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Report overview
India Industrial Hemp in Agriculture market size was valued at US$ 43.6 million in 2024 and is projected to reach US$ 78.1 million by 2030, at a CAGR of 10.2% during the forecast period 2024-2030.
Cultivation and processing of hemp (Cannabis sativa L.) varieties with low THC content for industrial and agricultural purposes, including fiber, seed, and oil production.
The Indian Industrial Hemp in Agriculture market is showing promising growth, driven by increasing recognition of hemp's versatile applications, government initiatives to promote alternative crops, and growing demand for sustainable agricultural products.
Key factors include the potential for hemp as a rotational crop to improve soil health, rising interest in natural fibers for textiles and construction materials, and the expanding market for hemp-derived products in food and wellness sectors. The industry is seeing developments in hemp cultivation techniques adapted to Indian agronomic conditions and climate zones. There's a growing trend towards developing high-yield hemp varieties suitable for different end-use applications, from fiber to seed production. Challenges include navigating the regulatory landscape surrounding hemp cultivation and addressing misconceptions about hemp due to its association with marijuana. The market is benefiting from advancements in processing technologies that improve the efficiency of hemp fiber and oil extraction.
Key players are investing in developing value-added hemp products, including textiles, building materials, and CBD-infused consumer goods. There's increasing focus on promoting hemp as a sustainable alternative to traditional crops, particularly in water-stressed regions. The industry is also exploring the potential of hemp in phytoremediation and as a carbon sequestration crop. As India seeks to diversify its agricultural sector and promote sustainable farming practices, the industrial hemp market is positioned for significant growth. The market is witnessing interest from both agricultural and industrial sectors, recognizing hemp's potential to support rural economies. Companies are developing partnerships across the value chain, from farmers to processors and end-product manufacturers, to create a robust hemp industry ecosystem.
The industry faces challenges in terms of establishing standardized cultivation practices and quality control measures for hemp production. However, the versatility of hemp, its potential environmental benefits, and growing global demand for hemp-derived products suggest a positive outlook for the industrial hemp in agriculture market in India.
This report contains market size and forecasts of Industrial Hemp in Agriculture in India, including the following market information:
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This report presents an overview of India market for Industrial Hemp in Agriculture , sales, revenue and price. Analyses of the India market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report focuses on the Industrial Hemp in Agriculture sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the India Industrial Hemp in Agriculture market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.
This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.
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