Industrial Hemp Market Size, Share & Trends Report

Industrial Hemp Market Size, Share & Trends Analysis Report By Application (Animal Care, Textiles, Food & Beverages), By Product (Seeds, Fiber, Shivs), By Region (North America, Asia Pacific), And Segment Forecasts, 2024 - 2030

Report ID: GVR-2-68038-389-8
Number of Report Pages: 143
Format: PDF, Horizon Databook

Historical Range: 2018 - 2023
Forecast Period: 2024 - 2030
Industry: Advanced Materials

Market Segmentation

Industrial Hemp Product Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
- Seeds
- Fiber
- Shivs
Industrial Hemp Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
- Animal Care
- Textiles
- Automotive
- Furniture
- Food & Beverages
- Paper
- Construction Materials
- Personal care
- Other
Industrial Hemp Market Source Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)
- Conventional
- Organic
Industrial Hemp Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
- North America
  - North America Industrial Hemp Market, By Product
    - Seeds
    - Fiber
    - Shivs
  - North America Industrial Hemp Market, By Source
    - Conventional
    - Organic
  - North America Industrial Hemp Market, By Application
    - Animal Care
    - Textiles
    - Automotive
    - Furniture
    - Food & Beverages
    - Paper
    - Construction Materials
    - Personal care
    - Other
  - U.S.
    - U.S. Industrial Hemp Market, By Product
      - Seeds
      - Fiber
      - Shivs
    - U.S. Industrial Hemp Market, By Source
      - Conventional
      - Organic
    - U.S. Industrial Hemp Market, By Application
      - Animal Care
      - Textiles
      - Automotive
      - Furniture
      - Food & Beverages
      - Paper
      - Construction Materials
      - Personal care
      - Other
  - Mexico
    - Mexico Industrial Hemp Market, By Product
      - Seeds
      - Fiber
      - Shivs
    - Mexico Industrial Hemp Market, By Source
      - Conventional
      - Organic
    - Mexico Industrial Hemp Market, By Application
      - Animal Care
      - Textiles
      - Automotive
      - Furniture
      - Food & Beverages
      - Paper
      - Construction Materials
      - Personal care
      - Other
  - Canada
    - Canada Industrial Hemp Market, By Product
      - Seeds
      - Fiber
      - Shivs
    - Canada Industrial Hemp Market, By Source
      - Conventional
      - Organic
    - Canada Industrial Hemp Market, By Application
      - Animal Care
      - Textiles
      - Automotive
      - Furniture
      - Food & Beverages
      - Paper
      - Construction Materials
      - Personal care
      - Other
- Europe
  - Europe Industrial Hemp Market, By Product
    - Seeds
    - Fiber
    - Shivs
  - Europe Industrial Hemp Market, By Source
    - Conventional
    - Organic
  - Europe Industrial Hemp Market, By Application
    - Animal Care
    - Textiles
    - Automotive
    - Furniture
    - Food & Beverages
    - Paper
    - Construction Materials
    - Personal care
    - Other
  - UK
    - UK Industrial Hemp Market, By Product
      - Seeds
      - Fiber
      - Shivs
    - UK Industrial Hemp Market, By Source
      - Conventional
      - Organic
    - UK Industrial Hemp Market, By Application
      - Animal Care
      - Textiles
      - Automotive
      - Furniture
      - Food & Beverages
      - Paper
      - Construction Materials
      - Personal care
      - Other
  - Germany
    - Germany Industrial Hemp Market, By Product
      - Seeds
      - Fiber
      - Shivs
    - Germany Industrial Hemp Market, By Source
      - Conventional
      - Organic
    - Germany Industrial Hemp Market, By Application
      - Animal Care
      - Textiles
      - Automotive
      - Furniture
      - Food & Beverages
      - Paper
      - Construction Materials
      - Personal care
      - Other
  - France
    - France Industrial Hemp Market, By Product
      - Seeds
      - Fiber
      - Shivs
    - France Industrial Hemp Market, By Source
      - Conventional
      - Organic
    - France Industrial Hemp Market, By Application
      - Animal Care
      - Textiles
      - Automotive
      - Furniture
      - Food & Beverages
      - Paper
      - Construction Materials
      - Personal care
      - Other
  - Italy
    - Italy Industrial Hemp Market, By Product
      - Seeds
      - Fiber
      - Shivs
    - Italy Industrial Hemp Market, By Source
      - Conventional
      - Organic
    - Italy Industrial Hemp Market, By Application
      - Animal Care
      - Textiles
      - Automotive
      - Furniture
      - Food & Beverages
      - Paper
      - Construction Materials
      - Personal care
      - Other
  - The Netherlands
    - The Netherlands Industrial Hemp Market, By Product
      - Seeds
      - Fiber
      - Shivs
    - The Netherlands Industrial Hemp Market, By Source
      - Conventional
      - Organic
    - The Netherlands Industrial Hemp Market, By Application
      - Animal Care
      - Textiles
      - Automotive
      - Furniture
      - Food & Beverages
      - Paper
      - Construction Materials
      - Personal care
      - Other
  - Spain
    - Spain Industrial Hemp Market, By Product
      - Seeds
      - Fiber
      - Shivs
    - Spain Industrial Hemp Market, By Source
      - Conventional
      - Organic
    - Spain Industrial Hemp Market, By Application
      - Animal Care
      - Textiles
      - Automotive
      - Furniture
      - Food & Beverages
      - Paper
      - Construction Materials
      - Personal care
      - Other
- Asia Pacific
  - Asia Pacific Industrial Hemp Market, By Product
    - Seeds
    - Fiber
    - Shivs
  - Asia Pacific Industrial Hemp Market, By Source
    - Conventional
    - Organic
  - Asia Pacific Industrial Hemp Market, By Application
    - Animal Care
    - Textiles
    - Automotive
    - Furniture
    - Food & Beverages
    - Paper
    - Construction Materials
    - Personal care
    - Other
  - China
    - China Industrial Hemp Market, By Product
      - Seeds
      - Fiber
      - Shivs
    - China Industrial Hemp Market, By Source
      - Conventional
      - Organic
    - China Industrial Hemp Market, By Application
      - Animal Care
      - Textiles
      - Automotive
      - Furniture
      - Food & Beverages
      - Paper
      - Construction Materials
      - Personal care
      - Other
  - India
    - India Industrial Hemp Market, By Product
      - Seeds
      - Fiber
      - Shivs
    - India Industrial Hemp Market, By Source
      - Conventional
      - Organic
    - India Industrial Hemp Market, By Application
      - Animal Care
      - Textiles
      - Automotive
      - Furniture
      - Food & Beverages
      - Paper
      - Construction Materials
      - Personal care
      - Other
  - Japan
    - Japan Industrial Hemp Market, By Product
      - Seeds
      - Fiber
      - Shivs
    - Japan Industrial Hemp Market, By Source
      - Conventional
      - Organic
    - Japan Industrial Hemp Market, By Application
      - Animal Care
      - Textiles
      - Automotive
      - Furniture
      - Food & Beverages
      - Paper
      - Construction Materials
      - Personal care
      - Other
  - Australia
    - Australia Industrial Hemp Market, By Product
      - Seeds
      - Fiber
      - Shivs
    - Australia Industrial Hemp Market, By Source
      - Conventional
      - Organic
    - Australia Industrial Hemp Market, By Application
      - Animal Care
      - Textiles
      - Automotive
      - Furniture
      - Food & Beverages
      - Paper
      - Construction Materials
      - Personal care
      - Other
  - New Zealand
    - New Zealand Industrial Hemp Market, By Product
      - Seeds
      - Fiber
      - Shivs
    - New Zealand Industrial Hemp Market, By Source
      - Conventional
      - Organic
    - New Zealand Industrial Hemp Market, By Application
      - Animal Care
      - Textiles
      - Automotive
      - Furniture
      - Food & Beverages
      - Paper
      - Construction Materials
      - Personal care
      - Other
- Central & South America
  - Central & South America Industrial Hemp Market, By Product
    - Seeds
    - Fiber
    - Shivs
  - Central & South America Industrial Hemp Market, By Source
    - Conventional
    - Organic
  - Central & South America Industrial Hemp Market, By Application
    - Animal Care
    - Textiles
    - Automotive
    - Furniture
    - Food & Beverages
    - Paper
    - Construction Materials
    - Personal care
    - Other
  - Brazil
    - Brazil Industrial Hemp Market, By Product
      - Seeds
      - Fiber
      - Shivs
    - Brazil Industrial Hemp Market, By Source
      - Conventional
      - Organic
    - Brazil Industrial Hemp Market, By Application
      - Animal Care
      - Textiles
      - Automotive
      - Furniture
      - Food & Beverages
      - Paper
      - Construction Materials
      - Personal care
      - Other
- Middle East & Africa
  - Middle East & Africa Industrial Hemp Market, By Product
    - Seeds
    - Fiber
    - Shivs
  - Middle East & Africa Industrial Hemp Market, By Source
    - Conventional
    - Organic
  - Middle East & Africa Industrial Hemp Market, By Application
    - Animal Care
    - Textiles
    - Automotive
    - Furniture
    - Food & Beverages
    - Paper
    - Construction Materials
    - Personal care
    - Other

Industrial Hemp Market Dynamics

Drivers: Rising Demand In Application Industries

The global hemp market is driven by the rising demand from industries such as agriculture, textiles, personal care, recycling, automotive, furniture, food & beverage, paper, and construction materials. Growing demand for hemp products including fiber, seed, stalks, hurds, and oils from the application above industries is expected to drive the market over the forecast period.

Hemp fibers are used in fabrics and textiles, yarns and spun fibers, paper, home furnishing, carpeting, construction and insulation materials, auto parts, and composites. Hemp hurd obtained from hemp stalks is used in animal bedding, paper, and oil absorbents. Hemp oil is used in shampoos, soaps, lotions, bath gels, and other cosmetics. Hemp-based personal care products are expected to drive market growth over the forecast period because of hemp oil's high and favorably balanced essential fatty acid content, making it an ideal ingredient for body care products. Hemp oil treats many skin conditions such as acne, psoriasis, and eczema. According to California-based Hemp Industries Association (HIA), USD 147 million worth of hemp-based personal care products were distributed in the U.S. in 2015 and are expected to remain a vital part of the overall market growth over the forecast period.

Hemp is also used in medicinal and therapeutic products and nutritional supplements, including pharmaceuticals. The high dietary values and beneficial fatty acid and protein profile of hemp drive the demand for hemp products in the market. Hemp oil contains fatty acids with a 3:1 ratio of omega-6 and omega-3 acids. Hemp oil contains about 80% of the essential fatty acids, including linoleic acid, omega-3, omega-6, and alpha-linoleic acid, which the body requires to build healthy cells and maintain brain and nerve function.

In comparison with other bast fibers such as kenaf, flax, jute, or ramie, hemp fiber has excellent length, durability, strength, absorbency, anti-mildew, and anti-microbial properties. The high absorbency of hemp fiber benefits oil and gas cleanup, livestock bedding, and personal hygiene market. Industrial hemp's high tensile strength, strength-to-weight ratio, and flexural strength offer desired benefits in bio-composites for automotive parts, fiberboard, aerospace, and packaging. Furthermore, the demand for hemp from the textile, paper, and building materials markets is growing due to its favorable acoustic and aesthetic properties.

Agricultural And Environmental Benefits Associated With Hemp Cultivation

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 agricultural land use. It is helpful in carbon sequestration as it yields a large amount of biomass along with providing a valuable break in crop rotation. Hemp can be grown in various soil types and climatic conditions. In addition, the crop grows in very tightly-spaced areas, enabling more profits for farmers with small lands. The crop is naturally weed-suppressing and disease-free and, thus, can be cultivated without the need for most pesticides, herbicides, or fungicides, which protects the soil from the hazardous effects of these chemicals. Because of its resiliency, it is used as a natural method to clean up soil pollution using phytoremediation, which is used to extract toxins and pollutants from the groundwater and soil harmlessly. In addition to the direct benefits of hemp in reducing the environmental impact of crop production, the products manufactured from hemp are eco-friendly, renewable, and associated with less harmful preparation methods. For instance, paper produced from hemp fiber requires less chemicals for processing than paper made from wood pulps.

Restraints: Stringent Government Regulations

Industrial hemp is a highly regulated crop worldwide; licenses from different country and state authorities are required to grow, process, distribute, and use hemp products. Acts such as the Industrial Hemp Regulatory Act, Controlled Substances Act of 1970, Agricultural Act of 2014, 2014 Farm Bill, and Industrial Hemp Act 2017 control industrial hemp production, possession, sale, transportation, and delivery.

Industrial hemp production in the U.S. faces additional obstacles from strict governmental drug policies and concerns about the impact of industrial hemp on the illegal marijuana market. Only varieties of industrial hemp named in the list of approved cultivars published by Health Canada are approved for planting in Canada. These varieties are known to produce plants containing less than 0.3% THC under normal conditions. Furthermore, the Canadian government only gives licenses to grow industrial hemp for grains or fibers for one calendar year for crops of four hectares or more, and if cultivating for pedigreed seed, not less than one hectare. Finola, CFX-2, X 59, CRS-1, and CFX-1 are the most common approved varieties being contracted and grown in Canada.

Important hemp-producing countries include China, Hungary, Romania, Poland, France, and Italy. Canada, the UK, and Germany resumed commercial production in the 1990s. The UK produces hemp mainly for its use in horse bedding; however, companies in Canada, the UK, the U.S., and Germany, among many others, are processing hemp seed into a growing range of food products and cosmetics. Although these countries are producing and consuming significant amounts of hemp while liberalizing regulations, they are also promoting the consumption of alternative fibers such as kenaf, flax, chia, and jute, which are legal across the world and have characteristics similar to that of hemp fibers, thereby restricting market growth.

What Does This Report Include?

This section will provide insights into the contents included in this industrial hemp market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Industrial hemp market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Industrial hemp market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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