7 Investor Report Industrial Hemp Sector New Zealand ’ s New Export Opportunity 2020
given to cannabis sativa plant strains with extremely low levels of THC . Hemp is grown both in New Zealand and overseas for industrial and commercial use , and in New Zealand the permissible level of THC is less than 0.35 %. Hemp seed is highly nutritious and very versatile . The entire hemp plant , including stalk , leaves , seeds and buds can be used for a wide range of products , including fibre , food and health remedies .
Global Hemp Industry Growth
Hemp manufacturing was for centuries a key economic sector from Asia to the Americas . But this was followed by eight decades of being wrongly designated as a narcotic drug . With the trend of changes to legalisation occurring in many countries the industry has had a resurgence of investment . It now has the potential to occupy again the heights of national economic value it once occupied through industrial fibre products , textiles , and natural health remedies . The leading Hemp countries are China , Canada , USA , France , Chile and North Korea .
The global hemp industry has been growing at 20 % CAGR over the past 4 years , but is projected to grow from US $ 4.6 billion in 2019 at a 40 % CAGR to US $ 64.8 billion by 2030 . The biggest share of this market is expected to be CBD and other cannabinoid products , as well as the rise of low and high tech fibre products in global markets . NZ companies are beginning to export in the premium seed oils category for the discerning global consumers in the major cities of the world . This will be followed by fibre exports as processing plants are built , and cannabinoid nutraceuticals as and when they are legalised in New Zealand .