Global Hemp Market Report 2023

1
HEMP MARKET REPORT
2
INTRODUCTION OF HEMP
Hemp is a strong and fragrant plant grown for
industrial use, producing fiber, seeds, and
flowers for various goods.
3
KEY INSIGHTS
4
REVENUE MARKET SHARE BY SEGMENTS 2022
SOURCE
FARM
APPLICATION
CONVENTIONAL - 69.7
SEED - 32.2
TEXTILE - 28.1
5
GLOBAL HEMP MARKET REVENUE SHARE FOR 2022
ASIA PACIFIC 34.2
Asia Pacific region accounts for maximum share in
the hemp market. This is because of the active
involvement of countries like China, India,
Japan, Korea, Australia, New Zealand, and
Thailand in the production of industrial hemp.
China is considered the birthplace of hemp and
has notoriously dominated the hemp market for
years
6
DRIVERS
RESTRAINTS
Advantages of hemp over traditional concrete is
driving the growth of hemp market
Poor soil and climatic conditions hinder the
growth of hemp
7
AUTHOR'S PERSPECTIVE
Hemp is considered as one of the most versatile
and sustainable crops since every part of the
plant can be used for one or more purposes. For
decades, hemp has been grown to make everything
from building materials to textiles. Its
wide-reaching growth potential is now beginning
to be embraced and utilized. Hence, production
of hemp seeds has thus increased and they have
become a product with an important and growing
market.
8
KEY PLAYERS
9
For Full Report
Contact us
COGNITIVE MARKET RESEARCH
Tel [phone] 020-8123-0732 India
(91) 983-496-8611
sales_at_cognitivemarketresearch.com
Access the Full Report https//www.cognitivemark
etresearch.com/hemp-market-report
Please visit our website https//www.cognitivemar
ketresearch.com