The industrial hemp market is poised for robust growth driven by expanding applications and increasing consumer demand for sustainable products. With supportive regulations and significant investments in cultivation and processing, the market is expected to flourish across various global regions in the coming years.
Global Industrial Hemp Market size was valued at USD 4.25 Billion in 2021 and is projected to reach USD 10.78 Billion by 2028, growing at a CAGR of 16.59% from 2021 to 2028 according to a new report by Intellectual Market Insights Research.
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The industrial hemp market’s growth is fueled by:
▪️ Increasing legalization of hemp cultivation globally.
▪️ Rising consumer awareness regarding sustainable and eco-friendly products.
▪️ Expanding applications of hemp-derived products in industries such as textiles, food and beverages, pharmaceuticals, and personal care.
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India Hemp and Co | Marijuana Company of America. | Cronos Group | Ecofibre Limited | IND HEMP | Industrial Hemp Partners | Hempel A/S. | HempMeds | Hempflax B.V. | American Hemp Ventures | Industrial Hemp | THE HEMP COLLECT | Plain Jane Hemp | Hemp Traders | Hemp Farms Australia | National Albanian Hemp Industry Association | NZ Hemp Industries Association Inc | Green Mountains | Colorado Hemp Works | Charlotte’s Web | CannaCraft| 22nd Century Group, Inc. | Canopy Growth Corporation | Aurora Cannabis Inc. | Tilray Brands, Inc. | Harvest Health & Recreation, Inc. | AgriLife | Sunstrand | Hemptown USA | Green Thumb Industries (GTI). | MEDTERRA LTD | Vital Leaf | Elixinol | Pure Spectrum | Koi CBD | Charlotte’s Web | Endoca | Hempearth Biofuels | US HempCare