Global Industrial Hemp Market 2020-2024

Global Industrial Hemp Market 2020-2024
Expert has been monitoring the industrial hemp market and it is poised to grow by $ 3.35 bn during 2020-2024 progressing at a CAGR of 11% during the forecast period. Our reports on industrial hemp market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the high demand from textile industry.
The industrial hemp market analysis includes application segment and geographic landscapes.
Experts industrial hemp market is segmented as below:

By Application

• Textiles
• Hemp-based CBD
• Food and supplements
• Personal care
• Others
By Geographic Landscapes
• APAC
• North America
• Europe
• South America
• MEA
This study identifies the high demand from cannabidiol as one of the prime reasons driving the industrial hemp market growth during the next few years.
"Expert presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our industrial hemp market covers the following areas:
• Industrial hemp market sizing
• Industrial hemp market forecast
• Industrial hemp market industry analysis"
Experts robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial hemp market vendors that include 22nd Century Group Inc., Aurora Cannabis Inc., Bombay Hemp Company Pvt. Ltd., Boring Hemp Co., Canopy Growth Corp., Charlottes Web Holdings Inc., HempFlax Group BV, HemPoland Sp zoo, Medical Marijuana Inc., and Nutiva Inc.. Also, the industrial hemp market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Expert presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Experts market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.