The tow waste hemp production in Italy has seen significant growth from 2013 to 2023, where it stood at 8.65 thousand metric tons. Over the last two years, there was a notable increase with a year-on-year variation of 5.86% in 2022 and 5.41% in 2023. Reviewing the period from 2019 to 2023, the compound annual growth rate (CAGR) was 13.31%, showing a persistent upward trend in production volume. The forecasted CAGR for the next five years, 2024 to 2028, is more moderate at 3.73%, suggesting a slower but steady increase in production.
Future trends to watch for include:
• Technological advancements in hemp processing may further boost production efficiency.
• Regulatory changes and market demand fluctuations in hemp-related products could impact production volumes.
• Increasing global awareness and market expansion-driven interest in sustainable materials like hemp.
