Why Hemp
- Our Story
- Why Hemp
Global Industrial Hemp Demand
Global demand for industrial hemp is expected to grow at a compound annual growth rate (CAGR) of 17.1% to 16.75B from 2023 to 2030. The growth is driven by the rising demand for industrial hemp from application industries such as food & beverage, personal care and animal care across the globe.
With its fast growth seed to product period of 90-150 days and significant biomass yield, hemp enables efficient use of agricultural land. Austral-Asia has been identified as one of the largest industrial hemp.
Rapid Growth of Hemp Plants
Hemp plants grow rapidly – as much as 10 cm in a day at their peak – and an achieve a height of 5 m in as many months. Some experts say that hemp plants are more like fast-growing trees than conventional crop plants.
With 100 plants per m2, each ha sequesters 6 MT of carbon, fixed from 22 MT of carbon dioxide in less than 5 months. The makes them more efficient at sequestering of atmospheric carbon than any other crop we know of.
Hemp Plant's Remarkable Versatilty
- The fibres in the stem are the longest and strongest known in nature. They have to be strong to support that 5 m tall, 2 cm thick stem.
- The core of the stem, the pith or hurd, is light and strong: it allows the tall, thin stem to flex without breaking. The grain of the hemp plant is a source of top-quality nutritional products and edible oil.
- Flowers extract for health and wellness
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