Industrial Hemp Market Perspective, Comprehensive Analysis, Growth by 2031Posted by Akshay Solanki on April 22nd, 2022 Industrial hemp, sometimes known as hemp, is a type of Cannabis sativa plant that is grown specifically for commercial purposes. Industrial hemp is a low-cost, fast-growing plant that is also environmentally benign. It is also one of the world’s most versatile and long-lasting crops. The Industrial Hemp Market is being driven by an increase in demand for industrial hemp from businesses such as food and beverage, personal care, and animal care all around the world. Consumer awareness of the benefits of industrial hemp is expected to grow, as is legalization of industrial hemp cultivation in many countries. Industrial hemp is also being used in a variety of industries, including textiles, pharmaceuticals, food, beverage, personal care, construction & material, furniture, and paper. The rising consumption of hemp-based products due to its different health advantages and higher occurrences of ailments such as epilepsy and other sleep disorders are contributing to the market’s growth. The complex legal system for the use of industrial hemp in many nations, on the other hand, is projected to stifle the product’s market expansion. COVID-19 Impact Analysis: With the abrupt breakout of the COVID-19 pandemic, a large number of countries enforced lockdowns and curfews, which had a significant influence on people’s lifestyles, health, and well-being, as well as manufacturing industries, limiting the expansion of the industrial hemp industry. Key Trends and Drivers:
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