Hemp Market Research Report 2019-2025 Market – Growth Opportunities & Scenario, 2019-2025

1. Hemp Market Hemp Market Report: Company Analysis, History and Future Overview, Global Sales Trends by 2025 www.qyrconsulting.com

2. The global hemp market is predicted to remarkably benefit from increase in legalization and liberalization of hemp cultivation with permitted level of tetrahydrocannabinol (THC) content. Hemp fiber gains massive demand in the textiles industry, especially for the manufacture of various industrial and consumer textiles, spun fibers, and yarns. Shivs are another type of hemp products that are adopted for the manufacture of insulating and construction materials and for animal bedding. Hemp manufacturers are prophesied to make themselves stand out from the rest of the competition by setting new quality standards. In June 2019, US producer of cannabidiol (CBD) hemp, GenCanna received the Current Good Manufacturing Practices and Brand Reputation Compliance Global Standard for Food Safety certificates. Earlier that year, the company unveiled its first patentable THC-free non-genetically modified organisms (GMO) hemp genetics. Favorable Government Policies to Bode Well for Global Market The global hemp market is foreseen to gain growth with the increase in demand for hemp-based food products such as salad dressings, flour, dairy alternatives, and cooking oil. Demand for hemp could be driven by increased consumption of cookies, bread, and other bakery items. High awareness among consumers regarding the various benefits of hemp is expected to further push the demand in the global market. The allowance of THC content in hemp consumption, distribution, marketing, processing, and cultivation according to legislative procedures set as per the Industrial Hemp Act 2017, the 2014 Farm Bill, and U.S. Drug Enforcement Agency (DEA) policies is predicted to create opportunities.

3. Players to Concentrate on Vertical Integration to Expand Growth • Some of the leading hemp manufacturers are Hempco, Ecofibre, Hemp Inc., GenCanna, HempFlax BV, Elixinol Global Limited, Konoplex Group, Canopy Growth Corporation, Hemp Oil Canada, Cannoid, BAFA, ENDOCA, Hemp Poland, MH Medical Hemp, Dun Agro, Plains Industrial Hemp Processing, Colorado Hemp Works, Canah International, and South Hemp Tecno. • Companies may consider adopting vertical integration as a market strategy to strengthen their position in the industry. In July 2019, Hemp, Inc., a US-based pioneer in the industrial hemp industry, started the renovation of part of its hemp farming and processing facilities in North Carolina. After the completion of the project, the company will be vertically integrated in the market. • Get PDF template of this report: https://www.qyrconsulting.com/request-sample/7305 • By Type • ●   CBD Hemp Oil • ●   Hemp Seed • ●   Hemp Fiber • By Nature • ●   Organic • ●   Conventional • By Application • ●   Food & Beverages • ●   Cosmetics • ●   Pharmaceuticals

4. By Region Regionally, North America is foretold to grow at a telling CAGR while riding on its large consumption of fiber and seed-based items that are mainly used in lucrative industries such as personal care, textiles, and food and beverage. Asia Pacific could also show impressive market growth on the back of rising use of fiber in the manufacture of biodegradable textiles for industrial and consumer applications. Report TOC, Figures and Tables: https://www.qyrconsulting.com/reports/hemp-market-report

5. RESEARCH METHODOLOGY SUPPLY SIDE • DATABASE MACROECONOMIC • INSIGHT • In-depth interview Data Mining & Handling Build Connection Data Verification • Interviews of: • Manufacturers, Distributor, Opinion Leaders, Industry Experts, Front-line Staff, Directors, CEO, Marketing Executives, Technology, Innovation Directors and • Executives from Related Industries and Organizations • Through interviews, research analysts collect & sort data and establishes research models. • Secondary Sources: • Annual Reports, Presentations, Press Releases, Journals, Paid Databases • All possible demand side factors that influence the markets: Effect of inflation, economic downturns, and changed regulations & policy or other factors • Market Size is validated through Primary Sources and Secondary Sources Establishing point to point products and capital flows within the chain

6. RESEARCH APPROACH Date Source: Our Secondary Data Sources 70% of the data has collected from the first-hand information Secondary sources occupies approximately of the overall sources 30%

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