Industrial Marijuana Market
Industrial Marijuana Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Industrial Marijuana Market Size and Growth
The industrial marijuana market is experiencing robust growth, driven by increasing demand for hemp-based products. The global market size is projected to reach approximately $13 billion by 2028, with significant expansion in applications such as textiles, construction, and biodegradable plastics, reflecting favorable regulatory environments and rising consumer awareness of sustainability.
Companies Covered
(Covid 19 Impact Covered)
◍ Manitoba Harvest
◍ CW Hemp/CW Botanicals
◍ Aphria
◍ Canopy Growth Corporation
◍ Nutiva
◍ Agropro
◍ CV Sciences
◍ Isodiol
◍ ENDOCA
◍ Jinzhou Qiaopai Biotech
◍ North American Hemp & Grain Co
◍ Yunnan Industrial Hemp
◍ GFR Ingredients Inc
◍ Hempco
◍ Yishutang
◍ Naturally Splendid
◍ BAFA neu GmbH
◍ Aos Products
The Industrial Marijuana Market features companies like Manitoba Harvest, Aphria, and Canopy Growth, focusing on hemp-derived products. They promote sustainability, expand product lines, and enhance research. For instance, Aphria reported $153 million in revenue (2020), supporting market growth through innovation and increased consumer adoption of hemp products.
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Market Segmentation
By Application
Supermarkets
Convenience Stores
Others
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By Product
Marijuana Seeds
Marijuana Oil
Marijuana Protein
Marijuana Gel Caps
Market Growth
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$ X Billion USD
