From the industrial revolution to the information age, there have been many revolutions in technology and business. In each one, a revolutionary product has led the way and changed the game forever.
The industrial hemp market is expected to expand at a 34 percent compound annual growth rate (CAGR) from USD 4.6 billion in 2019 to USD 26.6 billion in 2025. The market is propelled by the growing demand for hemp oil and fibers.
So, could hemp be that next big revolution? Read on for an industry insight into how hemp products from leading suppliers like One World Cannabis adapt to meet consumer demand.
What Is Industrialized Hemp?
Industrialized hemp is marijuana that’s been bred for its fiber rather than its psychoactive compounds. The two terms are frequently used interchangeably, but industrial hemp includes only one type of cannabis plant –- Cannabis sativa. It is an efficient and rapidly renewable source of fibers, as well as seed protein.
In comparison to cotton, it requires less water for production and little to no pesticides. Unlike other types of fabric such as wool or polyester, it’s breathable and biodegradable.
Industrial Uses of Hemp
Hemp can be grown in many different climates, and it is easy to grow. Plus, it only takes a couple of months from seed to harvest, allowing farmers to grow it as a rotation crop. Hemp is used for many products, including medical products. Companies like One World Cannabis also use it to make paper, clothing, and even plastics. Here are some more uses.
- Hemp oil is used in body care
- Hemp is used for rope and fabric
- Body care products
- Renewable bio-plastic can be made from hemp
- Hemp can be utilized as an alternative to hay
- Industrial hemp as a source of biomass energy
The Hemp Fiber Segment Dominates The Market!
In 2018, hemp fiber stood tall in the market for industrial hemp. Hemp fiber was used in the textile and pulp & paper industry since its fibers were longer and more substantial than cotton. Furthermore, being a renewable source material, it was increasingly used in diverse products.
CBD hemp oil is anticipated to witness the fastest growth because of its function in avoiding diseases including anxiety, sadness, pain, and acne. Moreover, the increasing use of CBD hemp oil in different medical and personal care products is anticipated to fuel the market.
Why Is Hemp Preferred Over Trees To Make Paper?
Manufacturers use hemp to produce more durable paper than wood pulp paper and create considerably less waste than trees. The trees will take years to grow, and hemp can be grown in a few months. It means that when hemp is used for paper, forests are conserved, and deforestation is prevented.
New Product Developments From Industrial Hemp
New high-value uses for industrial hemp have been developed in recent years, such as delicate paper grades with high writing qualities and edible seed powders used in food and nutritional supplements.
The challenge for industrial hemp producers has been to develop consistent production processes capable of producing these new grades on a commercial scale at competitive prices.
Final Words
New advancements and innovations are happening worldwide, with industrial hemp being the primary material of interest. From hemp products to food development, hemp is becoming mainstream.
