Industrial Hemp Market Insights and Growth Opportunities 2024 | Industry Size To Exceed USD 14.84 Billion by 2030
Industrial Hemp
Industrial Hemp: "Versatile and Sustainable: The Growing Role of Industrial Hemp in Various Sectors"
LUTON, BEDFORDSHIRE, UNITED KINGDOM, June 6, 2024 /EINPresswire.com/ -- ๐๐ฑ๐ฉ๐๐ซ๐ญ๐ฌโ ๐๐ข๐๐ฐ๐ฉ๐จ๐ข๐ง๐ญ ๐จ๐ง Industrial Hemp ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ง๐๐ซ๐ข๐จ
Global "Industrial Hemp Market" Research report is an in-depth study of the market Analysis. Along with the most recent patterns and figures that uncovers a wide examination of the market offer. This report provides exhaustive coverage on geographical segmentation, latest demand scope, growth rate analysis with industry revenue and CAGR status. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market.
The Industrial Hemp Market is expected to grow at 16.9% CAGR from 2024 to 2030. It is expected to reach above USD 14.84 Billion by 2030 from USD 3.64 Billion in 2023.
Growing demand for hemp products including fiber, seed, stalks, hurds, and oils from the aforementioned application industries is expected to drive market growth. Industrial hemp production is associated with several agricultural and environmental benefits. With its fast growth period of 120-150 days and significant biomass yield, hemp enables efficient use of agricultural land. It is useful in carbon sequestration as it yields a large amount of biomass along with providing a useful break in crop rotation.
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐๐ ๐๐๐๐ฅ๐ ๐จ๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ @:
https://exactitudeconsultancy.com/reports/22793/industrial-hemp-market/
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง The ๐๐๐ซ๐ค๐๐ญ Include
The โGlobal Industrial Hemp Marketโ study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Green Thumb Industries Inc., Curaleaf Holdings, Inc., Cronos Group Inc., Ecofibre Limited, GenCanna, HempFlax BV, Konoplex Group, Hemp Oil Canada, BAFA, Dun Agro Hemp Group and Othersโฆ
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ
This study forecasts revenue at global, regional, and country levels from 2024 to 2030. Exactitude Consultancy has segmented the global Industrial Hemp market based on the below-mentioned segments:
Industrial Hemp Market By Type, 2020-2030, (USD Billion), (Kilotons)
Hemp Seed
Hemp Seed Oil
Cbd Hemp Oil
Hemp Bast
Hemp Hurds
Industrial Hemp Market By Source, 2020-2030, (USD Billion), (Kilotons)
Conventional
Organic
Industrial Hemp Market By Application, 2020-2030, (USD Billion), (Kilotons)
Food & Beverages
Textiles
Pharmaceuticals
Personal Care Products
Animal Nutrition
Paper
Construction Materials
Other Applications
๐๐ฒ ๐๐๐จ๐ ๐ซ๐๐ฉ๐ก๐ฒ
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Asia Pacific is one of the major consumers of industrial hemp and accounted for a revenue share of more than 33% in 2023. Economies, such as China, India, Japan, Korea, Australia, New Zealand, and Thailand, are actively involved in the production and consumption of industrial hemp and products, such as fiber, seed, hurds, and oil. Increasing global product demand along with advancing technologies and innovation are making harvesting easier for cultivators, thereby changing the face of hemp production in the region. Increasing consumption of hemp-based food products and supplements in developing economies with a growing geriatric population is expected to drive market growth.
North America is a major product consumer. These products are consumed in different application industries. High consumer disposable income, growing aging population, and rising concerns related to skin diseases and UV protection are expected to drive the demand for hemp oil in the personal care industry in this region. Industrial hemp in Europe is majorly consumed in automotive parts, construction materials, textiles, and fabrics in the form of fibers. However, growing demand for hemp oil in the food & supplements, cosmetics, and personal care markets is expected to drive market growth.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ:
https://exactitudeconsultancy.com/reports/22793/industrial-hemp-market/#request-a-sample
๐๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐๐ซ๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ Industrial Hemp ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐จ ๐๐๐๐
Market Size
Market New Sales Volumes
Market Replacement Sales Volumes
Market Procedure Volumes
Market Product Price Analysis
Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
๐๐จ๐ซ๐ญ๐๐ซโ๐ฌ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
Porter's five forces framework provides a blueprint for understanding the behavior of competitors and a player's strategic positioning in the respective industry. This section evaluates the different external factors that will impact competitive position over the coming years. This will be analyzed through 5 main factors such as:
Competitive Rivalry
Threat of New Entry
Threat of Substitution
Supplier Bargaining Power
Buyer Bargaining Power
๐๐๐ง ๐ ๐ฆ๐จ๐๐ข๐๐ฒ ๐ญ๐ก๐ ๐ฌ๐๐จ๐ฉ๐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ ๐ข๐ญ ๐ญ๐จ ๐ฌ๐ฎ๐ข๐ญ ๐ฆ๐ฒ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ?
Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
- Country level market for Industrial Hemp industry (up to 5)
- Profiling and additional market players (up to 5)
- Up to 40 hours of customization.
๐๐จ ๐๐จ๐ฎ ๐๐๐ฏ๐ ๐๐ง๐ฒ ๐๐ฎ๐๐ซ๐ฒ ๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก:: https://exactitudeconsultancy.com/primary-research/
๐๐ฅ๐ฌ๐จ ๐ ๐ซ๐จ๐ฆ ๐๐ก๐ข๐ฌ ๐๐จ๐ฎ๐ซ๐๐
https://bulletin.exactitudeconsultancy.com/
๐๐ง ๐๐จ๐ซ๐ ๐๐๐ง๐ ๐ฎ๐๐ ๐:
https://exactitudeconsultancy.com/ko/reports/22793/industrial-hemp-market/
https://exactitudeconsultancy.com/zh-CN/reports/22793/industrial-hemp-market/
https://exactitudeconsultancy.com/ja/reports/22793/industrial-hemp-market/
https://exactitudeconsultancy.com/iw/reports/22793/industrial-hemp-market/
https://exactitudeconsultancy.com/fr/reports/22793/industrial-hemp-market/
๐๐๐๐ข๐ ๐๐จ๐ง๐ญ๐๐๐ญ:
Irfan T
Exactitude Consultancy
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