Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Industrial Hemp Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global industrial hemp market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 18% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Industrial hemp is a plant species of Cannabis sativa that is a rich source of fiber and oilseed. It has considerable amounts of protein, carbohydrates, vitamins, essential fatty acids, and trace elements. As a result, it is used to manage or treat several debilitating conditions. Besides this, it is utilized in the production of nutritional supplements, fabrics and textiles, paper, construction materials, food and beverages, personal care products, and other industrial goods across the globe.

Industrial Hemp Market Trends:

Industrial hemp is a versatile and eco-friendly alternative for manufacturing lightweight and dent-resistant automobile bodies. This, along with the increasing need for reducing carbon footprint and the burgeoning automotive industry, represents one of the key factors strengthening the growth of the market. Apart from this, industrial hemp assists in weeding fields, soil remediation, and bio-absorption of heavy metals and contaminants. As a result, it is widely employed in the agriculture sector of countries that have permitted its usage under license. Moreover, as the fiber of industrial hemp is longer, stronger, more absorbent than cotton, hemp fabrics and textiles are gaining popularity gradually in numerous countries. Hemp fabrics are utilized in the manufacturing of yarns and spun fibers, home furnishings, insulation materials, and composites. This, in confluence with the rising adoption of industrial hemp for the production of oil paints, printing inks, fuel, putty, chain-saw lubricants, and coatings, is also contributing to the market growth. Furthermore, the liberalization in government regulations for the production of industrial hemp is offering lucrative growth opportunities to the key market players. Besides this, the rising consumption of hemp-based products on account of their health benefits and the escalating incidences of epilepsy and other sleep disorders is anticipated to impel the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial hemp market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, source and application.

Breakup by Type:

  • Hemp Seed
  • Hemp Oil
  • Hemp Fiber
  • Others
     

Breakup by Source:

  • Conventional
  • Organic
     

Breakup by Application:

  • Food and Beverages
  • Textiles
  • Personal Care Products
  • Pharmaceuticals
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aurora Cannabis, Boring Hemp Company, Ecofibre Limited, Hemp Inc, HempFlax Group B.V., Hempro International GmbH, MH medical hemp GmbH, Parkland Industrial Hemp Growers Co-op. Ltd., South Hemp Tecno srl and Valley Bio Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Type, Source, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aurora Cannabis, Boring Hemp Company, Ecofibre Limited, Hemp Inc, HempFlax Group B.V., Hempro International GmbH, MH medical hemp GmbH, Parkland Industrial Hemp Growers Co-op. Ltd., South Hemp Tecno srl and Valley Bio Limited.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global industrial hemp market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global industrial hemp market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global industrial hemp market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Industrial Hemp Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Hemp Seed
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Hemp Oil
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Hemp Fiber
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Source
    7.1    Conventional
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Organic
        7.2.1 Market Trends
        8.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Food and Beverages
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Textiles
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Personal Care Products
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Pharmaceuticals
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Aurora Cannabis
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Boring Hemp Company
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Ecofibre Limited
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Hemp Inc
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    HempFlax Group B.V.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Hempro International GmbH
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    MH medical hemp GmbH
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Parkland Industrial Hemp Growers Co-op. Ltd.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    South Hemp Tecno srl
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Valley Bio Limited
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio

List of Figures

Figure 1: Global: Industrial Hemp Market: Major Drivers and Challenges
Figure 2: Global: Industrial Hemp Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Industrial Hemp Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Industrial Hemp Market: Breakup by Type (in %), 2020
Figure 5: Global: Industrial Hemp Market: Breakup by Source (in %), 2020
Figure 6: Global: Industrial Hemp Market: Breakup by Application (in %), 2020
Figure 7: Global: Industrial Hemp Market: Breakup by Region (in %), 2020
Figure 8: Global: Industrial Hemp (Hemp Seed) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Industrial Hemp (Hemp Seed) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Industrial Hemp (Hemp Oil) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Industrial Hemp (Hemp Oil) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Industrial Hemp (Hemp Fiber) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Industrial Hemp (Hemp Fiber) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Industrial Hemp (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Industrial Hemp (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Industrial Hemp (Conventional) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Industrial Hemp (Conventional) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Industrial Hemp (Organic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Industrial Hemp (Organic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Industrial Hemp (Food and Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Industrial Hemp (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Industrial Hemp (Textiles) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Industrial Hemp (Textiles) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Industrial Hemp (Personal Care Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Industrial Hemp (Personal Care Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Industrial Hemp (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Industrial Hemp (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Industrial Hemp (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Industrial Hemp (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: North America: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: North America: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: United States: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: United States: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Canada: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Canada: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Asia-Pacific: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Asia-Pacific: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: China: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: China: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Japan: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Japan: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: India: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: India: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: South Korea: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: South Korea: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Australia: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Australia: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Indonesia: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Indonesia: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Others: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Others: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Europe: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Europe: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Germany: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Germany: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: France: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: France: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: United Kingdom: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: United Kingdom: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Italy: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Italy: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Spain: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Spain: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Russia: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Russia: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Others: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Others: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Latin America: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Latin America: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Brazil: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Brazil: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Mexico: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Mexico: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Others: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Others: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Middle East and Africa: Industrial Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Middle East and Africa: Industrial Hemp Market: Breakup by Country (in %), 2020
Figure 78: Middle East and Africa: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Global: Industrial Hemp Industry: SWOT Analysis
Figure 80: Global: Industrial Hemp Industry: Value Chain Analysis
Figure 81: Global: Industrial Hemp Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Industrial Hemp Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Industrial Hemp Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Industrial Hemp Market Forecast: Breakup by Source (in Million US$), 2021-2026
Table 4: Global: Industrial Hemp Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Industrial Hemp Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Industrial Hemp Market: Competitive Structure
Table 7: Global: Industrial Hemp Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2299

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links