Industrial Hemp Market — Opportunities & Forecast, 2020-2027

 The market report is a historical overview and in-depth study on the current and future market. The report also offers a basic overview of the market size, share, leading players, top regions with major countries data, and a detailed segmentation description. It investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

The major players in the Industrial Hemp Market include:

·         Hempco

·         Hemp Inc.

·         Konoplex Group

·         Ecofibre

·         GenCanna

·         Colorado Hemp Works

·         Canah International

·         Plains Industrial Hemp Processing

·         HempFlax BV

·         Dun Agro

Key Drivers of the Industrial Hemp Market:

The primary factor propelling the market for industrial hemp includes growing popularity and demand for industrial hemp among the consumers with quick accessibility. Moreover, increasing health & wellness concerns, followed by hectic lifestyles, persists in changing food habits, will boost the global industrial hemp market. According to the industrial hemp market report, rising usage in terms of the functional properties of hemp seed, hemp seed oil, and various allied sectors of the food and beverages will surge the global industrial hemp market.

In addition to this, the growing legalization of the industrial hemp will further accelerate the global industrial hemp market. The major factor boosting the growth of the global industrial hemp market size includes the continuous expansion of the product portfolio, especially by the leading manufacturers, and the increasing investment in R&D, particularly in emerging economies like Germany and Netherlands. On the other hand, the lack of efficient equipment and processing facilities will be a key factor hampering the global industrial hemp market.

Segmentation of the Industrial Hemp Market:

The major regions covered in the report are North America, Europe, Asia-Pacific, and the Rest of the world. It also contains regional volume and revenue of the forecast period. Moreover, it helps the reader to understand accurate data on volume sales according to the consumption for the same years.

On the basis of source, this report displays the production, revenue, price, market share, and overall growth rate of each source, primarily split into:

·         Organic

·         Conventional

On the basis of type, this report displays the production, revenue, price, market share, and overall growth rate of each type, primarily split into:

·         Hemp Seed

·         Hemp Seed Oil

·         Hemp Fiber

·         CBD Hemp Oil

On the basis of application, this report displays the production, revenue, price, market share, and overall growth rate of each application, primarily split into:

·         Food

·         Beverages

·         Personal Care Products

·         Textiles

·         Pharmaceuticals

On the basis of region, this report displays the production, revenue, price, market share, and overall growth rate of each region, primarily split into:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research:

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.

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