Industrial Hemp Market will grow at 34% CAGR – Global Insights on Trends, Leading Players
The industrial
hemp market is projected to grow at a CAGR of 34% from USD 4.6 billion
in 2019 to USD 26.6 billion by 2025. The growth of this market is attributed to
the increased consumption of hemp-based products due to their various health
benefits and increased incidences of diseases such as epilepsy and other sleep
disorders. However, the complex regulatory structure for the usage of
industrial...
Industrial Hemp Market – Analysis, Trends and Forecasts
The industrial
hemp market is projected to grow from USD 4.6 billion in 2019 to USD
26.6 billion by 2025, recording a compound annual growth rate (CAGR) of 34.0%
during the forecast period. The major factors driving the growth of the
industrial hemp market include increasing legalization in the cultivation of
industrial hemp, functional properties of hemp seed and hemp seed oil, and
their growing...
Industrial Hemp Market – Analysis & Developments
The industrial hemp market is projected to grow from USD 4.6 billion in 2019 to USD 26.6 billion by 2025, recording a compound annual growth rate (CAGR) of 34.0% during the forecast period. The major factors driving the growth of the industrial hemp market include increasing legalization in the cultivation of industrial hemp, functional properties of hemp seed and hemp seed oil, and their growing...
Explore the Jaw-Dropping Growth Potential in Industrial Hemp Market
According to the US Farm Bill 2014, industrial hemp is defined as, “the plant Cannabis sativa L. and any part of such plant, whether growing or not, with a delta-9 tetrahydrocannabinol (THC) concentration of not more than 0.3% on a dry weight basis.”
MarketsandMarkets projects that the global industrial
hemp market is projected to grow from USD 4.6 billion in 2019 to USD 26.6
billion by...
Industrial Hemp Market Qualitative Insights on Application 2025
According to the US Farm Bill 2014, industrial
hemp is defined as, “the plant Cannabis sativa L. and any part of such plant,
whether growing or not, with a delta-9 tetrahydrocannabinol (THC) concentration
of not more than 0.3% on a dry weight basis.”
MarketsandMarkets projects that the global industrial hemp market is projected to grow from USD 4.6 billion in 2019 to USD 26.6 billion by 2025,...