Industrial Hemp Market to Witness Growth Acceleration in Forthcoming Years

Industrial hemp is also known as hemp. Industrial hemp is the strain of the cannabis sativa

plant species usually which is found in the northern hemisphere. Industrial hemp is

cultivated for industrial (non-drug) use and consumer products. Industrial hemp is low in

active tetrahydrocannabinol (THC) and high in fiber. Industrial hemp can be used to

replace many potentially harmful products such as tree paper, plastics, petroleum-based

products which do not decompose quickly. Industrial hemp is produced in various

countries across the world. Major producers include Canada, France, and China.

Leading Industrial Hemp Market Players:  COLORADO HEMP WORKS, Dun Agro.

Ecofibre Ltd, GenCanna Global USA, Inc., Hemp Oil Canada., Hemp Pol and, Hemp,

Inc., Hempco Food and Fiber Inc., HempFlax BV, The Konoplex Group

Increasing legalization in the farming of industrial hemp across the globe is driving the

dem and for industrial hemp market. Furthermore, various functional properties of hemp

seed and hemp seed oil are also projected to influence the industrial hemp market

significantly. Moreover, increasing use of industrial hemp in different food applications is

anticipated to have a robust impact in the industrial hemp market. The growing number of

chronic diseases, in turn, are expected to generate untapped opportunity for the market

participants.

The “Global Industrial Hemp Market Analysis to 2027” is a specialized and in-depth study

of the food and beverage industry with a special focus on the global market trend

analysis. The report aims to provide an overview of industrial hemp market with detailed

market segmentation by type, application, source and geography. The global industrial

hemp market is expected to witness high growth during the forecast period. The report

provides key statistics on the market status of the leading industrial hemp market players

and offers key trends and opportunities in the market.

The global industrial hemp market is segmented on the basis of type, application and

source. Based on type, the market is segmented into hemp seed, hemp seed oil, CBD

hemp oil, and hemp fiber. On the basis of the application the market is segmented into

food, textiles, beverages, personal care products, pharmaceuticals, and others. On the

basis of the source the market is segmented into conventional and organic.

The report provides a detailed overview of the industry including both qualitative and

quantitative information. It provides overview and forecast of the global industrial hemp

market based on various segments. It also provides market size and forecast estimates

from year 2017 to 2027 with respect to five major regions, namely; North America,

Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

The industrial hemp market by each region is later sub-segmented by respective

countries and segments. The report covers analysis and forecast of 18 countries globally

along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting industrial hemp market from both dem and and

supply side and further evaluates market dynamics effecting the market during the

forecast period i.e., drivers, restraints, opportunities, and future trend. The report also

provides exhaustive PEST analysis for all five regions namely; North America, Europe,

APAC, MEA and South & Central America after evaluating political, economic, social and

technological factors effecting the industrial hemp market in these regions.