These days, at least 70 countries cultivate hemp for commercial or research purposes. The largest producers of hemp are currently China, France, Canada, USA and Chile. In 2022, hemp acreage in North America and the European Union countries totaled about 75,000 acres and 135,000 acres respectively, China – the world’s largest hemp fiber and seed producer – planted more than 175,000 acres of hemp, which put global acreage at about 550,000 acres. According to marketing analysis reports by Technavio, the global industrial hemp market size is set to reach $6.47 billion by 2026 with a CAGR of 17.7%. Proficient Market Insights projects the global hemp-derived CBD oil market size to reach $3.15 billion by 2028, exhibiting a CAGR of 28.3%.
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Hemp Cultivation Business Plan Template
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CBD Products Retail/Online Store Business Plan Template
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Hemp Cultivation + Extraction + Manufacturing Business Plan Template
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Hemp Cultivation + CBD Oil Extraction and/or Fiber Products Business Plan Template
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Hemp/CBD Vertically Integrated Investor Pitch Deck Template
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CBD Products Manufacturing Business Plan Template
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CBD Oil Extraction Lab Business Plan Template
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Hemp CBD Vertically Integrated Business Plan Template
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Hemp Cultivation Investor Pitch Deck Template
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