Industrial Hemp Strategic Industry Research Report 2024-2030 - Rising Legalization of Hemp Cultivation and Growing Use in Bioplastics and Bio-Composites Expands Market Opportunities [Yahoo...
HEMP INC (HEMP)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: Yahoo! Finance
The global market for Industrial Hemp was estimated at US$7.5 Billion in 2023 and is projected to reach US$23.3 Billion by 2030, growing at a CAGR of 17.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. Industrial hemp is rapidly emerging as a versatile and sustainable crop with applications across a wide range of industries. Derived from the Cannabis sativa plant, industrial hemp is cultivated specifically for its low tetrahydrocannabinol (THC) content, making it non-psychoactive and legal for industrial use in many regions. Hemp fibers are extensively used in textiles, automotive parts, bioplastics, and construction materials due to their strength and eco-friendly properties. The seeds, rich in proteins and essential fatty acids, are gaining popularity in the food and beverage industry. Furthermore, hemp-derived oils and cannabinoids like cannabidiol (CBD) are bei
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