The high nutritional values and beneficial fatty acid and protein profile of hemp are driving the demand for hemp products in the market. In addition, North America is expected to experience a high CAGR in the global industrial hemp market during the forecast period. Along with the above, hemp fibers are also experiencing significant demand and are used in the production of paper, as insulation material, construction material and auto parts and composites. Over time, countries such as India, China, Japan, Korea and Australia have become the main producers and consumers of hemp due to the availability of advanced irrigation facilities and the high demand for hemp-based food products and personal care items in the region.
Hemp fabric is known to be hypoallergenic, strong and naturally resistant to UV light in nature, supporting its wide use in the industry. Hemp has anti-inflammatory properties, helps treat acne and relieves skin problems caused by stress. In addition, the increase in the consumption of hemp-based products due to their different health benefits and the higher incidence of diseases such as epilepsy and other sleep disorders contributes to the growth of this market. The segment predominated due to the widespread use of hemp seeds and oil due to their high content of vitamins, proteins and fatty acids.
In particular, products made from hemp are sustainable, renewable and are linked to less harmful preparation methods. Some of the major players operating in the global industrial hemp market are American Cannabis Company, Inc. The strength to weight ratio, high tensile strength and flexural strength of industrial hemp offer the desired advantages in biocomposites for automotive parts, fiberboard, aerospace and packaging. China is the world's leading producer and supplier of industrial cannabis, hemp products and end-use items, such as paper and textiles.
From Hemp, Stock Forecast, Hemp (HEMP) shares can be a good investment option. Hemp's high absorption rate has proven to be beneficial for livestock bedding, its application in personal hygiene solutions and oil and gas cleaning. In addition, the high demand for cosmetic and personal care items around the world has also driven the use of hemp seeds in body lotions, shower gels, shampoos and several others. All products contain hemp oil, which contains essential fatty acids such as omega 3, 6 and 9, anti-aging properties, anti-inflammatory properties and skin problems caused by stress.