Industrial Hemp Market Size & Industry Report 2021-2027

1. Industrial Hemp Market is Expected to Reach to USD 11.72 Bn with CAGR of 16.7% by 2027 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 latest Market Research Report “Industrial Hemp Market 2021 by Key Players, Regions, Type, and Application, forecast to 2027” published by AllTheResearch, features an analysis of the current and future scenario of the global Industrial Hemp market. The Global Industrial Hemp Market is expected to grow from USD 3.92 Bn in 2020 to USD 11.72 Bn by 2027, at a CAGR of 16.7% during the forecast period 2021-2027. 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. Request for sample copy of the report including Toc, and Figures with detailed information @ https://www.alltheresearch.com/sample-request/156 Global Industrial Market Report Overview: The report overview includes studying the market scope, leading players like HempMeds Brasil, Terra Tech Corp., American Cannabis Company, Inc., Marijuana Company of America Inc, HempFlax B.V., Industrial Hemp Manufacturing, LLC, American Hemp, Parkland Industrial Hemp Growers , Cooperative Ltd., CBD Biotechnology Co., Hemp, Inc., Boring Hemp Company, Plains Industrial Hemp Processing Ltd., Ecofiber Industries Operations, Botanical Genetics, LLC, Valley Bio Limited etc., market segments and sub-segments, market analysis by type, application, geography. The report covers Leading Countries and analyzes the potential of the global Industrial Hemp industry, providing statistical information about market dynamics, growth factors, major challenges, and market entry strategy Analysis, opportunities, and forecasts. The biggest highlight of the report is to provide companies in the industry with a strategic analysis of the impact of COVID-19. COVID-19 Impact Analysis on Industrial Hemp Market: The COVID-19 pandemic had moderately impacted many lives and businesses across the globe which result in the slowdown of economies. The supply chain for the raw materials was moderately affected during the lockdown situation. The demand for hemp from the personal care products sector increased unexpectedly. For instance, the entire increase represents marijuana's mainstreaming in American society, with state and municipal governments progressively acknowledging the worth and benefits of medicinal marijuana in the face of the COVID-19 pandemic. Especially, in the United States, new customers emerged to use cannabis drinks to strengthen their immunity, as well as medicines made from marijuana or cannabis, which are commonly used to relieve physical discomfort. On March 23rd, 2020, sales for hemp in Denver were up 392 % compared to the same previous week due to the stay-at-home ruling. Following the closure of in-person retail operations by the state, a Reno delivery business witnessed a 400 % increase in sales. In the United States, when legalised

2. sales existed, the decision of whether a retail store should close or remain open as critical infrastructure was made. The Major Companies Covered in Industrial Hemp Market Report are: •HempMeds Brasil •Terra Tech Corp. •American Cannabis Company, Inc. •Marijuana Company of America Inc •HempFlax B.V. •Industrial Hemp Manufacturing, LLC •American Hemp •Parkland Industrial Hemp Growers •Cooperative Ltd. •CBD Biotechnology Co. •Hemp, Inc. •Boring Hemp Company •Plains Industrial Hemp Processing Ltd. •Ecofiber Industries Operations •Botanical Genetics, LLC •Valley Bio Limited Read More: https://www.alltheresearch.com/report/156/industrial-hemp The Global Industrial Hemp Market Segmentation: By Source Industry Outlook •Organic •Conventional By Hemp Type Industry Outlook •Fiber •Seed •Oil By Application Industry Outlook •Personal Care Products •Pharmaceuticals •Food & Beverages •Others Regional Analysis: •North America •Europe •Asia Pacific •Rest of the World

3. Mexico's textile sector benefits from the NAFTA agreement, which provides free commerce between the United States, Canada, and Mexico. Now, as a result of the United States-Mexico-Canada Agreement (USMCA), also known as NAFTA 2.0. This trade agreement provides easy access to the transport of hemp in these regions which is anticipated to drive the market growth during the forecast period. Key Findings: •Based on source, conventional segment held the largest market share during the forecast period •Based on application, food & beverage segment accounted for the largest market share in 2020 •Based on region, Asia-Pacific dominated the industrial hemp market during the forecast period The report also provides in-depth analysis of recent news developments and investments •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. Reasons for Buying this Report: •This Industrial Hemp Market report provides pin-point analysis for changing competitive dynamics •It provides a forward-looking perspective on different factors driving or restraining market growth •It provides a six-year forecast assessed based on how the market is predicted to grow •It helps in understanding the key product segments and their future •It provides pinpoint analysis of changing competition dynamics and keeps you ahead of competitors 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 realize, that it's 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 were making research redundant. We identified these gaps and built AllTheResearch to raise the standards of research support. For All Your Research Needs, Reach Out to Us: Contact Name: Rohan S.

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