Global Hemp Fiber Market Rising at an Annual Rate of 6.9%
Las Vegas, NV, Sept. 22, 2022 (GLOBE NEWSWIRE) -- -- Hemp Inc. (OTC PINK: HEMP), would like to share the Digital Journal’s recent article from Data Bridge Market Research, which claims that the global hemp fiber market is rising at an annual rate of approximately 6.9% in the forecasted period of 2021 to 2028. Data Bridge Market Research is a multinational management consulting firm, with offices in India and Canada. The Company provides a variety of services such as market verified industry reports, technology trend analysis, formative market research, strategic consulting, vendor analysis, production and demand analysis and consumer impact studies.
Data Bridge Market Research notes that the rise in the awareness regarding the benefits of hemp is escalating the growth of the hemp fiber market. Hemp is utilized in the processing and manufacturing of various products such as paper, textile, insulation and construction material, personal care products, nutraceutical, bio-plastics and bio-fuel. Hemp is also used in food and beverage products, as it is primarily grown organically, with no use of toxic chemicals, pesticides, fertilizers or herbicides.
The demand for natural organic products over pharmaceuticals among customers across the globe acts as one of the major factors driving the growth of the hemp fiber market. The increase in demand for hemp fibers in various industries such as automotive, construction, food and beverage, personal care and textile, especially in emerging regions and the rise in the investment for the production of hemp-based products, is accelerating the growth in the hemp fiber market. Global awareness, as it relates to the therapeutic properties of the product and the low prices of hemp, is encouraging farmers to diversify their crop options, which ultimately influences the hemp fiber market. Additionally, the increase in use for numerous food applications, the rise in the legalization in the cultivation of hemp, emerging consumer trends, the surge in the number of social media influencers, is promoting the benefits of the product, the prevalence of chronic diseases and mergers and acquisitions among key players, is positively affecting the hemp fiber market. Furthermore, research and development activities and product development is extending the profitable opportunities to the hemp fiber market players in the forecasted period from 2021 through 2028.
It is definitely an exciting time to be in the hemp market.
About Hemp, Inc.
With more than 10 years of experience in growing and processing hemp in North America, Hemp, Inc. has an established network of industry professionals in every segment of the industrial hemp industry. Hemp, Inc. has the largest industrial multipurpose hemp processing facility in North America, an 85,000-square foot facility in Spring Hope, N.C. Its mission of providing green solutions that help make the world a better place continues to flourish as the company advances an ever-growing portfolio of revenue and value-generating synergistic businesses. Hemp may be the salvation in retooling America for greener, more sustainable domestic manufacturing.
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The Company will continue to keep its shareholders up to date on all pertinent material events, product releases, production plans, and inventory availability. Those interested in distributing on a large-scale basis should email or call 877-436-7564 for more information. The entire product line includes tinctures, gummies, capsules, and edibles in a variety of sizes, potencies, flavors, and formulas with a future focus on healthy foods for healthy living.
Forward-Looking Statements
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. The Securities and Exchange Commission (SEC) requires issuers to provide “adequate current information”. Financials for Hemp, Inc. are listed on the OTC Exchange. More information can also be found on the Hemp, Inc. website by visiting . Material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements involve risks and uncertainties.
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