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Industrial Hemp Market Global Forecast By Application, Regions, Company Analysis

  • ID: 5317033
  • Report
  • April 2021
  • Region: Global
  • 169 pages
  • Renub Research
The Global Industrial Hemp Market Will Grow and Reach US$ 17.4 Billion by 2027

FEATURED COMPANIES

  • Agropur
  • Aurora cannabis
  • Darling Ingredients inc
  • MORE
Industrial Hemp is an agricultural commodity that is cultivated for use in a wide range of products, including foods and beverages, personal care and cosmetics products, nutritional supplements, fabrics and textiles. Also yarns and spun fibres, paper, construction and insulation materials - supplementary manufacturing goods. Hemp can be grown up as a fibre, seed, or another dual-function crop. Conversely, Hemp is also from the same species of plant, Cannabis sativa, as marijuana. According to the publisher, The Global Industrial Hemp Market will grow and reach US$ 17.4 Billion by 2027.

The dynamic chemical present in the plant is tetrahydrocannabinol (THC). The cannabis plant has several medical as well as recreational usages. In medicine, cannabis will treat nausea, asthma, vomiting, chronic pains, and many other diseases. The plant also has physiological and psychoactive effects when taken into the body. The market size for Hemp Industry World over was US$ 5.6 Billion in 2020.

Industrial Hemp (seed) is a highly nutritious plant globally; it creates a massive protein and minerals resource. It has the majority concentrated balance of proteins, vitamins, essential fats and enzymes combined with a comparative absence of sugar, starches and saturated fats. The overall benefits from Industrial Hemp Growth Trends will create room for players and its market will grow with a staggering CAGR of 17.58% during 2020-2027.

Growth Factors:
  • Efficient properties of industrial hemp seed (hemp seed oil) and their increased use in different food applications
  • Fundamental Transformation in Beverages Industry to Support Growth
  • Shifting Customers Preferences Towards Organic Healthcare Pet Products
Challenges:
  • The complex regulatory structure and the usage of industrial Hemp
  • Deficiency of processing facilities and planting & harvesting equipment
Country prospects: In the United States, Hemp production has seen a resurgence in the past several years. High prices for hemp products are obsessed primarily by the need to produce CBD and increase plant relatives to other crops. Producer interest in hemp production has driven mainly by the potential for high returns from sales of hemp flowers to be processed into CBD (Cannabidiol) oil.

United States Demand for Hemp with Change in Laws:

In 2018 Farm Bill was approved, Hemp has categorized under the same regulations that covered cannabis, Hemp's psychoactive cousin, since the Marijuana Tax Act of 1937. Congress explicitly approved in 2018 the shift of hemp derivative products across state lines for commercial or additional purposes. The bill also lifts limitations on the transportation, sale or possession of hemp-derived products.

COVID-19 Impact On The Global Industrial Hemp Market:

Due to COVID-19, all industry worldwide has impacted and thus this has affected the industrial hemp industry. Across the globe, transportation restrictions, lockdowns stopped products and supply chains. Canada, France, China are the country's leading manufacturer of industrial cannabis. But recently some studied has suggest that cannabis oil has positive effect on COVID patients. This use of Hemp in the advancement of COVID 19 vaccines has increased market demand.

This latest report “Global Industrial Hemp Market” By Application (Textiles, Personal Care, Food & Beverages, Animal Care, Paper, Automotive Construction Materials, Furniture and Others), By Regions(North America, Europe, Asia Pacific, South America and Middle East and Africa), Company Analysis ( Naturally Splendid Enterprises Ltd., Darling Ingredients inc, Agropur and Aurora cannabis) This report provides a complete analysis of Global Industrial Hemp Market.

Application - This Segment covers 9 Viewpoints from the Market

1. Textiles
2. Personal Care
3. Food & Beverages
4. Animal Care
5. Paper
6. Automotive
7. Construction Materials
8. Furniture
9. Others

Regions - This Segment covers 5 Viewpoints from the Market

1. North America
2. Europe
3. Asia Pacific
4. South America
5. Middle East and Africa

All the Company Analysis have covered 3 Viewpoints
  • Overview
  • Recent Developments
  • Revenue Analysis
Company - This Report covers 4 Companies Analysis
  • Naturally Splendid Enterprises Ltd.
  • Darling Ingredients inc
  • Agropur
  • Aurora cannabis
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Agropur
  • Aurora cannabis
  • Darling Ingredients inc
  • MORE
1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamic
4.1 Growth Driver
4.2 Challenges

5. Global Industrial Hemp Market

6. Market Share Analysis
6.1 Application
6.2 Regions

7. Application - Global Industrial Hemp Market
7.1 Textiles
7.2 Personal Care
7.3 Food & Beverages
7.4 Animal Care
7.5 Paper
7.6 Automotive
7.7 Construction Materials
7.8 Furniture
7.9 Others

8. Regions - Global Industrial Hemp Market
8.1 North America
8.2 Europe
8.3 Asia Pacific
8.4 South America
8.5 Middle East and Africa

9. Merger & Acquisitions

10. Company Analysis
10.1 Naturally Splendid Enterprises Ltd
10.1.1 Overviews
10.1.2 Recent Development
10.1.3 Revenues
10.2 Darling Ingredients Inc
10.2.1 Overviews
10.2.2 Recent Development
10.2.3 Revenues
10.3 Agropur
10.3.1 Overviews
10.3.2 Recent Development
10.3.3 Revenues
10.4 Aurora Cannabis
10.4.1 Overviews
10.4.2 Recent Development
10.4.3 Revenues

List of Figures:
Figure-1: Global Industrial Hemp Market (Million US$), 2015 - 2020
Figure-2: Forecast for - Global Industrial Hemp Market (Million US$), 2021 - 2027
Figure-3: Application - Textiles Industrial Hemp Market (Million US$), 2015 - 2020
Figure-4: Application - Forecast for Textiles Industrial Hemp Market (Million US$), 2021 - 2027
Figure-5: Application - Personal Care Industrial Hemp Market (Million US$), 2015 - 2020
Figure-6: Application - Forecast for Personal Care Industrial Hemp Market (Million US$), 2021 - 2027
Figure-7: Application - Food & Beverages Industrial Hemp Market (Million US$), 2015 - 2020
Figure-8: Application - Forecast for Food & Beverages Industrial Hemp Market (Million US$), 2021 - 2027
Figure-9: Application - Animal Care Industrial Hemp Market (Million US$), 2015 - 2020
Figure-10: Application - Forecast for Animal Care Industrial Hemp Market (Million US$), 2021 - 2027
Figure-11: Application - Paper Industrial Hemp Market (Million US$), 2015 - 2020
Figure-12: Application - Forecast for Paper Industrial Hemp Market (Million US$), 2021 - 2027
Figure-13: Application - Automotive Industrial Hemp Market (Million US$), 2015 - 2020
Figure-14: Application - Forecast for Automotive Industrial Hemp Market (Million US$), 2021 - 2027
Figure-15: Application - Construction Materials Industrial Hemp Market (Million US$), 2015 - 2020
Figure-16: Application - Forecast for Construction Materials Industrial Hemp Market (Million US$), 2021 - 2027
Figure-17: Application - Furniture Industrial Hemp Market (Million US$), 2015 - 2020
Figure-18: Application - Forecast for Furniture Industrial Hemp Market (Million US$), 2021 - 2027
Figure-19: Application - Others Industrial Hemp Market (Million US$), 2015 - 2020
Figure-20: Application - Forecast for Others Industrial Hemp Market (Million US$), 2021 - 2027
Figure-21: North America - Industrial Hemp Market (Million US$), 2015 - 2020
Figure-22: North America - Forecast for Industrial Hemp Market (Million US$), 2021 - 2027
Figure-23: Europe - Industrial Hemp Market (Million US$), 2015 - 2020
Figure-24: Europe - Forecast for Industrial Hemp Market (Million US$), 2021 - 2027
Figure-25: Asia Pacific - Industrial Hemp Market (Million US$), 2015 - 2020
Figure-26: Asia Pacific - Forecast for Industrial Hemp Market (Million US$), 2021 - 2027
Figure-27: South America - Industrial Hemp Market (Million US$), 2015 - 2020
Figure-28: South America - Forecast for Industrial Hemp Market (Million US$), 2021 - 2027
Figure-29: Middle East and Africa - Industrial Hemp Market (Million US$), 2015 - 2020
Figure-30: Middle East and Africa - Forecast for Industrial Hemp Market (Million US$), 2021 - 2027
Figure-31: Naturally Splendid Enterprises Ltd. - Global Revenue (Million US$), 2015 - 2020
Figure-32: Naturally Splendid Enterprises Ltd. - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-33: Darling Ingredients Inc. - Global Revenue (Million US$), 2015 - 2020
Figure-34: Darling Ingredients Inc. - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-35: Agropur - Global Revenue (Million US$), 2015 - 2020
Figure-36: Agropur - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-37: Aurora Cannabis - Global Revenue (Million US$), 2015 - 2020
Figure-38: Aurora Cannabis - Forecast for Global Revenue (Million US$), 2021 - 2027

List of Tables:
Table-1: Global Industrial Hemp Market Share by Application (Percent), 2014 - 2020
Table-2: Forecast for - Global Industrial Hemp Market Share by Application (Percent), 2021 - 2027
Table-3: Global Industrial Hemp Market Share by Regions (Percent), 2014 - 2020
Table-4: Forecast for - Global Industrial Hemp Market Share by Regions (Percent), 2021 - 2027
Note: Product cover images may vary from those shown
  • Naturally Splendid Enterprises Ltd.
  • Darling Ingredients inc
  • Agropur
  • Aurora cannabis
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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