To date, much of the focus has been on the medicinal and therapeutic benefits of hemp. But those uses are a small fraction of hemp's potential in society.
In fact, industrial sales are expected to triple in the next 7 years, rising from $4.71 billion in 2019 to $15.26 billion in 2027.
The Textile Industry
[T]he textile industry is strongly experiencing hemp’s disruption, especially as a replacement for cotton.
The material can be processed to be lightweight, soft, breathable, and durable, replacing most cotton applications in the textile industry. Considering that cotton represents 43% of all fibers used for clothing and textiles worldwide, hemp has huge possibilities ahead.
The Construction Industry
Hempcrete, concrete made with hemp and lime, is lighter and more resistant to fire, mold, and moisture than regular concrete. "It can be made as strong as ordinary concrete and captures atmospheric carbon as it dries," [says hemp activist Steve DeAngelo]. Furthermore, it can be used without structural purposes, as a thermal and acoustic insulator.
Read the full article at www.benzinga.com