As per the report published by Fior Markets, the global Industrial hemp ingredients market is expected to grow from USD 5 billion in 2020 and reach USD 19 billion by 2028, growing at a CAGR of 22% during the forecast period 2021-2028.
Hemp is a plant that is used for both medicinal and recreational purposes. Hemp also aids in the reduction of pain by modifying pain-sensing processes in the brain. It may also help to avoid chronic pain disorders like arthritis, migraines, fibromyalgia, and endometriosis. It can also help with cancer therapy side effects such as appetite loss. Furthermore, physicians recommend synthetic hemp to cure the following psychiatric and neurological health conditions: nausea, multiple sclerosis, post-traumatic stress disorder (PTSD), seizures, Parkinson’s disease, and Tourette syndrome, due to hemp’s impact on the limbic system. In order to cultivate hemp plants more successfully, the hemp industry continues to have significant advances in terms of production and machinery. Farmers would be able to triple the amount of industrial hemp planting and harvest owing to advances in production and machinery.
Read more here