Connect with us

Technology

Industrial Hemp Market worth $30.24 billion by 2029 – Exclusive Report by MarketsandMarkets™

Published

on

DELRAY BEACH, Fla., Jan. 8, 2025 /PRNewswire/ — The industrial hemp market is estimated at USD 11.03 billion in 2024 and is projected to reach USD 30.24 billion by 2029, at a CAGR of 22.4% from 2024 to 2029, according to a report published by MarketsandMarkets™.

The demand for industrial hemp is growing globally due to increasing demands for the use of environment-friendly products in the different sectors like textiles, construction, bioplastics, personal care products, and the increased cultivation, favourable regulatory amendments, as well as widespread recognition of its environmental benefits among consumers are driving the growing interest in the global industrial hemp market. The development of new, innovative hemp-based products is yet another opportunity to grow markets with biodegradable plastics and natural fibers. Going forward, the market will keep on growing with continuous loosening of regulations by governments to support hemp cultivation.

Browse in-depth TOC on “Industrial Hemp Market”

307 – Tables
30 – Figures
299 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=84188417

The hemp seed segment holds the highest market share in the type of segment of the industrial hemp market.

Hemp seed hold highest market share in industrial hemp because of its diverse uses, like the food sector, cosmetic areas, and even in agricultural operations. Hemp seed is high in essential fatty acids, and it does contain proteins along with vital nutrients that really make a great product for any food industry or wellness-oriented operations. Skincare products contain the oil extracted from hemp seeds. Snacks, beverages, and supplements also contain hemp seeds. As the demand for plant-based nutrition and sustainable ingredients grows, hemp seeds lead the market in the industrial hemp.

The conventional source segment holds highest share in the source segment in industrial hemp market during the forecasted period 2024-2029.

The conventional sources of the industrial hemp market dominate because they already have established infrastructure system and are highly accepted for farming and processing. Traditional farming, along with government policies and supply chains already set up, remains the largest area of production of hemp for textiles, bioplastics, and food products. This would mean consistent yields and product quality as conventional sources assure, making it a choice source for large-scale industrial hemp production. So, with this growth of demand, conventional sources should remain the leader in this market.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=84188417

Based on region, Europe has a significant share in the industrial hemp market.

Europe accounts for significant share in industrial hemp market due to its strong agricultural sector, supportive regulatory environment, and increasing demand for sustainable products. The European Union has policies to encourage hemp farming; these policies include financial incentives to farmers and a clear framework for the processing of the crop. Hemp farming is on the rise across the European region, especially with regard to fiber production. Between 2015 and 2022, the areas planted with hemp in the EU increased by 60% from 20,540 hectares to 33,020 hectares. In the same time span, hemp production saw a growth of 84.3%, increasing from 97,130 tonnes to 179,020 tonnes. The country that leads as the biggest producer is France with more than 60%, Germany with 17% followed by the Netherlands by 5%.

In December 2021, the European Union approved its new Common Agricultural Policy (CAP) for 2023-2027, applicable from January 2023. This new policy opens the way for farmers to be paid directly for cultivating hemp varieties listed in the EU Catalogue with a THC content below 0.3%. For now, hemp varieties must contain less than 0.2% of THC. Traditionally, hemp fibres in Europe have mostly been used for specialty pulp and paper, such as cigarette paper, Bible paper, and banknotes. However, thanks to the European Commission’s supports, increasing research and development lead to the expansion of this use of hemp fibers both in automotive applications and for construction materials.

The report profiles key players such as Curaleaf Holdings, Inc. (US), Green Thumb Industries (US), Canopy Gowth Corporation (Canada), AURORA CANNABIS INC. (Canada), The Cronos Group (Canada), Ecofibre Ltd (Australia), HempFlax Group B.V. (Netherlands), Dun Agro Hemp Group (Netherlands), Fresh Hemp Foods Ltd. (Canada), GenCanna (US), Konoplex Group (Russia), Canah International (Netherlands), MH Medical Hemp GmbH (Germany), Liaoning Qiaopai Biotech Co., Ltd. (China), and IND HEMP (US).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=84188417

Browse Adjacent Reports @ Food and Beverage Market Research Reports & Consulting

Related Reports:

Cannabis Market Size, Share, Trends Analysis Report, By Product Type (Flowers, Concentrates, Edibles, Topicals & Tinctures), By Compound (THC-Dominant, CBD-Dominant, and Balanced THC & CBD), By Application (Medical and Recreational), and By Region (North America, South America, Europe and RoW) – Industry Forecast – 2027

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/industrial-hemp-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/industrial-hemp.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/industrial-hemp-market-worth-30-24-billion-by-2029–exclusive-report-by-marketsandmarkets-302345364.html

Continue Reading

Technology

Multiplier Reveals Global Hiring Trends: International Hiring for Leadership Roles Rises, US-to-Canada Hiring Expands by 170%, and Commercial Roles Outpace Tech

Published

on

By

Based on data from over 38,000 cross-border hires, Multiplier’s Talent Trends reveals the ways companies are fundamentally changing how, where, and why they recruit globally.

NEW YORK, Oct. 27, 2026 /PRNewswire/ — Multiplier, the Global Exchange for Work, released its Talent Trends data, uncovering major shifts in how organizations build and manage international teams. Based on an analysis of more than 38,000 hires across 2,700+ companies, the data demonstrates that global hiring strategies are increasingly driven by commercial expansion, nearshore market growth, and geographical splits between leadership and operational delivery roles.

The continued volatility of H-1B visas has remained a driving force for global engineering and data hiring. Those positions mark the largest single function at 25% of all hires through Multiplier. Sales and customer support roles, however, saw the fastest acceleration over the past year. Sales hiring grew 108%, and customer support grew 59%, significantly outpacing overall hiring through Multiplier (53%) and engineering and data roles, which grew 34%.

“As work goes global, decisions can no longer rely on blind instinct or outdated surveys,” said Sagar Khatri, Co-Founder and CEO of Multiplier. “Talent Trends leverages real contracts and real wages from Multiplier’s Global Exchange for Work to show what work is worth, where talent runs deep, and where it’s heading. The data is cleaned rigorously, broken down by country, role, seniority and industry, and refreshed every quarter. It shows the market as it is today, not as it was a year ago, which provides HR leaders, finance teams, and global talent the real intelligence needed to make confident, evidence-based moves.”

Key Insights from the Talent Trends data:

International Leadership Roles are Rising: Director-level or above hires grew 84% in the 12 months to June 2026, faster than hiring overall through Multiplier (53%). Leadership roles make up 29% of hires in the UK and 26% in Singapore.Commercial Roles Outpacing Technical Hiring: Sales is now the top hiring function in mature international markets, including Germany (26%), Australia (28%), and the UK (22%).The Leadership vs. Delivery Divide: Director-level and executive roles are heavily concentrated in regional hubs: they account for 29% of hires in the UK, 26% in Singapore, and nearly 23% in the US and Canada.Surge in Nearshore and Secondary Growth Markets: Nearshore corridors experienced exponential growth, led by Canada (+302%) and Colombia (+210%) in the 12 months to June 2026, driven largely by US companies. US-to-Canada hiring also expanded 170% year-over-year in Q2 2026, becoming the single largest cross-border hiring corridor through Multiplier.Prevalence of USD Pay for Contractors: Contractors are paid differently from Employer of Record (EOR) employees. In Brazil, 75% of contractors and freelancers receive pay in USD, while 100% of EOR employees are paid in other currencies.Backfill vs. Net New Growth: Replacement hiring varies more than tenfold across borders. Nearly a quarter of hires in India and 20% in the Philippines replace departing employees, compared to just 7% in the US and 2% in Canada.Localized Hiring Calendars: Peak hiring seasons vary significantly by geography. Onboarding peaks in April in Australia (16% of starts), whereas January is the busiest month for China (18%), Spain (15%), and Germany (13%).

Talent Trends draws on more than 38,000 hires through Multiplier’s Global Exchange for Work, covering 24 months ending in June 2026. It covers Employer of Record (EOR) employees, contractors and freelancers. Every figure rests on at least 50 hires, and figures where a single customer makes up more than 35% of the data were omitted, with a few exceptions marked as indicative.

To explore the Talent Trends tool and explore detailed profiles for 20 key global hiring markets, visit https://www.usemultiplier.com/talent-trends.

About Multiplier

Multiplier is the Global Exchange for Work, precision-built for companies to hire, manage, and pay global teams across more than 160 countries. By combining Employer of Record, COR, and Global Payroll, with a vast network of owned entities and human-first support, Multiplier empowers companies of all sizes to expand globally with confidence. Since 2020, the global-first infrastructure has processed over $1.81 billion in cross-border wages, reshaping the global economy and the future of work. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/multiplier-reveals-global-hiring-trends-international-hiring-for-leadership-roles-rises-us-to-canada-hiring-expands-by-170-and-commercial-roles-outpace-tech-302921567.html

SOURCE Multiplier

Continue Reading

Technology

The Digimon Card Game Heads to the Digital World in DIGIMON ALYSION! Pre-Register Today!!

Published

on

By

Pre-registration for the mobile version of the popular card game begins today in 49 countries and regions!

LOS ANGELES, Oct. 27, 2026 /PRNewswire/ — After years of building a thriving and competitive community of Digimon Tamers, BANDAI CO., LTD. is thrilled to share that the Digimon Card Game is making the jump to mobile platforms with DIGIMON ALYSION! Pre-registration for this mobile title is now available to all curious Digi-Destined in 49 countries and regions across the globe!

Pre-Register for DIGIMON ALYSION: HERE

Taking place in the world of the DIGIMON LIBERATOR webcomic and light novel, which are both available to read for free on the Digimon Card Game official website, DIGIMON ALYSION is set to expand the card game through the inclusion of exclusive new cards, as well as the lore of the extended Digimon universe with a new Story Mode!

In DIGIMON ALYSION’s Story Mode, players follow along as card game newcomer Kanata Hondo learns the rules and systems of the Digimon Card Game with support from her best friend Futre, and plays card battles by following the in-game guide. Beyond helping new players learn how to play the Digimon Card Game, the Story Mode will also feature performances from famed voice actors who are bringing these characters to life. This cast of characters and performers will include:

Kanata Hondo voiced by Shu UchidaAn energetic, upbeat casual gamer who has played games of all kinds but is new to card games.Futre voiced by Hikari KubotaA girl who games with Kanata. They have never met in real life, but they are so close that each considers the other a best friend.Valner Dragnogh voiced by Fairouz AiA girl who is the guild master of [Di:WO], the guild Futre once belonged to.Renamon voiced by Miyuki SawashiroValner’s partner Digimon. Renamon rarely shows emotion, but is always looking out for Valner.Aliol voiced by Ayumu MuraseThe guide for DIGIMON LIBERATOR, a near-future full-dive game.

With deep gameplay that supports a wide variety of viable decks, plus battle and strategy design built for competitive play such as ranked matches and tournaments, the game delivers a full-fledged TCG experience that card game fans and Digimon fans alike are sure to love!

Game Info:

Title: DIGIMON ALYSION
Genre: Online card game
Developer/Operator: BANDAI CO., LTD.
Platforms: App Store / Google Play (iOS / Android)
System Languages: Japanese, English, Simplified Chinese, Traditional Chinese, Korean
Card Languages: Japanese, English, Simplified Chinese, Korean
Price: Free-to-play (in-app purchases)
Pre-registration start: Tuesday, October 27, 2026
Official release: Planned for 2026

Related Links:

Official website: https://www.digimon-alysion.com
Official X: https://x.com/DIGIMON_ALYSION
Official Facebook: https://www.facebook.com/people/Digimon-Alysion/61573960307458/
Official Instagram: https://www.instagram.com/digimon_alysion
Digimon Card Game Official YouTube: https://www.youtube.com/@digimontcgen
Read Digimon Liberator: https://digimoncard.com/digimon_liberator/en/
App Store / Google Play: https://app.adjust.com/25feumqt

Company and Copyright Info: 
Company Profile: BANDAI CO., LTD.
Website: https://www.bandai.com/ 

Please include the following copyright information for all images, videos, and all other assets sourced from DIGIMON ALYSION:
©Akiyoshi Hongo, Toei Animation ©BANDAI

Additional Assets: HERE

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-digimon-card-game-heads-to-the-digital-world-in-digimon-alysion-pre-register-today-302921597.html

SOURCE BANDAI CO., LTD.

Continue Reading

Technology

The Ad Council Welcomes 23 New Members to Its Board of Directors

Published

on

By

Meta’s Nicola Mendelsohn Elevated to Vice Chair

NEW YORK, Oct. 28, 2026 /PRNewswire/ — The Ad Council, America’s leader in leveraging the power of communications to inspire action and accelerate change around the nation’s most pressing issues elected 23 new members to its Board of Directors at its biannual Board meeting yesterday. Along with welcoming a new group of leading marketing, media and business executives, the nonprofit organization elevated Nicola Mendelsohn, Head of Global Business Group, Meta, to the role of Vice Chair. Mendelsohn joined the Ad Council Board of Directors in 2023, and the Executive Committee in 2024.

Chaired by Kirk McDonald, CEO of Sundial Media & Technology Group, the Ad Council’s Board of Directors offers critical strategic and financial support fueling the organization’s mission to address the leading issues facing people in the U.S., including firearm injury prevention, mental health and more.

“We are thrilled to welcome these exceptional leaders to the Ad Council’s Board of Directors. Each brings an incredible depth of experience, fresh perspective, and a genuine commitment to our mission. I’m excited for the ideas and energy they’ll bring as we work together to tackle some of our nation’s most pressing challenges and create meaningful, lasting impact,” said Ad Council President and CEO Lisa Sherman.

“The Ad Council is proof of what our industry can do at its best: when creativity, media and technology come together in service of something bigger,” said Nicola Mendelsohn, incoming Vice Chair of the Ad Council Board of Directors. “I’m honored to step into this role and to work alongside such talented leaders across the industry to accelerate that impact in the years ahead.”

New members of the Ad Council Board of Directors include:  

Mindy Barry, CMO, Mars Pet Nutrition North America, MarsLinda Boff, President, Forbes CMO Network, ForbesDevika Bulchandani, Chief Operating Officer, WPPJames Cadwallader, Co-Founder & CEO, ProfoundRobin Callif, Chief Communications and Marketing Officer, Omnicom Public RelationsLindsay Franke, Group President & Deputy CEO – North America, IpsosLiza Heller, Sector Director, CPG, U.S., TikTokAlexander Jutkowitz, Partner, Head of Advisory, United Talent AgencyAshan Khan, Head of Global Agency Partnerships, Uber Advertising, UberJohn Kozack, President, U.S. Advertising Sales and Marketing, TelevisaUnivisionCasey DePalma McCartney, Senior Vice President, Communications & Corporate Affairs, Unilever North AmericaAdrian Mulryan, VP, Global Agency & Strategic Accounts, Snap Inc.Peter Naylor, Chief Client Officer, NielsenKristen O’Hara, VP, Global Agency Platforms & Client Solutions, GoogleTim Perzyk, VP, Marketing & Marketing Science, Microsoft AdvertisingMegan Ramm, Global Chief Revenue Officer, PubMaticHoward Reid, SVP, Corporate Brand & Purpose, Johnson & JohnsonMaggie Reznikoff, Chief Client Officer, Open InfluenceHayley Romer, Managing Director, US Advertising Sales, Bloomberg MediaAlex Underwood, Managing Director, North America, TeadsAshley Walters, Chief Marketing Officer, Partner, CuriosityJennifer Warren, VP, Global Brand Marketing and Experience, IndeedLin-Hua Wu, EVP, Chief Marketing and Communications Officer, General Motors

A complete list of the Ad Council Board of Directors is available on the organization’s website, AdCouncil.org. 

About the Ad Council
The Ad Council convenes creative storytellers to educate, unite and uplift audiences by opening hearts, inspiring action and accelerating change. For more than 80 years, the nonprofit organization and its partners in advertising, media, marketing and tech have been behind some of the country’s most iconic social impact campaigns – Smokey Bear, Friends Don’t Let Friends
Drive Drunk, Tear the Paper Ceiling and many more. 

To learn more or get involved, visit AdCouncil.org, join the Ad Council’s communities on Facebook, Instagram and LinkedIn, and view campaign creative on YouTube. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-ad-council-welcomes-23-new-members-to-its-board-of-directors-302921414.html

SOURCE The Ad Council

Continue Reading

Trending