Industrial Hemp Market Trend Shows A Rapid Growth by 2027 - Key Player Colorado Hemp Works, Dun Agro, Ecofibre Ltd, GenCanna Global USA, Hemp and Hemp Oil Canada
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The report also includes all the critical and decisive details on the development of the market and the restraining factors that may obstruct the market growth in near future. Segmentation of the market are studied specifically to give profound knowledge for supplementary market investments.
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.
Increasing legalization in the farming of industrial hemp across the globe is driving the demand 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.
Detailed segmentation of the market, on the basis of Type and Application and a descriptive structure of trends of the segments and sub-segments are elaborated in the report. It also provides the market size and estimates a forecast from the year 2018 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 report also provides exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Industrial Hemp market.
The report assists in determining and analyzing the key market players’ portfolios with information such as company profiles, components and services offered, financial information for last three years, key developments in past five years, and helps in constructing strategies to gain competitive advantage. The market payers from Industrial Hemp Market are anticipated to gain lucrative growth opportunities in the future with the rising demand for Industrial Hemp at the global level. Below mentioned is the list of few companies engaged in the Industrial Hemp market.
Companies Mentioned: -
1. COLORADO HEMP WORKS
2. Dun Agro
3. Ecofibre Ltd
4. GenCanna Global USA, Inc.
5. Hemp Oil Canada
6. Hemp Pol and
7. Hemp, Inc.
8. Hempco Food and Fiber Inc.
9. HempFlax BV
10. The Konoplex Group
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.
Reasons to Buy the Report:
· Learn about the driving factors impacting the market growth
· Imbibe the advancements and progress in the market during the forecast period
· Recognize where the market opportunities lies
· Compare and evaluate various trends impacting the market
· Gain insights on the leading players operating within the market
· Envision the challenges and restrains obstructing the market growth
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