Global Hemp Market Expected to Grow by $3.35 Billion by 2024

The market is expected to progress at a CAGR of 11 percent during the forecast period. Photo credit: chriss_ns/iStock/Getty Images Plus

According to a recently published report on research platform Reportlinker, the industrial hemp market is poised to grow by $3.35 billion dollars during 2020-2024. Additionally, study identified the high demand for cannabidiol as a significant driver of market growth during the next few years. The report also includes a holistic analysis, market size and forecast, trend predictions, other growth drivers, possible challenges, and a vendor analysis, which covers around 25 vendors.

Read the full report here.

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