Industrial Hemp Market- Industry Growth and Trend Analysis | IMR

Industrial Hemp Market Size Was Valued at USD 5.3 Billion in 2022, and is Projected to Reach USD 22.49 Billion by 2030, Growing at a CAGR of 19.8% From 2023-2030.
Industrial Hemp plant is a stout, annual, aromatic herb cultivated for its best fibre and edible seeds. The plant is strong, tough, and long-lasting and is mostly used for cordage, e.g., twine, rope, yarn, cable, string, and artificial sponges.