Press Release
Press Release
The Asia Pacific represents a major market for industrial hemp and is projected to provide significant growth opportunities for the industry due to the implementation of favourable policies and the growing shift from unorganised to organised sector. The market in the region is being supported by the rising production and consumption of hemp fibre, especially with the rising demand for artisanal and sustainable fashion in the region. While the industrial hemp industry in India is at its nascent stage, the industry is expected to grow substantially, with non-profit organisations, start-ups, and state governments actively trying to leverage indigenous hemp handloom products. In July 2018, the Uttrakhand State Government granted Indian Industrial Hemp Association (IIHA), a non-profit organisation, the license to grow hemp fibre in more than 1,000 hectares of land, on a pilot basis. This is expected to boost the growth of the industry in India and, thus, is projected to strengthen the position of the Asia Pacific region in the market.
North America and Europe are also lucrative markets for industrial hemp, especially with the rising awareness of the beneficial health impacts of CBD and hemp seed oil. The rising consumption of hemp seeds in food and beverage items, such as yoghurt, cereals, and smoothies, are also propelling the growth of the market in these regions. The rising legalisation of hemp cultivation is also positively impacting the market. The industry is these regions are also being catalysed by the prominent presence of the major market players in the region. Hemp Inc. (OTCMKTS: HEMP), a leading player in the industry, has an expansive presence in the United States. The company has the largest multipurpose industrial hemp processing facility in Spring Hope, North Carolina, along with a 5,000 square-foot retail store in Kingman, Arizona, The King of Hemp StoreTM. The company’s position in the country is also strengthened by its commitment to promote and aid the American farming community.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global industrial hemp market are Hemp Inc, Manitoba Harvest Hemp Foods, Bombay Hemp Company Private Limit, HempFlax Group B.V., HPS Food & Ingredients Inc., Unrivaled Brands, Inc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.