PUBLISHER: TechNavio | PRODUCT CODE: 1267526
PUBLISHER: TechNavio | PRODUCT CODE: 1267526
Technavio has been monitoring the industrial hemp market and is forecast to grow by USD 6871.63 mn during 2022-2027, accelerating at a CAGR of 17.1% during the forecast period. Our report on the industrial hemp market provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high demand from the textile industry, high demand from China and US, and high demand for cannabidiol.
Technavio's industrial hemp market is segmented as below:
By Product
By Application
By Geographical Landscape
This study identifies the growing strategic collaboration, partnership and M&A as one of the prime reasons driving the industrial hemp market growth during the next few years. Also, growing demand for organic hemp-based foods and certifying hemp-based foods will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial hemp market vendors that include 22nd Century Group Inc., Aurora Cannabis Inc., Bombay Hemp Co. Pvt. Ltd., Boring Hemp Co., Canopy Growth Corp., Charlottes Web Holdings Inc., CV Sciences Inc., Deep Nature Project GmbH, Dun Agro Hemp Group, Ecofibre Ltd., Elixinol Wellness Ltd., GFR Ingredients Ltd., Hanma Investment Group Co. Ltd., HempFlax Group BV, HemPoland Sp zoo, Liaoning Qiaopai Biotech Co. Ltd., Medical Marijuana Inc., Nutiva Inc., Parkland Industrial Hemp Growers Co op. Ltd., and Tilray Brands Inc. Also, the industrial hemp market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
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