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Status of Industrial Hemp Plant Factory Production
The global hemp fiber production exceeds 56,000 tons. According to market research data, the global industrial hemp market is about 4.506 billion US dollars. The Netherlands and Belgium are the largest cannabis producers in Europe.
Industrial hemp development trends
The global hemp textile market is expanding, contributing to the increase in global hemp fiber production. Industrial hemp seeds, fibers and mosaics all have economic value and can be used in textiles, building materials, food and beverages, personal care, etc. The application of CBD in medical and other fields will continue to promote market growth. With the acceleration of overseas marijuana legalization, more countries have joined the research and development and sales of industrial hemp and medical marijuana.
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