China Industrial Hemp Market Size & Outlook, 2022-2030
China industrial hemp market, 2018-2030 (US$M)
Related Markets
China industrial hemp market highlights
- The China industrial hemp market generated a revenue of USD 971.1 million in 2022 and is expected to reach USD 4,393.7 million by 2030.
- The China market is expected to grow at a CAGR of 20.8% from 2023 to 2030.
- In terms of segment, fiber was the largest revenue generating product in 2022.
- Seeds is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial hemp market data book summary
| Market revenue in 2022 | USD 971.1 million |
| Market revenue in 2030 | USD 4,393.7 million |
| Growth rate | 20.8% (CAGR from 2022 to 2030) |
| Largest segment | Fiber |
| Fastest growing segment | Seeds |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Seeds, Fiber, Shives |
| Key market players worldwide | Marijuana Company of America Inc, Medical Marijuana Inc, Tetra Tech Inc, American Medical Technologies Inc, Hemp Inc, Ecofibre Ltd Ordinary Shares |
Other key industry trends
- In terms of revenue, China accounted for 20.5% of the global industrial hemp market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial hemp market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,393.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Industrial Hemp Market Scope
Industrial Hemp Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China industrial hemp market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial hemp market will help companies and investors design strategic landscapes.
Fiber was the largest segment with a revenue share of 86.76% in 2022. Horizon Databook has segmented the China industrial hemp market based on seeds, fiber, shives covering the revenue growth of each sub-segment from 2018 to 2030.
China is the largest producer of industrial hemp cultivating 44,000 tons in over 20 provinces with Yunnan, Heilongjiang, Shanxi and Anhui being the largest producer. The country utilizes hemp for manufacturing of premium quality fabrics, medicines, and food products such as snacks, oils and drinks.
The country leads in manufacturing and exporting hemp textiles and related product and around 80% of hemp produced is used in textile industry. The country is primary supplier of hemp products to the United States, East and South East Asian countries and has secured over half of the 606 hemp patents recorded worldwide.
The country is expected to witness high growth on account of increasing efforts of the farmers, scientists, and government in China to revolutionize hemp industry over the forecast period.
Reasons to subscribe to China industrial hemp market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China industrial hemp market databook
-
Our clientele includes a mix of industrial hemp market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China industrial hemp market , including forecasts for subscribers. This country databook contains high-level insights into China industrial hemp market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China industrial hemp market size, by product, 2018-2030 (US$M)
China Industrial Hemp Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
