Industrial Hemp Market (2025-2031) | Trends, Outlook, Value, Size, Companies, Revenue, Analysis, Industry, Share, Growth & Forecast

Industrial Hemp Market Highlights

Report Name	Industrial Hemp Market
Report Category / Coverage	Global
Forecast Period	2025-2031
CAGR	14.8%
Market Size	USD 30 billion by 2031
Growing Sector	Textiles

Topics Covered in the Industrial Hemp Market Report

Industrial Hemp Market report thoroughly covers the by region, by product, and by application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Industrial Hemp Market Size Analysis

The Industrial Hemp Market has been experiencing significant growth over the past few years. As of 2025, the global market is valued at approximately $7.2 billion. Further, the Global Market is projected to expand at a CAGR of 14.8% from 2025 to 2031. Additionally, by 2031, the market size is expected to reach around $30 billion.

Industrial Hemp Market Synopsis

The industrial hemp market has been experiencing significant growth, driven by increasing demand across diverse industries such as textiles, construction, food and beverage, and personal care. Hemp's versatility stems from its applications ranging from durable fibers for eco-friendly clothing and construction materials to seeds packed with nutritional benefits. The market's expansion is also fueled by shifting regulatory landscapes across various regions that increasingly perceive hemp as a beneficial agricultural commodity. Technological advancements in cultivation and processing techniques are further enhancing the quality and efficiency of hemp production.

According to 6Wresearch, the Industrial Hemp Market revenue is expected to reach at a significant CAGR of 14.8% during the forecast period 2025-2031. the increasing demand for sustainable and eco-friendly products, consumers become more environmentally conscious, they are seeking alternatives to traditional materials, and hemp offers a biodegradable and renewable option. Additionally, the legalization of hemp cultivation in several regions has opened new avenues for market expansion, allowing farmers and producers to tap into this burgeoning industry. The versatility of hemp, which can be used in a range of products from textiles to bioplastics, further enhances its appeal as manufacturers explore its potential across various sectors.

The regulatory environment, which varies significantly across different countries and regions, creating uncertainty for investors and producers. Moreover, the stigma associated with cannabis, despite hemp containing negligible levels of THC, can hinder market acceptance and growth. There is also a need for improved infrastructure and technology to optimize hemp processing and production, which requires investment and development. The complexity of international trade laws concerning hemp products adds another layer of difficulty for businesses seeking to operate globally. Addressing these challenges is crucial for the industrial hemp market to reach its full potential.

Industrial Hemp Market Trends

• Increasing Demand for Hemp-based Products – With growing consumer awareness about the environmental and health benefits of hemp, there is an increasing demand for hemp-based products such as textiles, food, and personal care items.
• Legalization and Regulatory Changes – The relaxation of laws surrounding hemp cultivation and its use across various countries is propelling the industrial hemp market. Many jurisdictions are amending their regulations, which is allowing for expanded production and research.
• Sustainability and Eco-friendliness - As industries strive for sustainability, hemp's ability to grow rapidly with less water and pesticides makes it an attractive crop for environmentally conscious companies. This trend supports the cultivation and utilization of hemp fibers and materials.

Investment Opportunities in the Industrial Hemp Market

• Legal Advancements and Market Expansion – Recent legislative changes and the increasing acceptance of hemp-derived products create an investment-friendly environment. As more countries and states relax regulations on hemp cultivation, the market is poised for growth, presenting a promising landscape for investors to explore.
• Emerging Uses and Innovations – Industrial hemp is not only limited to CBD and textiles but is also finding innovative applications in biofuels, bioplastics, and construction materials. These emerging uses for hemp create diverse investment channels, paving the way for investors to capitalize on cutting-edge technologies and sustainable solutions.
• Economic multiplier effect - Given hemp's versatility, investment in this sector can stimulate growth in related industries, like agriculture, manufacturing, and retail, resulting in a multiplier effect. This broad impact not only benefits immediate stakeholders but also enriches local economies, enhancing the overall appeal to investors seeking long-term returns.

Leading Players of the Industrial Hemp Market

Companies such as Hemp, Inc., Ecofibre, and Aurora Cannabis Inc. have established significant positions by focusing on innovation, extensive research, and expansion in their cultivation and product offerings. These industry leaders are investing in new technologies to increase yield and quality, catering to a wide range of applications including textiles, construction materials, and dietary supplements. By leveraging strategic partnerships and acquisitions, they continue to strengthen their global footprint, ensuring a steady supply of hemp products to meet rising demand.

Government Regulations Introduced in the Industrial Hemp Market

In many countries, including the United States, the cultivation of industrial hemp has been regulated to distinguish it from marijuana, primarily due to its low THC content. The 2018 Farm Bill in the U.S., for instance, removed hemp from the list of controlled substances, thereby legalizing its cultivation and production at the federal level. However, state-specific regulations still apply, with requirements often including licensing, testing for THC levels, and adherence to specific agricultural practices. These regulations aim to support industrial hemp as a viable agricultural commodity while ensuring compliance with public health and safety standards.

Future Insights of the Industrial Hemp Market

The future of the industrial hemp market is poised for significant growth and innovation, with numerous factors driving its expansion. As more countries and regions recognize the economic and environmental benefits of hemp cultivation, legislative barriers are gradually relaxing, opening up new opportunities for farmers and manufacturers. Increasing consumer demand for sustainable and eco-friendly products is also propelling the adoption of hemp-based goods across various industries, including textiles, construction, and bioplastics. Advances in agricultural technology are expected to improve hemp yields and quality, further enhancing its viability as a versatile crop.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

fiber to Dominate the Market - By product

According to Ravi Bhandari, Research Head, 6wresearch, the industrial hemp market has been experiencing significant growth, largely driven by the demand for hemp fiber. Renowned for its versatility, hemp fiber is utilized in a broad range of products, from textiles and paper to biodegradable plastics and construction materials. Its natural strength, durability, and eco-friendliness make it an attractive alternative to synthetic fibers and more resource-intensive materials. As sustainability becomes a paramount concern across various industries, the adoption of hemp fiber continues to rise, bolstering the overall market outlook for industrial hemp.

Textiles to dominate the market - By Application

The industrial hemp market has seen substantial growth in recent years, with textiles emerging as a significant segment. Hemp fibers are known for their durability, strength, and natural resistance to mold and UV light, making them ideal for a range of textile applications. These fibers can be spun into yarns and woven into fabrics for clothing, upholstery, and eco-friendly bags. As the demand for sustainable and biodegradable materials rises, hemp textiles provide an environmentally conscious alternative to cotton and synthetic fibers. The cultivation of hemp requires fewer pesticides and water than traditional crops, further enhancing its appeal in an environmentally concerned market.

APAC to dominate the market – By region

The APAC region is emerging as a significant player in the industrial hemp market, driven by increasing legalization and recognition of hemp's diverse applications. Countries such as China, Australia, and India are at the forefront of hemp cultivation due to favorable climate conditions and governmental support. The region's focus on sustainable agricultural practices and the growing demand for hemp-based products, including textiles, food, and bio-composites, are fueling market growth. Additionally, APAC's investment in research and development is enabling advancements in hemp processing technologies, further enhancing its potential and competitiveness in the global market.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Industrial Hemp Market Outlook
• Market Size of Industrial Hemp Market, 2024
• Forecast of Industrial Hemp Market, 2031
• Historical Data and Forecast of Industrial Hemp Revenues & Volume for the Period 2021 - 2031
• Industrial Hemp Market Trend Evolution
• Industrial Hemp Market Drivers and Challenges
• Industrial Hemp Price Trends
• Industrial Hemp Porter's Five Forces
• Industrial Hemp Industry Life Cycle
• Historical Data and Forecast of Industrial Hemp Market Revenues & Volume By Product for the Period 2021 - 2031
• Historical Data and Forecast of Industrial Hemp Market Revenues & Volume By Seeds for the Period 2021 - 2031
• Historical Data and Forecast of Industrial Hemp Market Revenues & Volume By Fiber for the Period 2021 - 2031
• Historical Data and Forecast of Industrial Hemp Market Revenues & Volume By Shives for the Period 2021 - 2031
• Historical Data and Forecast of North America Industrial Hemp Market Revenues & Volume By Product for the Period 2021 - 2031
• Historical Data and Forecast of North America Industrial Hemp Market Revenues & Volume By Seeds for the Period 2021 - 2031
• Historical Data and Forecast of North America Industrial Hemp Market Revenues & Volume By Fiber for the Period 2021 - 2031
• Historical Data and Forecast of North America Industrial Hemp Market Revenues & Volume By Shives for the Period 2021 - 2031
• Historical Data and Forecast of Latin America Industrial Hemp Market Revenues & Volume By Product for the Period 2021 - 2031
• Historical Data and Forecast of Latin America Industrial Hemp Market Revenues & Volume By Seeds for the Period 2021 - 2031
• Historical Data and Forecast of Latin America Industrial Hemp Market Revenues & Volume By Fiber for the Period 2021 - 2031
• Historical Data and Forecast of Latin America Industrial Hemp Market Revenues & Volume By Shives for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial Hemp Market Revenues & Volume By Product for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial Hemp Market Revenues & Volume By Seeds for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial Hemp Market Revenues & Volume By Fiber for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial Hemp Market Revenues & Volume By Shives for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Industrial Hemp Market Revenues & Volume By Product for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Industrial Hemp Market Revenues & Volume By Seeds for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Industrial Hemp Market Revenues & Volume By Fiber for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Industrial Hemp Market Revenues & Volume By Shives for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Industrial Hemp Market Revenues & Volume By Product for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Industrial Hemp Market Revenues & Volume By Seeds for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Industrial Hemp Market Revenues & Volume By Fiber for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Industrial Hemp Market Revenues & Volume By Shives for the Period 2021 - 2031
• Historical Data and Forecast of Africa Industrial Hemp Market Revenues & Volume By Product for the Period 2021 - 2031
• Historical Data and Forecast of Africa Industrial Hemp Market Revenues & Volume By Seeds for the Period 2021 - 2031
• Historical Data and Forecast of Africa Industrial Hemp Market Revenues & Volume By Fiber for the Period 2021 - 2031
• Historical Data and Forecast of Africa Industrial Hemp Market Revenues & Volume By Shives for the Period 2021 - 2031
• Historical Data and Forecast of Industrial Hemp Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of Industrial Hemp Market Revenues & Volume By Animal Care for the Period 2021 - 2031
• Historical Data and Forecast of Industrial Hemp Market Revenues & Volume By Textiles for the Period 2021 - 2031
• Historical Data and Forecast of Industrial Hemp Market Revenues & Volume By Automotive for the Period 2021 - 2031
• Historical Data and Forecast of Industrial Hemp Market Revenues & Volume By Furniture for the Period 2021 - 2031
• Historical Data and Forecast of Industrial Hemp Market Revenues & Volume By Food & Beverages for the Period 2021 - 2031
• Historical Data and Forecast of Industrial Hemp Market Revenues & Volume By Paper for the Period 2021 - 2031
• Historical Data and Forecast of Industrial Hemp Market Revenues & Volume By Construction Materials for the Period 2021 - 2031
• Historical Data and Forecast of Animal Care Industrial Hemp Market Revenues & Volume By Other for the Period 2021 - 2031
• Historical Data and Forecast of North America Industrial Hemp Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of North America Industrial Hemp Market Revenues & Volume By Animal Care for the Period 2021 - 2031
• Historical Data and Forecast of North America Industrial Hemp Market Revenues & Volume By Textiles for the Period 2021 - 2031
• Historical Data and Forecast of North America Industrial Hemp Market Revenues & Volume By Automotive for the Period 2021 - 2031
• Historical Data and Forecast of North America Industrial Hemp Market Revenues & Volume By Furniture for the Period 2021 - 2031
• Historical Data and Forecast of North America Industrial Hemp Market Revenues & Volume By Food & Beverages for the Period 2021 - 2031
• Historical Data and Forecast of North America Industrial Hemp Market Revenues & Volume By Paper for the Period 2021 - 2031
• Historical Data and Forecast of North America Industrial Hemp Market Revenues & Volume By Construction Materials for the Period 2021 - 2031
• Historical Data and Forecast of North America Animal Care Industrial Hemp Market Revenues & Volume By Other for the Period 2021 - 2031
• Historical Data and Forecast of Latin America Industrial Hemp Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of Latin America Industrial Hemp Market Revenues & Volume By Animal Care for the Period 2021 - 2031
• Historical Data and Forecast of Latin America Industrial Hemp Market Revenues & Volume By Textiles for the Period 2021 - 2031
• Historical Data and Forecast of Latin America Industrial Hemp Market Revenues & Volume By Automotive for the Period 2021 - 2031
• Historical Data and Forecast of Latin America Industrial Hemp Market Revenues & Volume By Furniture for the Period 2021 - 2031
• Historical Data and Forecast of Latin America Industrial Hemp Market Revenues & Volume By Food & Beverages for the Period 2021 - 2031
• Historical Data and Forecast of Latin America Industrial Hemp Market Revenues & Volume By Paper for the Period 2021 - 2031
• Historical Data and Forecast of Latin America Industrial Hemp Market Revenues & Volume By Construction Materials for the Period 2021 - 2031
• Historical Data and Forecast of Latin America Animal Care Industrial Hemp Market Revenues & Volume By Other for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial Hemp Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial Hemp Market Revenues & Volume By Animal Care for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial Hemp Market Revenues & Volume By Textiles for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial Hemp Market Revenues & Volume By Automotive for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial Hemp Market Revenues & Volume By Furniture for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial Hemp Market Revenues & Volume By Food & Beverages for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial Hemp Market Revenues & Volume By Paper for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial Hemp Market Revenues & Volume By Construction Materials for the Period 2021 - 2031
• Historical Data and Forecast of Europe Animal Care Industrial Hemp Market Revenues & Volume By Other for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Industrial Hemp Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Industrial Hemp Market Revenues & Volume By Animal Care for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Industrial Hemp Market Revenues & Volume By Textiles for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Industrial Hemp Market Revenues & Volume By Automotive for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Industrial Hemp Market Revenues & Volume By Furniture for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Industrial Hemp Market Revenues & Volume By Food & Beverages for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Industrial Hemp Market Revenues & Volume By Paper for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Industrial Hemp Market Revenues & Volume By Construction Materials for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Animal Care Industrial Hemp Market Revenues & Volume By Other for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Industrial Hemp Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Industrial Hemp Market Revenues & Volume By Animal Care for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Industrial Hemp Market Revenues & Volume By Textiles for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Industrial Hemp Market Revenues & Volume By Automotive for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Industrial Hemp Market Revenues & Volume By Furniture for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Industrial Hemp Market Revenues & Volume By Food & Beverages for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Industrial Hemp Market Revenues & Volume By Paper for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Industrial Hemp Market Revenues & Volume By Construction Materials for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Animal Care Industrial Hemp Market Revenues & Volume By Other for the Period 2021 - 2031
• Historical Data and Forecast of Africa Industrial Hemp Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of Africa Industrial Hemp Market Revenues & Volume By Animal Care for the Period 2021 - 2031
• Historical Data and Forecast of Africa Industrial Hemp Market Revenues & Volume By Textiles for the Period 2021 - 2031
• Historical Data and Forecast of Africa Industrial Hemp Market Revenues & Volume By Automotive for the Period 2021 - 2031
• Historical Data and Forecast of Africa Industrial Hemp Market Revenues & Volume By Furniture for the Period 2021 - 2031
• Historical Data and Forecast of Africa Industrial Hemp Market Revenues & Volume By Food & Beverages for the Period 2021 - 2031
• Historical Data and Forecast of Africa Industrial Hemp Market Revenues & Volume By Paper for the Period 2021 - 2031
• Historical Data and Forecast of Africa Industrial Hemp Market Revenues & Volume By Construction Materials for the Period 2021 - 2031
• Historical Data and Forecast of Africa Animal Care Industrial Hemp Market Revenues & Volume By Other for the Period 2021 - 2031
• Industrial Hemp Market - Key Performance Indicators
• Industrial Hemp Market - Import Export Trade Statistics
• Industrial Hemp Market - Opportunity Assessment By Regions
• Industrial Hemp Market - Opportunity Assessment By Product
• Industrial Hemp Market - Opportunity Assessment By Application
• Industrial Hemp Market - Top Companies Market Share
• Industrial Hemp Market - Top Companies Profiles
• Industrial Hemp Market - Comparison of Players in Technical and Operating Parameters
• Industrial Hemp Market - Strategic Recommendations

Market Covered

The market report has been segmented and sub segmented into the following categories:

By Product

• Seeds
• Fiber
• Shives

By Application

• Animal Care
• Textiles
• Automotive
• Furniture
• Food & Beverages
• Paper
• Construction Materials
• Other

By Regions

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa