Global Hemp Based Products Market Outlook 2021: Global Opportunity and Demand Analysis, Market Forecast to 2028

The hemp-based products market is anticipated to grow at a CAGR of 15.6% over the forecast period of 20202028. Over time, the utilisation of commercial hemp has evolved into a greater variety of products, including health foods, organic body care, clothing, construction materials, biofuels, plastic composites, and more. Hemp, or Cannabis sativa, also called industrial hemp, is a plant of the family Cannabaceae cultivated for its fibre or its edible seeds. Hemp is usually confused with the cannabis plants that function as sources of the drug marijuana and, therefore, the drug preparation hashish. Hemp is a term used to describe cannabis strains with 0.3% or less THC content.The rising applications of hemp in textiles, food, clothing, etc. are expected to drive the market immensely. The growing legalisation of hemp and permissions provided to cultivate industrial hemp are expected to be the primary market drivers. Also, the rising awareness about the benefits of hemp could anticipate the market in the future.
Top Driver: Increasing Awareness of the Benefits of Hemp is Expected to Fuel the Market.
The rising benefits of hemp-based products are expected to drive the market immensely. The use of hemp in sleep disorders and epilepsy has anticipated market growth widely. The increasing applications of dietary hemp oil and hemp in other industries are also fueling market growth. Furthermore, hemp is useful in the preparation of varnishes, paints, and inks that are widely used in urban areas. Rapid urbanisation is also expected to fuel the market immensely.

Although hemp has a huge range of applications, regulatory restrictions in some areas for its cultivation may pose a threat to the market and hamper its growth.
Hemp Seeds to Contribute Highly to the Growth of the Market
Based on the product, the hemp-based product market is segmented into seeds, fiber, and shives. The seeds segment held the largest share of the market. Hemp seeds are widely used to produce food and beverages. Furthermore, the oil obtained from the seeds is useful for preparing soaps, lotions, shampoos, and other cosmetics. The oils are also used in nutritional supplements and medicinal products in the pharmaceutical industry. Hemp fibres have high strength, high absorbency, and hemicellulose in them, which is why they are widely used in the textile industry.
Based on applications, the market is segmented into textiles, furniture, food and beverages, paper, personal care, and others.

Asia Pacific is expected to drive the market extensively.
The Asia-Pacific region held the largest market share due to the presence of major key players in the region and huge investments in raw hemp, of which China is the largest cultivator and exporter. Hence, Chinas huge hemp production and exports are continuing to drive the market intensely in the forecast period. Various regions in the US have received legalised permission to use hemp and cultivate it. North America is known to heavily invest in the hemp market for its raw products.
Players to Focus on Mergers for Expansion
The global Hemp-Based Products market is expected to grow with a significant CAGR due to the presence of various companies including Emeco, Hemp Inc., Ecofibre, HempFlax BV, GenCanna, Victory Hemp Foods, Blue Sky Hemp Ventures Ltd., Canopy Growth, China Liahren Co., Limited, Eco Hemp SRL, and others, which are developing new products to drive the market growth. Companies usually work by investing in different hemp products such as oil, fibers, seeds, etc. according to the companys needs, and this produces lucrative growth opportunities for hemp producers.
In May 2019, GenCanna entered into a strategic merger with Atalo Holdings that would help them build a vertically integrated hemp processing unit in the US.
Hemp, Inc.: In January 2019, Hemp, Inc. entered into a joint venture with Hemp Healthcare that would increase the sales of its hemp-based products in the US.

Scope of the Report

By Product
Seeds
Fiber
Shives

By Application
Textiles
Furniture
Food & Beverages
Paper
Personal Care
Others

By Region
North America
Europe
Asia Pacific
Rest of the World

Key Reasons to Purchase this Report
1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders a definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.
Chapter 1 Overview And Scope
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Market Segmentation

Chapter 2 Our Research Practice
2.1 Our Research Methodology
2.2 Data Triangulation
2.3 Data Sources
2.4 Assumptions for the study
2.5 Approach Adopted

Chapter 3 Executive Summary
3.1 Market Snapshot
3.2 Regional Snapshot
3.3 Segment Summary

Chapter 4 Covid-19 Impact Analysis
4.1 Overview
4.2 Prevalence analysis
4.3 Key Factor Impact Analysis

Chapter 5 Global Hemp Based Products Market Forces
5.1 Whats Driving the Market
5.2 Porters Five Forces Analysis
5.2.1 Power of Suppliers
5.2.2 Threats From New Entrants
5.2.3 Power of Buyer
5.2.4 Threat From Substitute Product
5.2.5 Degree of Competition

Chapter 6 Global Hemp Based Products Market -Industry Snapshots
6.1 Overview
6.1.1 Global Hemp Based Products Market Value, 2019 - 2028, (US$ Bn)
6.2 Market Overview
6.2.1 Drivers Analysis
6.2.2 Restraint/Challenges analysis
6.2.3 Opportunity Analysis
6.3 Supply Chain/Value Chain Analysis
6.4 Market SWOT Analysis

Chapter 7 Global Hemp Based Products Market Analysis, by Product
7.1 Overview
7.2 Key Findings for Hemp Based Products Market- By Product
7.2.1 Hemp Based Products Market- Seeds
7.2.2 Hemp Based Products Market- Fiber
7.2.3 Hemp Based Products Market- Shives

Chapter 8 Global Hemp Based Products Market Analysis, by Application
8.1 Overview
8.2 Key Findings for Hemp Based Products Market- By Application
8.2.1 Hemp Based Products Market- Textiles
8.2.2 Hemp Based Products Market- Furniture
8.2.3 Hemp Based Products Market- Food & Beverages
8.2.4 Hemp Based Products Market- Paper
8.2.5 Hemp Based Products Market- Personal Care
8.2.6 Hemp Based Products Market- Others

Chapter 9 Hemp Based Products Market Analysis by Region
9.1 Key Findings for Hemp Based Products Market- By region
9.2 Overview
9.2.1 Global Hemp Based Products Market Analysis, By Product, 2019 - 2028
9.2.2 Global Hemp Based Products Market Analysis, By Application, 2019 - 2028
9.3 Hemp Based Products Market North America
9.3.1 Overview
9.3.2 U.S.
9.3.3 Canada
9.3.4 Mexico
9.3.5 North America Market, By Product
9.3.6 North America Market, By Application
9.4 Hemp Based Products Market Europe
9.4.1 Overview
9.4.2 Germany
9.4.3 United Kingdom
9.4.4 France
9.4.5 Italy
9.4.6 Rest Of Europe
9.4.7 Europe Market, By Product
9.4.8 Europe Market, By Application
9.5 Hemp Based Products Market Asia Pacific
9.5.1 Overview
9.5.2 China
9.5.3 Japan
9.5.4 India
9.5.5 Rest of APAC
9.5.6 Asia Pacific Market, By Product
9.5.7 Asia Pacific Market, By Application
9.6 Hemp Based Products Market Rest Of World
9.6.1 Overview
9.6.2 Middle East & Africa (MEA)
9.6.3 South America
9.6.4 Rest Of World
9.6.5 South America, Middle East and Africa Market, By Product
9.6.6 South America, Middle East and Africa Market, By Application

Chapter 10 Market Competition Analysis
10.1 Market Share/Positioning Analysis
10.1.1 Market Positioning of Key Vendors, 2019
10.1.2 Key Strategies Adopted by the Leading Players
10.1.3 Recent Developments

Chapter 11 Company Profiles- Snapshot
11.1 Hempco
11.1.1 Business Fundamentals
11.1.2 Financial Snapshots
11.1.3 Product Portfolio
11.1.4 Recent Developments
11.2 Hemp Inc.
11.3 Ecofibre
11.4 HempFlax BV
11.5 GenCanna
11.6 Victory Hemp Foods
11.7 Blue Sky Hemp Ventures Ltd.
11.8 Canopy Growth
11.9 CHINA LIAHREN CO.,LIMITED
11.10 Eco Hemp SRL
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies

Chapter 12 Appendix

List Of Tables

TABLE 1 Hemp Based Products market by Product 1, 2019 - 2028 (USD Million)
TABLE 2 Hemp Based Products market by Product 2, 2019 - 2028 (USD Million)
TABLE 3 Hemp Based Products market by Product 3, 2019 - 2028 (USD Million)
TABLE 4 Hemp Based Products market by Application 1, 2019 - 2028 (USD Million)
TABLE 5 Hemp Based Products market by Application 2, 2019 - 2028 (USD Million)
TABLE 6 Hemp Based Products market by Application 3, 2019 - 2028 (USD Million)
TABLE 7 Hemp Based Products market by Application 4, 2019 - 2028 (USD Million)
TABLE 8 Hemp Based Products market by Application 4, 2019 - 2028 (USD Million)
TABLE 9 Hemp Based Products market by Application 4, 2019 - 2028 (USD Million)
TABLE 10 Global Hemp Based Products Market Value, By Product, 2019 - 2028 (US$ Bn)
TABLE 11 Global Hemp Based Products Market Value, By Application, 2019 - 2028 (US$ Bn)
TABLE 12 Hemp Based Products Market Analysis by North America (USD Million), 2019 - 2028
TABLE 13 U.S. Hemp Based Products Market, 2019 - 2028 (USD Million)
TABLE 14 U.S. Hemp Based Products Market, By Product, 2019 - 2028 (USD Million)
TABLE 15 U.S. Hemp Based Products Market, By Application, 2019 - 2028 (USD Million)
TABLE 16 Canada Hemp Based Products Market, 2019 - 2028 (USD Million)
TABLE 17 Canada Hemp Based Products Market, By Product, 2019 - 2028 (USD Million)
TABLE 18 Canada Hemp Based Products Market, By Application, 2019 - 2028 (USD Million)
TABLE 19 Mexico Hemp Based Products Market, 2019 - 2028 (USD Million)
TABLE 20 Mexico Hemp Based Products Market, By Product, 2019 - 2028 (USD Million)
TABLE 21 Mexico Hemp Based Products Market, By Application, 2019 - 2028 (USD Million)
TABLE 22 Hemp Based Products Market Analysis by Europe (USD Million), 2019 - 2028
TABLE 23 Germany Hemp Based Products Market, 2019 - 2028 (USD Million)
TABLE 24 Germany Hemp Based Products Market, By Product, 2019 - 2028 (USD Million)
TABLE 25 Germany Hemp Based Products Market, By Application, 2019 - 2028 (USD Million)
TABLE 26 United Kingdom Hemp Based Products Market, 2019 - 2028 (USD Million)
TABLE 27 United Kingdom Hemp Based Products Market, By Product, 2019 - 2028 (USD Million)
TABLE 28 United Kingdom Hemp Based Products Market, By Application, 2019 - 2028 (USD Million)
TABLE 29 France Hemp Based Products Market, 2019 - 2028 (USD Million)
TABLE 30 France Hemp Based Products Market, By Product, 2019 - 2028 (USD Million)
TABLE 31 France Hemp Based Products Market, By Application, 2019 - 2028 (USD Million)
TABLE 32 Italy Hemp Based Products Market, 2019 - 2028 (USD Million)
TABLE 33 Italy Hemp Based Products Market, By Product, 2019 - 2028 (USD Million)
TABLE 34 Italy Hemp Based Products Market, By Application, 2019 - 2028 (USD Million)
TABLE 35 Rest Of Europe Hemp Based Products Market, 2019 - 2028 (USD Million)
TABLE 36 Rest Of Europe Hemp Based Products Market, By Product, 2019 - 2028 (USD Million)
TABLE 37 Rest Of Europe Hemp Based Products Market, By Application, 2019 - 2028 (USD Million)
TABLE 38 Hemp Based Products Market Analysis by Asia Pacific (USD Million), 2019 - 2028
TABLE 39 China Hemp Based Products Market, 2019 - 2028 (USD Million)
TABLE 40 China Hemp Based Products Market, By Product, 2019 - 2028 (USD Million)
TABLE 41 China Hemp Based Products Market, By Application, 2019 - 2028 (USD Million)
TABLE 42 Japan Hemp Based Products Market, 2019 - 2028 (USD Million)
TABLE 43 Japan Hemp Based Products Market, By Product, 2019 - 2028 (USD Million)
TABLE 44 Japan Hemp Based Products Market, By Application, 2019 - 2028 (USD Million)
TABLE 45 India Hemp Based Products Market, 2019 - 2028 (USD Million)
TABLE 46 India Hemp Based Products Market, By Product, 2019 - 2028 (USD Million)
TABLE 47 India Hemp Based Products Market, By Application, 2019 - 2028 (USD Million)
TABLE 48 Rest of APAC Hemp Based Products Market, 2019 - 2028 (USD Million)
TABLE 49 Rest of APAC Hemp Based Products Market, By Product, 2019 - 2028 (USD Million)
TABLE 50 Rest of APAC Hemp Based Products Market, By Application, 2019 - 2028 (USD Million)
TABLE 51 Hemp Based Products Market Analysis by Rest Of World (USD Million), 2019 - 2028
TABLE 52 Middle East & Africa (MEA) Hemp Based Products Market, 2019 - 2028 (USD Million)
TABLE 53 Middle East & Africa (MEA) Hemp Based Products Market, By Product, 2019 - 2028 (USD Million)
TABLE 54 Middle East & Africa (MEA) Hemp Based Products Market, By Application, 2019 - 2028 (USD Million)
TABLE 55 South America Hemp Based Products Market, 2019 - 2028 (USD Million)
TABLE 56 South America Hemp Based Products Market, By Product, 2019 - 2028 (USD Million)
TABLE 57 South America Hemp Based Products Market, By Application, 2019 - 2028 (USD Million)
TABLE 58 Rest Of World Hemp Based Products Market, 2019 - 2028 (USD Million)
TABLE 59 Rest Of World Hemp Based Products Market, By Product, 2019 - 2028 (USD Million)
TABLE 60 Rest Of World Hemp Based Products Market, By Application, 2019 - 2028 (USD Million)

List Of Figures

FIG. 1 Global Hemp Based Products: Market Segmentation
FIG. 2 Global Hemp Based Products Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Market Snapshot
FIG. 5 Porters Five Forces Analysis
FIG. 6 Global Hemp Based Products Market Value, 2019 - 2028, (US$ Bn)
FIG. 7 Supply Chain/Value Chain Analysis
FIG. 8 Global Hemp Based Products Market Value Contribution, By Product, 2019 & 2026 (%)
FIG. 9 Global Hemp Based Products Market Value Contribution, By Application, 2019 & 2026 (%)
FIG. 10 Global Hemp Based Products Market Value, 2019 - 2028, (US$ Bn)
FIG. 11 North America Hemp Based Products Market Value, 2019 - 2028, (US$ Bn)
FIG. 12 Hemp Based Products Market Segment 1 North America
FIG. 13 Hemp Based Products Market Segment 2 North America
FIG. 14 Hemp Based Products U.S. outlook, 2019 & 2026
FIG. 15 Hemp Based Products Canada outlook, 2019 & 2026
FIG. 16 Hemp Based Products Mexico outlook, 2019 & 2026
FIG. 17 Europe Hemp Based Products Market Value, 2019 - 2028, (US$ Bn)
FIG. 18 Hemp Based Products Market Segment 1 Europe
FIG. 19 Hemp Based Products Market Segment 2 Europe
FIG. 20 Hemp Based Products Germany outlook, 2019 & 2026
FIG. 21 Hemp Based Products United Kingdom outlook, 2019 & 2026
FIG. 22 Hemp Based Products France outlook, 2019 & 2026
FIG. 23 Hemp Based Products Italy outlook, 2019 & 2026
FIG. 24 Hemp Based Products Rest Of Europe outlook, 2019 & 2026
FIG. 25 Asia Pacific Hemp Based Products Market Value, 2019 - 2028, (US$ Bn)
FIG. 26 Hemp Based Products Market Segment 1 Asia Pacific
FIG. 27 Hemp Based Products Market Segment 2 Asia Pacific
FIG. 28 Hemp Based Products China outlook, 2019 & 2026
FIG. 29 Hemp Based Products Japan outlook, 2019 & 2026
FIG. 30 Hemp Based Products India outlook, 2019 & 2026
FIG. 31 Hemp Based Products Rest of APAC outlook, 2019 & 2026
FIG. 32 Rest Of World Hemp Based Products Market Value, 2019 - 2028, (US$ Bn)
FIG. 33 Hemp Based Products Market Segment 1 Rest Of World
FIG. 34 Hemp Based Products Market Segment 2 Rest Of World
FIG. 35 Hemp Based Products Middle East & Africa (MEA) outlook, 2019 & 2026
FIG. 36 Hemp Based Products South America outlook, 2019 & 2026
FIG. 37 Hemp Based Products Rest Of World outlook, 2019 & 2026

Companies Mentioned

Hempco
Hemp Inc.
Ecofibre
HempFlax BV
GenCanna
Victory Hemp Foods
Blue Sky Hemp Ventures Ltd.
Canopy Growth
CHINA LIAHREN CO.,LIMITED
Eco Hemp SRL


Global Endocrine Function Market

This new report from provides analysis of the endocrine function diagnostics market, including emerging tests, technologies, instrumentation, sales forecasts, market shares and strategic profiles of leading suppliers.The report is

USD 14500 View Report

Global Coagulation Market Analysis

2022 Global Coagulation Market AnalysisLeading and Emerging Supplier Sales, Shares and Instrument Installed Base by Geographic Region This new report from provides granular data and analysis not available from

USD 4500 View Report

Global Hemp Oil Market Outlook 2021: Global Opportunity and Demand Analysis, Market Forecast, 2022-2030

The hemp oil market is anticipated to grow at a value CAGR of 35.1% over 20202028. According to a study published by Insure Insights on the Hemp Oil Market, hemp

USD 3950 View Report

2020 Global Hemp Protein Market, Size, Share, Outlook and Growth Opportunities, Forecast to 2026

Hemp Protein market is likely to witness a stable growth rate over the forecast period driven by growing demand from emerging markets. Increasing family disposable incomes coupled with strengthening buyer

USD 4580 View Report

Fill The Form For Sample Request

Note : * Kindly provide us with your company id and get the sample reports at the earliest.

There is no Reviews available