Industrial HempAgriculture Market Size, Share 2024

India Industrial Hemp in Agriculture market size was valued at US$ 43.6 million in 2024 and is projected to reach US$ 78.1 million by 2030, at a CAGR of 10.2% during the forecast period 2024-2030.

Cultivation and processing of hemp (Cannabis sativa L.) varieties with low THC content for industrial and agricultural purposes, including fiber, seed, and oil production.
The Indian Industrial Hemp in Agriculture market is showing promising growth, driven by increasing recognition of hemp's versatile applications, government initiatives to promote alternative crops, and growing demand for sustainable agricultural products.

Key factors include the potential for hemp as a rotational crop to improve soil health, rising interest in natural fibers for textiles and construction materials, and the expanding market for hemp-derived products in food and wellness sectors. The industry is seeing developments in hemp cultivation techniques adapted to Indian agronomic conditions and climate zones. There's a growing trend towards developing high-yield hemp varieties suitable for different end-use applications, from fiber to seed production. Challenges include navigating the regulatory landscape surrounding hemp cultivation and addressing misconceptions about hemp due to its association with marijuana. The market is benefiting from advancements in processing technologies that improve the efficiency of hemp fiber and oil extraction.

Key players are investing in developing value-added hemp products, including textiles, building materials, and CBD-infused consumer goods. There's increasing focus on promoting hemp as a sustainable alternative to traditional crops, particularly in water-stressed regions. The industry is also exploring the potential of hemp in phytoremediation and as a carbon sequestration crop. As India seeks to diversify its agricultural sector and promote sustainable farming practices, the industrial hemp market is positioned for significant growth. The market is witnessing interest from both agricultural and industrial sectors, recognizing hemp's potential to support rural economies. Companies are developing partnerships across the value chain, from farmers to processors and end-product manufacturers, to create a robust hemp industry ecosystem.

The industry faces challenges in terms of establishing standardized cultivation practices and quality control measures for hemp production. However, the versatility of hemp, its potential environmental benefits, and growing global demand for hemp-derived products suggest a positive outlook for the industrial hemp in agriculture market in India.

This report contains market size and forecasts of Industrial Hemp in Agriculture in India, including the following market information:

•    India Industrial Hemp in Agriculture Market Revenue, 2019-2024, 2024-2030, ($ millions)
•    India Industrial Hemp in Agriculture Market Sales, 2019-2024, 2024-2030,
•    India Top five Industrial Hemp in Agriculture companies in 2023 (%)

Report Includes

This report presents an overview of India market for Industrial Hemp in Agriculture , sales, revenue and price. Analyses of the India market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report focuses on the Industrial Hemp in Agriculture sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the India Industrial Hemp in Agriculture market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

•    Hemp Seed
•    Hemp Oil

Segment by Applications

•    Agriculture
•    Planting

Key Companies covered in this report:

•    Bombay Hemp Company (BOHECO)
•    HempCann Solutions
•    India Hemp Organics
•    Namrata Hemp Company (NHCO)
•    Vedi Herbals
•    Hemp Foundation
•    Shivsu Canadian Clear
•    B.E. Hemp India
•    Health Horizons
•    GreenJams

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

•    Key companies Industrial Hemp in Agriculture revenues in Indian market, 2019-2024 (Estimated), ($ millions)
•    Key companies Industrial Hemp in Agriculture revenues share in Indian market, 2023 (%)
•    Key companies Industrial Hemp in Agriculture sales in Indian market, 2019-2024 (Estimated),
•    Key companies Industrial Hemp in Agriculture sales share in Indian market, 2023 (%)

Key Indicators Analysed

•    Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
•    Indian Market Analysis: The report includes Indian market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
•    Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
•    Opportunities and Drivers: Identifying the Growing Demands and New Technology
•    Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Benefits of This Market Research:

•    Industry drivers, restraints, and opportunities covered in the study
•    Neutral perspective on the market performance
•    Recent industry trends and developments
•    Competitive landscape & strategies of key players
•    Potential & niche segments and regions exhibiting promising growth covered
•    Historical, current, and projected market size, in terms of value
•    In-depth analysis of the Industrial Hemp in Agriculture Market
•    Overview of the regional outlook of the Industrial Hemp in Agriculture Market

Key Reasons to Buy this Report:

•    Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
•    This enables you to anticipate market changes to remain ahead of your competitors
•    You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents
•    The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
•    Provision of market value (USD Billion) data for each segment and sub-segment
•    Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
•    Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
•    Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
•    Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
•    The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
•    Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
•    Provides insight into the market through Value Chain
•    Market dynamics scenario, along with growth opportunities of the market in the years to come
•    6-month post-sales analyst support

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