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The industrial hemp market is assessed to develop at a CAGR of 21.25% to arrive at US$5,408.026 million out of 2024 from US$1,701.850 million out of 2018. The growing interest in innovative work of new items, alongside mergers and acquisitions, is imperative to keep the industrial hemp market growth steady.<br><br>For more information visit here:https://www.knowledge-sourcing.com/report/industrial-hemp-market<br>
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Industrial Hemp Market Forecast From 2019 to 2024
DESCRIPTION As per the latest reports by Knowledge Sourcing Intelligence, The industrial hemp market is estimated to grow at a CAGR of 21.25% to reach US$5,408.026 million in 2024 from US$1,701.850 million in 2018. Hemp, or industrial hemp, is a plant species that is grown specifically for the industrial uses. It is one of the fastest-growing plants. It includes the by-products of hemp plants and plant parts. For example, by-products are considered as industrial hemp and include hemp flour and hemp seed oil. Industrial hemp is used in producing a large number of products, including construction and insulation materials, paper products, fiberglass, textiles, bio-fuel, nutraceuticals, bio-plastics, etc. It can be grown for food and non-food products without relying on toxic chemical pesticides, herbicides, and fertilizers.
Key Questions Answered By The Report • What will be Industrial Hemp Marketfrom 2019 to 2024? • How are the major drivers and restraints affecting the Industrial Hemp Market? • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Under Industrial Hemp Market are : • By Type • Hemp Seed • Hemp Seed Oil • Hemp Fiber • CBD Hemp Oil • By Source • Organic • Conventional • By Application • Food • Beverages • Personal Care Products • Textiles • Pharmaceuticals
Geography North America USA Mexico Canada South America Brazil Others
Geography Europe United Kingdom Germany France Others Middle East and Africa Israel Others
Geography Asia Pacific China Japan South Korea Others
COMPANY PROFILES • Hempco Food and Fiber Inc. • Ecofibre Ltd. • Hemp Inc. • Hempflax BV • Konoplex Group • Hemp Poland • Dun Agro • Canah International • GenCanna • South Hemp Tecno
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