Industrial hemp can bring countless economic and environmental benefits to the industries that adopt it and its supply chain.
The industrial hemp industry refers to the cultivation, processing, and distribution of industrial hemp and hemp-based products. The hemp is a variety of Cannabis sativa grown for its fiber, seeds, and flowers. Industrial hemp produces many products, including textiles, paper, building materials, biofuels, food and beverage products, and cosmetics.
The industrial hemp industry has seen significant growth in recent years as more countries legalize hemp cultivation and production. The industry is expected to grow in the coming years as demand for sustainable and eco-friendly products increases.
It comprises several sectors: agriculture, manufacturing, and distribution. Hemp farmers grow and harvest hemp crops, while manufacturers process the hemp into various products. Distributors then transport and sell these products to retailers and consumers.
Historically, humankind registered hemp for industrial purposes at least 10,000 years ago. However, mistaken for the psychoactive strain, hemp was prohibited in many countries along with all cannabis species and only recently is being accepted again. This article will show why industrial hemp is on the rise and becoming an industry to reckon with.
A few reson why to keep an eye out on the Hemp Industry before we we get to some of the key players in the industry.
Because hemp oil and CBD are changing people’s health
Hemp’s reputation still leaves much to be desired, but CBD (cannabidiol) spearheads a global change of heart for industries, governments, and regulatory agencies. The most significant breakthrough that hemp has faced in recent years comes from the studies and discoveries of CBD (cannabidiol), extracted from oil. CBD oils represent the most abundant use of hemp for dietary supplements, personal care, and industrial applications.
The benefits of hemp include overall body and immune system well-being, safe treatments to help the regulatory system, and alternative medicine for various diseases and conditions. The nutrients, fatty acids, and antioxidants in the hemp seed are helping people worldwide to eat healthier. More than that, the uses of CBD are shifting the paradigm of alternative and complementary treatments for diseases like refractory epilepsies, PTSD, anxiety, Alzheimer’s, Parkinson’s syndrome, cancer, multiple sclerosis, and many others.
Because industrial hemp can be the base of numerous things
There’s currently an intense buzz around the world about the benefits industrial hemp could bring to the environment. However, there are also countless economic and management benefits for the industries that adopt it and its supply chain. A wide variety of industrial and commercial productscan be derived from industrial hemps, such as textiles, paper, bioplastics, biofuel, and many others.
Hemp crops can be more efficient than traditional crops, requiring less water and fewer acres for the same final product. Another benefit of hemp for farmers is that they can use all parts of the plant on the supply chain: from the seeds to the stalk. The hemp head (core fiber) can be used to create hempcrete and as animal bedding. The hemp bast (fibers outside the plant’s stem) is highly valuable since it is a robust fiber, mainly used in the textile and paper industries.
A significant advantage of planting industrial hemp is its adaptability to most soils. One can grow and harvest hemp on infertile non-cropland soils; it requires a smaller amount of water, fewer pesticides and no herbicides.
Industrial hemp is a versatile and sustainable crop
Compared to other crops that supply textile products, biodiesel, ethanol, and others, hemp can consume less water and fewer acres for the same final product. For instance, an acre of hemp can yield up to 300 kilograms of grain, over 500 kilograms of fiber, and 80 liters of pressed oil. An acre of cotton yields approximately 360 kilograms of threads, almost twice the amount of water hemp needs. For biodiesel, when compared to corn, hemp can produce twice the amount of oil per acre.
Regarding paper production, one acre of industrial hemp can produce the same amount of paper as four acres of trees. Also, the stalk takes only a few months to mature, unlike the form that can yield from 20 to 80 years. The final product can be recycled up to eight times, unlike wood pulp paper, which can be recycled only three times.
Some of the key players in the industrial hemp industry include:
- Hemp growers and farmers who cultivate and harvest hemp crops.
2. Manufacturers process hemp into various products, such as textiles, paper, and bioplastics.
3. Retailers sell hemp-based products to consumers, both online and in physical stores.
4. Investors who provide funding for hemp-based startups and businesses.
5 . Advocacy groups work to promote the benefits of hemp and advocate for more widespread legalization and regulation of hemp cultivation and production.
Overall, the industrial hemp industry is a growing and dynamic sector of the global economy with significant potential for growth and innovation. As more research is conducted and new technologies are developed, the industrial hemp industry will likely most likely expand and evolve in exciting new ways.
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