Press release
Hemp Market Capacity, Production, Product Cost, Volumes, And Investment Opportunities 2019-2025
Hemp manufacturers are prophesied to make themselves stand out from the rest of the competition by setting new quality standards. In June 2019, US producer of cannabidiol (CBD) hemp, GenCanna received the Current Good Manufacturing Practices and Brand Reputation Compliance Global Standard for Food Safety certificates. Earlier that year, the company unveiled its first patentable THC-free non-genetically modified organisms (GMO) hemp genetics.
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Players to Concentrate on Vertical Integration to Expand Growth
Some of the leading hemp manufacturers are Hempco, Ecofibre, Hemp Inc., GenCanna, HempFlax BV, Elixinol Global Limited, Konoplex Group, Canopy Growth Corporation, Hemp Oil Canada, Cannoid, BAFA, ENDOCA, Hemp Poland, MH Medical Hemp, Dun Agro, Plains Industrial Hemp Processing, Colorado Hemp Works, Canah International, and South Hemp Tecno.
By Type
● CBD Hemp Oil
● Hemp Seed
● Hemp Fiber
● Hemp Oil
By Nature
● Organic
● Conventional
By Application
● Food
● Beverages
● Cosmetics
● Textiles
● Pharmaceuticals
On the basis revenue, hemp seed is forecast to rise at a significant CAGR due to increase in demand for nutraceuticals, seedcakes, and oil. The global hemp market is also segmented into conventional and organic by nature.
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