Industrial Hemp Market
Description
Industrial Hemp Market Size, Share, By Type (Hemp Seed, Hemp Seed Oil, Hemp Fiber, and Others), Source (Conventional and Organic), Application (Food & Beverages, Textiles, Pharmaceuticals, Personal Care Products and Others), and Region—Trends, Analysis, and Forecast till 2035
The Industrial Hemp Market Report offers an in-depth exploration of emerging market trends, driving factors, challenges, and key segments that shape the industry. It includes a thorough examination of regulatory frameworks, company profiles, and the latest industry developments. The report delves into product development, positioning strategies, and the impact of new technologies on the market landscape. By identifying challenges and opportunities, the report provides a detailed roadmap for market growth.
Grown for its seed, fiber, and stalk, industrial hemp is a common and quickly spreading plant. Textiles, construction, food, and personal care are just a few of the businesses that use industrial hemp. Industrial hemp lacks the euphoric characteristics that give marijuana its cultural connotation since it contains far less Tetrahydrocannabinol (THC). The demand for sustainable and biodegradable products across a range of social and industrial sectors is driving the rapid expansion of the industrial hemp market. Customers, companies, and industries have shifted from synthetic and non-renewable sources to natural and renewable ones due to environmental concerns. Plant-based foods, goods, and packaging are becoming more and more popular with customers.
Report Highlights:
Industrial hemp market size is valuated at USD 13.4 Billion in 2025.
Target market size is estimated to be valuated at USD 87.4 Billion by 2035 and at a CAGR of 22.9%.
On the account of type, hemp fiber has the biggest industrial hemp market share.
On the account of source, conventional segment has the biggest industrial hemp market share.
The Textile segment has the largest market share in the industrial hemp market, on the basis of Application type.
One of the biggest industrial hemp market is Asia Pacific region.
Key Highlights:
The industrial hemp market is growing rapidly as sustainable substitutes in a variety of sectors including textiles, construction, food, and personal care show rising demand. Analysts observe a clear shift toward bio-based products and environmentally responsible product manufacturing and processing methods, leading to greater adoption of hemp, as is evidenced by the rise in demand for hemp single use bioplastics. Research continues, and regulatory change is easing the way for new technologies and processes. Experts indicate strong growth trends in the market for hemp-based construction materials and composites.
Segmentation:
By Type:
Parkland Industrial Hemp Growers Co-op. Ltd.
BOMBAY HEMP COMPANY PVT. LTD. (BOHECO)
South Hemp
The Hemp Plastic Company
Elixinol
Ecofibre Ltd
HempFlax Group B.V.
Dun Agro Hemp Group
Victory Hemp Foods
Hempcann.in
Industrial Hemp Farms
American Hemp LLC
MH medical hemp GmbH
IND HEMP, LLC.
What You’ll Gain from This Report:
FAQs:
Key Questions Answered in the Report.
1. What was the Industrial Hemp Market size in 2025?
2. What is projected growth rate of the Industrial Hemp Market during 2025-2035?
3. What are the key factors driving the Industrial Hemp Market growth?
4. What are leading players in the Industrial Hemp Market ?
5. What are the key regions analyzed in the Industrial Hemp Market ?
6. Which region is dominating in the Industrial Hemp Market ?
The Industrial Hemp Market Report offers an in-depth exploration of emerging market trends, driving factors, challenges, and key segments that shape the industry. It includes a thorough examination of regulatory frameworks, company profiles, and the latest industry developments. The report delves into product development, positioning strategies, and the impact of new technologies on the market landscape. By identifying challenges and opportunities, the report provides a detailed roadmap for market growth.
Grown for its seed, fiber, and stalk, industrial hemp is a common and quickly spreading plant. Textiles, construction, food, and personal care are just a few of the businesses that use industrial hemp. Industrial hemp lacks the euphoric characteristics that give marijuana its cultural connotation since it contains far less Tetrahydrocannabinol (THC). The demand for sustainable and biodegradable products across a range of social and industrial sectors is driving the rapid expansion of the industrial hemp market. Customers, companies, and industries have shifted from synthetic and non-renewable sources to natural and renewable ones due to environmental concerns. Plant-based foods, goods, and packaging are becoming more and more popular with customers.
Report Highlights:
Industrial hemp market size is valuated at USD 13.4 Billion in 2025.
Target market size is estimated to be valuated at USD 87.4 Billion by 2035 and at a CAGR of 22.9%.
On the account of type, hemp fiber has the biggest industrial hemp market share.
On the account of source, conventional segment has the biggest industrial hemp market share.
The Textile segment has the largest market share in the industrial hemp market, on the basis of Application type.
One of the biggest industrial hemp market is Asia Pacific region.
Key Highlights:
- In October 2024, AURORA CANNABIS INC. expanded its range of premium medical cannabis oils in Australia through a partnership with MedReleaf Australia. The new products include Aurora THC 25 (Sativa), Aurora THC 25 (Indica), Aurora 12.5:12.5, Aurora 50:50, and Aurora 10:100 oil. They are available in 30 ml bottles and require a prescription from a physician. All of them are designed to meet different patient needs.
- In October 2024, Canopy Growth Corporation acquired Wana, which is made up of Wana Wellness, LLC, The CIMA Group, LLC, and Mountain High Products, LLC. With this acquisition, Canopy USA now owns all of Wana's equity holdings. The acquisition will help the company rank among the leading cannabis brands in the US.
The industrial hemp market is growing rapidly as sustainable substitutes in a variety of sectors including textiles, construction, food, and personal care show rising demand. Analysts observe a clear shift toward bio-based products and environmentally responsible product manufacturing and processing methods, leading to greater adoption of hemp, as is evidenced by the rise in demand for hemp single use bioplastics. Research continues, and regulatory change is easing the way for new technologies and processes. Experts indicate strong growth trends in the market for hemp-based construction materials and composites.
Segmentation:
By Type:
- Hemp Seed
- Hemp Seed Oil
- Hemp Fiber
- Others
- Conventional
- Organic
- Food & Beverages
- Textiles
- Pharmaceuticals
- Personal Care Products
- Others
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Parkland Industrial Hemp Growers Co-op. Ltd.
BOMBAY HEMP COMPANY PVT. LTD. (BOHECO)
South Hemp
The Hemp Plastic Company
Elixinol
Ecofibre Ltd
HempFlax Group B.V.
Dun Agro Hemp Group
Victory Hemp Foods
Hempcann.in
Industrial Hemp Farms
American Hemp LLC
MH medical hemp GmbH
IND HEMP, LLC.
What You’ll Gain from This Report:
- Regional & Country-Specific Insights: Unlock detailed market share analysis across key regions and countries, empowering you to pinpoint growth opportunities and optimize your strategic positioning.
- Guidance for Market Entry: Expert-backed strategies to overcome entry barriers, establish a foothold, and accelerate expansion in new or competitive markets.
- Reliable Long-Term Forecasts: Data-driven projections from 2025 to 2035, including pivotal milestones for 2025, 2026, and 2030, ensuring confident, future-proof investments.
- In-Depth Market Trend Analysis: Explore the forces shaping the industry—drivers, challenges, emerging opportunities, and risks—along with insights into high-growth sectors and potential obstacles.
- Proven Business Strategies: Actionable, data-backed recommendations tailored to key market segments, helping you maximize profitability and outperform competitors.
- Competitive Intelligence: Stay ahead with a clear view of industry trends, competitor strategies, and untapped market potential to refine your approach.
- Exclusive Company Profiles: In-depth analysis of top market players, including business models, financial performance, strategic initiatives, and recent developments.
- Innovative Supply Chain Trends: Discover the latest technological advancements transforming supply chains—boosting efficiency, cutting costs, and driving innovation.
FAQs:
Key Questions Answered in the Report.
1. What was the Industrial Hemp Market size in 2025?
2. What is projected growth rate of the Industrial Hemp Market during 2025-2035?
3. What are the key factors driving the Industrial Hemp Market growth?
4. What are leading players in the Industrial Hemp Market ?
5. What are the key regions analyzed in the Industrial Hemp Market ?
6. Which region is dominating in the Industrial Hemp Market ?
Table of Contents
168 Pages
- Industrial Hemp Market Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Source
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Merger and Acquisitions
- Impact Analysis
- PEST Analysis
- Demand Surge in Plant-Based Pet Products
- Financial Institutions Opening to Hemp Loans
- Shift Toward Non-CBD Applications Shift Toward Non-CBD Applications
- Hemp Biomass in Bioenergy Markets
- Hemp in Textiles Reviving Regional Economies
- Market Segmentation, By Type, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Hemp Seed
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Hemp Seed Oil
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Hemp Fiber
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Source, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Conventional
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Organic
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Application, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Food & Beverages
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Textiles
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Pharmaceuticals
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Personal Care Products
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Source, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Asia Pacific
- Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Source, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South Korea
- Rest of Asia Pacific
- Europe
- Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Source, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- Germany
- U.K.
- France
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
- Latin America
- Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Source, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Source, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Pricing
Currency Rates
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