Many individuals may view hemp, commonly referred to as industrial hemp, as a problematic plant, but this does not have to be the case.
Hemp is a kind of Cannabis sativa plant grown for its fiber rather than for any psychoactive properties. Several hemp variants lack the addictive qualities of cannabis. For numerous years, this kind of commercial hemp was utilized to make fiber, oil, and significant amounts of food.
Hemp seeds are a particularly significant component of the plant in terms of nutrients. You can consume the seeds with or without the hull. Additionally, they can be transformed into milk that resembles soy milk. Similar to olive oil, hemp seed oil is often utilized in cookery. If you want to incorporate a handful of the remarkable medicinal properties of hemp into your diet, there are even supplements made from hemp seed that are accessible.
What is Industrial Hemp?
Industrial hemp is a variety of cannabis sativa with a maximum tetrahydrocannabinol (THC) concentration of 0.3%. (THC). The main psychoactive ingredient in cannabis leaves is THC. The feeling of "high" some individuals experience after ingesting products with a high THC concentration is caused by this compound's interaction with brain receptors.
Why is the Popular of Hemp Increasing?
The increased prevalence of diseases like epilepsy and other sleep disorders as well as the growing use of hemp-based products because of their various health benefits increases the market growth opportunities. Hemp seeds made from the cannabis sativa plant contain very little tetrahydrocannabinol (THC). The two essential fatty acids linoleic and linolenic are among them. Additionally, they contain significant amounts of vitamin D, calcium, magnesium, potassium, vitamin E, and vitamins B1, B2, and B6.
Let’s learn about some other benefits of industrial hemp that are increasing its market opportunities.
Hemp clothes are durable and cost-efficient
In comparison to cotton fibers, hemp cloth fibers are much more resilient and adaptable. Hemp fiber is an environmentally friendly product because it is produced and manufactured without the addition of pesticides or chemicals. Hemp fiber has many important qualities, some of which are: eco-friendly and sustainable; strong and sturdy fiber; the ability to stop bacteria from growing by absorbing moisture; reusable; and the ability to block UV radiation.
Hemp is a cheaper option for construction
Bio-based building supplies extracted from hemp have a number of advantages over traditional construction supplies, mainly due to their robustness, lightweight, fire and water resistance, self-insulation, pest resistance, and cheap expense for manufacturing. Such bio-based materials are the best for mitigating the effects of natural disasters like earthquakes, floods, and hurricanes. Furthermore, according to some research, construction products made from hemp can actually absorb carbon dioxide, reducing carbon emissions.
Hemp allows making low-cost fuel
Undoubtedly, hemp oil is a candidate to be utilized as a biofuel. Hemp-based bioethanol and biodiesel have the ability to compete with conventional or fossil fuels in transportation. As a result of the present worldwide collaboration of nations in decreasing the use of fossil fuels, hemp-based biofuels will take over consumption and become viable options, increasing its market opportunities.
Use in cosmetics products
Hemp seed-derived essential oils are highly valued on the market. With its all-natural components, hemp oil has the potential to replace petroleum-based cosmetics and other beauty items. Hand soap, shower cream, lip balm, facial cream, foot cream, and several other cosmetic products are made from hemp. Customers who care about sustainability and who possess delicate well-being are drawn to these oil-based products by their curative qualities and other advantages.
Industrial hemp is a crop that has multiple purposes and this increases its market opportunities immensely. The plant's special qualities make it an extremely useful and long-lasting crop. Over 25,000 hemp-based products can be found in markets all over the globe. The stalks, seeds, and leaves are used to make a variety of items, including clothing, paper, food, furnishings, cosmetics, and healthcare items.
Due to end-users rising health consciousness, market opportunities for nutritional supplements and health products are expected to expand in the upcoming years. Among the cutting-edge uses of the hemp plant, which is currently the subject of study and discussion, are bioplastics, biofuels, and biopesticides. The legislative framework will also influence how the hemp market develops. Countries must recognize the significance of this remarkable plant and implement marketing and expansion strategies that are good for the ecosystem and their respective economies.
Raziya Kotadiya / LinkedIn
Research Analyst at Cognitive Market Research
With a demonstrated history of working in the market research covering qualitative and quantitative research. Skilled in Strategic Forecasting, Market Research, Competitive Intelligence, Business Development, Trend and Opportunity Analysis and Data Visualization.