Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global industrial
hemp market makes an offering of in-depth analysis of segments and sub-segments
in the regional and international market. The research also emphasizes on the
impact of restraints, drivers, and macro indicators on the regional and global
industrial hemp market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of the global
market is offered. In accordance with the report, the industrial hemp market is
projected to expand at a CAGR of 32.17% over the period of forecast.
Market Insight, Drivers,
Restraints & Opportunity of the Market:
Cannabis sativa, also called industrial hemp, has often been known for
its psychedelic properties. The plant has been gaining popularity in the
pharmaceutical, food, textile and personal care industries as researchers
discover more and more about its amazing therapeutic and other multipurpose
uses. Industrial hemp is a multipurpose crop which has no to little side
effects.
To clear the
confusion, industrial hemp and marijuana are not the same. In industrial hemp,
the portion of the psychoactive element tetrahydrocannabidiol (THC) is much
lower (1%) compared to marijuana (5-20%), and the industrial hemp plant has
much higher fibre content. Many parts of the hemp plant can be used for
industrial purposes. The fibre, which can grow up to a couple metres metres
long, is used to make ropes, paper, stock fodder, animal bedding, hempcrete,
artificial sponges, and canvas. Hemp fibre is also used to make bioplastic
which is biodegradable and durable, depending on its formulation. The edible
seeds can be used to extract oils, milk and powder for health purposes, as they
are a rich source of magnesium, vitamins B1, B2, B6 and E, protein and fibre.
The plant is quite low-maintenance, as it doesn’t require much water or
fertilizers to grow, and grows fast. On the other hand, very few plant sources
can provide as much protein content as hemp seeds. As these studies come forth,
the legalization of hemp can be a great driver for the industrial hemp market.
In many places
globally, there are yet quite strict guidelines regarding the legalization of
hemp cultivation, mostly due to the lack of knowledge and enough research about
the subject. These stringent measures can prove to be quite tiresome for some
manufacturers to comply to. The usages of cannabidiol (CBD) and
tetrahydrocannabidiol (THC) in treating various illnesses have not been
explored enough. Trading is complicated as regulations vary from state to
state, and this is a setback indeed.
However, it is
hopeful that the cultivation of hemp is gaining legalization in many places
across the world, given for the right reasons. Studies regarding the nature and
use of hemp are still going on which further prove its potential as the fuel of
the future. Such biofuels are the upcoming thing as petrol and diesel continue
to face price hikes, and people seek alternative fuels to stop global warming.
Thus, the application of hemp as a biofuel would save much time and prove to be
sustainable in the long run.
Segment Covered:
This market
intelligence report on the global industrial hemp market is segmented based on
type, source, application, and country/regions.
In terms of type, the global industrial hemp
market is segregated
into
§ Hemp seed
§ Hemp seed oil
§ CBD hemp oil
§ Hemp fibre
By source, the global industrial hemp market is also classified into,
§ Organic
§ Conventional
By application, the global industrial hemp market is also classified into,
§ Food
§ Beverages
§ Personal care products
§ Pharmaceuticals
§ Textiles
§ Others
By country/region, the global industrial hemp market has
been divided into
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Hempco
§ Hemp Inc
§ Hemp Poland
§ BAFA
§ MH Medical Hemp
§ Colorado Hemp Works
§ Canah International
§ South Hemp Tecno
§ Hemp Oil Canada
§ HempFlax BV
Other players
have been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as industrial hemp market related investment &
spending and developments by major players of the market are tracked in this
global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that,
Growth Matrix analysis is also provided in the report so as to share insight of
the investment areas that new or existing market players can take into
consideration. Various analytical tools such as DRO analysis, Porter's five
forces analysis has been used in this report to present a clear picture of the
market. The study focuses on the present market trends and provides market
forecast from the year 2020-2028. Emerging trends that would shape the market
demand in the years to come have been highlighted in this report. A competitive
analysis in each of the geographical segments gives an insight into market
share of the global players.
Salient Features:
Ø
This study
offers comprehensive yet detailed analysis of industrial hemp market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains
upcoming revenue opportunities across various market segments and attractive
matrix of investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market
opportunities, restraints, drivers, launch of new products, competitive market
strategies of leading market players, emerging market trends, and regional
outlook
Ø
Profiling of
key market players in the market of industrial hemp is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as HempFlax BV, South
Hemp Tecno, Hemp Oil Canada, BAFA, Hemp Poland
and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for industrial hemp caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for the
market. The research also caters to the rising needs of
consulting and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies has been taken into consideration before coming to
a conclusion.
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the industrial hemp market
v
Identification
of key factors driving investment opportunities in the industrial hemp market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants