How Big is the Hemp Industry?

by Jul 16, 2021Products & Farming

According to to an in-depth industry research report, the global hemp market-size was about $5 Billion US in 2019, projected to grow annually at 34% to over $35 Billion US in 2026.

Outside just medicinal CBD and other cannabinoid products, the industry has great potential in each of the following areas:

  • Food products
  • Health supplements
  • Biofuels
  • Resins
  • Animal feed
  • Animal bedding
  • Heavy canvas
  • Rope
  • Durable clothing
  • Fiberboard
  • Hempcrete

It will be exciting to track the progress of this magnificent crop as industrial demand grows and innovates.

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