Global Industrial Hemp Market is Expected to Reach USD 14.67 Billion By 2026 – Yahoo Finance
Industrial Hemp Market by Product (Seeds, Fiber, Shivs), Nature, Application Region Global Industry Analysis, Market Product, Share, Growth, Trends, and Forecast 2019 to 2026". As per the report, the global industrial hemp market is expected to grow from USD 4.41 Billion in 2018 to USD 14.67 Billion by 2026 at a CAGR of 16.2% during the forecast period 2019-2026. Increasing demand in application industries and growing legalization of hemp cultivation are the two factors which may boost the growth of the industrial hemp market.” data-reactid=”12″>New Jersey, NJ, July 08, 2019 (GLOBE NEWSWIRE) — Fior Markets launched a study titled “Industrial Hemp Market by Product (Seeds, Fiber, Shivs), Nature, Application Region Global Industry Analysis, Market Product, Share, Growth, Trends, and Forecast 2019 to 2026“. As per the report, the global industrial hemp market is expected to grow from USD 4.41 Billion in 2018 to USD 14.67 Billion by 2026 at a CAGR of 16.2% during the forecast period 2019-2026. Increasing demand in application industries and growing legalization of hemp cultivation are the two factors which may boost the growth of the industrial hemp market.
Industrial hemp is defined as a broad-leaved plant including taproot which is capable of rapid growth under perfect growing conditions. It also includes the by-products of hemp plants and plant part. For example, by-products are considered as industrial hemp and include hemp flour and hemp seed oil. Industrial hemp is used in producing a large number of products, including construction and insulation materials, paper products, fiberglass, textiles, biofuel, nutraceuticals, bio-plastics, etc. It can be grown for food and non-food products without relying on toxic chemical pesticides, herbicides, and fertilizers.
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All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
This study forecasts revenue growth and volume at global, regional, and country levels from 2016 to 2026. Fior Markets has segmented the global industrial hemp market on the basis of below mentioned segments:
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Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients’ objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market intelligence research reports including industries like technology, pharmaceutical, consumer goods, food and beverages, chemicals, media, materials and many others. Our Strategic Intelligence capabilities are purposely planned to boost your business extension and elucidate the vigor of diverse industry. We hold distinguished units of highly expert analysts and consultants according to their respective domains. The global market research reports we provide involve both qualitative and quantitative analysis of current market scenario as per the geographical regions segregated and comprehensive performance in different regions with global approach. In addition, our syndicated research reports offer a packaged guide to keep companies abreast of the upcoming major restyle in their domains. Fior Markets facilitates clients with research analysis that are customized to their exact requirements, specifications and challenges, whether it is comprehensive desk research, survey work, composition of multiple methods, in-detailed interviewing or competitive intelligence. Our research experts are experienced in matching the exact personnel and methodology to your business need.
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Blog: http://fmrblog.com” data-reactid=”83″>Avinash DHead of Business DevelopmentFior Market Research LLPPhone: +1-201-465-4211Email: sales@fiormarkets.comWeb: www.fiormarkets.comBlog: http://fmrblog.com
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