In 2019, the global Hemp market size was US$ 1533.2 million and it is expected to reach US$ 6666.3 million by the end of 2026, with a CAGR of 23.1% during 2021-2026.
Hemp, or industrial hemp, typically found in the northern hemisphere, is a variety of the Cannabis sativa plant species that is grown specifically for the industrial uses of its derived products. It is one of the fastest growing plants and was one of the first plants to be spun into usable fiber 10,000 years ago.
The global average price of Hemp is in the increasing trend, from 16.13 USD/Unit in 2013 to 19.75 USD/Unit in 2017. With the situation of global economy, prices will be in increasing trend in the following five years.
Increasing beneficial use of industrial hemp products in paper, textiles, biodegradable plastics, fuel, construction and health food is expected to provide countless growth possibilities in the years ahead.
The report classifies the hemp market based on, hemp seeds, hemp oil, hemp Protein and soft gel. Due to the increasing demand for hemp grain to acquire seed oil, the seeds segment dominates the industry with the largest share of 50.90 per cent in 2018.
FACTORS DRIVING THE MARKET
REGION WISE MARKET ANALYSIS
SEGMENTS AND CLASSIFICATION
The overall hemp market is classified into three sections based on product, end-user and region.
1) Segments in Global Hemp Market Based on Product
2) Segments in Global Hemp Market Based on End-user
3) Segments in Global Hemp Market Based on Region
FEATURED COMPANY
Some of the major players in the hemp market discussed in this report are,
WHAT THE REPORT HAS TO OFFER
This study analyzes Hemp's worldwide market size in important areas such as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, focusing on Hemp production. This report analyzes the top players/brands, area, type and end customer categorizes of the worldwide Hemp market. This study also looks at the worldwide market status of Hemp, competitive landscape, market share, growth rate, future trends, market drivers, possibilities and difficulties, marketing channels and distributors
TABLE OF CONTENT
LIST OF TABLES & FIGURES
In 2019, the global Hemp market size was US$ 1533.2 million and it is expected to reach US$ 6666.3 million by the end of 2026, with a CAGR of 23.1% during 2021-2026.
Hemp, or industrial hemp, typically found in the northern hemisphere, is a variety of the Cannabis sativa plant species that is grown specifically for the industrial uses of its derived products. It is one of the fastest growing plants and was one of the first plants to be spun into usable fiber 10,000 years ago.
The global average price of Hemp is in the increasing trend, from 16.13 USD/Unit in 2013 to 19.75 USD/Unit in 2017. With the situation of global economy, prices will be in increasing trend in the following five years.
Increasing beneficial use of industrial hemp products in paper, textiles, biodegradable plastics, fuel, construction and health food is expected to provide countless growth possibilities in the years ahead.
The report classifies the hemp market based on, hemp seeds, hemp oil, hemp Protein and soft gel. Due to the increasing demand for hemp grain to acquire seed oil, the seeds segment dominates the industry with the largest share of 50.90 per cent in 2018.
FACTORS DRIVING THE MARKET
REGION WISE MARKET ANALYSIS
SEGMENTS AND CLASSIFICATION
The overall hemp market is classified into three sections based on product, end-user and region.
1) Segments in Global Hemp Market Based on Product
2) Segments in Global Hemp Market Based on End-user
3) Segments in Global Hemp Market Based on Region
FEATURED COMPANY
Some of the major players in the hemp market discussed in this report are,
WHAT THE REPORT HAS TO OFFER
This study analyzes Hemp's worldwide market size in important areas such as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, focusing on Hemp production. This report analyzes the top players/brands, area, type and end customer categorizes of the worldwide Hemp market. This study also looks at the worldwide market status of Hemp, competitive landscape, market share, growth rate, future trends, market drivers, possibilities and difficulties, marketing channels and distributors
TABLE OF CONTENT
LIST OF TABLES & FIGURES