Industrial hemp market and development analysis
Industrial hemp market and development analysis

Industrial hemp market and development analysis

Industrial hemp refers to hemp with a THC content of less than 0.3%. In China, industrial hemp is called hemp, which is an annual herb of the Cannabinaceae genus (Cannabis), divided into industrial hemp and drug hemp. , The hemp widely used at home and abroad is industrial hemp. Industrial hemp is an improvement from addictive cannabis, and it was initially based on the needs of anti-drug work. Because marijuana contains a large amount of tetrahydrocannabinol (THC), which is a hallucinogenic and addictive drug component, it is listed as the original drug plant and prohibited from growing.

The THC content of foreign addictive marijuana varieties is generally about 20%, and the THC content of traditionally cultivated marijuana in China is mostly between 0.3% and 5%. Industrial hemp is a hemp variety that reduces the THC content in hemp to the internationally accepted safety standard (less than 0.3%) through breeding techniques.

Industrial hemp market

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Is industrial hemp a drug

Cannabis is addictive. Many countries believe that hemp is a drug and cannot be cultivated, but industrial hemp can be cultivated. There is a component in cannabis called THC, which is a hallucinogenic and addictive component. Less than 0.3% is industrial hemp, more than 0.5% is drug cannabis, and some between 0.3 and 0.5% is used as medicine. use. In addition, the cannabidiol (CBD) that is rich in industrial hemp is not found in drug cannabis, which has anti-spasmodic, anti-anxiety, and anti-inflammatory pharmacological effects.

Global development analysis

Section 1 Distribution and cultivation area of major industrial hemp production areas in the world

China is the largest producer and exporter of industrial hemp, providing nearly one-third of the world’s industrial hemp production. Other major production areas are concentrated in Canada, India, Romania (the largest production area in Europe), Russia and other places. The main products of growing industrial hemp are fibers, seeds and flowers, which can be widely used in textiles, food, industrial accessories, personal care products, and extract hemp oil CBD and other products.

Section 2 Analysis of the Development of Foreign Industrial Hemp

1.The legalization process of industrial hemp in major countries

According to the purpose and function, countries in the world mainly divide cannabis laws into recreational and medical categories, and there are corresponding regulations for industrial cannabis cultivation. Regarding recreational and medical marijuana, Canada is legal after passing the “Cannabis Act,” while China, Japan, etc. are all considered illegal. Some countries have both legal and illegal marijuana, and there is a corresponding response to the legalization of industrial hemp cultivation. Decree. At present, there are 55 countries that legalize medical marijuana and 11 countries that legalize recreational marijuana. Among them, Uruguay and Canada have fully legalized cannabis, and 31 countries have legalized the cultivation of industrial hemp.

2.Global hemp seed production

According to data, the global hemp seed production reached 147,000 tons in 2019. Thanks to more and more countries starting to allow the cultivation of hemp, the huge demand in the downstream market has further stimulated the enthusiasm for production.

3. Global (excluding China) hemp fiber production

According to data, the global production of hemp fiber exceeded 56,000 tons in 2019, and the expansion of the global hemp textile market has promoted the increase in global hemp fiber production.

4. Global Value Analysis of CBD Industry

The seeds, fibers and flowers of industrial hemp all have economic value and can be used in textiles, building materials, food and beverages, personal care and so on. According to market research data, the global industrial hemp market in 2019 is approximately US$4.506 billion.

The English equivalent of cannabidiol is CBD, which is a cannabinoid that can be extracted from plants such as industrial hemp. According to data research, in 2019, the global CBD market was 1.982 billion U.S. dollars, and the use of CBD in medical applications will continue to promote market growth.

The industrial hemp industry has experienced years of development. The breakthroughs in scientific research, the continuous liberalization of policies, and the enrichment of product types are important driving forces for the development of the industry. It is foreseeable that with the deepening of industrial hemp research, more functions will be discovered, legally recognized in more countries, product forms are welcomed by consumers, industry development is strong, and rapid development in the future can be expected.

Market_Global_Cannabis
Market_Global_Cannabis

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