Industrial Hemp Market Anticipated To Expand At A CAGR Of 19.8% From 2022 To 2030: Introspective Market Research
Industrial Hemp Market Overview and Insights:
According to Introspective Market Research, Industrial Hemp Market Size Was Valued at USD 5.3 Billion in 2022, and is Projected to Reach USD 22.49 Billion by 2030, Growing at a CAGR of 19.8% From 2023-2030.
Industrial hemp, also known as hemp, is a versatile crop that has a wide range of industrial and commercial uses. Hemp is a variety of the Cannabis sativa plant species that is grown specifically for industrial purposes. Unlike marijuana, another variety of Cannabis sativa, hemp contains very low levels of tetrahydrocannabinol (THC), the psychoactive compound responsible for the "high" associated with marijuana. Hemp fiber is one of the most valuable parts of the plant and has been used for thousands of years to make textiles, clothing, rope, paper, and other materials.
Industrial Hemp Market Overview and Insights:
According to Introspective Market Research, Industrial Hemp Market Size Was Valued at USD 5.3 Billion in 2022, and is Projected to Reach USD 22.49 Billion by 2030, Growing at a CAGR of 19.8% From 2023-2030.
Industrial hemp, also known as hemp, is a versatile crop that has a wide range of industrial and commercial uses. Hemp is a variety of the Cannabis sativa plant species that is grown specifically for industrial purposes. Unlike marijuana, another variety of Cannabis sativa, hemp contains very low levels of tetrahydrocannabinol (THC), the psychoactive compound responsible for the "high" associated with marijuana. Hemp fiber is one of the most valuable parts of the plant and has been used for thousands of years to make textiles, clothing, rope, paper, and other materials.
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