Hemp Markets and Possibilities

With an estimated 25,000 product possibilities, the time for Kentucky to ramp up and prepare for commercialization of industrial hemp has arrived. SB 50 took effect in the summer of 2013 and the KYHIA — a 501(c)(6) trade association — is here to encourage research, development, and awareness of products derived from industrial hemp. You can read more about our mission here.

Uses and Submarkets for Industrial Hemp

Image Source: RealHemp.com

Hemp can be a substitute for “conventional” or status-quo inputs in a number of sub-markets including: textiles, automotive, energy/fuel, furniture, plastics/recycling, food/beverages, nutrition/supplements, paper, construction materials, and beauty/personal care. New processing techniques and technological advancements are expanding these markets even further.

To kick off the 2015 growing season, we’re highlighting a variety of hemp products during the month of May. We will post one product each day for a “31 Days of Hemp” challenge. We’ll include items that are 100% derived from hemp as well as composite and combination products. To stimulate your curiosity, we’ll detail items that are currently available to purchase [commercialized] and some that are in start-up or research stages.

Read more details about all the submarkets for hemp, or check out our daily posts highlighting finished products: