Industrial Hemp Market to hit $270 million by 2025: Global Market Insights, Inc.

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GlobeNewswireMay 14, 2019

The North American region, driven by Canada and the U.S. industrial hemp market is expected to achieve 4.5% CAGR up to 2025 supported by growing popularity of cannabidiol or CBD products.

Selbyville, Delaware, May 14, 2019 (GLOBE NEWSWIRE) —

France industrial hemp market demand is poised to exceed USD 2 million up to 2025. It is widely used in horse bedding owing to its superior performance and effectiveness. They have higher absorption capacity for odors and droppings which helps in improving animal wellbeing, healthy conditions, and reducing mortality thereby driving the regional growth.

China is the major producer and consumer of industrial hemp fibers for their applications in manufacturing of bio-based textile is projected to register significant gains at over 4% by the end of forecast period. Rising demand for renewable, biodegradable, recyclable, and durable textiles including apparels, twine, ropes, nets, carpets and geotextiles may boost the regional industrial hemp market demand.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3306

American Hemp, American Cannabis Company, Terra Tech Corp., and Marijuana Company of America are the key industrial participants in industrial hemp market. Companies are focusing on advancement in processing equipment and technology to improve productivity and offering products with higher quality and in less time, which have a major impact on creating competitive environment in the market.

Global Industrial Hemp Market is poised to cross USD 270 million by 2025; according to a new research report by Global Market Insights, Inc. Increasing consumer demand for nutritionally favorable CBD oil which is a rich source of fatty acids is likely to drive industrial hemp market demand. CBD oil is widely used in personal care creams, lotions and cosmetic products on account of high amino acids concentration helps reduce wrinkles, create a de-aging effect and reduce skin irritation. The product is widely used in therapeutic purposes for treating various chronic diseases.

Growing demand for industrial hemp fibers market from bio composites applications may witness significant gains up to 5% by 2025 owing to superior properties such as high mechanical strength and light weight. Hemp fibers along with PP compounds are primarily used in production of automotive interior parts such as trim, dashboard, liners, and door panels and projected to drive market growth with rising light weight automotive and sport cars demand.

Browse key industry insights spread across 240 pages with 298 market data tables and 34 figures & charts from the report, “Industrial Hemp Market By Product (Seeds [By Derivative Product {Hemp Oil, Seed Cake, Meat, Shell}, By Application {Food & Beverages, Animal Feed, Personal Care}], Fiber [By Application {Bio-Composites, Building Materials, Textiles, Pulp & Paper}], Shives [By Application {Animal Bedding, Building Material, Garden Mulch}]), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, South Korea, Thailand, Australia, Brazil, Chile, South Africa, Egypt), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/industrial-hemp-market

Industrial hemp shives market demand from building material may expect consumption at over xx kilo tons over the predicted timeframe. Hempcrete is a mixture of shives and lime which is used as a building material majorly in European Union on account of its light weight and insulating characteristics. It is also used in ceiling insulation, floor slabs, and internal coating for renovation of stone walls. The walls constructed are highly breathable, which controls moisture and condensation and improves internal air quality thereby fueling the product segment.

Industrial hemp seeds market demand in the U.S. may witness significant gains at over 5.5% during the forecast period. Increasing consumer demand for CBD oil for their applications in personal care on account of medical benefits including restorative and natural healing properties are the factors regarding the market growth in the region. Rising personal care products is projected to propel CBD skin care products demand to boost skin hydration which is an important factor for consumers suffering from skin-related conditions such as eczema, dryness and psoriasis, thereby driving industrial hemp market growth.

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