Global Hemp Market worth US$ 20.0 Billion 2029 with a CAGR of 15.7 %
Global hemp market is projected to grow from US$ 5.4 billion in 2020 to US$ 20.0 billion by 2029. Global hemp market is expected to register moderate growth over the forecast period. This is attributed to Increasing end-use applications of hemp in textiles, building materials, animal bedding, mulch, paper, industrial products, and biofuel, coupled with rising demand for hemp based products such as dairy alternatives as well as cooking oil.
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