According to a market report by Lucintel, the future of the global industrial hemp market looks promising with opportunities in the food & beverage, textile, pharmaceutical, personal care product, animal nutrition, and paper markets. The global industrial hemp market is expected to reach an estimated $19,344 million by 2035 with a CAGR of 8.7% from 2025 to 2035. The major drivers for this market are the increasing demand for eco friendly & biodegradable materials, the rising demand in paper & packaging industry, and the growing demand for food & beverage products.
A more
than 150-page report to understand trends, opportunity and forecast in global industrial
hemp market to 2035 by type (hemp seed, hemp seed oil, CBD hemp oil, hemp bast,
and hemp hurd), source (conventional and organic), application (food &
beverages, textiles, pharmaceuticals, personal care products, animal nutrition,
and paper), and region (North America, Europe, Asia Pacific, and the Rest of
the World).
Lucintel
forecasts that, within the type category, is expected to witness higher growth
over the forecast period.
Within the
application category, is expected to witness the highest growth.
Download
sample by clicking on industrial hemp
market.
In terms
of region, APAC is expected to witness the highest growth over the forecast
period.
Orbia
Advance Corporation, China Lesso Group, Advanced Drainage Systems, Marijuana,
Cronos, Ecofibre, Green Thumb Industries, Curaleaf Holdings are the major
suppliers in the industrial hemp
market.
This unique research report
will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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