According to a new report by Expert Market Research, ‘Global Industrial Hemp Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, the global industrial hemp market size was estimated at USD 4.71 billion in 2019 and is expected to register a revenue-based CAGR of 15.8% over the forecast period.
Competitive Landscape & Supplier Analysis:
- Manitoba Harvest Hemp Foods
- Hemp Inc. (OTCMKTS: HEMP)
- Hemp Oil Canada Inc.
- HempFlax Group B.V.
- Hemp Production Services
- Terra Tech Corp. (OTCMKTS: TRTC)
- Others
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/industrial-hemp-market/requestsample
Increasing application usage in personal care, food & beverage, textile and bio composite industries is projected to drive industrial hemp market size. Rise in hemp oil demand on account of high essential fatty acids content which prevents and alleviate ailments are the factors contributing to industry growth from food & beverage sector.
The global industrial hemp market has been witnessing healthy growth, owing to the use of the product in more than 25,000 products across about nine sectors, including food and beverage, textile, paper, construction, personal care, furniture and automobile. Industrial hemp is an annual plant and almost every part of the plant, such as seed, stalk and flower, is useful in a large number of applications. Industrial hemp is used in the processing and manufacturing of a number of products, which include insulation and construction material, paper, textile, fiberglass, nutraceutical, personal care products, bio-plastics and bio-fuel. It is largely grown for food & beverage as well as non-food based products without the use of toxic chemicals, herbicides, pesticides and fertilizers. Industrial hemp, being a fast growing plant, offers as a renewable and environmentally efficient raw material for the production of various products such as plastic, paper and fuel.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/industrial-hemp-market
However, stringent government regulation over hemp cultivation across the globe, owing to its illegal use and consumption is a key factor restraining growth of the global industrial hemp market. In addition, lack of standard harvesting and cultivation techniques is another factor hampering growth of the global market. However, legalization of hemp cultivation in some countries and increasing R&D activities are factors expected to create lucrative business opportunities for major manufacturers and suppliers in the global market over the next 10 years.
Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally
At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture
We also provide state-of-the-art procurement intelligence through our platform, procurementresource.com Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: Expert Market Research
Contact Person: Mathew Williams, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 138 Duane St, NY 10013
City: New York City
State: New York
Country: United States
Website: https://www.expertmarketresearch.com
