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Industrial Hemp Market worth $81.54 billion by 2030, growing at a CAGR of 33.24% - Exclusive Report by 360iResearch
Industrial Hemp Market | 360iResearch
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The industrial hemp market is expanding due to the versatile applications of cultivated primarily for its fiber, seeds, and oils. This market's growth is driven by the demand for sustainable materials that can replace synthetics as environmental concerns rise. Industrial hemp has applications in textiles for durable and biodegradable fabrics, building materials such as hempcrete, food and beverages including health supplements and protein powders, and personal care products for skincare. The end-use sectors encompassing industrial hemp benefits include agriculture with crop rotation and soil health enhancement, automotive for biocomposite materials, the paper industry for durable and recyclable products, and biofuel with lower environmental impacts. Key factors influencing market growth are legislative changes, sustainability trends, and technological advancements in hemp processing. Opportunities lie in expanding plant-based foods, eco-friendly construction, and health and wellness sectors. However, challenges include regulatory restrictions, lack of standardization, and limited consumer awareness. Areas for innovation and research include biodegradable plastics, advanced farming techniques, and phytoremediation. The industrial hemp market is dynamic, characterized by rapid innovation and regulatory shifts, requiring stakeholders to stay agile and prioritize innovation, regulatory navigation, and consumer education for success.
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Market Segmentation & Coverage:
This research report categorizes the Industrial Hemp Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Hemp Fiber, Hemp Flower, Hemp Leaves, Hemp Seed, and Hemp Seed Oil.
Based on Source, market is studied across Conventional and Organic.
Based on Application, market is studied across Beverages, Food, Personal Care Products, Pharmaceuticals, and Textiles. The Beverages is further studied across Hot Beverages, Ready-To-Drink Beverages, and Sports & Energy Drinks. The Food is further studied across Bakery Products, Dairy & Frozen Desserts, Snacks & Cereals, and Soups, Sauces, & Seasonings.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
Key Company Profiles:
The report delves into recent significant developments in the Industrial Hemp Market, highlighting leading vendors and their innovative profiles. These include American Hemp LLC, Boring Hemp Company, CANAH INTERNATIONAL SRL, Colorado Hemp Works, Inc., Dun Agro BV, Ecofibre Ltd., Hemp Inc., Hemp Oil Canada, HempFlax Group B.V., HemPoland sp. z o.o., Konoplex LLC, Namrata Hemp Company, SOUTH HEMP TECNO SRL, The Hemp Corporation, and Valley Bio Ltd..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Industrial Hemp Market, by Type
7. Industrial Hemp Market, by Source
8. Industrial Hemp Market, by Application
9. Americas Industrial Hemp Market
10. Asia-Pacific Industrial Hemp Market
11. Europe, Middle East & Africa Industrial Hemp Market
12. Competitive Landscape
13. Competitive Portfolio
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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