Industrial Hemp Market Trends, Size, Outlook and Analysis 2023-2028
IMARC Group, a leading market research company, has recently released a report titled “ Industrial Hemp Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. ” The study provides a detailed analysis of the industry, including the global industrial hemp market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. How big is the industrial hemp market? The global industrial hemp market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.6 Billion by 2028, exhibiting a growth rate (CAGR) of 16.47% during 2023-2028. What is industrial hemp? Industrial hemp is a type of cannabis sativa plant explicitly grown for industrial use. It is a rich source of carbohydrates, protein, essential fatty acids, vitamins, and trace elements. It is an environment-friendly, fast-growing plant used in a variety of pr...