New Feature. You can post a deal now, try to post your first deal to help others save money.
OKUpdata
Hey! Thank you so much for your support and quality posts for V Show!
And congratulations on becoming our Vipon Associated Editor.
From now on, in addition to getting 10 points for each post (up to 30 points daily), we will regularly review each of your articles, and each approved article (tagged with Featured label) will be paid an additional $50.
Note: Not all articles you posted will get $50, only those that meet our requirements will be paid, and articles or contents that do not meet the requirements will be removed.
Please continue to produce high quality content for organic likes. Our shoppers love seeing your stories & posts!
Congratulations! Your V SHOW post Planting Tips has become our Featured content, we will pay $50 for this post. Please check on your balance. Please continue to produce high quality original content!
The global industrial hemp market revenue, valued at USD 7.90 billion in 2023, is poised for substantial growth, projected to reach USD 9.47 billion in 2024 and surge to USD 47.82 billion by 2032. This impressive growth, at a compound annual growth rate (CAGR) of 22.44%, is primarily driven by the legalization of medical cannabis across more than 30 countries, including Australia, Argentina, Colombia, Brazil, Canada, Ireland, Germany, and Denmark.
Industrial hemp, a cannabis variety known for its non-psychoactive properties, is cultivated in over 30 countries for its seeds and stalks, which serve diverse industrial applications. Hemp seeds are extensively used in the food and personal care industries and in the production of paints and chemicals. Meanwhile, hemp stalks are processed into bast fiber and hurd fiber; bast fiber is primarily used in consumer and technical textiles, while hurd fiber finds applications in construction, paper manufacturing, and the automotive sector.
A key driver of the industrial hemp market’s expansion is the growing demand across sectors like food and beverages, textiles, and dietary supplements. Known for its nutritional benefits and eco-friendly characteristics, industrial hemp is increasingly popular among health-conscious consumers. Rising health and wellness trends are boosting demand for hemp-based foods, supplements, and hemp oil, with the latter gaining prominence in cosmetics and personal care for its antioxidant properties. This shift towards health-focused products is a critical factor propelling the ongoing growth of the industrial hemp market.
Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/industrial-hemp-market-102459
List of Key Players Mentioned in the Report:
Segmentation:
Conventional Segment Projected to Lead Market Expansion with Increasing Product Applications
The industrial hemp market is categorized into organic and conventional segments based on source, with the conventional segment expected to experience robust growth. This expansion is fueled by the segment's broadening applications across industries such as paper, textiles, and automotive.
Within product types, the hemp fiber segment is projected to grow significantly due to its rising use in the automotive and textile sectors. The market further divides into hemp fiber, hemp seed oil, hemp seeds, and other products, with hemp fiber anticipated to see notable growth throughout the forecast period, largely due to its applications in paper, automotive, and textile manufacturing.
Sustainability's growing importance is also poised to elevate the role of the textile segment within the hemp market, as demand for environmentally conscious materials increases.
Regarding applications, the market is segmented into pharmaceuticals, beverages, food (including functional and dietary options), personal care and cosmetics, and others. The textile industry holds a substantial share and is expected to expand significantly, driven by rising consumer awareness of sustainability and climate change.
Regionally, the industrial hemp market is analyzed across Asia Pacific, Europe, North America, South America, and the Middle East and Africa, highlighting key growth opportunities worldwide.
Information Source: https://www.fortunebusinessinsights.com/industrial-hemp-market-102459
Report Coverage:
The report provides an in-depth analysis of the primary drivers, challenges, and factors shaping the growth of the industrial hemp market. It highlights major market trends and examines the effects of the COVID-19 pandemic on product sales. Furthermore, the report details the strategic initiatives and actions taken by leading companies to secure a competitive advantage in the market.
Drivers and Restraints:
Market Value of Hemp Products Will Increase Due to Increased International Trade
The industrial hemp market’s growth is largely driven by rising demand for hemp-based products across sectors such as food, medicine, and textiles. Additionally, the growing demand for hemp fiber processing in multiple countries supports this positive trend.
However, stringent regulations surrounding the production, distribution, and marketing of industrial hemp could pose challenges to market expansion. These regulatory hurdles may hinder growth, despite the strong underlying demand.
Regional Insights:
Due to the region's increasing product consumption, Europe is the leading region.
Throughout the study period, Europe’s industrial hemp market is anticipated to see substantial growth, driven by increasing demand for hemp products across the region. Likewise, the Asia-Pacific market is expected to expand significantly, primarily due to the widespread use of hemp in paper and textile manufacturing industries.
Competitive Landscape:
Big Businesses Form Partnerships to Boost Their Market Position
Leading players in the industrial hemp market are actively pursuing strategic initiatives to strengthen their positions. These efforts include forming alliances, establishing partnerships, and engaging in collaborations. Additionally, acquisitions, mergers, and similar strategies play a crucial role in expanding market reach and boosting competitiveness.
Inquire Before Buying This Report: https://www.fortunebusinessinsights.com/enquiry/enquiry/industrial-hemp-market-102459
Key Industry Development
February 2023 - Alcott Enterprises, a managed services and IT consulting firm, has formed a partnership with Flourish Software to enhance implementation services, technical support, expertise, and integration capabilities tailored to the needs of hemp companies.
The global industrial hemp market revenue, valued at USD 7.90 billion in 2023, is poised for substantial growth, projected to reach USD 9.47 billion in 2024 and surge to USD 47.82 billion by 2032. This impressive growth, at a compound annual growth rate (CAGR) of 22.44%, is primarily driven by the legalization of medical cannabis across more than 30 countries, including Australia, Argentina, Colombia, Brazil, Canada, Ireland, Germany, and Denmark.
Industrial hemp, a cannabis variety known for its non-psychoactive properties, is cultivated in over 30 countries for its seeds and stalks, which serve diverse industrial applications. Hemp seeds are extensively used in the food and personal care industries and in the production of paints and chemicals. Meanwhile, hemp stalks are processed into bast fiber and hurd fiber; bast fiber is primarily used in consumer and technical textiles, while hurd fiber finds applications in construction, paper manufacturing, and the automotive sector.
A key driver of the industrial hemp market’s expansion is the growing demand across sectors like food and beverages, textiles, and dietary supplements. Known for its nutritional benefits and eco-friendly characteristics, industrial hemp is increasingly popular among health-conscious consumers. Rising health and wellness trends are boosting demand for hemp-based foods, supplements, and hemp oil, with the latter gaining prominence in cosmetics and personal care for its antioxidant properties. This shift towards health-focused products is a critical factor propelling the ongoing growth of the industrial hemp market.
Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/industrial-hemp-market-102459
List of Key Players Mentioned in the Report:
Segmentation:
Conventional Segment Projected to Lead Market Expansion with Increasing Product Applications
The industrial hemp market is categorized into organic and conventional segments based on source, with the conventional segment expected to experience robust growth. This expansion is fueled by the segment's broadening applications across industries such as paper, textiles, and automotive.
Within product types, the hemp fiber segment is projected to grow significantly due to its rising use in the automotive and textile sectors. The market further divides into hemp fiber, hemp seed oil, hemp seeds, and other products, with hemp fiber anticipated to see notable growth throughout the forecast period, largely due to its applications in paper, automotive, and textile manufacturing.
Sustainability's growing importance is also poised to elevate the role of the textile segment within the hemp market, as demand for environmentally conscious materials increases.
Regarding applications, the market is segmented into pharmaceuticals, beverages, food (including functional and dietary options), personal care and cosmetics, and others. The textile industry holds a substantial share and is expected to expand significantly, driven by rising consumer awareness of sustainability and climate change.
Regionally, the industrial hemp market is analyzed across Asia Pacific, Europe, North America, South America, and the Middle East and Africa, highlighting key growth opportunities worldwide.
Information Source: https://www.fortunebusinessinsights.com/industrial-hemp-market-102459
Report Coverage:
The report provides an in-depth analysis of the primary drivers, challenges, and factors shaping the growth of the industrial hemp market. It highlights major market trends and examines the effects of the COVID-19 pandemic on product sales. Furthermore, the report details the strategic initiatives and actions taken by leading companies to secure a competitive advantage in the market.
Drivers and Restraints:
Market Value of Hemp Products Will Increase Due to Increased International Trade
The industrial hemp market’s growth is largely driven by rising demand for hemp-based products across sectors such as food, medicine, and textiles. Additionally, the growing demand for hemp fiber processing in multiple countries supports this positive trend.
However, stringent regulations surrounding the production, distribution, and marketing of industrial hemp could pose challenges to market expansion. These regulatory hurdles may hinder growth, despite the strong underlying demand.
Regional Insights:
Due to the region's increasing product consumption, Europe is the leading region.
Throughout the study period, Europe’s industrial hemp market is anticipated to see substantial growth, driven by increasing demand for hemp products across the region. Likewise, the Asia-Pacific market is expected to expand significantly, primarily due to the widespread use of hemp in paper and textile manufacturing industries.
Competitive Landscape:
Big Businesses Form Partnerships to Boost Their Market Position
Leading players in the industrial hemp market are actively pursuing strategic initiatives to strengthen their positions. These efforts include forming alliances, establishing partnerships, and engaging in collaborations. Additionally, acquisitions, mergers, and similar strategies play a crucial role in expanding market reach and boosting competitiveness.
Inquire Before Buying This Report: https://www.fortunebusinessinsights.com/enquiry/enquiry/industrial-hemp-market-102459
Key Industry Development
February 2023 - Alcott Enterprises, a managed services and IT consulting firm, has formed a partnership with Flourish Software to enhance implementation services, technical support, expertise, and integration capabilities tailored to the needs of hemp companies.
Are you sure you want to stop following?
Congrats! You are now a member!
Start requesting vouchers for promo codes by clicking the Request Deal buttons on products you want.
Start requesting vouchers for promo codes by clicking the Request Deal buttons on products you want.
Sellers of Amazon products are required to sign in at www.amztracker.com
More information about placing your products on this site can be found here.
Are you having problems purchasing a product with the supplied voucher? If so, please contact the seller via the supplied email.
Also, please be patient. Sellers are pretty busy people and it can take awhile to respond to your emails.
After 2 days of receiving a voucher you can report the seller to us (using the same button) if you cannot resolve this issue with the seller.
For more information click here.
We have taken note and will also convey the problems to the seller on your behalf.
Usually the seller will rectify it soon, we suggest now you can remove this request from your dashboard and choose another deal.
If you love this deal most, we suggest you can try to request this deal after 2 days.
This will mark the product as purchased. The voucher will be permanently removed from your dashboard shortly after. Are you sure?
You are essentially competing with a whole lot of other buyers when requesting to purchase a product. The seller only has a limited amount of vouchers to give out too.
Select All Groups
✕
Adult Products
Arts, Crafts & Sewing
Automotive & Industrial
Beauty & Grooming
Cell Phones & Accessories
Electronics & Office
Health & Household
Home & Garden
Jewelry
Kitchen & Dining
Men's Clothing & Shoes
Pet Supplies
Sports & Outdoors
Toys, Kids & Baby
Watches
Women's Clothing & Shoes
Other
Adult Products
©Copyright 2024 Vipon All Right Reserved · Privacy Policy · Terms of Service · Do Not Sell My Personal Information
Comments