Germany Industrial Hemp Market Size & Outlook, 2022-2030
Germany industrial hemp market, 2018-2030 (US$M)
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Germany industrial hemp market highlights
- The Germany industrial hemp market generated a revenue of USD 112.4 million in 2022 and is expected to reach USD 301.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 13.1% from 2023 to 2030.
- In terms of segment, shives 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 112.4 million |
| Market revenue in 2030 | USD 301.8 million |
| Growth rate | 13.1% (CAGR from 2022 to 2030) |
| Largest segment | Shives |
| 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, Germany accounted for 2.4% 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 Europe, France industrial hemp market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 301.8 million by 2030.
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Industrial Hemp Market Scope
Industrial Hemp Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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.
Shives was the largest segment with a revenue share of 56.14% in 2022. Horizon Databook has segmented the Germany industrial hemp market based on seeds, fiber, shives covering the revenue growth of each sub-segment from 2018 to 2030.
Germany accounted for major volume and revenue share in industrial hemp market in Europe and is among the major hemp cultivators in the European Union. Hemp fibers are widely used in German automotive industry for the production of door panels, window frames, dashboards and range of auto parts, bus interiors, and aeronautic sector.
Major automotive manufacturers such as Mercedes Benz and BMW uses natural fibers including hemp in their automobiles thereby driving the demand for hemp based bio composites. Hemp bio-composites offer lightweight fiberglass alternative majorly used in automotive and aviation sector.
Furthermore, the market for ecological insulation materials in Germany offering green derivative for thermal insulation is expected to drive the market for industrial hemp over the projected period.
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Our clientele includes a mix of industrial hemp market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany industrial hemp market , including forecasts for subscribers. This country databook contains high-level insights into Germany industrial hemp market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany industrial hemp market size, by product, 2018-2030 (US$M)
Germany Industrial Hemp Market Outlook Share, 2022 & 2030 (US$M)
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