#Industrial Hemp Market Size
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#Industrial Hemp Market#Industrial Hemp Market Size#Industrial Hemp Market Trends#Industrial Hemp Market Growth#Industrial Hemp Market Analysis and forecast
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Industrial Hemp Market To Reach USD 60,682.8 Million by 2030
The industrial hemp market will progress at a considerable rate of 33.7% by the end of the decade to reach USD 60,682.8 million by 2030. In Europe, France had the highest revenue in the past, and it will grow significantly at a rate of rate of over 18%.
The industry is largely powered by the increasing requirement for industrial hemp in numerous sectors and the growing legalization of the farming of this crop to be used in industries.
The hemp oil category had the second-largest share in the industry, of about 30%. Hemp oil is chiefly valued by customers for its nutritious properties and benefits to health, as it is a comprehensive source of all vital fatty and amino acids.
Also, customers are more and more drawn to natural and organic products, and hemp oil is favored because it has caryophyllene, cannabidiol, and myrcene, which offer health benefits.
The food industry dominated the industrial hemp market with a share of above 25% in the past. Hemp is used by millennia as a source of fiber and oilseeds in numerous consumer and industrial products globally. Over 25 nations already are into the growing of industrial hemp as an agro commodity, and it is also traded globally. In Europe and APAC, hemp oil and seeds are a part of human diet for over 5,000 years.
Food products presently made at the industrial level with hemp oil and seeds include salad oils, non-dairy cheeses, health bars, non-soy tofu, non-dairy milks, additives for breads, biscuits, and cakes; butter pastes, along with whole seeds consumed in both roasted and raw forms.
The requirement for hemp in the pharma industry is will be the fastest in the years to come, with a rate of about 35%. Hemp provides a required omega-6-to omega-3-PUFA ratio, helping promote cardiac health, reduces osteoporosis symptoms, and eases the symptoms of eczema.
It also comprises CBD, which has pharmacological potentials, making it a possible therapeutic agent for ailments of the central nervous system, for example neurodegenerative ailments, and multiple sclerosis.
Furthermore, the requirement for this product for pharma applications will grow because of the aging and increasing population, on top of medical challenges for example neurodegenerative disorders, multiple sclerosis, and epilepsy.
The conventional type had the larger share, of over 50%, in the past, since conventionally grown hemp is priced low. Moreover, it does not need strict inspection or obedience to guidelines for meeting the certified organic standards, making the production procedure faster. Not only this, it is rich in fatty acids and also vitamins.
It is because of the increased use of industrial hemp in food industry, the demand for the same will be on the rise in the years to come.
#Industrial Hemp Market#Industrial Hemp Market Size#Industrial Hemp Market Share#Industrial Hemp Market Trends
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Industrial Hemp Market Focusing On The Basis Of Product, Application, Region And Forecast 2030: Grand View Research Inc.
San Francisco, 26 June 2023: The Report Industrial Hemp Market Size, Share & Trends Analysis Report By Product (Seeds, Fiber, Shivs), By Application (Animal Care, Textiles, Food & Beverages, Construction Materials, Personal Care), By Region, And Segment Forecasts, 2023 – 2030
The global industrial hemp market size is expected to reach USD 16.75 billion by 2030, registering a CAGR of 17.1%…
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#Industrial Hemp Industry#Industrial Hemp Market#Industrial Hemp Market 2023#Industrial Hemp Market Revenue#Industrial Hemp Market Share#Industrial Hemp Market Size
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The industrial hemp market size was valued at US$2.194 billion in 2020 and is anticipated to increase at a CAGR of 20.25% over the predictive period to reach US$7.976 billion by 2027. Hemp seeds are sought after because of rising interest in dietary enhancements, food varieties, and beverages, as well as rising customer wellbeing mindfulness.
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Regulatory Landscape of Industrial Hemp: Navigating Challenges and Opportunities by 2031
Industrial Hemp Market Information:
Market Overview
The global industrial hemp market size is expected to reach USD 16.41 billion till 2030 with a CAGR of 16.92% (2022-2030). In late 2018, the FDA approved three hemp seed food products in the U.S., fueling demand in the food and dietary supplements industry due to their rich vitamin, protein, and omega-3 fatty acid content. The food and beverage (F&B) industry is witnessing significant shifts driven by evolving consumer preferences, changing retail landscapes, technological advancements, and regulatory updates. This market research report offers crucial insights for industry professionals seeking to navigate these complexities and seize growth opportunities. It highlights key drivers such as the demand for healthy, sustainable options and the impact of e-commerce on distribution channels. Moreover, it delves into segment analysis, regional trends, and competition dynamics, equipping businesses with actionable intelligence to stay ahead in this dynamic market.
Competitive Players
Some of the key players operating in the Industrial Hemp market are
Parkland Industrial Hemp Growers Cooperative Ltd. (PIHG)
Hempco
CBD Biotechnology Co., Ltd.
Ecofibre
Hemp Inc.
Botanical Genetics, LLC
GenCanna
Marijuana Company of America Inc.
HempFlax BV
Konoplex Group
HempMedsBrasil
Terra Tech Corp
Hemp Oil Canada
Industrial Hemp Manufacturing, LLC
BAFA
Hemp Poland
Dun Agro
Colorado Hemp Works
Canah International
American Cannabis Company, Inc.
South Hemp Tecno
Plains Industrial Hemp Processing
MH Medical Hemp
Others
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The Industrial Hemp market report helps a wide range of businesses figure out what their consumers truly want by doing extensive market research. When it comes to new products, every company owner wants to know how much demand there is, and this report is a great resource. Additional benefits include ensuring that the most recent market developments are covered. You may keep a close check on key rivals and their company growth tactics by reading the Industrial Hemp market research. It also does an in-depth research for the years 2022-2030 in order to provide company owners with new business options.
This research also provides a dashboard view of prominent Organization, highlighting their effective marketing tactics, market share and most recent advances in both historical and current settings.
Global Industrial Hemp Market: Segmentation
By Nature
Organic
Conventional
By Product Type
Seed
Fiber
Shives
Others
By Application
Food and Beverage
Personal Care
Textiles
Pharmaceuticals
Paper
Others
The report forecasts revenue growth at all the geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2022 to 2030 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:
North America (U.S., Canada)
Europe (U.K., Germany, France, Italy)
Asia Pacific (China, India, Japan, Singapore, Malaysia)
Latin America (Brazil, Mexico)
Middle East & Africa
This Report is available for purchase on Buy Industrial Hemp Market Report
Key Highlights
In order to explain Industrial Hemp the following: introduction, product type and application, market overview, market analysis by countries, market opportunities, market risk, and market driving forces
The purpose of this study is to examine the manufacturers of Industrial Hemp , including profile, primary business, and news, sales and price, revenue, and market share.
To provide an overview of the competitive landscape among the leading manufacturers in the world, including sales, revenue, and market share of Industrial Hemp percent
In order to illustrate the market subdivided by kind and application, complete with sales, price, revenue, market share, and growth rate broken down by type and application
To conduct an analysis of the main regions by manufacturers, categories, and applications, covering regions such as North America, Europe, Asia Pacific, the Middle East, and South America, with sales, revenue, and market share segmented by manufacturers, types, and applications.
To conduct an investigation into the production costs, essential raw materials, and production method, etc.
Principal Motives Behind the Purchase:
To get deep analyses of the industry and to have a complete comprehension of the commercial landscape of the global market.
Analyse the production processes, key problems, and potential solutions in order to reduce the potential for future problems.
The goal of this study is to get an understanding of the most influential driving and restraining factors in the Industrial Hemp industry as well as the influence that this market has on the worldwide market.
Gain an understanding of the market strategies that are now being used by the most successful firms in their respective fields.
In order to have an understanding of the market's future and potential.
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#Industrial Hemp Market#Industrial Hemp Industry#Industrial Hemp Market Share#Industrial Hemp Market Size#Industrial Hemp Market Trends#Industrial Hemp Market Regional Analysis#172 Market Growth Rate
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The Global Industrial Hemp Market was estimated at USD 5.3 billion in 2022, and is projected to reach USD 22.49 billion by 2030, growing at a CAGR of 19.8%.
Industrial Hemp Market- Industry Growth and Trend Analysis | IMR
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HEMP.gg : Industrial Hemp Market Size Valued at $18.6 Billion and CAGR of 22.4% from 2021 to 2027 | Top Key Players - EIN News
Industrial Hemp Market Size Valued at $18.6 Billion and CAGR of 22.4% from 2021 to 2027 | Top Key Players EIN News
source https://news.google.com/rss/articles/CBMimAFodHRwczovL3d3dy5laW5uZXdzLmNvbS9wcl9uZXdzLzYzNjQ3ODE4Mi9pbmR1c3RyaWFsLWhlbXAtbWFya2V0LXNpemUtdmFsdWVkLWF0LTE4LTYtYmlsbGlvbi1hbmQtY2Fnci1vZi0yMi00LWZyb20tMjAyMS10by0yMDI3LXRvcC1rZXktcGxheWVycy1vdmVydmlld9IBnAFodHRwczovL3d3dy5laW5uZXdzLmNvbS9hbXAvcHJfbmV3cy82MzY0NzgxODIvaW5kdXN0cmlhbC1oZW1wLW1hcmtldC1zaXplLXZhbHVlZC1hdC0xOC02LWJpbGxpb24tYW5kLWNhZ3Itb2YtMjItNC1mcm9tLTIwMjEtdG8tMjAyNy10b3Ata2V5LXBsYXllcnMtb3ZlcnZpZXc?oc=5
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What Are HHC Gummies?
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What is A HHC Gummy?
Are HHC Gummies Legal?
How Do I Determine the Best HHC Gummies?
HHC is a new terminology within the hemp industry that is fast gaining popularity. This compound is infused in different products, including gummies. This article highlights all you need to know about HHC gummies, including their legality and how to determine the best HHC gummies.
The cannabis world is growing rapidly, and better, more potent, and safer alternatives of delta 8 & 9 THC and CBD are emerging rapidly. HHC is among the latest cannabinoids. However, its side effects are similar to that of THC. Unlike THC, HHC doesn’t show in a drug test. However, this is an unconfirmed claim. HHC is the most stable state of THC, resistant to heat, oxidation, and UV light. Therefore, you don’t have to worry about its degradation or loss of potency. This article highlights HHC gummies, their legality, and what future they hold as a new cannabinoid.
What is A HHC Gummy?
The word gummy might be familiar to nearly everyone, but what of HHC? HHC is also called hexahydrocannabinol, a hydrogenated form of THC. Hydrogenation is a process involving hydrogen atoms in any chemical structure to stabilize it (Ghosh et al., 2022). This process is common in turning vegetable oil into margarine. Obtaining HHC might not be easy and only occurs in traces of higher potencies. Obtaining usable amounts of HHC involves a critical process of saturating THC with hydrogen atoms under high pressure using palladium or nickel as catalysts.
This process breaks THC’s duo chemical structure and replaces it with hydrogen, and retains the potency levels and efficiency. Currently, over 10 known isomers of the hydrogenated form of THC exist. The process seemingly alters the effectiveness of THC, making it more potent by increasing the chances of THC binding affinity for B2 and B1 endocannabinoid receptors. HHC is infused in gummies for convenience. Gummies are soft candies meant specifically for chewing. HHC gummies have different potency levels, colors, shapes, and sizes. Besides, HHC gummies are in various flavors, making them the most appropriate way of evading the awful natural taste of the hemp plant.
Are HHC Gummies Legal?
The legality of HHC gummies is yet to be determined. Unlike other elements in the hemp plant, the 2018 Farm Bill did not base much on HHC. However, we can use the general regulations on the hemp plant by the 2018 Farm Bill to determine their legality. According to the 2018 Farm Bill, hemp-based products are only legal if their THC levels are below 0.3%. Besides, the bill legalized hemp-based products in the USA, although under the federal government, as suggested by Abernethy (2019). The bill mandated the state governments to regulate the use of hemp-based products within their boundaries. As a result, some states legalized hemp-based products, and others prohibited them. Only 35 states have legalized hemp products; 15 have yet to. Some of the 15 states are Idaho and Texas. Therefore, before moving with HHC gummies from one state to another, you should confirm their legality to avoid getting in trouble or going against federal laws. However, unless the court rules out the legality of HHC, it remains unclear. This also means that users should take HHC gummies at their own risk.
How Do I Determine the Best HHC Gummies?
The suggested health benefits of HHC gummies can only be accrued if they are of good quality. There are various factors to consider in determining the best HHC gummies in the market. Some of the tips include;
Cultivation Process of the Hemp Plant
HHC is a chemical compound derived from organic hemp plants. Therefore, HHC gummies’ purity levels begin from the cultivation practices of the hemp plant. The best HHC gummies manufacturers obtain their organic hemp plant from either Colorado, Kentucky, or Oregon, widely known for their soil fertility for sustainable cultivation of organic hemp. Some of the best HHC gummies manufacturers have a team of agricultural experts who oversee the cultivation practices from the seed levels of the hemp plant until it’s ready for harvesting, ensuring only organic practices are involved.
Other Elements
HHC gummies are blended with various elements to improve their taste, color, and effectiveness. The best HHC gummies are manufactured using organic ingredients to avoid contamination and the lower chemical reaction that might interfere with effectiveness and potency levels. According to Bridge-Comer et al. (2021), artificial elements such as potassium used as a sweetener can disrupt your metabolism and sexual activeness. Consider HHC gummies with an organic element such as MCT oil suitable for improving effectiveness and raspberry or strawberry for enhancing taste. Sandupama et al. (2022) noted that MCT oil or coconut oil is an organic element suitable for improving HHC gummies’ absorption rate.
The Lab Results
Although there are no standard measures for HHC gummies because they are yet to be legalized, lab results remain a mandatory necessity for HHC gummies. Avoid HHC gummies without a COAs report. There are two parts of the lab results you should pay attention to; potency and purity levels
Potency Levels
The potency levels of any HHC products, including gummies, are important to avoid overdosing. Therefore, each time you buy HHC gummies, confirm the potency levels from the COAs report. Avoid depending on the labeled potency levels since they might be misleading. Some brands offer wrong potency levels exposing you to higher risks of overdosing on HHC and harming your health.
Purity Levels
HHC gummies are likely to be contaminated during processing. Heavy metals and chemical solvents are likely to infiltrate the gummies at the manufacturing stage, lowering their effectiveness and increasing the potential risks. Heavy metals can be alarming and cause havoc to your general health. Therefore, each time you buy HHC gummies, ensure they are void of heavy metals and chemical solvents for safety. You can access the COA’s report online or scan QR codes on the labels.
Conclusion
HHC gummies are yet to gain popularity among other hemp-based products. Most brands are yet to offer them because of the potential risks. However, you can easily access them online from various vendors and manufacturers. Gummies are the most effective way of taking HHC since they are in various flavors, making it possible to evade the awful natural taste of the hemp plant. Besides, they are convenient since you can easily carry them by pocketing them everywhere you go. However, before traveling with HHC gummies, confirm whether hemp-based products are legal in your destination. Some states, such as Idaho, are strict on hemp products for therapeutic and recreational use. Lastly, HHC gummies are not found on Amazon since it restricts all hemp-based products.
References
Abernethy, A. (2019). Hemp Production & 2018 Farm Bill. US Food And Drug Administration.
Bridge-Comer, P. E., Vickers, M. H., & Reynolds, C. M. (2021). Intake Of The Artificial
Sweetener Acesulfame-Potassium Alone And In Combination With A High-Fat
Diet Leads To Differential And Sex-Specific Effects On Metabolic Function In Mice.
Ghosh, A., Banerjee, S., Debnath, T., & Das, A. K. (2022). Dehydrogenation Of
Ammonia–Borane To Functionalize Neutral And Li+-Encapsulated C 60, C 70
And C 36 Fullerene Cages: A DFT Approach. Physical Chemistry Chemical Physics, 24(6), 4022-4041.
Sandupama, P., Munasinghe, D., & Jayasinghe, M. (2022). Journal Of Future Foods.
Journal Of Future Foods, 2(1), 41-52.
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CBD Pet Market Insights: Detailed Overview of Industry Size, Share, and Projected Growth
The global CBD pet market size is expected to reach USD 1.71 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 31.8% from 2023 to 2030. The key factors driving the market growth include growing expenditure on pets, pet humanization, rising R&D in pet products, and increased awareness & sales of cannodial (CBD) pet products. Furthermore, an increased understanding of conditions like osteoarthritis in pets also remains a strong driver of growth. According to Morris Animal Foundation, osteoarthritis affected about 14.0 million adult dogs in the U.S. in 2021.
CBD Pet Market Report Highlights
The CBD Pet industry reached a valuation of USD 195.9 million in 2022. It is expected to grow at a CAGR of 31.8% during the forecast period
Expenditure on dogs remained a key highlight as it held the dominant market share of more than 50% in 2022, due to the increasing popularity of dogs as pets across the globe
The joint pain segment is expected to dominate the market over the forecast period due to the increasing prevalence of arthritis in pets
The e-commerce segment held the largest revenue share of over 40% in 2022, due to the segment’s perceived benefits of enabling pet parents to choose CBD products from a wide portfolio at competitive prices from the comfort of their home
North America is expected to dominate the CBD Pet industry over the forecast period due to the presence of key market players coupled with growing awareness of cannabis benefits among pet owners
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The COVID-19 pandemic led to adverse impacts such as supply chain hurdles, a slowdown in retail sales, and restricted access to veterinary care. However, it also led to increased demand for CBD pet products as pet parents spent more time at home, with increased attention to their pet’s health. Market players leveraged the growing demand during COVID-19 by launching new pet-specific products.
In November 2020, CV Sciences, Inc., a key company specializing in hemp-derived CBD products, launched a full line of hemp extracts-Plus CBD Pet exclusively for dogs and cats. The product line was launched via the company’s offline and online retail channels, with plans to expand into food, drug, mass retail, and pet specialty channels in the global CBD pet industry.
The increasing number of research activities for CBD-based pet products is a key driver propelling market growth. For instance, according to a new article in the Research in Veterinary Medicine, Elsevier, recent advancements in CBD-based natural health products have led to several benefits in the area of pain, anxiety, and inflammation in felines & canines. More veterinary institutes shifted their focus toward studies in CBD and its potential applications in animal health & wellness. Furthermore, key companies continue to undertake R&D initiatives to expand their product portfolios. For example, Real Brands, a CBD company, acquired Biosciences Laboratories for USD 12 million to expand its production capacity by 300% in CBD markets and other pet & human markets.
Furthermore, increasing pet humanization has led to pet parents spending more and more on pet care to protect or extend life. Most pet owners view their pets as an irreplaceable addition to their family and continue to prioritize their physical & mental health. Thus, manufacturers are widely invested in CBD-hemp formulations such as foods, medicines, and supplements specifically for cats and dogs in addition to other pets. As the majority of pet owners are young, they display high awareness of CBD products and their ability to relieve their pets from several painful indications. Therefore, the rising pet humanization trend and growing pet product expenditure continue to drive the growth of the market.
#CBDPetMarket#CBDForPets#PetHealth#PetCare#PetWellness#CBDProducts#PetSupplements#NaturalPetCare#VeterinaryCBD#HempForPets#AnimalWellbeing
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Industrial Hemp Market To Reach $16.82 Billion By 2030
The global industrial hemp market size was valued at USD 16.82 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 17.5% from 2024 to 2030. The rising product demand from industries, such as agriculture, textiles, personal care, recycling, furniture, food & beverage, paper, and construction materials, is projected to propel market growth. Hemp is increasingly being…
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Building Insulation Materials Market - Forecast(2024 - 2030)
Building Insulation Materials market size is forecast to reach US$31.6 billion by 2030, after growing at a CAGR of 5% during 2024-2030. The market is growing because of the extended demand for, rising infrastructure, and industrialization globally. Building Insulation is an important economic and environmental investment, as installing thermal insulation, buildings use less energy for heating and cooling thus occupants experience less thermal variability. Insulating concrete forms (ICFs), used to hold fresh concrete that remain in place permanently to provide insulation, and energy efficiency. Developing countries are heavily investing in infrastructure and industrialization, as developed countries broke the poverty cycle by industrializing rather than focusing on agriculture and other industries. This aids in the growth of the Building Insulation Market.
There's a growing emphasis on using insulation materials that are environmentally friendly and sustainable. This trend involves moving away from traditional insulation materials like fiberglass and polystyrene, which can have negative environmental impacts during production and disposal. Asbestos is one of the traditional building insulating materials. It poses high risks of lung diseases like mesothelioma. Thus, there's a focus on utilizing renewable and recycled materials such as recycled denim, cellulose insulation made from recycled paper, sheep's wool, hemp, and cork. These materials offer excellent thermal performance while minimizing the carbon footprint of buildings.
Advanced insulation materials have emerged as a game-changer in the quest for energy-efficient homes. These cutting-edge solutions offer better thermal resistance, reduced heat transfer, and enhanced moisture control, resulting in optimal comfort and energy savings. Advanced insulation materials, such as spray foam and aerogel insulation, provide superior thermal resistance compared to traditional options. This results in better heat retention during colder months and effective heat reflection during hot summers. Homeowners can expect reduced reliance on heating and cooling systems, ultimately saving energy and money. Advanced insulation not only benefits homeowners but also contributes to a greener future. By reducing energy consumption, these solutions help decrease greenhouse gas emissions.
COVID-19 Impact
Due to the COVID-19, many Building insulation materials manufacturing companies shut down due to lockdown restriction, cross border import export restrictions, till receipt of further directions from the government authorities. There has been a significant undersupply of housing globally to match demand. This created a major opportunity for investors and developers to adopt innovative construction technologies and partnerships in order to accelerate development. However, production at certain manufacturing companies' plants later resumed, which is a positive sign. Residential Constructions are increasing due to increased population globally; thus, the market is expanding rather than experiencing minor economic disruptions.
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Key Takeaways
• North American region dominated the building insulation materials market and is also forecasted to be the fastest-growing market during the forecast period owing to the increasing demand for thermal Insulation in the region.
• Because of massive construction sector and broad industrial base, the intensity of insulation use in the United States exceeds global averages in terms of GDP, population, and fixed investment spending. Construction companies use an extensive amount of insulation materials, which is partly owing to building rules requiring insulation.
• In China, rapidly growing construction and industrial markets contribute to the high levels of insulation demand. However, intensity of insulation use relative to fixed investment spending and population is lower than more developed countries in the region, including Japan and Australia.
• The competitiveness of the European industry of thermal insulation materials in relation to other international competitors is moderate to strong. In the EU the demand for thermal insulation materials is on the rise due to strong economy and housing market. Advanced insulating materials are rising in popularity due to EU Health and Environmental Concerns. Wool minerals (glass and stone wool) and plastic foams (EPS, XPS, PUR) are the most required materials for building insulation.
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Building Insulation Market Segment Analysis – By Type
The Polystyrene segment held the largest share of 81.1% in the Building Insulation Materials Market in 2023. Among the many types of plastics, Polystyrene (PS) foam is a lightweight, rigid plastic insulation material, and is widely recognized as the most immediate and affordable means to fight climate change. Polystyrene is made into a foam material, called expanded polystyrene (EPS), which accounts for 49.6% of the building insulation market has no global warming potential as the material does not decompose at the end of its life and it does not release any ozone-depleting substances. Polystyrene is also made into a rigid foam material, called extruded polystyrene (XPS), accounting for 30.5% of the market share. The plastic insulation materials were compared to mineral wool and glass foam, with the result that on average plastic insulation materials consume 16 % less energy and produce 9% less GHG emissions than the alternative mix of mineral wool and glass foam. Polystyrene Insulation enable significant energy savings during their entire lifecycle. For example, the energy needed to produce the panels is offset by the energy savings recovered during their first four months use. In fact, across their total life cycle, Polystyrene Insulation boards save 150 times more energy than is needed for their production.
Rigid insulation panels made from polyurethanes are light but strong, moisture-resistant and easy to install. Insulation panels and other types of foam insulation can retain their energy-efficient properties for as long as the building exists. Compared to other forms of insulation polyurethane foams are much more space-efficient, allowing architects and designers to maximise use of internal spaces. Sustainable insulation aid to sustainable buildings thus boosting the infrastructure sector and aiding to the growth of Building Insulation Materials Market.
Building Insulation Materials Market Segment Analysis – By Application
Residential segment held the largest share in the Building Insulation Materials market in 2023 and is growing at a CAGR of 5% during 2024-2030. In US, Spending for energy efficient buildings has shown an increase in 2023, with investment in building energy efficiency across global markets increasing to USD $358 billion in 2023, an increase of 22% from 2022. However, this remains a small proportion of the USD $11.9 trillion spent in the building and construction sector. According to the U.S. Census Bureau the Total Construction spending during November 2023 was estimated at a seasonally adjusted annual rate of US$2050.1 billion. According to the U.S. Census Bureau the Non-residential construction was at a seasonally adjusted annual rate of US$698.2 billion in November 2023.
Building Insulation Materials Market Segment Analysis – By Geography
North American region held the largest share in the Building Insulation Material market in 2023 up to USD $12.29 billion, owing to the need of thermal Insulation due to cold climatic condition and the rapid urbanization in the region. Another factor contributing to the growth of the Building Insulation Market in this area is growing population and the need to create a new eco-friendly urbanization that can help achieve high-quality growth in the coming decade and create an economy based on high value-added manufacturing and services while avoiding enormous environmental costs. Globally, over 50% of the population lives in urban areas today. By 2045, the world's urban population will increase by 1.5 times to 6 billion. 55% of the world’s population – 4.2 billion inhabitants live in cities. This trend is expected to continue. By 2050, with the urban population more than doubling its current size, nearly 7 of 10 people in the world will live in cities.
With more than 80% of global GDP generated in cities, urbanization can contribute to sustainable growth of construction and housing sector and thus aid to expansion of Building Insulation Material Market globally.
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Building Insulation Materials Market – Drivers
Rise in Population and Urbanization globally:
The two causes of urbanization are natural population increase and rural to urban migration. Urbanization affects all sizes of settlements from small villages to towns to cities, leading up to the growth of mega-cities which have more than ten million people. According to the National Mission for Urban Housing, The Indian government’s ‘Housing for All by 2022’ was also a major game changer for the Building Insulation Materials market. The Mission also prescribed certain mandatory reforms for easing up the urban land market for housing, to make adequate urban land available for affordable housing. Central assistance at the rate of US$2300 (Rs.1.5 lakh) per house for EWS (Economically Weaker Section) category was provided under the Affordable Housing in Partnership and Beneficiary-led individual house construction or enhancement. Insulation will help Buildings keep the desired temperature all the year-round, protecting it against cold in winter and excess heat in summer. Insulation is also useful to reduce noise pollution. A well-insulated house is very energy efficient and will need very little additional heating and cooling.
Conservation Of Energy:
Insulation is one of the most efficient ways to save energy, since it keeps it warm in the winter and cool in the summer. In fact, the Energy Saving Trust estimates that in one year a typical three-bedroom semi-detached house can save up to US$354 Billion (£310) on energy bills by installing loft and cavity wall insulation. Building Insulation leads to energy savings, which reduce the demand for fossil fuels and associated GHG emissions and other environmental impacts. It is estimated that improvements in the level of insulation of the existing building stock can reduce heating requirements by a factor of two to four.
For countries with milder winters, where heating is still required, as is the case in many developing countries, modest levels of insulation at a reasonable cost may already reduce the heating requirements by more than half of current levels, and in addition may contribute to reducing indoor temperatures in summer. If there is no air conditioning, lower temperatures in summer improve indoor comfort, or, if air conditioning is used, lead to additional energy savings. As 10% of the energy for heating than houses built according to the local national building codes.
Building Insulation Materials Market – Challenges
High Initial Investment Cost:
Common barriers for Building Insulation materials are high investment costs, lack of financing options for the up-front investments, the time and effort required to undertake renovation measures in existing buildings, lacking knowledge and awareness, and split incentives. Governments in different regions of the world have introduced measures to reduce these barriers, including mandatory energy efficiency standards, building certification, voluntary labeling, and financial incentives to stimulate investments into increased insulation and other energy saving measures in buildings. Moreover governments, civil society and industry organizations use information campaigns to increase awareness and knowledge of energy saving options in buildings. In the EU the Energy Performance of Buildings Directive (EPBD) is the main regulatory framework to prescribe the use of energy labels for European buildings. In other regions such as the United States and some Asian countries, there is a stronger focus on a combination of mandatory regulation
Building Insulation Materials Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Building Insulation Materials market. Building Insulation Materials Market top companies
Berkshire Hathaway (Johns Manville Corporation)
Saint-Gobain S.A.
BASF SE
Kingspan Group plc
Knauf Insulation, Inc.
Owens Corning
Huntsman Corporation
Rockwool International A/S
Holcim Group (Firestone Building Products Company)
Cabot Corporation
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Acquisitions/Technology Launches/Product Launches
• In March 2022, BASF expanded its graphitic expandable polystyrene (EPS) granulate portfolio. BASF had launched Neopor F 5 McycledTM, which contains 10 percent recycled material and is suitable for numerous building applications, particularly exterior insulation.
• On 28th November 2023, Kingspan Group, announced the launch of HemKor range of products which is a bio-based insulation product largely made up of hemp. It was launched as an effort to reduce the carbon footprint of buildings.
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#Building Insulation Materials Market#Building Insulation Materials Market share#Building Insulation Materials Marketsize
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Industrial Hemp Market Report Focusing On The Basis Of Product, Application, Region And Forecast 2030: Grand View Research Inc.
Industrial Hemp Market Report Focusing On The Basis Of Product, Application, Region And Forecast 2030: Grand View Research Inc.
San Francisco, 31 May 2022: The Report Industrial Hemp Market Size, Share & Trends Analysis Report By Product (Seeds, Fiber, Shivs), By Application (Animal Care, Textiles, Personal Care), By Region (North America, APAC), And Segment Forecasts, 2022 – 2030
The global industrial hemp market size is expected to reach USD 16.75 billion by 2030, registering a CAGR of 16.8% over the forecast period,…
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#Industrial Hemp Industry#Industrial Hemp Market#Industrial Hemp Market 2022#Industrial Hemp Market 2030#Industrial Hemp Market Revenue#Industrial Hemp Market Share#Industrial Hemp Market Size
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Revolutionizing Packaging: The Importance of Hemp Oil Boxes in the Market
As the wellness industry continues to expand, hemp oil has emerged as a popular product due to its numerous health benefits. This growth in demand has created a significant opportunity for brands to differentiate themselves through innovative packaging solutions. Hemp oil boxes play a crucial role in this endeavor, offering both practical and aesthetic benefits. Companies like Buy Product Boxes are leading the charge in providing high-quality, customized hemp oil packaging that meets the needs of both businesses and consumers. This article explores the importance of hemp oil boxes, current trends, and the innovative solutions offered by Buy Product Boxes.
The Significance of Hemp Oil Packaging
Hemp oil packaging is more than just a container; it serves several critical functions that contribute to the overall success of the product in the market. Here are some key reasons why hemp oil boxes are essential:
Protection and Preservation: Hemp oil boxes is sensitive to light, air, and temperature changes, which can affect its potency and shelf life. Proper packaging provides a barrier against these environmental factors, ensuring that the product remains effective and fresh for longer periods.
Brand Identity and Recognition: Customized packaging allows brands to showcase their unique identity. By incorporating brand colors, logos, and designs, hemp oil boxes can make products instantly recognizable and memorable to consumers.
Consumer Trust and Compliance: High-quality packaging conveys professionalism and reliability, which are crucial in the health and wellness industry. Moreover, compliant packaging that includes necessary information such as dosage instructions, ingredients, and certifications helps build consumer trust and ensures adherence to regulations.
Sustainability: As consumers become more eco-conscious, sustainable packaging options are increasingly important. Hemp oil boxes made from recyclable or biodegradable materials appeal to environmentally aware customers and reflect a brand’s commitment to sustainability.
Functionality and Convenience: Packaging that is easy to open, reseal, and store enhances the user experience. Functional features such as dropper inserts, child-resistant closures, and tamper-evident seals are particularly important for hemp oil products.
Trends in Hemp Oil Packaging
Several trends are shaping the landscape of hemp oil packaging. These trends reflect both consumer preferences and advancements in packaging technology.
1. Eco-Friendly Materials
Sustainability is a major trend in the packaging industry. Consumers are increasingly seeking products that minimize environmental impact. Hemp oil boxes made from eco-friendly materials, such as recycled paper, biodegradable plastics, and sustainable inks, are gaining popularity. Buy Product Boxes offers a range of sustainable packaging options that help brands reduce their carbon footprint and appeal to eco-conscious consumers.
2. Minimalist Design
The trend towards minimalist design is prominent in the hemp oil market. Clean, simple, and elegant packaging designs convey a sense of purity and quality. This approach often involves the use of natural colors, straightforward typography, and minimal graphics, which align well with the health-focused nature of hemp oil products.
3. Customization and Personalization
Customization allows brands to create unique packaging that stands out on the shelves. Personalized packaging, which can include custom shapes, sizes, and designs, helps brands differentiate themselves from competitors. Advances in digital printing technology have made it easier and more cost-effective to produce customized packaging, even for smaller batches.
4. Smart Packaging
The integration of smart technology into packaging is an emerging trend. Features such as QR codes, NFC tags, and augmented reality can provide consumers with additional information about the product, enhance the user experience, and offer interactive elements. Smart packaging not only adds value to the product but also helps brands engage with their customers in innovative ways.
5. Functional Features
Functionality is key to consumer satisfaction. Hemp oil packaging with practical features such as child-resistant caps, tamper-evident seals, and easy-to-use dropper inserts enhances the user experience. These features are particularly important for ensuring the safety and convenience of the product.
Buy Product Boxes: Leading the Way in Hemp Oil Packaging
Buy Product Boxes has established itself as a leader in the customized packaging industry, offering a wide array of solutions tailored to the needs of hemp oil brands. Their commitment to quality, innovation, and sustainability makes them a preferred partner for businesses looking to elevate their packaging.
Innovative Design Solutions
Buy Product Boxes provides a comprehensive range of design options, allowing brands to create packaging that perfectly aligns with their identity. Whether it’s through vibrant colors, unique shapes, or interactive elements, their design team collaborates closely with clients to bring their vision to life. This collaborative approach ensures that the final product not only looks great but also resonates with the target audience.
Advanced Printing Technology
Leveraging the latest in printing technology, Buy Product Boxes offers high-quality, precise, and vibrant printing options. This capability is crucial for creating detailed and eye-catching designs that stand out on the shelves. Their digital printing technology supports short runs and rapid prototyping, allowing brands to test new designs quickly and cost-effectively.
Sustainable Packaging Solutions
Sustainability is a core focus for Buy Product Boxes. They offer a variety of eco-friendly materials, including recycled paper, biodegradable plastics, and compostable films. Additionally, they are committed to minimizing waste in their production processes and ensuring that their packaging solutions are as environmentally friendly as possible.
Customization at Scale
One of the standout features of Buy Product Boxes is their ability to deliver customized packaging at scale. Whether a brand needs a few hundred units or several million, Buy Product Boxes can accommodate their needs without compromising on quality or turnaround time. This scalability is particularly beneficial for growing brands that need to quickly adapt to changing market demands.
Exceptional Customer Service
Buy Product Boxes prides itself on providing exceptional customer service. From the initial consultation to the final delivery, their team is dedicated to ensuring a seamless and satisfactory experience for their clients. This commitment to service is reflected in their high customer retention rates and positive testimonials.
The Future of Hemp Oil Packaging
As the hemp oil market continues to grow, the role of packaging will become increasingly important. Here are some predictions for the future of hemp oil packaging:
Increased Personalization
The demand for personalized experiences will drive further advancements in customization technology. We can expect to see more sophisticated and affordable options for creating individualized packaging, including mass personalization capabilities that allow for unique designs on a large scale.
Greater Emphasis on Sustainability
Sustainability will remain a critical focus, with continued innovation in eco-friendly materials and processes. Brands will seek out packaging solutions that not only meet but exceed environmental standards, and companies like Buy Product Boxes will play a crucial role in developing these solutions.
Enhanced Consumer Interaction
Interactive packaging will become more prevalent, with augmented reality (AR) and virtual reality (VR) features providing immersive and engaging experiences. These technologies will offer new ways for brands to connect with consumers, providing added value beyond the product itself.
Integration of Smart Technologies
Smart packaging will become more integrated, offering features such as freshness indicators, temperature controls, and real-time tracking. These advancements will improve product safety and quality, while also providing valuable data for both consumers and brands.
Evolution of Design Aesthetics
Design trends will continue to evolve, with a focus on simplicity, functionality, and authenticity. Brands will seek to create packaging that not only looks good but also tells a story and reflects their values. Minimalist designs, coupled with high-quality materials and finishes, will remain popular.
Conclusion
Hemp oil box packaging is a vital component of product success, offering protection, branding, compliance, and sustainability. Companies like Buy Product Boxes are leading the way in providing innovative, high-quality, and customized packaging solutions that meet the diverse needs of the market. As consumer preferences continue to evolve, the importance of hemp oil boxes will only grow, offering exciting opportunities for brands to connect with their audience in meaningful and memorable ways.
By investing in high-quality, customized hemp oil packaging, brands can enhance their identity, improve consumer satisfaction, and ultimately drive business success. The future of hemp oil packaging is bright, and with the right partner, the possibilities are endless.
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Michelman fiber sizing line added to IACMI collaboration facility
The Composites Institute in partnership with Michelman, a global manufacturer of advanced materials, is pleased to announce the addition of a state-of-the-art fiber sizing line to the IACMI Collaboration Facility in Knoxville, Tenn. The 70-foot, modular system is designed to apply a variety of "fiber sizings," a very thin chemical coating that serves multiple benefits in manufacturing. This process is an essential step in making composites lighter, stronger, and more versatile.
This unique equipment helps provide a faster path from research to commercialization, according to IACMI's Chief Technology Officer Dr. Uday Vaidya, who serves as the University of Tennessee – Oak Ridge National Laboratory (UT-ORNL) Governor's Chair in Advanced Composites Manufacturing.
"I am both grateful and excited to have this line commissioned to benefit multiple stakeholders in the composites ecosystem we've built between IACMI, ORNL, UT, and industry," said Vaidya. "We're not only researching and developing sustainable composites innovations. With the Michelman line, stakeholders can customize their constituent materials for a tailored fiber-matrix interface, which is key to the properties/performance of the composite."
Ohio-based Michelman manufactures chemical solutions for agricultural and architectural coatings, digital printing, packaging, and advanced composites for automotive and aerospace. Michelman's equipment enables hands-on training for next-generation engineers and is the culmination of many years of collaboration with IACMI.
"As a leading global supplier of sizing and surface treatments, Michelman is proud to support this collaboration between industry, government, and academia," said Steve Bassetti, a Director of Global Marketing at Michelman. "With our purpose of Innovating a Sustainable Future, we are eager to invest in the success of the future workforce. By enabling students to apply classroom knowledge to real-world applications, we hope to accelerate students' learning curves and fuel their passion to join the workforce within the composites industry. Who knows, perhaps some of these students will lead the way in developing the next generation of sustainable composites!"
A fiber sizing is a thin coating of a custom chemical formulation applied to the fiber to serve several functions. Benefits of sizings include protecting fibers from breaking during manufacturing and tailoring the properties of the surface to maximize the interfacial properties between the fiber and the polymer matrix, while also allowing the fiber format to be used or consumed in the multiple types of composite manufacturing processes.
Initial work is underway developing sizing solutions for standard and wide tow carbon fiber, but there are far more fibers and reinforcements to explore. "For example, we're still scratching the surface on what we can do with natural fibers like hemp, flax, and coir to name a few," said Vaidya. "Sky's the limit for innovations in sizing development."
This sizing line was custom-built by Izumi International, Inc. out of South Carolina. The line has unique features. The modularity of its design allows it to be used for fiber feed, fiber spread measurement, fiber damage assessment, conditioning in-line ovens/heaters, tension guides, wet baths, and a range of other custom features. One of its key benefits for stakeholders is being able to offer high-value applications by differentiating fibers and resin offerings based on custom sizing. Potential customers or industries benefiting from this line are broad, ranging from material suppliers, OEMS, Tiers, parts manufacturers, and small companies. The line is also ideal for continuous R&D for emerging chemistries, such as bio-based polymers and other feedstocks that provide more sustainable options.
Vaidya noted that sizing solutions for the aerospace market have typically focused on carbon fiber that's compatible with thermoset epoxy and polyurethane resins. Now with more focus on sustainability and making composites more recyclable, there's a lot of interest in fiber sizing options that are compatible with thermoplastic resins. Developing options for a broader family of fibers and resins can provide custom solutions for infrastructure, marine, wind, aerospace, defense, sporting, and healthcare sectors
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CBD Consumer Health Market Size To Reach $61.17Bn By 2030
CBD Consumer Health Market Growth & Trends
The global CBD consumer health market size is anticipated to reach USD 61.17 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 18.1% from 2023 to 2030. The growing adoption of cannabidiol (CBD) as a consumer health product due to increasing awareness about the health benefits of CBD and rise in the number of countries legalizing these products are the key factors driving the growth. Furthermore, the changing buyer perception and attitude toward cannabidiol products is an important factor bolstering the revenue growth.
Based on product type, nutraceuticals dominated the market with a revenue share of 62.4% in 2019. Rising awareness regarding cannabidiol, changing user preferences from chemical-based ingredients to organic ingredients in dietary supplements, and favorable government initiatives for hemp-derived cannabidiol are the key factors driving the growth. The segment is anticipated to witness the fastest CAGR during the forecast period, owing to an increase in the consumption of CBD-based nutraceutical products in health and wellness, sports nutrition, weight management, and other fields.
Based on distribution channels, retail pharmacies dominated the market for cannabidiol consumer health in 2019. An increase in the number of companies selling their products via retail pharmacies is fueling the growth of the segment. However, the online stores segment is anticipated to witness fastest growth over the forecast period. This can be attributed to the increase in penetration of e-commerce, rising demand for CBD-infused products, preference of consumers for buying CBD online, and easy availability of these products in emerging markets.
North America dominated the market in 2019, with a revenue share of 59.8%. The growing awareness about the medical benefits of CBD among consumers has resulted in greater sales of online and retail sales in the region. On the other hand, Europe is expected to be the fastest-growing region, owing to an increase in consumption, rising awareness, positive attitudes regarding CBD products, and strategic investments by major companies in the region.
Request a free sample copy: https://www.grandviewresearch.com/industry-analysis/cannabidiol-consumer-health-market
CBD Consumer Health Market Report Highlights
Nutraceuticals dominated the market in 2022 with a revenue share of 60%, owing to the changing consumer preferences from chemical-based ingredients to organic and herbal ingredients in dietary supplements
Online stores is anticipated to be the fastest-growing distribution channel segment over the forecast period, owing to the increase in penetration of e-commerce and the rising number of players offering their products online
North America dominated the CBD consumer health market for cannabidiol consumer health products, with a revenue share of around 70% in 2022.
CBD Consumer Health Market Segmentation
Grand View Research has segmented the global CBD consumer health market based on product type, distribution channel, and region:
CBD Consumer Health Product Type Outlook (Revenue, USD Million, 2018 - 2030)
Medical OTC Products
CBD Analgesic Products
CBD Dermatology Products
CBD Mental Health Products
CBD Sleeping Aids Products
Other OTC Products
Nutraceuticals
CBD Vitamins and Dietary Supplements (VDS)
CBD Sports Nutrition
CBD Weight Management and Wellbeing
CBD Consumer Health Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
Online Stores
Retail Stores
Retail Pharmacies
CBD Consumer Health Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Sweden
Norway
Denmark
Asia Pacific
China
Australia
Thailand
Japan
India
South Korea
Latin America
Brazil
Argentina
Mexico
Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
Kuwait
List of Key Players in the Cannabidiol (CBD) Consumer Health Market
Elixinol Global Limited
ENDOCA
NuLeaf Naturals LLC
Kazmira
Charlotte's Web
Joy Organics
Lord Jones
Medical Marijuana Inc.
CV Sciences Inc.
Isodiol International Inc.
Browse Full Report: https://www.grandviewresearch.com/industry-analysis/cannabidiol-consumer-health-market
#CBD Consumer Health Market#CBD Consumer Health Market Size#CBD Consumer Health Market Share#CBD Consumer Health Market Trends#CBD Consumer Health Market Sales#CBD Consumer Health Market Growth
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