Article -> Article Details
| Title | Industrial Hemp Market Focusing on Key Trends, Business Opportunity and Forecast to 2027 |
|---|---|
| Category | Business --> Chemicals |
| Meta Keywords | Industrial Hemp Market, Industrial Hemp Industry, ResearchCMFE |
| Owner | Ruby |
| Description | |
| “Global Industrial Hemp Market – Strategic
Recommendations, Trends, Segmentation, Use Case Analysis, Competitive
Intelligence, Global and Regional Forecast To 2027” The Global Industrial
Hemp Market was valued at USD 3.92 Bn in 2020 and is
expected to reach USD 11.72 Bn by 2027, with a growing CAGR
of 16.7% during the forecast period. Increasing demand
for industrial hemp from the pharmaceutical sector is anticipated to drive the
market growth during the forecast period. Innovation in the use of hemp for
medical purpose is expected to support the market growth. The legal hemp for
CBD production and medicinal cannabis sector is expected to drive the
industrial hemp demand in the near future. Manufacturers are aiming towards
advanced scientific procedures such as in vitro micropropagation to cut
production costs and provide scalable, healthy, and high-quality industrial
hemp varieties. Additionally, the critical need for cost-effective propagation
to meet demand, and the need to establish a properly characterize cultivars
equivalent to be used in traditional agriculture with specific, consistent THC
(Tetrahydrocannabinol) is expected to drive the industrial hemp market growth. Get Sample Copy
of Industrial Hemp Market Report at https://www.alltheresearch.com/sample-request/156 Growing demand for
hemp seeds from the food sector is anticipated to drive the market growth
during the forecast period. Hemp seeds can be used to make a wide range of food
products, including hemp oil, cheese, hemp-based protein powder, and milk. Hemp
contains high protein and vitamin content, and they are majorly used in food
and beverages, supporting the industrial hemp sector growth. Additionally, the
adoption of legality for hemp farming is supporting manufacturers and research
organizations to create new products from industrial hemp. Moreover, the use of
hemp in oil production is expected to drive the industrial hemp market growth
in the near future. The use of hemp in biofuel production is also expected to
support the demand for hemp. Hemp biodiesel is manufactured by using hemp
seed oil and can be used in any conventional diesel engine. Biofuel is one
such use that is expected to have significant growth potential in the coming
years. Some Players
from complete research coverage of Industrial Hemp Industry are:
Read More: https://www.alltheresearch.com/report/156/industrial-hemp Industrial Hemp
Market Segments and Sub-segments Covered in the Report are as per below: The Global
Industrial Hemp Industry Segmentation: Global Industrial
Hemp Market by Source Industry Outlook (Revenue, USD Million, 2021-2027)
Global Industrial
Hemp Market by Hemp Type Industry Outlook (Revenue, USD Million, 2021-2027)
Global Industrial
Hemp Market by Application Industry Outlook (Revenue, USD Million, 2021-2027)
Industrial Hemp
Market Report Customization: Our dynamic and
proprietary data-mining technology has given us the flexibility to maintain
both precision and speed while delivering exclusive and custom insights to our
clients. We conduct
customization of the Research data on all key fronts – Regional, Segment,
Competitive landscape level. For every reported purchase, we offer 50 analyst
hours of free customization. For more
Customization, Connect with us at https://www.alltheresearch.com/customization/156 Geographically,
this report is segmented into several key regions, with sales, revenue, market
share, and growth rate of Industrial Hemp in these regions, from 2016 to 2026,
covering
Recent News: In May 2021, American Cannabis Company, Inc. announced
a definitive agreement to manufacture and distribute “Her Highness” Branded
Products in Colorado. These products are designed and engineered thoughtfully
for women by women and determined to expand the market of female consumers. In April 2021, Hemp, Inc., a global industrial hemp
manufacturer with bi-coastal processing centers, announced its one year
anniversary of Florida’s state hemp program as the Company continues its
massive expansion in the state. Benefits of
Purchasing Industrial Hemp Market Reports:
About Us: AllTheResearch was formed with the aim of making market
research a significant tool for managing breakthroughs in the industry. As a leading
market research provider, the firm empowers its global clients with business-critical
research solutions. The outcome of our
study of numerous companies that rely on market research and consulting data
for their decision-making made us realise, that its not just sheer data-points,
but the right analysis that creates a difference. While some clients
were unhappy with the inconsistencies and inaccuracies of data, others
expressed concerns over the experience in dealing with the research-firm. Also
same-data-for-all-business roles was making research redundant. We identified
these gaps and built AllTheResearch to raise the standards of research support. For More
Details Contact Us: Contact Name: Rohan Email: contactus@alltheresearch.com Phone: +1
(407) 768-2028 Browse More
Related Report: Water
Treatment Chemicals Market Forecast | |