Lucintel Forecasts The Global Industrial Hemp Market To Reach $19,344 Million By 2035

By Author: Lucintel LLC
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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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