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Industrial Hemp Market Soars from $6.6 Billion to $25.7 Billion by 2034, Fueled by Sustainable Innovation

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Based on a new research report by Fact.MR, worldwide sales of Industrial Hemp Market are estimated to reach US$ 6.6 billion in 2024. By 2034, this market is anticipated to skyrocket to a staggering US$ 25.7 billion, driven by a steady CAGR of 14.5% from 2024 onward.
Demand for industrial hemp is skyrocketing as more and more industries recognize its versatile and sustainable properties. Once overlooked, this remarkable crop is now being embraced for its myriad uses across various sectors. From textiles and construction materials to biofuels and nutritional supplements, hemp’s applications are seemingly endless.
Environmentally conscious consumers are driving much of this demand, as hemp requires minimal pesticides and herbicides, making it an eco-friendly choice for sustainable farming. Its ability to sequester carbon dioxide and remediate contaminated soil further adds to its appeal. Moreover, hemp’s durability, lightweight nature, and renewable qualities make it an attractive alternative to traditional materials in manufacturing.
Request a Sample of this Report:https://www.factmr.com/connectus/sample?flag=S&rep_id=3989
As awareness of hemp’s benefits continues to spread, industries are investing in research and development to unlock its full potential. With its multi-faceted applications and sustainable credentials, industrial hemp is poised to become a cornerstone of the green economy, meeting the growing demand for environmentally responsible products and practices.
Key Takeaways from the Market Study:

Based on nature, sales of organic hemp are estimated to reach a valuation of $3.2 billion in 2024.
The market in Mexico is evaluated to expand at a CAGR of 13.6% from 2024 to 2034.
Revenue from sales of industrial hemp in East Asia is projected to reach $5.9 billion by the end of 2034.
The South Korean market is evaluated to reach a valuation of $1.4 billion by the end of 2034.
North America is analyzed to hold a global market share of 24.3% by 2034.

“Use of industrial hemp in textiles, medicines, and food, coupled with global sustainability trends, is creating opportunities for suppliers. Governments worldwide are collaborating to boost global hemp distribution,” says a Fact.MR analyst.
Increasing Awareness of Therapeutic Potential of Hemp in Medical Applications
Once relegated to the fringes, industrial hemp is rapidly emerging as a sustainable wonder crop, fueling a wave of cutting-edge innovations across diverse industries. As researchers and entrepreneurs unlock its vast potential, hemp is proving to be a versatile and eco-friendly resource, paving the way for exciting new products and applications.
The automotive industry is also exploring the use of hemp fibers as a reinforcement material for lighter, stronger, and more sustainable car parts. These natural fiber composites could reduce vehicle weight, improving fuel efficiency and reducing emissions.
In the field of biotechnology, scientists are harnessing the unique properties of hemp to develop innovative products. For instance, researchers are exploring the use of hemp-derived compounds, such as cannabidiol (CBD), for their potential therapeutic applications in various medical conditions.
Japan’s Industrial Hemp Market Poised for Rapid Growth
The industrial hemp market in Japan is projected to grow at a compound annual growth rate (CAGR) of 15.1% from 2024 to 2034, with the country expected to hold a 29.4% market share by the end of the period.
Increased investment in research is crucial for unlocking the full potential of industrial hemp. Research efforts may focus on improving hemp genetics for higher yield and quality, optimizing cultivation practices, and exploring innovative applications such as advanced nanomaterials or pharmaceuticals. This investment fosters innovation and establishes a foundation for the hemp industry’s long-term growth and competitiveness in an ever-evolving market.
Get Customization on this Report for Specific Research Solutions:https://www.factmr.com/connectus/sample?flag=RC&rep_id=3989
Expanding Opportunities in the United States Industrial Hemp Market
The industrial hemp market in the United States offers abundant opportunities for stakeholders to broaden their product portfolios. Beyond traditional uses like textiles and oils, there is significant potential for hemp-based products to evolve into biodegradable polymers, eco-friendly packaging, and even biofuels. This diversification, a prominent trend in the industrial hemp market, not only targets emerging markets but also positions hemp as a versatile and sustainable resource with applications across various industries.
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the industrial hemp market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on nature (organic, conventional), product type (fiber, seeds), and end use (food & beverages, consumer textiles, personal products, industrial applications, hemp CBD, supplements, other consumer products), across seven major regions of the world (North America, Latin America, Eastern Europe, Western Europe, East Asia, South Asia & Pacific, and MEA).
Check out More Related Studies Published by Fact.MR Research:
Hemp-Based Products Market is expected to reach $1.8 billion in 2023 and jump to a size of $16.2 billion by 2033.
Cannabis Infused Drinks Market is predicted to race ahead and end up at US$ 8.7 billion by 2032.
Ready-to-use Therapeutic Food Market to surge from $459.9M in 2024 to $800.6M by 2034, driven by 5.7% CAGR, marking substantial growth.
Specialty Fat and Oil Market will hit $85.94 billion by 2034 with a 4.6% Annual Growth Rate.
Baking Ingredient Market is set to reach $41.48 billion by 2034, Driven by 6.5% Annual Growth Rate.
Infant Milk Formula Market: From Growth Spurts to Baby Boom – Projected Surge to $22.35 Billion by 2034.
The post Industrial Hemp Market Soars from $6.6 Billion to $25.7 Billion by 2034, Fueled by Sustainable Innovation appeared first on HIPTHER Alerts.

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iTRAK 5750 Intelligent Track System from Rockwell Automation Enables Faster, More Flexible Motion Across Heavier Payloads

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Rockwell Automation, the world’s largest company dedicated to industrial automation and digital transformation, has announced the iTRAK® 5750 Intelligent Track System, providing companies the opportunity to redefine machine productivity using faster, smarter and more flexible motion.
The system expands the Rockwell Automation iTRAK portfolio with a specialized design that is optimized for heavier payload applications. It replaces the mechanical components and complex linkages of traditional conveyor systems, instead using electromagnetic force to generate motion.
This revolutionary way to move goods provides an opportunity to design more reliable machines that require less maintenance and deliver new levels of productivity. The versatile system comprises of a variety of straight and curved tracks, offering the ability to tailor each system to its exact application requirements.
The iTRAK 5750 Intelligent Track System enables companies to keep up with technology that allows independent movement of each individual carrier and simple control of motion through user-friendly software profiles. This can remove bottlenecks and boost overall productivity so that short runs can become more profitable, while margins can be expanded in standard runs. Seamless integration with complete Allen‑Bradley solutions provides optimized communication and synchronization with surrounding devices, such as robots.
With the capability to add exceptional speed, intelligence and flexibility to a wide variety of motion processes, the iTRAK 5750 Intelligent Track System helps transform the performance of automation systems and usher in a smarter manufacturing future.
The post iTRAK 5750 Intelligent Track System from Rockwell Automation Enables Faster, More Flexible Motion Across Heavier Payloads appeared first on HIPTHER Alerts.

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Altair Names Aitek Channel Partner for the North, West, and Central African Regions

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Altair (Nasdaq: ALTR), a global leader in computational intelligence, is thrilled to welcome Aitek as a new channel partner. Within the partnership, Aitek will offer Altair’s leading data analytics and artificial intelligence (AI) solutions to its customers throughout the North, West, and Central African Regions.
“We are delighted to announce this strategic partnership to expand further into a dynamic, fast-growing region that has the capacity to rapidly adopt technological solutions,” said Stefano Deiana, vice president of Altair France, Italy, Spain, and Africa, Altair. “Aitek owes its success to its strong local presence in several countries, in addition to its strong integration in technology and business environments.”
Established in North, Central, and West Africa, Aitek’s main mission is to be the key partner between Altair and its key accounts on the African continent. This partnership confirms Altair and Aitek’s commitment to providing advanced, trusted technological solutions to companies and organizations throughout Africa.
“Africa’s digital revolution is underway, driven by converging technologies such as AI, IoT, and Big Data. These technologies are catalysts for innovation and economic growth, offering Africa a unique opportunity to bridge the gap with other continents. This is the moment to embrace the change and leapfrog,” said Redda Ben Geloune, president and founder, Aitek. “By partnering with Altair, we aim to create a success story not only for our businesses but also for Africa’s economic development. Together, we can accelerate the adoption of AI-based solutions, enhance business productivity, and transform various sectors for sustainable growth. This could shift the current paradigm and propel Africa, the richest continent in resources, into a powerful economy.”
Altair works with a global network of channel and technology partners. To learn more or to become a partner, visit https://altair.com/altair-partners.
The post Altair Names Aitek Channel Partner for the North, West, and Central African Regions appeared first on HIPTHER Alerts.

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New Leadership Program Emphasizes Empathy as Key to Business Success

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In today’s rapidly evolving business landscape, leadership is being redefined. It’s no longer just about directing tasks and managing workflows; modern leaders are expected to embody empathy, compassion, innovation, and team spirit. Of these qualities, empathy stands out as a critical foundation for growth and progress. Understanding and valuing the perspectives and experiences of others is essential for fostering a supportive and inclusive work environment. As Gurudev Sri Sri Ravi Shankar says, “Leadership deeply rooted in empathy can transform how teams interact, collaborate, and grow.” The Art of Leadership, a corporate leadership development program from The Art of Living, addresses the need for empathy in leadership alongside other indispensable leadership skills head-on. Launched on June 27, 2024, this 12-hour online course is designed to equip participants with crucial skills for both personal and professional success.
The Importance of Empathy in Leadership
Empathy, the ability to understand and share the feelings of another, is essential for strong leadership. It is a universal human trait cherished across cultures for its positive impact on lives, mental health, and well-being. While technology and AI can increase work efficiency, they lack the emotional depth necessary for effective teamwork and collaboration. As Gurudev Sri Sri Ravi Shankar states, “Qualities of humanity—compassion, awareness of oneself—cannot be replaced by AI.” This underscores the irreplaceable role of empathy in building genuine connections and driving growth.
Empathetic leaders enhance team morale and productivity by recognizing individual strengths and challenges. Empathy fosters stronger team relationships and cultivates an environment where everyone feels valued and heard. It also plays a crucial role in understanding customer needs and solving business problems. Leaders who practice empathy can see the customer’s perspective better. Understanding customer pain points and feedback helps organizations innovate and adapt, resonating more effectively with their audience. They can therefore tailor products and services to meet market demands, thus driving business success.

Cultivating and Practicing Empathy in the Workplace
To foster empathetic leadership, organizations can:

Encourage Open Communication: Facilitate check-ins, open-door policies, and anonymous feedback while communicating transparently.
Practice Active Listening: Pay full attention, acknowledge, and respond to team inputs.
Foster Diversity: Involve people from diverse backgrounds to broaden perspectives.
Enhance Collaboration: Foster teamwork through team-building activities and common initiatives.
Promote Continuous Learning: Encourage personal development and emotional intelligence.
Support Well-being: Show concern for employees’ well-being and implement wellness programs for physical and mental health.
Understand Customer Needs: Engage with customers to tailor products and services.

The Role of Meditation in Enhancing Empathy
Meditation and yogic practices play a significant role in cultivating empathy. Techniques like SKY Breath Meditation have been shown to increase social connection and reduce stress, anxiety, and depression. Studies from universities like Harvard and Yale also highlight the numerous benefits of meditation, including improved mental clarity, deeper sleep, and enhanced emotional regulation. Regular meditation helps keep negative emotions in check, allowing individuals to connect more deeply with positive emotions such as compassion and empathy. This emotional stability is crucial for leaders to effectively manage and inspire their teams.
The overall impact of the program has been significant, with research indicating 94% of participants reporting increased energy levels, 91% noting improved mental clarity and reduced stress levels, 83% observing changed paradigms of leadership, 91% indicating increased work performance, and 93% experiencing a sense of oneness and bonding, through our yogic techniques.
Transformative Leadership Development Program
The Art of Leadership, facilitated by world-class faculty with extensive leadership experience, focuses on self-leadership, happiness, productivity, performance, emotional intelligence, communication, resilience, and collaboration. Participants report significant benefits, highlighting the program’s effectiveness across all leadership levels.
The next program is scheduled to begin July 11. We invite leaders from all sectors to take up this program and steer their careers and lives in a new, positive direction. For more information and to register, visit The Art of Leadership Program.
Get in touch with us: [email protected] | +91 9900913402
The post New Leadership Program Emphasizes Empathy as Key to Business Success appeared first on HIPTHER Alerts.

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