Industrial Hemp Market | Robust Growth in Global Industry Forecast

Absolute Markets Insights has announced a statistical data to its extensive repository titled Industrial Hemp market. The study comprises of different segments and sub-segments such as type, size, applications, and end-users. One of the many distinctive features of the report is it provides an analytical study of the global Industrial Hemp market based on various growth influencing factors. Primary and secondary research techniques have also been used by analysts of the report to study the market. The study also uses information on widespread global regions such as North America, Latin America, Europe, Asia-Pacific, Africa, and India in order to get a better understanding of the competitive landscape. The research report extensively focuses on market size, pricing structures, and shares. The current development patterns of various successful industries have also been mentioned in order to understand effective business strategies.

Moreover, the report also offers the entire demand-supply chain of a Industrial Hemp market to comprehend the demanding structure of the Industrial Hemp sector. In this effective and informative report, top-notch industries have been enlisted in order to provide a detailed analysis of successful strategies implemented by various companies. To get a stronger and effective business outlook different internal and external factor are mentioned. These can be attributed as market restraints and propellers.  Additionally, the report also offers insightful data to formulate best strategies for both established key players as well as for new market entrants. Furthermore, the study discusses the challenges and risks experienced by several sellers as well as buyers. Various applicable sales strategies are also included to discover the global opportunities shaping the global Industrial Hemp market.

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Global industrial hemp market is anticipated to grow at a CAGR of more than 30% over the forecast period. The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries. Automotive industry is major contributor towards growing pollution levels around the world. The Australian Department of Transport and Main Roads stated in a press release of 2017 that vehicles account for 70% of the total pollution in the country. This alarming rise in the automotive pollution from tail pipe and during manufacturing is creating demand for greener alternatives. Composites, fibres, plastics and other materials made from industrial hemp is being used to produce body parts of vehicles to reduce the carbon footprint of automotive companies. The Renew Sports Cars and Lotus Eco Elise are few examples of cars which are made from hemp-based materials as an alternative to traditional materials as it provides better strength, with less weight. Companies such as Unlimited Hemp Company, Bristol Hemp Company and others are also manufacturing hemp-based biofuels to reduce the tail pipe emissions. These greener solutions intended to reduce the environmental impact of automotive industry is propelling its share in global industrial hemp market.

Vendor Profiling: Industrial Hemp Market: BAFA Neu GmbH, Canah International, Cavac, Colorado Hemp Works, LLC, Dun Agro Hemp Group, Ecofibre, GenCanna Global USA, Inc., Hemp Inc. (Industrial Hemp Manufacturing, LLC), Hemp Oil Canada, Hemp Production Services, Hempco, Hempflax, HempFlax Group B.V.K, HemPoland, Konoplex LLC, MH medical hemp, Plains Industrial Hemp Processing Ltd. and South Hemp Tecno

Global Industrial Hemp Market: Research Scope

By Product Type

  • Cannabidiol (CBD) Hemp Oil
  • Hemp Fiber
  • Hemp Powder/Dust
  • Hemp Seed
  • Hemp Seed Oil
  • Others (Hemp Flour, Hemp Cake, Etc.)

By Application

  • Textiles
  • Automotive (Polymeric Composites, interior automotive plastic components)
    • Door panels
    • Instruments panels
    • Engine covers
    • Sun visors
    • Air filters
    • Structural Components
      • Seat backs and exterior underfloor paneling
      • Others
    • Composites & Bio composite
    • Fiberboard
    • Heat Insulating Materials
    • Building Construction (Fiber-Reinforced Concrete)
    • Sound insulation and/or sound absorption
    • Others (sporting goods or musical instruments, brake pad applications, etc.)

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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Kavita Sharma

Kavita Sharma

Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities.

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