Industrial Hemp Market

The global Industrial Hemp market was valued at 1013.96 Million USD in 2021 and will grow with a CAGR of 14.68% from 2021 to 2027.
The prime objective of Industrial Hemp Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Industrial Hemp Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Industrial hemp is a variety of the Cannabis sativa plant species that is grown specifically for industrial use. It can be used to make a wide range of products. Along with bamboo, hemp is one of the fastest growing plant on Earth. It was also one of the first plants to be spun into usable fiber 50,000 years ago. It can be refined into a variety of commercial items, including paper, rope, textiles, clothing, biodegradable plastics, paint, insulation, biofuel, food, and animal feed.Global industrial hemp key players include Canopy Growth Corporation, Charlotte`s Web CBD, Aurora Cannabis, Folium Biosciences, Endoca, etc. Global top five manufacturers hold a share over 30%. North America is the largest market, with a share about 60%, followed by Europe, and Latin America, total have a share about 40 percent. In terms of product, CBD Oil is the largest segment, with a share over 75%. And in terms of application, the largest application is Medicine, followed by Food and Beverage, Cosmetics, etc.
By Market Verdors:

• Kazmira
• Medical Marijuana, Inc.
• Charlottes Web CBD
• CV Sciences
• Folium Biosciences
• Endoca
• Aurora Cannabis
• Aphria
• Canopy Growth Corporation
• Manitoba Harvest
• Hankang (Yunnan) Biotechnology
• Yunnan Hansu Biotechnology
• Yunnan Hamusen Biology
• Kunming BiouNIO Biotechnology
• Asan Wuxing Biology
• Yunnan Yunxing Biotechnology
• Huayun Jinxin Biotechnology
• Yunma Biotechnology (Chenguang Biotechnology)

By Types:

• CBD Oil
• CBD Crystal

By Applications:

• Medical and Pharmaceutical
• Food and Beverage
• Cosmetics

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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