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Industrial Hemp Market Estimated to Grow at a CAGR of 19.8 % during Forecast Period 2018 – 2027

Feb 19th 2019 at 2:50 AM

Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Industrial Hemp Market Estimated to Grow at a CAGR of 19.8 % during Forecast Period 2018 - 2027”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2027. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with a growth of manufacturers in the global market for Industrial Hemp. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

The recent market report of MRRSE on the global industrial hemp market evaluates opportunities in the current market, and provides updates and insights corresponding to different segments involved in the global industrial hemp market over the forecast period 2018–2027. The global industrial hemp market report further exhibits the estimated data for 2018, and forecast data up to 2027 in terms of value (US$ Mn) and volume (MT). In terms of value, the industrial hemp market is anticipated to increase at a CAGR of 19.8% during the forecast period. The present study exhibits the trends and market dynamics of the industrial hemp market in five major regions - North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The report also includes the study of current issues with consumers and various future opportunities in the industrial hemp market.

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The report explores the global industrial hemp market for the period 2018–2027. The primary objective of the global industrial hemp report is to provide insights into key developments in the market that are consistently supporting to transform global businesses that are associated with the industrial hemp market. It is very important to consider that, in an ever wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition with the Compound Annual Growth Rate (CAGR) for the overall forecast, to understand the better analysis and evaluation of the global industrial hemp market, and to discover the equitable opportunities.

Yet another key feature of this report is that, the estimation of the global industrial hemp market, and the corresponding revenue forecast is carried out in terms of absolute dollar opportunity. This is usually not prioritized while forecasting overall market numbers. Absolute dollar opportunity analysis is very essential in evaluating the degree of opportunity that a provider can observe to execute, as well as to contrast the potential resources from a sales perspective in the global industrial hemp market.

The report starts with an elaborated executive summary, and the market definition of various segmentations that are included and their respective shares in the global industrial hemp market. The report further incorporates the major macroeconomic factors which have an effect over the growth of the industrial hemp market. The market report also highlights the various market dynamics that include the drivers and restraints in the global industrial hemp market. Current opportunities as well as on-going trends in the industrial hemp market are also discussed in the report. The report further underlines the study of the present issues with industrial processing, and opportunities in the industrial hemp market. It also encompasses value chain analysis, which provides a structural view of overall profitability from the manufacturer to the end user in the industrial hemp market. In order to provide users with a clear view of the global industrial hemp market, we have exhibited a competitive analysis of key market players and their strategic expansions. The competitive dashboard presents a detailed comparison of industrial hemp manufacturers on valuable parameters such as key product offerings, total revenue, key developments, and key strategies. The study intensifies the global industrial hemp market attractiveness analysis by nature, product type, end use, and region.

To evaluate the overall market size of industrial hemp, the report on the industrial hemp market considers various fundamental aspects based on secondary research. Furthermore, it emphasizes quantitative evaluation such as market shares and other qualitative data from primary respondents, which have been consolidated to arrive at clear and accurate market estimations. The market sizing contained within this report assumes that, by 2027, most major countries will have legalized the use of industrial hemp. The market size was benchmarked after checking on the current market scenario in key regions, upcoming trends, and changing government regulations. The forecast presented in the industrial hemp market report arrives at the total revenue being generated, and expected revenue contribution in the future by the global industrial hemp market.

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The detailed profiles of companies that manufacture industrial hemp are included in the report to analyze their developmental strategies, key product offerings, and recent developments, as they have a significant role in the global industrial hemp market. Market players covered in the industrial hemp market report are Cavac Biomateriaux, All American Hemp Company, Hempco Food and Fiber Inc., Green Source Organics, Trigone Foods Inc., Blue Sky Hemp Ventures Ltd., Hempro International, Agropro, Hemp Foods Australia, Hemp Inc., Marijuana Company of America Inc., Hemp Sense Inc., North American Hemp & Grain Co. Ltd., Hemp Production Services Inc., and Manitoba Harvest Hemp Foods.

Industrial Hemp Market: Segmentation

The subsequent sections analyze the global industrial hemp market on the basis of nature, end use, distribution channel and region, and presents a forecast for the period 2018–2027. The market is segmented as follows:

Industrial Hemp by Nature

Organic

Conventional

Industrial Hemp by Product Type

Fiber

Seeds

Industrial Hemp by End Use

Food & Beverages

Consumer textiles

Personal Products

Industrial Application

Hemp CBD

Supplements

Other Consumer Products

Industrial Hemp by Region

North America

U.S.

Canada

Latin America

Brazil

Mexico

Colombia

Rest of LATAM

Europe

UK

Germany

France

Rest of Europe

Asia Pacific

China

India

Australia & New Zealand

Rest of APAC

Middle East & Africa

GCC

Egypt

South Africa

Morocco

Rest of MEA

PMR Research Methodology

PMR is committed to provide its clients with unbiased market research solutions. PMR follows a robust methodology for deducing data that is included in this report. A demand-side approach is followed to estimate the sales of target products, followed by in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on use of standard market structures, methods, and definitions that are based on inputs from local sources in over 5 regions, i.e. Europe, Asia Pacific, the Middle East and Africa, Latin America, and North America, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. The report is compiled after months of research with tried-and-tested methodologies in order to offer the most accurate results. Our main sources of research include:

Primary Research

Secondary Research

Trade Research

Social Media Analysis

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