NEW YORK , Aug. 13, 2024 /PRNewswire/ -- The global industrial hemp market size is estimated to grow by USD 13.90 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of over 25.25% during the forecast period. High demand from the textile industry is driving market growth, with a trend towards growing strategic collaboration, partnership, and M and A.
However, challenges associated with the production of hemp poses a challenge. Key market players include Aurora Cannabis Inc., Bombay Hemp Co.
Pvt. Ltd., Boring Hemp Co.
, Canopy Growth Corp., Charlottes Web Holdings Inc., CV Sciences Inc.
, Deep Nature Project GmbH, Dun Agro Hemp Group, Ecofibre Ltd., Elixinol Wellness Ltd., GFR Ingredients Ltd.
, Hanma Investment Group Co. Ltd., Hemp Horizons Private Limited, HempFlax Group BV, HemPoland Sp zoo, Liaoning Qiaopai Biotech Co.
Ltd., Medical Marijuana Inc., Nutiva Inc.
, Parkland Industrial Hemp Growers Co op. Ltd., and Tilray Brands Inc.
. Get a detailed analysis on regions, market segments, customer landscape, and companies - Click for the snapshot of this report Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Product (Seeds, Fiber, and Shivs), Application (Textile, Food and beverages, Personal care, Animal care, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa) Region Covered APAC, North America, Europe, South America, and Middle East and Africa Key companies pro.