Skip to content
Child Finder – childfinder.us

Child Finder – childfinder.us

Industrial Hemp Market Size, Opportunities for Revenue Growth, and Future Forecast

Amber Bukowski, April 23, 2024

The industrial hemp market is projected to grow at a CAGR of 34% from USD 4.6 billion in 2019 to USD 26.6 billion by 2025. The growth of this market is attributed to the increased consumption of hemp-based products due to their various health benefits and increased incidences of diseases such as epilepsy and other sleep disorders. However, the complex regulatory structure for the usage of industrial hemp in different countries is expected to hinder the market growth of industrial hemp Hapé.

Hemp fiber dominated the market for industrial hemp, by type, in terms of value, in 2018. Hemp fiber is majorly used in the textile and pulp & paper industry, due to its long and robust fibers as compared to cotton. Furthermore, being a renewable source material, its application has been increasing in many diverse industries such as construction, animal bedding, agriculture, furniture, and automobile. Additionally, its usage to obtain biofuels and bioplastics has been expected to increase its demand in the coming years.

CBD hemp oil is projected to be the fastest-growing type, owing to its role in preventing conditions such as anxiety, depression, pain, and acne. Furthermore, the growing application of CBD hemp oil in personal care products, health supplements, and food & beverages is expected to drive the market for this type.

The industrial hemp market, by application, was dominated by the food segment in 2018, owing to the wide application of hemp seeds and hemp seed oil, due to their rich vitamin, protein, and omega-3 fatty acid content. Hemp seeds are consumed raw or are being used as a topping in cereals, smoothies, and yogurt. Rising consumer awareness about the benefits of consuming hemp-based products is driving the market for its application in food.

The market for industrial hemp from a conventional source dominated in 2018. Industrial hemp is mainly cultivated for fibre for the textile and paper industry. Furthermore, low prices of conventionally obtained hemp as compared to organic source and their growing application of in construction & material, automotive, and furniture industries are expected to drive its market in the coming years.

The European region is projected to be the fastest-growing region in the industrial hemp market during the forecast period owing to growth in consumption of hemp seeds as food as well as their wide application in other food products such as smoothies, yogurt, cereals, and bars especially in countries such as Germany and the Netherlands. Furthermore, increasing legalization of industrial hemp in the European region in the coming years is expected to boost the industrial hemp market.

Opinion

Post navigation

Previous post
Next post

Leave a Reply Cancel reply

You must be logged in to post a comment.

Categories

Archives

Recent Posts

  • Top 10 Best Trivet Set Comparison

  • Military Leather Jackets Men

  • Denim Distressed Jackets Men

  • Best Hand Mixer 2012 Uk

  • Top 10 Best Thekuai Spinning Fishing Reel Comparison

  • All White Blazer Jackets Men’s

  • ChildFinder: Peelers Trailer

  • Top 10 Best Movzbl Assembly Comparison

  • Top 10 Best Att Internet Tech Support Comparison

  • North Face Bomber Jackets Men’s

  • Top 10 Best Level Wind Fishing Reels Comparison

  • Top 10 Best Trivet Wood Comparison

  • Jeans Jacket for Men

  • Top 10 Best Ryobi Blue Fishing Reel Handles Comparison

  • Down Puffer Jacket Men’s

  • Top 10 Best Amazon Trivets Comparison

  • Half-moon Straw Tote Bag

  • Urban Outfitters Bandeau

  • Adidas Dress Floral

  • Heated Toilet Seat Bidet With Remote

  • Columbia Mens Platinum 860 Turbodown Down Jacket

  • Men Bomber Jackets Black

  • Top 10 Best Power Handle Fishing Reel Comparison

  • Top 10 Best 10000 Light Weight Fishing Reels Comparison

  • Top 10 Best Fishing Reel Spinning Comparison

  • Top 10 Best What Is The Trivets In An Instant Pot? Comparison

  • Men’s Bomber Jacket Suppliers

  • Zara Trench Coat Mens

  • ChildFinder: Top 10 Best Chainsaws Stihl Parts Comparison

  • Black Bomber Jacket Fashion Men’s

©2025 Child Finder – childfinder.us | WordPress Theme by SuperbThemes