Home Cannabis The US hemp derivatives market was valued at US$ 1,403.5 Mn in...

The US hemp derivatives market was valued at US$ 1,403.5 Mn in 2018

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New York, March 18, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “US Hemp Derivatives Market to 2027 – Country Analysis and Forecasts by Type ; Application” – https://www.reportlinker.com/p05875924/?utm_source=GNW
It is refined into a variety of commercial items, including paper, textiles, clothing, biodegradable plastics, paint, insulation, biofuel, food, and animal feed. Increasing consumer awareness regarding the nutritional benefits related to hemp derivatives and growing cultivation of industrial hemp has driven the growth of US hemp derivatives market. Hemp derivatives such as CBD, seed oil, fibers etc. find vast applications in several end-use industries such as food and beverage, pharmaceuticals, personal care, animal feed, and others, which is further driving the demand of the market. The trend of hemp-based food and beverages is gaining popularity in the US thus manufacturers are investing heavily in this market.
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