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Industrial Hemp Market is expected to witness Incredible Growth during 2021-2031 | Hempco, Ecofibre, Hemp Inc, Gencanna, Agropro

07-25-2022 05:17 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Global Insight Services

Industrial Hemp Market

Industrial Hemp Market

Industrial hemp, sometimes known as hemp, is a type of Cann*bis sativa plant that is grown specifically for commercial purposes. Industrial hemp is a low-cost, fast-growing plant that is also environmentally benign. It is also one of the world's most versatile and long-lasting crops.

The market is being driven by an increase in demand for industrial hemp from businesses such as food and beverage, personal care, and animal care all around the world. Consumer awareness of the benefits of industrial hemp is expected to grow, as is legalization of industrial hemp cultivation in many countries. Industrial hemp is also being used in a variety of industries, including textiles, pharmaceuticals, food, beverage, personal care, construction & material, furniture, and paper.

Read more about Industrial Hemp Market here: https://www.globalinsightservices.com/reports/industrial-hemp-market/

The rising consumption of hemp-based products due to its different health advantages and higher occurrences of ailments such as epilepsy and other sleep disorders are contributing to the market's growth. The complex legal system for the use of industrial hemp in many nations, on the other hand, is projected to stifle the product's market expansion.

COVID-19 Impact Analysis:

With the abrupt breakout of the COVID-19 pandemic, a large number of countries enforced lockdowns and curfews, which had a significant influence on people's lifestyles, health, and well-being, as well as manufacturing industries, limiting the expansion of the industrial hemp industry.

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Key Trends and Drivers:

- Only small levels of tetrahydrocannabinol (THC) are found in hemp seeds produced from the plant "Cann*bis sativa" . They are high in linoleic (omega-6) and linolenic (omega-3) essential fatty acids (omega-3).
- Hemp seeds have enough protein to be considered a valuable complement to a vegan diet, unlike most other plant-based foods, making it unique.
- Industrial hemp is a tough, durable natural fiber with little elasticity. Hemp fiber has the highest heat capacity ratio of all natural fibers and has excellent heat insulation.

Key Players:

- Hempco
- Ecofibre
- Hemp Inc
- Gencanna
- Agropro
- Manitoba Harvest Hemp Foods
- Hempro International

Get a Customized Scope to Match Your Need Ask an Expert: https://www.globalinsightservices.com/request-customization/GIS10042/

With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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