Industrial Hemp Market Key Players, Dynamics and Technological Advancement 2028Posted by Supriya Kokate on October 8th, 2021 The global industrial hemp market is expected to reach USD 15.48 Billion by 2028, according to a new report by Reports and Data. Hemp may be cultivated as a renewable source for raw materials that can be implemented into numerous products. It is a lucrative rotation crop for farmers attributing to the characteristics of hemp to take in CO2, detoxify the soil, and inhibit soil erosion. Hemp seeds and flowers find application in health foods, organic cosmetic products, and other nutraceuticals (pharmaceutical- and standardized nutrient) whereas the fibers and stalks are incorporated in construction materials, hemp clothing, paper, plastic composites, and biofuel among others. The total revenue generated from the sales of hemp products in the U.S. contributed to a substantial share of the global market. However, all the raw materials in various industries were imported from other countries. Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1372 Surging population and an increase in the level of disposable income are anticipated to boost demand for high-quality cosmetics, protein supplements, and health food products among others. Increase in demand for the above-mentioned products is likely to drive the market growth in the forecast period. There is also a huge market due to the growing health awareness among consumers, which in turn, would fuel the market demand for natural industrial hemp products. According to updated Farm Bill 2020, on must seek permission from the Drug Enforcement Agency (DEA) to cultivate industrial hemp in the U.S. Key participants include CBD Biotechnology Company Limited, Marijuana Company of America Inc., Botanical Genetics LLC, HempMeds Brasil, Terra Tech Corp, Industrial Hemp manufacturing LLC, American Hemp, Plains Industrial Hemp Processing Limited, Hemp Food Australia, Blue Sky Hemp Ventures Limited, and Hemp Oil Canada among others For the purpose of this report, Reports and Data have segmented global industrial hemp market on the basis of product type, source, applications, and region: Product Type Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
Source Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
Applications Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
Regional Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
Further key findings from the report suggest
Key Features of the Industrial Hemp Market Report:
Table of Contents Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2018-2028 Chapter 3. Indicative Metrics Chapter 4. Industrial Hemp Segmentation & Impact Analysis 4.1. Industrial Hemp Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Surging demand for industrial hemp in end-use applications 4.2.2.2. Increasing health awareness among consumers Continued…. Thank you for reading the report. Kindly contact us to know more about the report and also customization feature where we provide report with modifications as per client requirement. About Reports and Data Like it? Share it!More by this author |