産業用ヘンプ市場 – 2029年までの世界予測

Industrial Hemp Market - Global Forecast to 2029

産業用ヘンプ市場 - タイプ(ヘンプシード、ヘンプシードオイル、CBDヘンプオイル、ヘンプバスト、ヘンプハード)、ソース(従来型、オーガニック)、用途(食品および飲料、繊維、医薬品、パーソナルケア製品)、および地域別 - 2029年までの世界予測
Industrial Hemp Market by Type (Hemp Seed, Hemp Seed Oil, CBD Hemp Oil, Hemp Bast, Hemp Hurd), Source (Conventional, Organic), Application (Food & Beverages, Textiles, Pharmaceuticals, Personal Care Products), and Region - Global Forecast to 2029

商品番号 : SMB-24486

出版社MarketsandMarkets
出版年月2025年1月
ページ数300
図表数367
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

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.

産業用ヘンプ(大麻)の世界市場は2024年に110億3,000万米ドルと推定され、予測期間中のCAGRは22.4%で、2029年までに302億4,000万米ドルに達すると予測されています。産業用大麻生産における AI の導入により、栽培、加工、製品開発のすべての段階で生産性と効率が向上し、業界に変化が生じています。

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.

産業用ヘンプ市場 - 2029年までの世界予測
industrial-hemp-market

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.

産業用ヘンプ市場 - 2029年までの世界予測 region
industrial-hemp-market-region

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).

産業用ヘンプ市場 - 2029年までの世界予測 ecosystem
industrial-hemp-market-ecosystem

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.

Table of Contents

1               INTRODUCTION              26

1.1           STUDY OBJECTIVES       26

1.2           MARKET DEFINITION   26

1.2.1        INCLUSIONS & EXCLUSIONS       27

1.3           MARKET SCOPE                28

1.3.1        MARKET SEGMENTATION           28

1.4           YEARS CONSIDERED      29

1.5           UNIT CONSIDERED        29

1.5.1        CURRENCY/VALUE UNIT              29

1.5.2        VOLUME CONSIDERED 30

1.6           STAKEHOLDERS               30

1.7           SUMMARY OF CHANGES               31

2               RESEARCH METHODOLOGY       32

2.1           RESEARCH DATA              32

2.1.1        SECONDARY DATA          33

2.1.1.1    Key data from secondary sources       33

2.1.2        PRIMARY DATA 34

2.1.2.1    Key data from primary sources           34

2.1.2.2    Key industry insights           35

2.1.2.3    Breakdown of primaries      35

2.2           MARKET SIZE ESTIMATION         36

2.2.1        BOTTOM-UP APPROACH              36

2.2.2        TOP-DOWN APPROACH                37

2.2.2.1    Approach to estimate market size using top-down analysis                 37

2.3           DATA TRIANGULATION                39

2.4           RESEARCH ASSUMPTIONS           40

2.5           RESEARCH LIMITATIONS             40

3               EXECUTIVE SUMMARY  41

4               PREMIUM INSIGHTS       45

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL HEMP MARKET      45

4.2           ASIA PACIFIC: INDUSTRIAL HEMP MARKET, BY SOURCE AND COUNTRY 46

4.3           INDUSTRIAL HEMP MARKET: SHARE OF MAJOR REGIONAL SUBMARKETS             47

4.4           INDUSTRIAL HEMP MARKET, BY TYPE AND REGION                 48

4.5           INDUSTRIAL HEMP MARKET, BY APPLICATION AND REGION                49

4.6           INDUSTRIAL HEMP MARKET, BY SOURCE AND REGION                 50

5               MARKET OVERVIEW       51

5.1           INTRODUCTION              51

5.2           MACROECONOMIC OUTLOOK  51

5.2.1        INCREASING PRODUCTION OF HEMP    51

5.2.2        POSITIVE GROWTH OF GLOBAL WELLNESS MARKET                 52

5.3           MARKET DYNAMICS       54

5.3.1        DRIVERS               54

5.3.1.1    Increasing legalization of industrial hemp cultivation    54

5.3.1.2    Hemp’s versatility and sustainability make it preferred raw material across industries    56

5.3.1.3    Innovative hemp processing techniques drive cost-efficiency and support industry growth      57

5.3.2        RESTRAINTS      57

5.3.2.1    Complex regulatory structure for use of industrial hemp                 57

5.3.2.2    Stigmatization of hemp market          58

5.3.3        OPPORTUNITIES              58

5.3.3.1    Development of new industrial hemp-based products   58

5.3.3.2    Increasing preference for edibles across generations      59

5.3.3.3    Hemp-based materials as future of industrial production                 59

5.3.4        CHALLENGES    60

5.3.4.1    Competition from synthetic alternatives           60

5.3.4.2    Lack of processing facilities and planting & harvesting equipment                 60

5.4           IMPACT OF AI/GEN AI ON INDUSTRIAL HEMP MARKET                 61

5.4.1        INTRODUCTION              61

5.4.2        USE OF GEN AI IN INDUSTRIAL HEMP MARKET ECOSYSTEM       62

5.4.3        CASE STUDY ANALYSIS 63

5.4.3.1    Scaling hemp fiber production with AgriTech solutions                 63

5.4.3.2    Artificial intelligence revolutionizing cannabis production                 64

6               INDUSTRY TRENDS         65

6.1           INTRODUCTION              65

6.2           VALUE CHAIN ANALYSIS               65

6.2.1        RESEARCH AND PRODUCT DEVELOPMENT        66

6.2.2        RAW MATERIAL SOURCING         66

6.2.3        PRODUCTION   66

6.2.4        PACKAGING, STORAGE, AND DISTRIBUTION     66

6.2.5        END USERS AND RETAIL               66

6.3           INDUSTRIAL HEMP POST-PRODUCTION/HARVESTING PROCESS              67

6.3.1        INTRODUCTION              67

6.3.2        HEMP FOR FIBER             67

6.3.3        HEMP FOR SEED               68

6.3.4        HEMP FOR FLOWER (CBD PRODUCTION)            69

6.3.5        CONCLUSION    70

6.4           TRADE ANALYSIS             71

6.4.1        EXPORT SCENARIO OF HS CODE 530210                 71

6.4.2        IMPORT SCENARIO OF HS CODE 530210                 72

6.5           TECHNOLOGY ANALYSIS             73

6.5.1        KEY TECHNOLOGIES     73

6.5.1.1    Crop steering         73

6.5.2        COMPLEMENTARY TECHNOLOGY           74

6.5.2.1    IOT Automation   74

6.5.3        ADJACENT TECHNOLOGY           74

6.5.3.1    Nanoencapsulation               74

6.6           PRICING ANALYSIS          75

6.6.1        AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE     75

6.6.2        AVERAGE SELLING PRICE TREND OF HEMP SEED, BY REGION                77

6.6.3        AVERAGE SELLING PRICE TREND OF HEMP SEED OIL, BY REGION         78

6.6.4        AVERAGE SELLING PRICE TREND OF CBD HEMP OIL, BY REGION                79

6.6.5        AVERAGE SELLING PRICE TREND OF HEMP BAST, BY REGION                80

6.6.6        AVERAGE SELLING PRICE TREND OF HEMP HURD, BY REGION                81

6.7           ECOSYSTEM ANALYSIS  81

6.7.1        DEMAND SIDE  81

6.7.2        SUPPLY SIDE     82

6.8           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            84

6.9           PATENT ANALYSIS          85

6.10         KEY CONFERENCES & EVENTS, 2024–2025              90

6.11         REGULATORY LANDSCAPE         91

6.11.1      REGULATORY FRAMEWORK       94

6.11.1.1  North America      94

6.11.1.1.1                US           94

6.11.1.1.2                Canada   94

6.11.1.2  Europe   94

6.11.1.2.1                Germany                 94

6.11.1.2.2                Italy         94

6.11.1.2.3                Netherlands           95

6.11.1.2.4                France    95

6.11.1.2.5                Switzerland            95

6.11.1.2.6                UK          95

6.11.1.2.7                Poland    96

6.11.1.2.8                Spain      96

6.11.1.2.9                Austria   96

6.11.1.2.10             Norway   96

6.11.1.2.11             Finland   96

6.11.1.2.12             Croatia   97

6.11.1.3  Asia Pacific            97

6.11.1.3.1                China      97

6.11.1.3.2                India       97

6.11.1.3.3                Japan      97

6.11.1.3.4                New Zealand         97

6.11.1.3.5                Australia 97

6.11.1.3.6                Thailand 98

6.11.1.3.7                South Korea           98

6.11.1.3.8                Malaysia 98

6.11.1.4  South America      98

6.11.1.4.1                Chile       98

6.11.1.4.2                Colombia                98

6.11.1.4.3                Uruguay 98

6.11.1.5  Rest of the World 99

6.11.1.5.1                Lesotho  99

6.11.1.5.2                South Africa           99

6.11.1.5.3                Rwanda  99

6.11.1.5.4                Zambia   99

6.11.1.5.5                Zimbabwe              99

6.11.1.5.6                Uganda  99

6.11.1.5.7                Ghana     99

6.12         PORTER’S FIVE FORCES ANALYSIS           100

6.12.1      INTENSITY OF COMPETITIVE RIVALRY 101

6.12.2      BARGAINING POWER OF SUPPLIERS       101

6.12.3      BARGAINING POWER OF BUYERS             101

6.12.4      THREAT OF SUBSTITUTES          101

6.12.5      THREAT OF NEW ENTRANTS      102

6.13         KEY STAKEHOLDERS AND BUYING CRITERIA     102

6.13.1      KEY STAKEHOLDERS IN BUYING PROCESS           102

6.13.2      BUYING CRITERIA           103

6.14         CASE STUDY ANALYSIS 104

6.14.1      CURALEAF’S ENTRY INTO HEMP-DERIVED THC MARKET               104

6.14.2      CANOPY GROWTH’S EXPANSION OF CANNABIS PRODUCT PORTFOLIO 104

6.14.3      AURORA CANNABIS EXPANDS PREMIUM MEDICAL CANNABIS OIL PORTFOLIO IN AUSTRALIA          105

6.15         INVESTMENT AND FUNDING SCENARIO               105

6.16         GREEN HYDROGEN FROM INDUSTRIAL HEMP   106

6.17         SYNTHETIC HEMP IN AUTOMOTIVE AND RENEWABLE/ENERGY INDUSTRIES         107

7               INDUSTRIAL HEMP MARKET, BY TYPE   109

7.1           INTRODUCTION              110

7.2           HEMP SEED        112

7.2.1        RICH NUTRIENT PROFILE AND GLOBAL MOVEMENT TOWARD PLANT-BASED DIET TO DRIVE DEMAND IN FOOD INDUSTRY           112

7.3           HEMP SEED OIL                114

7.3.1        USE IN PHARMACEUTICALS AND MEDICAL TREATMENTS WITH REPORTED BENEFITS          114

7.4           CBD HEMP OIL 116

7.4.1        INCREASE IN APPLICATION IN PERSONAL CARE AND FOOD & BEVERAGE PRODUCTS                 116

7.5           HEMP BAST        118

7.5.1        IDEAL FOR PRODUCTION OF BIOPLASTICS AND CONSTRUCTION MATERIALS DUE TO HIGH STRENGTH-TO-WEIGHT RATIO 118

7.6           HEMP HURD      120

7.6.1        VERSATILITY ACROSS APPLICATIONS   120

8               INDUSTRIAL HEMP MARKET, BY SOURCE             122

8.1           INTRODUCTION              123

8.2           CONVENTIONAL              124

8.2.1        LOW PRICE AND BROAD ARRAY OF CONVENTIONAL HEMP SEEDS

AND OTHER PRODUCTS               124

8.3           ORGANIC             125

8.3.1        INCREASING DEMAND FOR ORGANIC HEMP PRODUCTS IN FOOD AND PHARMACEUTICAL INDUSTRIES 125

9               INDUSTRIAL HEMP MARKET, BY APPLICATION 127

9.1           INTRODUCTION              128

9.2           FOOD & BEVERAGES      130

9.2.1        WIDE-RANGING APPLICATIONS OF HEMP SEED AND HEMP SEED DERIVATIVES           130

9.3           TEXTILES             131

9.3.1        HIGH STRENGTH, DURABILITY, AND SEVERAL OTHER ADVANTAGES

OF HEMP FIBER                131

9.4           PHARMACEUTICALS       133

9.4.1        GROWTH IN RESEARCH ON EFFICACY OF HEMP IN TREATING VARIOUS CONDITIONS          133

9.5           PERSONAL CARE PRODUCTS     134

9.5.1        MOISTURIZING AND ANTI-AGING PROPERTIES OF HEMP TO DRIVE DEMAND IN PERSONAL CARE PRODUCTS                 134

9.6           ANIMAL NUTRITION      135

9.6.1        REGULATORY HURDLES FOR INCLUSION OF HEMP IN ANIMAL FEED TO RESTRICT DEMAND  135

9.7           PAPER   137

9.7.1        PREFERENCE FOR ECO-FRIENDLY HEMP IN PAPER PRODUCTION TO DRIVE DEMAND         137

9.8           CONSTRUCTION MATERIALS     138

9.8.1        STRENGTH AND THERMAL INSULATION PROPERTIES OF HEMP TO BOOST DEMAND 138

9.9           BIOFUEL              141

9.9.1        HEMP CONSIDERED CRUCIAL IN GLOBAL TRANSITION TO SUSTAINABLE ENERGY PRACTICES  141

9.9.2        INDUSTRIAL HEMP SEED TYPE/SOURCE FOR BIOFUEL PRODUCTION   142

9.9.2.1    Futura 75                143

9.9.2.2    Kompolti                144

9.9.2.3    X-59        144

9.9.2.4    Finola     145

9.10         OTHER APPLICATIONS 145

10            INDUSTRIAL HEMP MARKET, BY REGION             147

10.1         INTRODUCTION              148

10.2         NORTH AMERICA             150

10.2.1      US           155

10.2.1.1  Regulatory support and strategic initiatives to drive market                 155

10.2.2      CANADA               157

10.2.2.1  Collaboration between industrial hemp manufacturers to drive market    157

10.2.3      MEXICO                158

10.2.3.1  Strategic partnerships and regulatory progress to fuel growth                 158

10.3         EUROPE               160

10.3.1      FRANCE                164

10.3.1.1  Advanced production and processing facilities for industrial hemp to drive market           164

10.3.2      GERMANY           165

10.3.2.1  Regulatory reforms to drive demand for industrial hemp                 165

10.3.3      SPAIN    167

10.3.3.1  Favorable climate for multiple harvests of hemp to fuel demand for industrial hemp products              167

10.3.4      ITALY    169

10.3.4.1  Increase in use as raw materials across industries to fuel demand                 169

10.3.5      UK          170

10.3.5.1  Government licensing changes boost industrial hemp market growth and innovation         170

10.3.6      NETHERLANDS 172

10.3.6.1  Promotion of sustainable agriculture to drive demand for hemp                 172

10.3.7      REST OF EUROPE             173

10.4         ASIA PACIFIC     175

10.4.1      CHINA  179

10.4.1.1  Advancement in technology to drive industrial hemp market                 179

10.4.2      INDIA    181

10.4.2.1  Regulatory support from states to drive demand for industrial hemp products      181

10.4.3      JAPAN   183

10.4.3.1  Increased use of industrial hemp in pharmaceutical application to drive market          183

10.4.4      AUSTRALIA & NEW ZEALAND     185

10.4.4.1  Rise in applications and sustainability of industrial hemp to drive market    185

10.4.5      REST OF ASIA PACIFIC   186

10.5         SOUTH AMERICA             188

10.5.1      BRAZIL 192

10.5.1.1  Increase in medicinal applications of industrial hemp to present growth opportunity for manufacturers              192

10.5.2      ARGENTINA       193

10.5.2.1  Rise in investment in research & development to drive market                 193

10.5.3      REST OF SOUTH AMERICA           195

10.6         REST OF THE WORLD (ROW)      196

10.6.1      AFRICA 200

10.6.1.1  Ghana     202

10.6.1.1.1                Huge market growth potential to present opportunity for industrial hemp manufacturers    202

10.6.1.2  South Africa           203

10.6.1.2.1                Government support through strategies such as Cannabis Master Plan for industrial hemp cultivation to drive market                 203

10.6.1.3  Tanzania                 205

10.6.1.3.1                Entry of global players to boost market demand                 205

10.6.1.4  Rest of Africa        207

10.6.2      MIDDLE EAST   209

10.6.2.1  Region’s supporting regulatory framework to propel demand                 209

11            COMPETITIVE LANDSCAPE         211

11.1         OVERVIEW          211

11.2         KEY PLAYERS’ STRATEGIES/RIGHT TO WIN         211

11.3         REVENUE ANALYSIS       214

11.4         MARKET SHARE ANALYSIS, 2023                 215

11.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 216

11.5.1      STARS   216

11.5.2      EMERGING LEADERS     216

11.5.3      PERVASIVE PLAYERS      216

11.5.4      PARTICIPANTS 217

11.5.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         218

11.5.5.1  Region footprint   219

11.5.5.2  Type footprint       220

11.5.5.3  Application footprint            221

11.5.5.4  Source footprint    222

11.6         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        222

11.6.1      PROGRESSIVE COMPANIES         222

11.6.2      RESPONSIVE COMPANIES            222

11.6.3      DYNAMIC COMPANIES  223

11.6.4      STARTING BLOCKS         223

11.6.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023                 224

11.6.5.1  Detailed list of key startups/SMEs    224

11.6.5.2  Competitive benchmarking of key startups/SMEs          225

11.7         COMPANY VALUATION AND FINANCIAL METRICS                 226

11.8         BRAND/PRODUCT ANALYSIS     227

11.9         COMPETITIVE SCENARIO AND TRENDS                228

11.9.1      PRODUCT LAUNCHES   228

11.9.2      DEALS  230

11.9.3      EXPANSIONS     233

12            COMPANY PROFILES      236

12.1         KEY PLAYERS     236

12.1.1      CURALEAF HOLDINGS, INC.        236

12.1.1.1  Business overview 236

12.1.1.2  Products/Solutions/Services offered 237

12.1.1.3  Recent developments           237

12.1.1.3.1                Product launches  237

12.1.1.3.2                Deals      237

12.1.1.3.3                Expansions             239

12.1.1.4  MnM view              240

12.1.1.4.1                Right to win           240

12.1.1.4.2                Strategic choices   240

12.1.1.4.3                Weaknesses and competitive threats 240

12.1.2      GREEN THUMB INDUSTRIES      241

12.1.2.1  Business overview 241

12.1.2.2  Products/Solutions/Services offered 242

12.1.2.3  Recent developments           242

12.1.2.3.1                Deals      242

12.1.2.3.2                Expansions             243

12.1.2.4  MnM view              243

12.1.2.4.1                Right to win           243

12.1.2.4.2                Strategic choices   243

12.1.2.4.3                Weaknesses and competitive threats 243

12.1.3      CANOPY GROWTH CORPORATION          244

12.1.3.1  Business overview 244

12.1.3.2  Products/Solutions/Services offered 245

12.1.3.3  Recent developments           245

12.1.3.3.1                Product launches  245

12.1.3.3.2                Deals      246

12.1.3.4  MnM view              246

12.1.3.4.1                Key strengths        246

12.1.3.4.2                Strategic choices   246

12.1.3.4.3                Weaknesses and competitive threats 246

12.1.4      AURORA CANNABIS INC.               247

12.1.4.1  Business overview 247

12.1.4.2  Products/Solutions/Services offered 248

12.1.4.3  Recent developments           248

12.1.4.3.1                Product launches  248

12.1.4.3.2                Deals      249

12.1.4.4  MnM view              250

12.1.4.4.1                Key strengths        250

12.1.4.4.2                Strategic choices   250

12.1.4.4.3                Weaknesses and competitive threats 250

12.1.5      THE CRONOS GROUP    251

12.1.5.1  Business overview 251

12.1.5.2  Products/Solutions/Services offered 252

12.1.5.3  Recent developments           252

12.1.5.3.1                Product launches  252

12.1.5.3.2                Deals      253

12.1.5.4  MnM view              254

12.1.5.4.1                Key strengths        254

12.1.5.4.2                Strategic choices   254

12.1.5.4.3                Weaknesses and competitive threats 254

12.1.6      ECOFIBRE LTD 255

12.1.6.1  Business overview 255

12.1.6.2  Products/Services/Solutions offered 256

12.1.6.3  Recent developments           257

12.1.6.3.1                Deals      257

12.1.6.3.2                Expansions             257

12.1.6.4  MnM view              257

12.1.7      HEMPFLAX GROUP B.V. 258

12.1.7.1  Business overview 258

12.1.7.2  Products/Solutions/Services offered 258

12.1.7.3  Recent developments           259

12.1.7.3.1                Deals      259

12.1.7.3.2                Expansions             260

12.1.7.4  MnM view              260

12.1.8      DUN AGRO HEMP GROUP            261

12.1.8.1  Business overview 261

12.1.8.2  Products/Solutions/Services offered 261

12.1.8.3  Recent developments           262

12.1.8.3.1                Expansions             262

12.1.8.4  MnM view              262

12.1.9      FRESH HEMP FOODS LTD            263

12.1.9.1  Business overview 263

12.1.9.2  Products/Solutions/Services offered 263

12.1.9.3  MnM view              264

12.1.9.3.1                Key strengths        264

12.1.10   GENCANNA        265

12.1.10.1                 Business overview 265

12.1.10.2                 Products/Solutions/Services offered 265

12.1.10.3                 Recent developments           266

12.1.10.3.1             Deals      266

12.1.10.4                 MnM view              266

12.1.11   KONOPLEX GROUP         267

12.1.11.1                 Business overview 267

12.1.11.2                 Products/Solutions/Services offered 267

12.1.11.3                 Recent developments           268

12.1.11.3.1             Expansions             268

12.1.11.4                 MnM view              268

12.1.12   CANAH INTERNATIONAL             269

12.1.12.1                 Business overview 269

12.1.12.2                 Products/Solutions/Services offered 269

12.1.12.3                 MnM view              270

12.1.13   MH MEDICAL HEMP GMBH         271

12.1.13.1                 Business overview 271

12.1.13.2                 Products/Solutions/Services offered 271

12.1.13.3                 MnM view              273

12.1.14   LIAONING QIAOPAI BIOTECH CO., LTD.                274

12.1.14.1                 Business overview 274

12.1.14.2                 Products/Solutions/Services offered 274

12.1.14.3                 MnM view              275

12.1.15   IND HEMP           276

12.1.15.1                 Business overview 276

12.1.15.2                 Products/Solutions/Services offered 276

12.1.15.3                 Recent developments           278

12.1.15.4                 MnM view              278

12.2         OTHER PLAYERS              279

12.2.1      SOUTH HEMP TECNO    279

12.2.1.1  Business overview 279

12.2.1.2  Products/Solutions/Services offered 279

12.2.2      HEMPOLAND    280

12.2.2.1  Business overview 280

12.2.2.2  Products/Solutions/Services offered 280

12.2.2.3  Recent developments           281

12.2.3      COLORADO HEMP WORKS, INC.                282

12.2.3.1  Business overview 282

12.2.3.2  Products/Solutions/Services offered 282

12.2.4      BOMBAY HEMP COMPANY PVT. LTD.     283

12.2.4.1  Business overview 283

12.2.4.2  Products/Solutions/Services offered 284

12.2.5      PARKLAND INDUSTRIAL HEMP GROWERS CO-OP. LTD.                 285

12.2.5.1  Business overview 285

12.2.5.2  Products/Solutions/Services offered 285

12.2.6      AMERICAN HEMP LLC    286

12.2.7      HEMP FOUNDATION     287

12.2.8      BLUE SKY HEMP VENTURES LIMITED    287

12.2.9      VALLEY BIO LIMITED    288

12.2.10   EAST MESA INC.                288

13            ADJACENT AND RELATED MARKETS      289

13.1         INTRODUCTION              289

13.2         LIMITATIONS    289

13.3         CANNABIS TESTING MARKET    290

13.3.1      MARKET DEFINITION   290

13.3.2      MARKET OVERVIEW       290

13.4         CANNABIS MARKET        291

13.4.1      MARKET DEFINITION   291

13.4.2      MARKET OVERVIEW       291

14            APPENDIX           293

14.1         DISCUSSION GUIDE        293

14.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                296

14.3         CUSTOMIZATION OPTIONS        298

14.4         RELATED REPORTS         298

14.5         AUTHOR DETAILS           299

LIST OF TABLES

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

LIST OF FIGURES

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