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Construction Materials
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2017-2021)
            8.6.6.3    Forecast Trend (2022-2027)
        8.6.7    Others
    8.7    Global Industrial Hemp Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (HS Code: 5302)

    12.1    Major Exporting Countries:
        12.1.1     By Value 
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1     By Value
        12.2.2     By Volume
13    Price Analysis
    13.1    North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.2    Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.3    Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.4    Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.5    Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players 
    14.3    Company Profiles
        14.3.1    Manitoba Harvest Hemp Foods
            14.3.1.1    Company Overview
            14.3.1.2    Product Portfolio
            14.3.1.3    Demographic Reach and Achievements
            14.3.1.4    Certifications
        14.3.2    Hemp Inc.
            14.3.2.1    Company Overview
            14.3.2.2    Product Portfolio
            14.3.2.3    Demographic Reach and Achievements
            14.3.2.4    Certifications
        14.3.3    Hemp Oil Canada Inc.
            14.3.3.1    Company Overview
            14.3.3.2    Product Portfolio
            14.3.3.3    Demographic Reach and Achievements
            14.3.3.4    Certifications
        14.3.4    HempFlax Group B.V.
            14.3.4.1    Company Overview
            14.3.4.2    Product Portfolio
            14.3.4.3    Demographic Reach and Achievements
            14.3.4.4    Certifications
        14.3.5    Hemp Production Services
            14.3.5.1    Company Overview
            14.3.5.2    Product Portfolio
            14.3.5.3    Demographic Reach and Achievements
            14.3.5.4    Certifications
        14.3.6     Unrivaled Brands, Inc
            14.3.6.1    Company Overview
            14.3.6.2    Product Portfolio
            14.3.6.3    Demographic Reach and Achievements
            14.3.6.4    Certifications
        14.3.7    Others
15    Industry Events and Developments

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Key Questions Answered in the Report

The global Industrial Hemp market size was valued at USD 5.75 billion in 2021.

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 22.5%.

The significant demand for the product in skincare products is one of the essential drivers of the Industrial Hemp market growth.

Manitoba Harvest Hemp Foods, Hemp Inc., Hemp Oil Canada Inc., HempFlax Group B.V., Hemp Production Services, Unrivaled Brands, Inc and Others are some of the key players in the market.

The Asia Pacific region of the Industrial Hemp industry holds a significant share in the market.

Analyst Review

The global Industrial Hemp market attained a value of USD 5.75 billion in 2021, driven by the application of the product in various end-user industries, including textile, health and wellness, paper, food and beverage, personal care, and construction, furniture, and automobiles. Aided by the growing demand for personal care products, particularly those containing organic components, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 22.5%. The market is projected to reach USD 19.5 billion by 2027. Some of the leading players in the industry are Manitoba Harvest Hemp Foods, Hemp Inc., Hemp Oil Canada Inc., HempFlax Group B.V., Hemp Production Services, and Unrivaled Brands Inc Others.

Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.

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