Global Industrial Hemp Sales Market Report 2024
Published on: 2024-01-04 | No of Pages : 400 | Industry : Agriculture
Publisher : MRA | Format : PDF
Global Industrial Hemp Sales Market Report 2024
Market Analysis and InsightsGlobal Industrial Hemp Market
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.
Due to the COVID-19 pandemic, the global Industrial Hemp market size is estimated to be worth US$ 1161 million in 2022 and is forecast to a readjusted size of US$ 3259.5 million by 2033 with a CAGR of 15.7% during the forecast period 2023-2033. Fully considering the economic change by this health crisis, CBD Oil accounting for % of the Industrial Hemp global market in 2022, is projected to value US$ million by 2033, growing at a revised % CAGR from 2023 to 2033. While Medical and Pharmaceutical segment is altered to an % CAGR throughout this forecast period.
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.
Global Industrial Hemp Scope and Market Size
The global Industrial Hemp market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Industrial Hemp market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2033.
Segment by Type
CBD Oil
CBD Crystal
Medical and Pharmaceutical
Food and Beverage
Cosmetics
Other
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
Kazmira
Medical Marijuana, Inc.
Charlotte's 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)
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.
Due to the COVID-19 pandemic, the global Industrial Hemp market size is estimated to be worth US$ 1161 million in 2022 and is forecast to a readjusted size of US$ 3259.5 million by 2033 with a CAGR of 15.7% during the forecast period 2023-2033. Fully considering the economic change by this health crisis, CBD Oil accounting for % of the Industrial Hemp global market in 2022, is projected to value US$ million by 2033, growing at a revised % CAGR from 2023 to 2033. While Medical and Pharmaceutical segment is altered to an % CAGR throughout this forecast period.
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.
Global Industrial Hemp Scope and Market Size
The global Industrial Hemp market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Industrial Hemp market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2033.
Segment by Type
CBD Oil
CBD Crystal
Segment by Application
Medical and Pharmaceutical
Food and Beverage
Cosmetics
Other
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Kazmira
Medical Marijuana, Inc.
Charlotte's 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)
Electronic and Semiconductor
Food and Beverages
Chemicals and Materials
Consumer Goods
Construction Manufacturing
Aerospace and Defence
Energy and Power
ICT Media
Banking and Finance
Automotive and Transportation
Machinery and Equipments
Pharmaceutical and Healthcare
Medical Devices