Press release
Industrial Hemp Market Insights 2024-2030: Growth Opportunities and Key Challenges
Industrial Hemp Market
๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ
๐๐ข๐ฌ๐ข๐ง๐ ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง: Hempcrete, a concrete alternative made from industrial hemp, is gaining popularity in sustainable construction due to its insulation properties and carbon sequestration benefits.
๐๐ง๐๐ซ๐๐๐ฌ๐๐ ๐ ๐จ๐๐ฎ๐ฌ ๐จ๐ง ๐๐๐๐ฅ๐ญ๐ก ๐๐ง๐ ๐๐๐ฅ๐ฅ๐ง๐๐ฌ๐ฌ: Hemp-derived products are experiencing a surge in demand for their potential health benefits, contributing significantly to market growth.
๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐ข๐ง ๐ ๐๐ฌ๐ก๐ข๐จ๐ง: Hemp fabrics are emerging as a more sustainable alternative to traditional cotton, propelling growth in the textile sector.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ญ๐ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐ฏ๐ข๐๐ฐ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ @https://www.maximizemarketresearch.com/request-sample/33440/
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ฆ๐๐ซ๐ ๐ข๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ:
The hemp industry in Vietnam is witnessing rapid growth driven by favorable government regulations and increasing awareness of hemp's health benefits. Vietnam's agricultural sector is exploring the potential of hemp as a high-value crop. The recent government approval to grow hemp for medicinal purposes is expected to open significant new opportunities for local farmers and businesses. ๐๐ข๐๐ญ๐ง๐๐ฆ ๐๐๐ฆ๐ฉ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง is one of the leading players in the country, focusing on expanding its hemp cultivation and extraction capabilities.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐๐ก๐๐ข๐ฅ๐๐ง๐:
Thailand is positioning itself as a key player in Southeast Asia's industrial hemp market. The country's progressive stance on legalization, especially for medicinal use, has provided the hemp sector with new growth opportunities. ๐๐ก๐๐ข ๐๐๐ฆ๐ฉ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ ๐๐จ., for example, is expanding its operations to incorporate hemp as a raw material for textiles, biodegradable plastics, and food products. The government's recent investment in hemp research and farming will likely support the industry's further development.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง:
Japan's industrial hemp market is experiencing steady growth as the country explores more eco-friendly materials for its rapidly expanding green economy. The Japanese government's focus on sustainability and clean energy has created a favorable market environment for hemp-based products. ๐๐ฎ๐ง๐ญ๐จ๐ซ๐ฒ ๐๐จ๐ฅ๐๐ข๐ง๐ ๐ฌ, a prominent beverage manufacturer, is exploring the use of hemp in food and beverage products, particularly hemp seeds and oil for their nutritional benefits.
๐๐๐ญ ๐ ๐๐ฅ๐จ๐ฌ๐๐ซ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐ ๐๐ฆ๐-๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/33440/
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐:
South Korea is witnessing a wave of strategic mergers and acquisitions in the hemp sector, driven by the growing demand for hemp-based products and sustainable raw materials. Companies like ๐๐ก๐๐ข๐ฅ ๐๐๐๐๐ง๐ ๐๐จ๐ซ๐ฉ. are actively expanding their portfolios to include hemp-derived ingredients. Mergers in the hemp industry, such as the collaboration between ๐๐ซ๐๐๐ง ๐๐ซ๐จ๐ฐ๐ง ๐๐จ. and ๐๐๐จ ๐๐๐ฆ๐ฉ ๐๐ฅ๐จ๐๐๐ฅ, are helping companies scale up their production capacities to meet both domestic and international demand.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐:
Singapore, known for its strict regulatory framework, has seen recent updates to its laws allowing the controlled import and sale of hemp-derived products. This has opened new market opportunities for local companies like ๐๐๐ฆ๐ฉ ๐๐ข๐๐ ๐๐๐ข๐๐ง๐๐๐ฌ and international firms looking to establish a footprint in Asia. With its strategic location as a business hub, Singapore is poised to become a key player in the industrial hemp market in the Asia-Pacific region.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ:
The United States is one of the largest markets for industrial hemp globally. The passage of the 2018 Farm Bill, which legalized hemp cultivation for industrial purposes, has led to an explosion of interest and investment in the sector. Companies like ๐๐ก๐๐ซ๐ฅ๐จ๐ญ๐ญ๐'๐ฌ ๐๐๐, a leader in the hemp-based market, are leading the charge in the U.S., driving innovation in hemp products for health and wellness. The U.S. is also seeing significant investments in hemp farming infrastructure, with new partnerships between farmers and processing facilities to meet the growing demand for hemp products.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ฏ๐ข๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/33440/
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐:
Europe continues to lead in the adoption of industrial hemp, with several countries adopting progressive policies to foster growth in the sector. ๐๐๐ฆ๐ฉ๐ ๐ฅ๐๐ฑ, a Netherlands-based company, is expanding its operations to meet increasing demand for hemp-based textiles and bioplastics. Mergers and acquisitions in Europe are aimed at scaling up production, such as the recent acquisition of ๐๐ข๐จ๐๐๐ฆ๐ฉ by ๐๐๐ฆ๐ฉ๐๐จ. With its strong industrial base and commitment to sustainability, Europe is well-positioned to be a major player in the global hemp market.
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐ฒ๐ฉ๐
Hemp Seed
Hemp Seed Oil
Hemp Fiber
Hemp seed, hemp seed oil, hemp oil, and hemp fiber are the different market segments. Over the course of the forecast period, the hemp fiber segment is anticipated to dominate the market. The fibers of hemp are classified as hurds (inner short fibers) and bast (outer long strands). The bast fibers are further classified into two groups: primary bast fibers, which can reach a length of 50 mm and contain 50-70% cellulose, and secondary bast fibers, which are only around 2 mm long. Because bast fibers can be spun and knitted, they are primarily used in the textile industry. The short fibers, known as hurds, are about 0.5 mm long and comprise 70-80% of the hemp stalk.
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Food, Beverages
Personal Care Products
Textiles
Pharmaceuticals
Others
Food, drinks, textiles, personal care items, medications, and other categories make up the market's segments. Forecasts indicate that the food segment will dominate the industrial hemp market. This is because hemp is used to make foods that are high in minerals including protein, calcium, zinc, iron, salt, potassium, and magnesium, as well as linoleic and linolenic acid and vitamin E. The most popular way to consume hemp seeds is raw or roasted. It is found in cereals, yogurt, smoothies, and salads. As veganism gains popularity worldwide, it is predicted that the demand for processed foods made from hemp, such as bars, flour, snacks, and cheese, will increase in response to the growing consumption of plant-based protein.
๐๐ฒ ๐๐จ๐ฎ๐ซ๐๐
Organic
Conventional
The market is divided into conventional and organic segments based on the source. Conventional hemp products dominated the industrial market since they are less costly than organic hemp products. Additionally, even though commercial hemp is not certified, it is rich in vitamins and other essential fatty acids.
๐๐๐ญ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/global-industrial-hemp-market/33440/ ๏ปฟ
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
1. Valley Bio Ltd.
2. Hemp, Inc.
3. Terra Tech Corp.
4. American Hemp
5. Ecofiber Industries Operations
6. Botanical Genetics, LLC
7. Marijuana Company of America, Inc.
8. HempMedsBrasil
9. Biotechnology Co.
10.Plains Industrial Hemp Processing Ltd.
11.HempFlax B.V.
12.Industrial Hemp Manufacturing, LLC
13.Boring Hemp Company
14.American Company, Inc.
15.Parkland Industrial Hemp Growers Cooperative Ltd.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
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โฆ Global HER2 Antibodies Market https://www.maximizemarketresearch.com/market-report/global-her2-antibodies-market/85090/
โฆ Global Golf Cart and Neighborhood Electric Vehicle (NEV) Market https://www.maximizemarketresearch.com/market-report/global-golf-cart-and-neighborhood-electric-vehicle-nev-market/43030/
โฆ Global Photosensitive Materials Market https://www.maximizemarketresearch.com/market-report/global-photosensitive-materials-market/82483/
โฆ Global Snowsuit Market https://www.maximizemarketresearch.com/market-report/global-snowsuit-market/82133/
โฆ EVM Card Market https://www.maximizemarketresearch.com/market-report/global-emv-card-market/103491/
โฆ Stainless-Steel Insulated Bottle Market https://www.maximizemarketresearch.com/market-report/global-stainless-steel-insulated-bottle-market/70335/
โฆ First and Last Mile Delivery Market https://www.maximizemarketresearch.com/market-report/global-first-and-last-mile-delivery-market/35552/
โฆ Global Metal Powders for Additive Manufacturing Market https://www.maximizemarketresearch.com/market-report/global-metal-powders-for-additive-manufacturing-market/63568/
โฆ Global Ice-Cream Freezers Market https://www.maximizemarketresearch.com/market-report/global-ice-cream-freezers-market/85949/
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