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,...