Press release
Industrial Hemp Market By Types, Applications & Top Key Players
Global Industrial Hemp Market
Industrial hemp or hemp is a variety of sativa plant species this is grown especially for the commercial purpose. Industrial hemp is a fast-growing, environmentally friendly plant with a low cost to produce. It is also one of the multipurpose and sustainable crops in the world. Moreover, industrial hemp can be refined into a variety of commercial items such as rope, paper, clothing, textiles, insulation, paint, biodegradable plastics, food, biofuel and animal feed.
An agricultural commodity known as industrial hemp is grown for use in the production of a variety of goods, including clothing and textiles, food and drink, cosmetics and personal care items, dietary supplements, paper, yarns and spun fibers, construction materials, and other goods. While industrial hemp and marijuana are different species of the same plant, they are not the same. sativa L. On a dry weight basis, marijuana has a (tetrahydrocannabinol) content of 3 to 15% while industrial hemp has less than 1%. The use of cultivars with less than 0.3 percent tetrahydrocannabinol is required in the majority of developed nations that authorize hemp farming . The two types cannot be distinguished just by appearance.
The market for hemp products is being driven by hemp's excellent nutritional benefits and advantageous fatty acid and protein profiles. For uses such as oil & gas cleanup, personal hygiene, and livestock bedding, hemp fiber's high absorbency is advantageous. In addition, rising product demand from the textile, paper, and building materials industries would aid market expansion thanks to good acoustic and aesthetic qualities. Hemp-based products are renewable, environmentally benign, and produced using less damaging processes. Compared to paper made from wood pulp, paper made from hemp fiber requires fewer chemicals to process. Thus, it is anticipated that increased consumer knowledge of the advantages of the products will help the market expand.
The global industrial hemp market has been witnessing healthy growth, owing to the use of the product in more than 25,000 products across about nine sectors, including food and beverage, textile, paper, construction, personal care, furniture and automobile. Industrial hemp is an annual plant and almost every part of the plant, such as seed, stalk and flower, is useful in a large number of applications.
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Global Industrial Hemp Market: Major Players
Hemp OilCanada
Colorado Hemp Works
Ecofibre
encanna
Hemp Poland
Hemp loc.
onoplex Croup
Hfempflax B
Canah International.
BAFA
Dun Agro
Hempco
Global Industrial Hemp Market: By Types
Hemp seed
Hemp seed oil
hemp oil
Hemp fiber
Global Industrial Hemp Market: By Applications
Food
Beverages
Personal care products
Textiles
Pharmaceuticals
Others (paper, automobiles, construction & materials, furniture, and pet food)
Global Industrial Hemp Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Industrial Hemp market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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