Business
Hemp, Inc., Named a Leading Organization in DBMR Industrial Hemp Market Report
Hemp, Inc., Named a Leading Organization in DBMR Industrial Hemp Market Report.
About this update from Hemp, Inc.
[{"type":"text","content":"\n LAS VEGAS, NV, May 25, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Hemp, Inc. (OTC PINK: HEMP), an established leader in the industrial hemp market, is continuing to capitalize on increasing demand and awareness of hemp-based products, according to a new market study. The study, compiled by Data Bridge Market Research (DBMR), shows that “growing investment for product development will further boost various opportunities that will lead to the growth of the industrial hemp market.” According to the report, the industrial hemp market is expected to reach $21.16 billion by 2027, at a growth rate of 21.02% in the forecast period 2020 to 2027.  DBMR examined data from industrial hemp companies in more than 42 countries across the globe.  The report found that “North America will expect to grow in the forecast period 2020 to 2027 because of growing legalization of hemp products along with rising demand of food and supplements in the region.”  According to the study, factors that will enhance growth in the industrial hemp market include: • Increasing demand of hemp-based products• Growing awareness regarding benefits of recreational hemp• Rising applications of hemp in different food products• Increasing occurrences of chronic disorders A special section on the impacts of COVID-19 on global markets was included in DMBR’s findings. Hemp, Inc. has more than 10 years of experience growing and processing hemp, including operation of the largest industrial multipurpose hemp processing facility in North America.  In addition to its 85,000-square foot facility in Spring Hope, N.C., the company has an established network of professionals in every segment of the industrial hemp industry.  Hemp Inc.’s mission to provide green solutions that help make the world a better place continues to flourish as the company advances an ever-growing portfolio of revenue- and value-generating synergistic businesses.  Hemp, Inc. is also focused on marketing and is currently negotiating with a network marketing company to launch several new products for different niche markets. Digital marketing campaigns are in the works including planning for display booths at all t...