Industrial Hemp Market Size, Share, Growth Analysis, & Report 2025

IMARC Group, a leading market research company, has recently released a report titled “Industrial Hemp Market Size, Share, Trends and Forecast by Type, Source, Application, and Region, 2025-2033”. The study provides a detailed analysis of the industry, including the industrial hemp market report share, growth, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global industrial hemp market size was valued at USD 6.2 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 20.9 Billion by 2033, exhibiting a CAGR of 14.5% during 2025-2033.

Request to Get the Sample Report:

https://www.imarcgroup.com/industrial-hemp-market/requestsample

Industry Trends and Drivers:

· Increased demand for sustainable products:

As environmental awareness grows, consumers and industries are increasingly seeking sustainable alternatives to traditional materials. Industrial hemp is renowned for its eco-friendly properties, including rapid growth, minimal resource requirements, and the ability to sequester carbon. This crop can be utilized in various sectors, including textiles, construction, bioplastics, and food products. Hemp-based materials, such as biodegradable plastics and hempcrete, are gaining traction as sustainable solutions that can help mitigate environmental impacts.

Additionally, the health benefits associated with hemp-derived products, particularly CBD (cannabidiol), are driving consumer interest in natural, plant-based alternatives for wellness and personal care.

· Advancements in technology and cultivation practices:

Technological advancements in agricultural practices have significantly enhanced the efficiency and yield of hemp cultivation. Innovations in breeding, pest management, and farming techniques have made it easier for farmers to grow high-quality hemp with reduced environmental impact. Precision agriculture technologies, including drones and IoT devices, are being employed to optimize resource use and monitor crop health.

Furthermore, the development of new extraction methods for hemp-derived compounds, such as CBD and other cannabinoids, has expanded product offerings and improved profitability for producers. These advancements have made hemp a more attractive crop for farmers, leading to increased acreage dedicated to its cultivation.

· Supportive regulatory frameworks:

The changing regulatory landscape surrounding hemp cultivation and production has also been a critical driver of market growth. In many regions, including the United States and Europe, the legalization of hemp cultivation has paved the way for increased investment and interest in the industry. Governments are implementing policies to support hemp research, cultivation, and processing, recognizing its potential economic benefits. This supportive environment has encouraged farmers to transition from traditional crops to hemp, contributing to a more robust supply chain.

Moreover, the establishment of industry standards and certifications is enhancing consumer confidence and facilitating market expansion.

Industrial Hemp Market Report Segmentation:

Breakup By Type:

Hemp Seed
Hemp Oil
Hemp Fiber
Others
Hemp seed represents the largest segment due to its high nutritional value, rich in proteins, omega fatty acids, and various essential nutrients, making it increasingly popular among health-conscious consumers.

Breakup By Source:

Conventional
Organic
The conventional segment dominates the market as it encompasses the majority of hemp production, focusing on established farming practices that ensure consistent quality and availability.

Breakup By Application:

Food and Beverages
Textiles
Personal Care Products
Pharmaceuticals
Others
The food and beverages application holds the largest market share due to the rising consumer demand for natural, nutritious ingredients and health products, including hemp-infused foods and drinks.

Breakup By Region:

· North America

· Asia-Pacific

· Europe

· Latin America

· Middle East and Africa

Asia Pacific was the largest market due to its extensive agricultural landscape, increasing legalization of hemp cultivation, and growing interest in hemp-based products across various industries.

Top Industrial Hemp Market Leaders:

The industrial hemp market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

Some of the key players in the market are:

Aurora Cannabis
Boring Hemp Company
Ecofibre Limited
Hemp Inc
HempFlax Group B.V.
Hempro International GmbH
MH medical hemp GmbH
Parkland Industrial Hemp Growers Co-op. Ltd.
South Hemp Tecno srl
Valley Bio Limited

Speak to An Analyst:

https://www.imarcgroup.com/request?type=report&id=4473&flag=C

Key Highlights of the Report:

· Market Performance (2019-2024)

· Market Outlook (2025-2033)

· Market Trends

· Market Drivers and Success Factors

· Impact of COVID-19

· Value Chain Analysis

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group

134 N 4th St

Brooklyn, NY 11249, USA

Website: imarcgroup.com

Email: sales@imarcgroup.com

Americas: +1-631-791-1145