Industrial Hemp market By Region – Global Opportunities & Forecast, 2020-2027
Global Industrial Hemp Market
As per the GMI Research report, the Industrial Hemp Market will encounter a massive growth over the forecast period. This is because of the aggravating application of hemp fiber in several industries, which include, construction, furniture, and agriculture.
Request a FREE Sample Report of Industrial Hemp Market
Industrial Hemp Market Dynamics
The surging consciousness towards the advantages of hemp seed and oil and the accelerating number of infectious diseases are the foremost forces supplementing the growth of the global Industrial Hemp Market. Consumers across the nation are choosing for industrial hemp because of its convenient availability which will further stimulate the market growth. Further, the ordinance to grow industrial hemp in several nations and the increasing implementation of hemp in different food applications will bolster the market growth. Additionally, the ongoing technological modernisation and the extension in product offering will offer huge opportunities for the market growth.
Germany and Netherlands are increasingly investing in research and development activities. The increasing agitation towards health and changes in diet patterns will largely influence the market growth. Hemp seeds proffer several nutritional benefits, such as, less chances of heart disease, reduces PMS and Menopause symptoms, and soothes dry skin which will complement the market growth. In addition, as per the Industrial Hemp market report, the growing demand for solvents and varnishes is projected to propel the market growth. However, the accelerating number of complicated managerial schemes towards the application of industrial hemp will hinder the Industrial Hemp market size.
Regional Drivers
Based on the regional analysis, the Asia Pacific region is anticipated to lead the industrial hemp market over the coming years. This is because of the exacerbating consumption and manufacturing of hemp fiber in the paper and textile sector. In parallel, the European region is expected to witness a significant growth during the coming years. This is due to the aggravating usage of hemp seeds guided by its huge application in several food items such as cereals, yogurt, bars, and smoothies, primarily in Germany and the Netherlands.
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
For More Info:
Facebook Conversations