$36 billion by 2030 — and that’s just hemp fibre.
A new report from MarkNtel Advisors (April 11th) forecasts the global hemp fibre market to more than triple in size over the next five years — from $11bn today to $36bn by 2030. That’s huge. But it still barely scratches the surface.
If we’re serious about the post-carbon economy, we need to stop treating hemp as a fringe material — and start building policy around what it can actually do.
Charcoal for carbon credits. Fibre for textiles, composites and construction. Biofuels for aviation and shipping. Hemp doesn’t nibble at the edges — it offers systemic substitution.
We’ve recently been building a blueprint for what industrial hemp could look like in the US. We call it The Ziggurat — but more on that another time. In it, we’ve modelled approximately $56bn a year in new income from under 5% of farmland. Ohio alone could deliver 50,000 jobs and $3bn a year by 2030.
This market is moving fast, and it’s going to be big. Policy needs to keep pace.
📖 Full report here: https://lnkd.in/eDKu7g5e
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