Industrial Hemp Market Size By Region – Global Opportunities & Forecast, 2020-2027

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Oct 11, 2021

Global Industrial Hemp Market

The GMI Research believes that the Industrial Hemp Market will proliferate over the forecast period. This is because of the augmenting implementation of hemp in automotive, furniture, and construction industry.

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Introduction of the Industrial Hemp Market

Hemp is a plant usually used in the industries concerned with the paint, animal feed, personal care products, biofuel, insulation, food & beverages, food, and pharmaceuticals.  

Industrial Hemp Market Dynamics

The principal factors driving the growth of the global Industrial Hemp market includes the surging authorization to harvest hemp across different countries and increasing incidences of acute diseases. In addition, the ongoing technological modernisations and the enlargement in product base will further impel the market growth. The surging consciousness concerned with the advantages of hemp seed and oil have strengthened the market growth. In parallel, the inclination of individuals towards industrial hemp because of its convenient availability is anticipated to offer huge chances of growth to the market.  Hemp seeds are highly nutritious and help to enhance the blood level of fatty acids, reduce the chances of menopause and PMS, allay dry skin, and decrease the chances of heart diseases.

Further, the increasing agitation towards health and changing food pattern of individuals are other factors encouraging the market growth. Countries like excessively invested in research and development activities to expand the product base. In addition, as per the Global Industrial Hemp Market Forecast, the aggrandising demand for oil paints, solvents, printing inks, varnishes, putty, chain-saw lubricants, and the coating is fuelling the market growth. On the other hand, the rising number of managerial structures concerned with the usage of industrial hemp is likely to hinder the Industrial Hemp Market Size.

Industrial Hemp Market Segmentation:

Segmentation by Source
  • Organic
  • Conventional
Segmentation by Type
  • Hemp Seed
  • Hemp Seed Oil
  • Hemp Fiber
  • CBD Hemp Oil
Segmentation by Application
  • Food
  • Beverages
  • Personal Care Products
  • Textiles
  • Pharmaceuticals
  • Others
Segmentation by Region:
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • RoW
    • UAE
    • Brazil
    • South Africa
    • Saudi Arabia

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