Hemp can be a vital product not only for a more sustainable life, but also a carbon friendly future. The 4 parts of a hemp plant, seeds, stalks, roots and leaves. The seeds make fuel, the stalks make fiber, the leaves make medicine and the roots cure the soil. Each use of the plant is bound to replace the present availability like cotton and fuel.
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The global industrial hemp market size was valued at USD 3.61 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 16.2% from 2021 to 2028. The growing consumer demand for industrial hemp in food and beverage products for its dietary benefits is expected to drive the product demand. See what’s happening around the world in hemp.