Industrial Hemp Market expected to Reach $18.6 billion by 2027 | Future Business Growth Factors

According to a new report published by Allied Market Research, titled, “Industrial Hemp Market by Type, Application, and Source: Opportunity Analysis and Industry Forecast, 2021–2027,” The global industrial hemp market size was valued at $4.9 billion in 2019, and is projected to reach $18.6 billion by 2027, registering a CAGR of 22.4% from 2021 to 2027.  …

Industrial Hemp Market Share Is Set For Rapid Growth Rate of 22.4% by 2027 | Ecofibre, Hemp Inc., GenCanna

The global industrial hemp market is expected to witness significant growth owing to technological innovation with regards to the cultivation and machinery to develop hemp plants more efficiently. Industrial Hemp Market by Type, Application, and Source: Opportunity Analysis and Industry Forecast, 2021–2027,” The global industrial hemp market size was valued at $4.9 billion in 2019, and …