The global market for industrial hemp is estimated to be valued at USD 11.03 billion in 2024 and is projected to reach USD 30.24 billion by 2029, at a CAGR of 22.4% during the forecast period. Adopting AI in industrial hemp production is changing the industry: as all stages of cultivation, processing, and product development are experiencing increased productivity and efficiency. AI-based precision agriculture tools allow farmers to optimize water use, soil quality, and pest control, raising yields and saving resources. Data analytics powered by AI also helps to identify the best varieties to produce fibers, oils, and CBD based on demand in the market and climatic conditions. Processing becomes more automated and better controlled with AI technologies that provide consistent quality products with little waste. Such progress drives cost efficiency and innovation that places AI as an important facilitator of the industrial hemp industry's growth.
Disruption in the industrial hemp market: The industrial hemp market is experiencing disruptions that are driving growth, fueled by advancements in technology, sustainability initiatives, and increasing demand for versatile hemp-based products. These disruptions are enabling improved efficiency, innovation, and market expansion. Some of the key disruptions in the industrial hemp market include:
• Technological Advancements: Adoption of AI, precision agriculture, and automation is enhancing hemp cultivation, improving yields, and reducing production costs.
• Sustainability Focus: Rising demand for eco-friendly alternatives, such as hemp-based textiles, bioplastics, and construction materials, is positioning hemp as a key solution for sustainable industries.
• Expanding Product Applications: Innovations in hemp-based products, including CBD, plant-based proteins, and industrial materials, are driving diversification and increasing consumer demand across multiple sectors.
“The food & beverages segment holds the significant market share in the application segment of industrial hemp market.”
The food and beverages segment holds a significant market share in the industrial hemp market, driven by increasing consumer demand for plant-based, nutrient-rich products. Hemp seeds and hemp-derived ingredients, such as protein powder and oil, are gaining popularity due to their high nutritional value, including essential fatty acids, protein, and vitamins. Increased interest in health, wellness, and sustainable diets is fast-tracking the adoption of hemp-based food and beverages such as snacks, dairy alternatives, and functional drinks. More product innovation and growing awareness of the benefits of hemp further place this segment in the category of drivers of market growth.
“The CBD hemp oil segment is projected grow at highest rate in the type segment during the forecast period.”
CBD hemp oil is growing at highest rate industrial hemp market, because it is highly consumed in the wellness and healthcare sectors. In recent times, due to a rising demand for natural remedies, CBD oil has gained importance and is sought after for potential applications related to stress, anxiety, pain, and inflammation. The growing list of CBD-infused products-from oils and tinctures to edibles and cosmetics-is driving market expansion. Other benefits that are accelerating its use and solidifying it at the top of the products in the industrial hemp sector include the growing research bodies that support CBD as an industrial hemp therapeutic property along with regulatory advancements in main markets.
North America is expected to hold second highest share in the industrial hemp market.
North America is expected to hold a significant share of the industrial hemp market, driven by favorable regulatory changes, growing consumer demand for hemp-based products, and advancements in cultivation and processing technologies. The legalization of hemp in the United States under the 2018 Farm Bill has opened up opportunities for increased production, while Canada has been a pioneer in hemp cultivation and product development. The expanding applications of hemp in various industries, including food and beverages, wellness, and textiles, combined with increasing investments in research and development, position North America as a key region driving market growth.
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the industrial hemp market:
• By Company Type: Tier 1 – 25%, Tier 2 – 45%, and Tier 3 – 30%
• By Designation: Directors– 20%, Managers – 50%, Others- 30%
• By Region: North America – 25%, Europe – 30%, Asia Pacific – 20%, South America – 15% and Rest of the World –10%
Prominent companies in the market include Curaleaf Holdings, Inc. (US), Green Thumb Industries (US), Canopy Gowth Corporation (Canada), AURORA CANNABIS INC. (Canada), The Cronos Group (Canada), Ecofibre Ltd (Australia), HempFlax Group B.V. (Netherlands, Dun Agro Hemp Group (Netherlands), Fresh Hemp Foods Ltd. (Canada), GenCanna (US), Konoplex Group (Russia), Canah International (Netherlands), MH Medical Hemp GmbH (Germany), Liaoning Qiaopai Biotech Co., Ltd. (China), and IND HEMP (US).
Other players include South Hemp Tecno (Italy), HemPoland (Poland), Colorado Hemp Works, INC (US), BOMBAY HEMP COMPANY PVT. LTD. (India), Parkland Industrial Hemp Growers Coop Ltd. (Canada), American Hemp LLC (US), Hemp Foundation (India), Blue Sky Hemp Ventures Ltd. (Canada), Valley Bio Limited (Canada), and East Mesa Inc. (US).
Research Coverage:
This research report categorizes the industrial hemp market by type (hemp seed, hemp seed oil, cbd hemp oil, hemp bast, and hemp hurd), source (conventional, organic), application (food & beverages, animal nutrition, textiles, paper, pharmaceuticals, personal care products, construction materials, biofuel, and other applications), seed type/sources for biofuel, and region (North America, Europe, Asia Pacific, South America, and Rest of the World). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of industrial hemp market. A detailed analysis of the key industry players has been done to provide insights into their business overview, services, key strategies, contracts, partnerships, agreements, new service launches, mergers and acquisitions, and recent developments associated with the industrial hemp market. Competitive analysis of upcoming startups in the industrial hemp market ecosystem is covered in this report. Furthermore, industry-specific trends such as technology analysis, ecosystem and market mapping, patent, regulatory landscape, among others, are also covered in the study.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall industrial hemp and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (increasing legalization of industrial hemp), restraints (complex regulatory structure for use of industrial hemp), opportunities (development of new industrial hemp-based products) and challenges (lack of processing facilities and harvesting equipment) influencing the growth of the industrial hemp market.
• New product launch/Innovation: Detailed insights on research & development activities and new product launches in the industrial hemp market.
• Market Development: Comprehensive information about lucrative markets – the report analyzes the industrial hemp market across varied regions.
• Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the industrial hemp market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, brand/product comparison, and product foot prints of leading players such as Curaleaf Holdings, Inc. (US), Green Thumb Industries (US), Canopy Gowth Corporation (Canada), AURORA CANNABIS INC. (Canada), The Cronos Group (Canada), Ecofibre Ltd (Australia), HempFlax Group B.V. (Netherlands, Dun Agro Hemp Group (Netherlands), and other players in the industrial hemp market.
圖表清單 List of Tables & Figures
TABLE 1 INDUSTRIAL HEMP MARKET: INCLUSIONS & EXCLUSIONS 27
TABLE 2 USD EXCHANGE RATES CONSIDERED, 2019–2023 30
TABLE 3 INDUSTRIAL HEMP MARKET SNAPSHOT, 2024 VS. 2029 41
TABLE 4 US STATUTES AND PUBLIC ACTS ON INDUSTRIAL HEMP RESEARCH
AND CULTIVATION 55
TABLE 5 EXPORT VALUE OF HS CODE 530210, BY KEY COUNTRY,
2019–2023 (USD THOUSAND) 72
TABLE 6 IMPORT VALUE OF HS CODE 530210, BY KEY COUNTRY,
2019–2023 (USD THOUSAND) 73
TABLE 7 AVERAGE SELLING PRICE (ASP) TREND OF KEY PLAYERS, BY TYPE, 2023 (USD/KG) 75
TABLE 8 AVERAGE SELLING PRICE (ASP) TREND OF INDUSTRIAL HEMP,
BY TYPE, 2019–2023 (USD/KG) 76
TABLE 9 HEMP SEED: AVERAGE SELLING PRICE (ASP) TREND,
BY REGION, 2019–2023 (USD/KG) 77
TABLE 10 HEMP SEED OIL: AVERAGE SELLING PRICE (ASP) TREND,
BY REGION, 2019–2023 (USD/KG) 78
TABLE 11 CBD HEMP OIL: AVERAGE SELLING PRICE (ASP) TREND,
BY REGION, 2019–2023 (USD/KG) 79
TABLE 12 HEMP BAST: AVERAGE SELLING PRICE (ASP) TREND,
BY REGION, 2019–2023 (USD/KG) 80
TABLE 13 HEMP HURD: AVERAGE SELLING PRICE (ASP) TREND,
BY REGION, 2019–2023 (USD/KG) 81
TABLE 14 INDUSTRIAL HEMP MARKET: ECOSYSTEM 83
TABLE 15 KEY PATENTS PERTAINING TO INDUSTRIAL HEMP MARKET, 2014–2024 86
TABLE 16 INDUSTRIAL HEMP MARKET: DETAILED LIST OF CONFERENCES
AND EVENTS, 2024–2025 90
TABLE 17 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 91
TABLE 18 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 92
TABLE 19 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 92
TABLE 20 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 93
TABLE 21 AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 93
TABLE 22 PORTER’S FIVE FORCES IMPACT ON INDUSTRIAL HEMP MARKET 100
TABLE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
FOR TOP THREE APPLICATIONS 103
TABLE 24 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 103
TABLE 25 INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 110
TABLE 26 INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 111
TABLE 27 INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (KT) 111
TABLE 28 INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (KT) 111
TABLE 29 INDUSTRIAL HEMP SEED MARKET, BY REGION, 2019–2023 (MILLION) 113
TABLE 30 INDUSTRIAL HEMP SEED MARKET, BY REGION, 2024–2029 (MILLION) 113
TABLE 31 INDUSTRIAL HEMP SEED MARKET, BY REGION, 2019–2023 (KT) 113
TABLE 32 INDUSTRIAL HEMP SEED MARKET, BY REGION, 2024–2029 (KT) 114
TABLE 33 INDUSTRIAL HEMP SEED OIL MARKET, BY REGION, 2019–2023 (USD MILLION) 115
TABLE 34 INDUSTRIAL HEMP SEED OIL MARKET, BY REGION, 2024–2029 (USD MILLION) 115
TABLE 35 INDUSTRIAL HEMP SEED OIL MARKET, BY REGION, 2019–2023 (KT) 115
TABLE 36 INDUSTRIAL HEMP SEED OIL MARKET, BY REGION, 2024–2029 (KT) 116
TABLE 37 INDUSTRIAL CBD HEMP OIL MARKET, BY REGION, 2019–2023 (USD MILLION) 116
TABLE 38 INDUSTRIAL CBD HEMP OIL MARKET, BY REGION, 2024–2029 (USD MILLION) 117
TABLE 39 INDUSTRIAL CBD HEMP OIL MARKET, BY REGION, 2019–2023 (KT) 117
TABLE 40 INDUSTRIAL CBD HEMP OIL MARKET, BY REGION, 2024–2029 (KT) 117
TABLE 41 INDUSTRIAL HEMP BAST MARKET, BY REGION, 2019–2023 (USD MILLION) 118
TABLE 42 INDUSTRIAL HEMP BAST MARKET, BY REGION, 2024–2029 (USD MILLION) 119
TABLE 43 INDUSTRIAL HEMP BAST MARKET, BY REGION, 2019–2023 (KT) 119
TABLE 44 INDUSTRIAL HEMP BAST MARKET, BY REGION, 2024–2029 (KT) 119
TABLE 45 INDUSTRIAL HEMP HURD MARKET, BY REGION, 2019–2023 (USD MILLION) 120
TABLE 46 INDUSTRIAL HEMP HURD MARKET, BY REGION, 2024–2029 (USD MILLION) 121
TABLE 47 INDUSTRIAL HEMP HURD MARKET, BY REGION, 2019–2023 (KT) 121
TABLE 48 INDUSTRIAL HEMP HURD MARKET, BY REGION, 2024–2029 (KT) 121
TABLE 49 INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 123
TABLE 50 INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 123
TABLE 51 CONVENTIONAL INDUSTRIAL HEMP MARKET, BY REGION,
2019–2023 (USD MILLION) 124
TABLE 52 CONVENTIONAL INDUSTRIAL HEMP MARKET, BY REGION,
2024–2029 (USD MILLION) 124
TABLE 53 ORGANIC INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION) 125
TABLE 54 ORGANIC INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION) 126
TABLE 55 INDUSTRIAL HEMP MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 129
TABLE 56 INDUSTRIAL HEMP MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 129
TABLE 57 FOOD & BEVERAGES: INDUSTRIAL HEMP MARKET, BY REGION,
2019–2023 (USD MILLION) 131
TABLE 58 FOOD & BEVERAGES: INDUSTRIAL HEMP MARKET SIZE,
BY REGION, 2024–2029 (USD MILLION) 131
TABLE 59 TEXTILES: INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION) 132
TABLE 60 TEXTILES: INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION) 132
TABLE 61 PHARMACEUTICALS: INDUSTRIAL HEMP MARKET, BY REGION,
2019–2023 (USD MILLION) 133
TABLE 62 PHARMACEUTICALS: INDUSTRIAL HEMP MARKET, BY REGION,
2024–2029 (USD MILLION) 134
TABLE 63 PERSONAL CARE PRODUCTS: INDUSTRIAL HEMP MARKET SIZE,
BY REGION, 2019–2023 (USD MILLION) 135
TABLE 64 PERSONAL CARE PRODUCTS: INDUSTRIAL HEMP MARKET SIZE,
BY REGION, 2024–2029 (USD MILLION) 135
TABLE 65 ANIMAL NUTRITION: INDUSTRIAL HEMP MARKET, BY REGION,
2019–2023 (USD MILLION) 136
TABLE 66 ANIMAL NUTRITION: INDUSTRIAL HEMP MARKET, BY REGION,
2024–2029 (USD MILLION) 136
TABLE 67 PAPER: INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION) 138
TABLE 68 PAPER: INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION) 138
TABLE 69 CONSTRUCTION MATERIALS: INDUSTRIAL HEMP MARKET,
BY REGION, 2019–2023 (USD MILLION) 140
TABLE 70 CONSTRUCTION MATERIALS: INDUSTRIAL HEMP MARKET,
BY REGION, 2024–2029 (USD MILLION) 140
TABLE 71 BIOFUEL: INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION) 141
TABLE 72 BIOFUEL: INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION) 142
TABLE 73 OTHER APPLICATIONS: INDUSTRIAL HEMP MARKET,
BY REGION, 2019–2023 (USD MILLION) 146
TABLE 74 OTHER APPLICATIONS: INDUSTRIAL HEMP MARKET,
BY REGION, 2024–2029 (USD MILLION) 146
TABLE 75 INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION) 148
TABLE 76 INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION) 149
TABLE 77 INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (KT) 149
TABLE 78 INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (KT) 149
TABLE 79 NORTH AMERICA: INDUSTRIAL HEMP MARKET,
BY COUNTRY, 2019–2023 (USD MILLION) 151
TABLE 80 NORTH AMERICA: INDUSTRIAL HEMP MARKET,
BY COUNTRY, 2024–2029 (USD MILLION) 152
TABLE 81 NORTH AMERICA: INDUSTRIAL HEMP MARKET,
BY TYPE, 2019–2023 (USD MILLION) 152
TABLE 82 NORTH AMERICA: INDUSTRIAL HEMP MARKET,
BY TYPE, 2024–2029 (USD MILLION) 152
TABLE 83 NORTH AMERICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (KT) 153
TABLE 84 NORTH AMERICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (KT) 153
TABLE 85 NORTH AMERICA: INDUSTRIAL HEMP MARKET,
BY APPLICATION, 2019–2023 (USD MILLION) 153
TABLE 86 NORTH AMERICA: INDUSTRIAL HEMP MARKET,
BY APPLICATION, 2024–2029 (USD MILLION) 154
TABLE 87 NORTH AMERICA: INDUSTRIAL HEMP MARKET,
BY SOURCE, 2019–2023 (USD MILLION) 154
TABLE 88 NORTH AMERICA: INDUSTRIAL HEMP MARKET,
BY SOURCE, 2024–2029 (USD MILLION) 154
TABLE 89 US: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 155
TABLE 90 US: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 156
TABLE 91 US: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 156
TABLE 92 US: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 156
TABLE 93 CANADA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 157
TABLE 94 CANADA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 158
TABLE 95 CANADA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 158
TABLE 96 CANADA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 158
TABLE 97 MEXICO: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 159
TABLE 98 MEXICO: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 159
TABLE 99 MEXICO: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 160
TABLE 100 MEXICO: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 160
TABLE 101 EUROPE: INDUSTRIAL HEMP MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 161
TABLE 102 EUROPE: INDUSTRIAL HEMP MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 161
TABLE 103 EUROPE: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 161
TABLE 104 EUROPE: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 162
TABLE 105 EUROPE: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (KT) 162
TABLE 106 EUROPE: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (KT) 162
TABLE 107 EUROPE: INDUSTRIAL HEMP MARKET, BY APPLICATION,
2019–2023 (USD MILLION) 163
TABLE 108 EUROPE: INDUSTRIAL HEMP MARKET, BY APPLICATION,
2024–2029 (USD MILLION) 163
TABLE 109 EUROPE: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 163
TABLE 110 EUROPE: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 164
TABLE 111 FRANCE: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 164
TABLE 112 FRANCE: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 165
TABLE 113 FRANCE: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 165
TABLE 114 FRANCE: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 165
TABLE 115 GERMANY: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 166
TABLE 116 GERMANY: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 166
TABLE 117 GERMANY: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 167
TABLE 118 GERMANY: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 167
TABLE 119 SPAIN: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 168
TABLE 120 SPAIN: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 168
TABLE 121 SPAIN: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 168
TABLE 122 SPAIN: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 168
TABLE 123 ITALY: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 169
TABLE 124 ITALY: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 169
TABLE 125 ITALY: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 170
TABLE 126 ITALY: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 170
TABLE 127 UK: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 171
TABLE 128 UK: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 171
TABLE 129 UK: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 171
TABLE 130 UK: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 171
TABLE 131 NETHERLANDS: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 172
TABLE 132 NETHERLANDS: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 173
TABLE 133 NETHERLANDS: INDUSTRIAL HEMP MARKET, BY SOURCE,
2019–2023 (USD MILLION) 173
TABLE 134 NETHERLANDS: INDUSTRIAL HEMP MARKET, BY SOURCE,
2024–2029 (USD MILLION) 173
TABLE 135 REST OF EUROPE: INDUSTRIAL HEMP MARKET, BY TYPE,
2019–2023 (USD MILLION) 174
TABLE 136 REST OF EUROPE: INDUSTRIAL HEMP MARKET, BY TYPE,
2024–2029 (USD MILLION) 174
TABLE 137 REST OF EUROPE: INDUSTRIAL HEMP MARKET, BY SOURCE,
2019–2023 (USD MILLION) 175
TABLE 138 REST OF EUROPE: INDUSTRIAL HEMP MARKET, BY SOURCE,
2024–2029 (USD MILLION) 175
TABLE 139 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY COUNTRY,
2019–2023 (USD MILLION) 176
TABLE 140 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 177
TABLE 141 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 177
TABLE 142 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 177
TABLE 143 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (KT) 178
TABLE 144 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (KT) 178
TABLE 145 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY APPLICATION,
2019–2023 (USD MILLION) 178
TABLE 146 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY APPLICATION,
2024–2029 (USD MILLION) 179
TABLE 147 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY SOURCE,
2019–2023 (USD MILLION) 179
TABLE 148 ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY SOURCE,
2024–2029 (USD MILLION) 179
TABLE 149 CHINA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 180
TABLE 150 CHINA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 180
TABLE 151 CHINA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 181
TABLE 152 CHINA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 181
TABLE 153 INDIA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 182
TABLE 154 INDIA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 182
TABLE 155 INDIA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 182
TABLE 156 INDIA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 183
TABLE 157 JAPAN: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 184
TABLE 158 JAPAN: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 184
TABLE 159 JAPAN: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 184
TABLE 160 JAPAN: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 184
TABLE 161 AUSTRALIA & NEW ZEALAND: INDUSTRIAL HEMP MARKET,
BY TYPE, 2019–2023 (USD MILLION) 185
TABLE 162 AUSTRALIA & NEW ZEALAND: INDUSTRIAL HEMP MARKET,
BY TYPE, 2024–2029 (USD MILLION) 186
TABLE 163 AUSTRALIA & NEW ZEALAND: INDUSTRIAL HEMP MARKET,
BY SOURCE, 2019–2023 (USD MILLION) 186
TABLE 164 AUSTRALIA & NEW ZEALAND: INDUSTRIAL HEMP MARKET,
BY SOURCE, 2024–2029 (USD MILLION) 186
TABLE 165 REST OF ASIA PACIFIC: INDUSTRIAL HEMP MARKET,
BY TYPE, 2019–2023 (USD MILLION) 187
TABLE 166 REST OF ASIA PACIFIC: INDUSTRIAL HEMP MARKET,
BY TYPE, 2024–2029 (USD MILLION) 187
TABLE 167 REST OF ASIA PACIFIC: INDUSTRIAL HEMP MARKET,
BY SOURCE, 2019–2023 (USD MILLION) 188
TABLE 168 REST OF ASIA PACIFIC: INDUSTRIAL HEMP MARKET,
BY SOURCE, 2024–2029 (USD MILLION) 188
TABLE 169 SOUTH AMERICA: INDUSTRIAL HEMP MARKET,
BY COUNTRY, 2019–2023 (USD MILLION) 188
TABLE 170 SOUTH AMERICA: INDUSTRIAL HEMP MARKET,
BY COUNTRY, 2024–2029 (USD MILLION) 189
TABLE 171 SOUTH AMERICA: INDUSTRIAL HEMP MARKET,
BY TYPE, 2019–2023 (USD MILLION) 189
TABLE 172 SOUTH AMERICA: INDUSTRIAL HEMP MARKET,
BY TYPE, 2024–2029 (USD MILLION) 189
TABLE 173 SOUTH AMERICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (KT) 190
TABLE 174 SOUTH AMERICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (KT) 190
TABLE 175 SOUTH AMERICA: INDUSTRIAL HEMP MARKET,
BY APPLICATION, 2019–2023 (USD MILLION) 190
TABLE 176 SOUTH AMERICA: INDUSTRIAL HEMP MARKET,
BY APPLICATION, 2024–2029 (USD MILLION) 191
TABLE 177 SOUTH AMERICA: INDUSTRIAL HEMP MARKET,
BY SOURCE, 2019–2023 (USD MILLION) 191
TABLE 178 SOUTH AMERICA: INDUSTRIAL HEMP MARKET,
BY SOURCE, 2024–2029 (USD MILLION) 191
TABLE 179 BRAZIL: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 192
TABLE 180 BRAZIL: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 192
TABLE 181 BRAZIL: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 193
TABLE 182 BRAZIL: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 193
TABLE 183 ARGENTINA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 194
TABLE 184 ARGENTINA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 194
TABLE 185 ARGENTINA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 194
TABLE 186 ARGENTINA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 194
TABLE 187 REST OF SOUTH AMERICA: INDUSTRIAL HEMP MARKET,
BY TYPE, 2019–2023 (USD MILLION) 195
TABLE 188 REST OF SOUTH AMERICA: INDUSTRIAL HEMP MARKET,
BY TYPE, 2024–2029 (USD MILLION) 195
TABLE 189 REST OF SOUTH AMERICA: INDUSTRIAL HEMP MARKET,
BY SOURCE, 2019–2023 (USD MILLION) 196
TABLE 190 REST OF SOUTH AMERICA: INDUSTRIAL HEMP MARKET,
BY SOURCE, 2024–2029 (USD MILLION) 196
TABLE 191 ROW: INDUSTRIAL HEMP MARKET, BY REGION, 2019–2023 (USD MILLION) 196
TABLE 192 ROW: INDUSTRIAL HEMP MARKET, BY REGION, 2024–2029 (USD MILLION) 197
TABLE 193 ROW: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 197
TABLE 194 ROW: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 197
TABLE 195 ROW: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (KT) 198
TABLE 196 ROW: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (KT) 198
TABLE 197 ROW: INDUSTRIAL HEMP MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 198
TABLE 198 ROW: INDUSTRIAL HEMP MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 199
TABLE 199 ROW: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 199
TABLE 200 ROW: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 199
TABLE 201 AFRICA: INDUSTRIAL HEMP MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 200
TABLE 202 AFRICA: INDUSTRIAL HEMP MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 200
TABLE 203 AFRICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 201
TABLE 204 AFRICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 201
TABLE 205 AFRICA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 201
TABLE 206 AFRICA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 201
TABLE 207 GHANA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 202
TABLE 208 GHANA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 203
TABLE 209 GHANA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 203
TABLE 210 GHANA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 203
TABLE 211 SOUTH AFRICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 204
TABLE 212 SOUTH AFRICA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 204
TABLE 213 SOUTH AFRICA: INDUSTRIAL HEMP MARKET,
BY SOURCE, 2019–2023 (USD MILLION) 205
TABLE 214 SOUTH AFRICA: INDUSTRIAL HEMP MARKET,
BY SOURCE, 2024–2029 (USD MILLION) 205
TABLE 215 TANZANIA: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 206
TABLE 216 TANZANIA: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 206
TABLE 217 TANZANIA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2019–2023 (USD MILLION) 206
TABLE 218 TANZANIA: INDUSTRIAL HEMP MARKET, BY SOURCE, 2024–2029 (USD MILLION) 206
TABLE 219 REST OF AFRICA: INDUSTRIAL HEMP MARKET,
BY TYPE, 2019–2023 (USD MILLION) 208
TABLE 220 REST OF AFRICA: INDUSTRIAL HEMP MARKET,
BY TYPE, 2024–2029 (USD MILLION) 208
TABLE 221 REST OF AFRICA: INDUSTRIAL HEMP MARKET,
BY SOURCE, 2019–2023 (USD MILLION) 208
TABLE 222 REST OF AFRICA: INDUSTRIAL HEMP MARKET,
BY SOURCE, 2024–2029 (USD MILLION) 208
TABLE 223 MIDDLE EAST: INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION) 209
TABLE 224 MIDDLE EAST: INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION) 209
TABLE 225 MIDDLE EAST: INDUSTRIAL HEMP MARKET,
BY SOURCE, 2019–2023 (USD MILLION) 210
TABLE 226 MIDDLE EAST: INDUSTRIAL HEMP MARKET,
BY SOURCE, 2024–2029 (USD MILLION) 210
TABLE 227 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
IN INDUSTRIAL HEMP MARKET, 2020–2024 212
TABLE 228 INDUSTRIAL HEMP MARKET: DEGREE OF COMPETITION 216
TABLE 229 INDUSTRIAL HEMP MARKET: REGION FOOTPRINT 219
TABLE 230 INDUSTRIAL HEMP MARKET: TYPE FOOTPRINT 220
TABLE 231 INDUSTRIAL HEMP MARKET: APPLICATION FOOTPRINT 221
TABLE 232 INDUSTRIAL HEMP MARKET: SOURCE FOOTPRINT 222
TABLE 233 INDUSTRIAL HEMP MARKET: LIST OF KEY STARTUPS/SMES 224
TABLE 234 INDUSTRIAL HEMP MARKET: COMPETITIVE BENCHMARKING OF
KEY STARTUPS/SMES, 2023 225
TABLE 235 INDUSTRIAL HEMP MARKET: PRODUCT/SERVICE LAUNCHES,
JANUARY 2020–NOVEMBER 2024 228
TABLE 236 INDUSTRIAL HEMP MARKET: DEALS, JANUARY 2020–NOVEMBER 2024 230
TABLE 237 INDUSTRIAL HEMP MARKET: EXPANSIONS, JANUARY 2020–NOVEMBER 2024 233
TABLE 238 CURALEAF HOLDINGS, INC.: COMPANY OVERVIEW 236
TABLE 239 CURALEAF HOLDINGS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 237
TABLE 240 CURALEAF HOLDINGS, INC.: PRODUCT LAUNCHES 237
TABLE 241 CURALEAF HOLDINGS, INC.: DEALS 237
TABLE 242 CURALEAF HOLDINGS INC.: EXPANSIONS 239
TABLE 243 GREEN THUMB INDUSTRIES: COMPANY OVERVIEW 241
TABLE 244 GREEN THUMB INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 242
TABLE 245 GREEN THUMB INDUSTRIES: DEALS 242
TABLE 246 GREEN THUMB INDUSTRIES: EXPANSIONS 243
TABLE 247 CANOPY GROWTH CORPORATION: COMPANY OVERVIEW 244
TABLE 248 CANOPY GROWTH CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 245
TABLE 249 CANOPY GROWTH CORPORATION: PRODUCT LAUNCHES 245
TABLE 250 CANOPY GROWTH CORPORATION: DEALS 246
TABLE 251 AURORA CANNABIS INC.: COMPANY OVERVIEW 247
TABLE 252 AURORA CANNABIS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 248
TABLE 253 AURORA CANNABIS INC.: PRODUCT LAUNCHES 248
TABLE 254 AURORA CANNABIS INC.: DEALS 249
TABLE 255 THE CRONOS GROUP: COMPANY OVERVIEW 251
TABLE 256 THE CRONOS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 252
TABLE 257 THE CRONOS GROUP: PRODUCT LAUNCHES 252
TABLE 258 THE CRONOS GROUP: DEALS 253
TABLE 259 ECOFIBRE LTD: COMPANY OVERVIEW 255
TABLE 260 ECOFIBRE LTD: PRODUCTS/SERVICES/SOLUTIONS OFFERED 256
TABLE 261 ECOFIBRE LTD: DEALS 257
TABLE 262 ECOFIBRE LTD: EXPANSIONS 257
TABLE 263 HEMPFLAX GROUP B.V.: COMPANY OVERVIEW 258
TABLE 264 HEMPFLAX GROUP B.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 258
TABLE 265 HEMPFLAX GROUP B.V.: DEALS 259
TABLE 266 HEMPFLAX GROUP B.V.: EXPANSIONS 260
TABLE 267 DUN AGRO HEMP GROUP: COMPANY OVERVIEW 261
TABLE 268 DUN AGRO HEMP GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 261
TABLE 269 DUN AGRO GROUP: EXPANSIONS 262
TABLE 270 FRESH HEMP FOODS LTD.: COMPANY OVERVIEW 263
TABLE 271 FRESH HEMP FOODS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 263
TABLE 272 GENCANNA: COMPANY OVERVIEW 265
TABLE 273 GENCANNA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 265
TABLE 274 GENCANNA: DEALS 266
TABLE 275 KONOPLEX GROUP: COMPANY OVERVIEW 267
TABLE 276 KONOPLEX GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 267
TABLE 277 KONOPLEX GROUP: EXPANSIONS 268
TABLE 278 CANAH INTERNATIONAL: COMPANY OVERVIEW 269
TABLE 279 CANAH INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 269
TABLE 280 MH MEDICAL HEMP GMBH: COMPANY OVERVIEW 271
TABLE 281 MH MEDICAL HEMP GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 271
TABLE 282 LIAONING QIAOPAI BIOTECH CO., LTD.: COMPANY OVERVIEW 274
TABLE 283 LIAONING QIAOPAI BIOTECH CO., LTD.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 274
TABLE 284 IND HEMP: COMPANY OVERVIEW 276
TABLE 285 IND HEMP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 276
TABLE 286 IND HEMP: DEALS 278
TABLE 287 SOUTH HEMP TECNO: COMPANY OVERVIEW 279
TABLE 288 SOUTH HEMP TECNO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 279
TABLE 289 HEMPOLAND: COMPANY OVERVIEW 280
TABLE 290 HEMPOLAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED 280
TABLE 291 HEMPOLAND: DEALS 281
TABLE 292 COLORADO HEMP WORKS INC: COMPANY OVERVIEW 282
TABLE 293 COLORADO HEMP WORKS INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 282
TABLE 294 BOMBAY HEMP COMPANY PVT. LTD.: COMPANY OVERVIEW 283
TABLE 295 BOMBAY HEMP COMPANY PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 284
TABLE 296 PARKLAND INDUSTRIAL HEMP GROWERS CO-OP. LTD.: COMPANY OVERVIEW 285
TABLE 297 PARKLAND INDUSTRIAL HEMP GROWERS CO-OP. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 285
TABLE 298 AMERICAN HEMP LLC: COMPANY OVERVIEW 286
TABLE 299 HEMP FOUNDATION: COMPANY OVERVIEW 287
TABLE 300 VALLEY BIO LIMITED: COMPANY OVERVIEW 288
TABLE 301 EAST MESA INC.: COMPANY OVERVIEW 288
TABLE 302 ADJACENT MARKETS TO INDUSTRIAL HEMP 289
TABLE 303 CANNABIS TESTING MARKET, BY SERVICE, 2022–2029 (USD MILLION) 290
TABLE 304 CANNABIS MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION) 291
TABLE 305 CANNABIS MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION) 292
TABLE 306 CANNABIS MARKET, BY PRODUCT TYPE, 2018–2021 (TONS) 292
TABLE 307 CANNABIS MARKET, BY PRODUCT TYPE, 2022–2027 (TONS) 292
_
FIGURE 1 INDUSTRIAL HEMP MARKET SEGMENTATION 28
FIGURE 2 INDUSTRIAL HEMP MARKET: RESEARCH DESIGN 32
FIGURE 3 KEY DATA FROM PRIMARY SOURCES 34
FIGURE 4 INDUSTRIAL HEMP MARKET: DEMAND-SIDE CALCULATION 37
FIGURE 5 INDUSTRIAL HEMP MARKET SIZE ESTIMATION STEPS AND RESPECTIVE
SOURCES: SUPPLY SIDE 38
FIGURE 6 INDUSTRIAL HEMP MARKET: SUPPLY-SIDE ANALYSIS 38
FIGURE 7 DATA TRIANGULATION METHODOLOGY 39
FIGURE 8 INDUSTRIAL HEMP MARKET, BY TYPE, 2024 VS. 2029 (USD MILLION) 42
FIGURE 9 INDUSTRIAL HEMP MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION) 42
FIGURE 10 INDUSTRIAL HEMP MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION) 43
FIGURE 11 ASIA PACIFIC TO BE LARGEST INDUSTRIAL HEMP MARKET DURING FORECAST PERIOD 44
FIGURE 12 SUPPORTIVE REGULATORY FRAMEWORK, INCREASE IN ADOPTION OF HEMP PRODUCTS, AND RISE IN DEMAND FOR SUSTAINABLE PRODUCTS TO DRIVE DEMAND 45
FIGURE 13 CONVENTIONAL SOURCE SEGMENT AND CHINA TO ACCOUNT FOR LARGEST SHARE IN ASIA PACIFIC INDUSTRIAL HEMP MARKET IN 2024 46
FIGURE 14 US TO ACCOUNT FOR LARGEST SHARE (BY VALUE) IN 2024 47
FIGURE 15 HEMP SEED SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 48
FIGURE 16 TEXTILES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 49
FIGURE 17 CONVENTIONAL SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE
DURING FORECAST PERIOD 50
FIGURE 18 EUROPEAN UNION LAND AREA USED FOR HEMP CULTIVATION,
2018–2022 (1,000 HECTARES) 52
FIGURE 19 MARKET SIZE AND GROWTH PROJECTIONS FOR GLOBAL WELLNESS
ECONOMY, 2019–2028 53
FIGURE 20 INDUSTRIAL HEMP MARKET DYNAMICS 54
FIGURE 21 ADOPTION OF GEN AI IN INDUSTRIAL HEMP MARKET ECOSYSTEM 62
FIGURE 22 INDUSTRIAL HEMP MARKET: VALUE CHAIN ANALYSIS 65
FIGURE 23 POST-PRODUCTION/HARVESTING PROCESS 70
FIGURE 24 EXPORT VALUE OF HS CODE 530210: KEY COUNTRIES,
2019–2023 (USD THOUSAND) 71
FIGURE 25 IMPORT VALUE OF HS CODE 530210: KEY COUNTRIES,
2019–2023 (USD THOUSAND) 72
FIGURE 26 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE, 2023 75
FIGURE 27 AVERAGE SELLING PRICE TREND, BY TYPE, 2019–2023 76
FIGURE 28 AVERAGE SELLING PRICE TREND OF HEMP SEED, BY REGION 77
FIGURE 29 AVERAGE SELLING PRICE TREND OF HEMP SEED OIL, BY REGION 78
FIGURE 30 AVERAGE SELLING PRICE TREND OF CBD HEMP OIL, BY REGION 79
FIGURE 31 AVERAGE SELLING PRICE TREND OF HEMP BAST, BY REGION 80
FIGURE 32 AVERAGE SELLING PRICE TREND OF HEMP HURD, BY REGION 81
FIGURE 33 KEY STAKEHOLDERS IN INDUSTRIAL HEMP MARKET ECOSYSTEM 82
FIGURE 34 INDUSTRIAL HEMP MARKET: TRENDS/DISRUPTIONS IMPACTING
CUSTOMER BUSINESS 84
FIGURE 35 PATENTS GRANTED FOR INDUSTRIAL HEMP MARKET, 2014–2024 85
FIGURE 36 INDUSTRIAL HEMP MARKET: REGIONAL ANALYSIS OF
PATENTS GRANTED, 2014–2024 86
FIGURE 37 INDUSTRIAL HEMP MARKET: PORTER’S FIVE FORCES ANALYSIS 100
FIGURE 38 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 102
FIGURE 39 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 103
FIGURE 40 INVESTMENT & FUNDING SCENARIO OF MAJOR PLAYERS 105
FIGURE 41 INDUSTRIAL HEMP MARKET, BY TYPE, 2024 VS. 2029 (BY VALUE) 110
FIGURE 42 INDUSTRIAL HEMP MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION) 123
FIGURE 43 INDUSTRIAL HEMP MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION) 128
FIGURE 44 CANADA TO RECORD HIGHEST CAGR IN INDUSTRIAL HEMP MARKET 148
FIGURE 45 NORTH AMERICA: INDUSTRIAL HEMP MARKET SNAPSHOT 151
FIGURE 46 ASIA PACIFIC: INDUSTRIAL HEMP MARKET SNAPSHOT 176
FIGURE 47 ANNUAL REVENUE ANALYSIS OF KEY PLAYERS, 2019–2023 (USD MILLION) 214
FIGURE 48 INDUSTRIAL HEMP: MARKET SHARE ANALYSIS, 2023 215
FIGURE 49 INDUSTRIAL HEMP MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 217
FIGURE 50 COMPANY FOOTPRINT 218
FIGURE 51 INDUSTRIAL HEMP MARKET: COMPANY EVALUATION MATRIX
(STARTUPS/SMES), 2023 223
FIGURE 52 COMPANY VALUATION OF FEW MAJOR PLAYERS 226
FIGURE 53 EV/EBITDA OF KEY COMPANIES 226
FIGURE 54 BRAND/PRODUCT ANALYSIS, BY KEY PLAYERS OF INDUSTRIAL HEMP 227
FIGURE 55 CURALEAF HOLDINGS, INC.: COMPANY SNAPSHOT 236
FIGURE 56 GREEN THUMB INDUSTRIES: COMPANY SNAPSHOT 241
FIGURE 57 CANOPY GROWTH CORPORATION: COMPANY SNAPSHOT 244
FIGURE 58 AURORA CANNABIS INC.: COMPANY SNAPSHOT 247
FIGURE 59 THE CRONOS GROUP: COMPANY SNAPSHOT 251
FIGURE 60 ECOFIBRE LTD: COMPANY SNAPSHOT 255