The Industrial Hemp Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Industrial Hemp Market?
The industrial hemp market has seen substantial growth recently. The market size increased from $7.34 billion in 2024, forecasting to reach $8.83 billion in 2025, with a compound annual growth rate (CAGR) of 20.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Industrial Hemp Industry?
The Industrial Hemp Global Market is expected to reach a market size of $18.3 billion in 2029, growing at a compound annual growth rate (CAGR) of 20.0%.
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What are the Key Growth Drivers Fueling the Industrial Hemp Market?
The key drivers in the industrial hemp market are:
• Expanding applications in the automotive sector
• Increased use of hemp in bioplastics
• Rising demand for hemp in the food and beverage industry
• Growing demand for hemp-based dietary supplements
Global Market Segmentation: Identifying Major Industrial Hemp Industry Segments
The industrial hempmarket covered in this report is segmented –
1) By Type: Hemp Seed, Hemp Seed Oil, Cannabidiol (CBD) Hemp Oil, Hemp Bast, Hemp Hurd
2) By Source: Conventional, Organic
3) By Application: Food And Beverages, Textiles, Pharmaceuticals, Personal Care Products, Animal Nutrition, Paper, Construction Materials, Other Applications
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What are the emerging Trends Shaping the Future of the Industrial Hemp Market?
The key trends in the industrial hemp market are:
• Hemp cultivation techniques are continually improving and evolving.
• The application of hemp in the pharmaceutical industry is expanding.
• The development of hemp-based packaging materials is an emerging trend.
• Advances in the genetic modification of hemp for higher yields are becoming increasingly significant.
Who Are the Top Competitors & Leading Players in the Industrial Hemp Market?
Major companies in the industrial hemp market are:
• Curaleaf Holdings Inc.
• Aurora Cannabis Inc.
• Konoplex Group
• Plains Industrial Hemp Processing Ltd.
• Manitoba Harvest Hemp Foods Information
• Ecofibre Limited
• Elixinol
• HempFlax Group BV
• PureHemp Technology
• Zelios
• Parkland Industrial Hemp Growers Cooperative Ltd.
• Marijuana Company of America Inc.
• IND HEMP LLC
• Blue Sky Hemp Ventures Ltd.
• Bombay Hemp Company
• Panda Biotech LLC
• HempMeds Brasil
• Hempro International GmbH
• Dun Agro Hemp Group
• Greenfield Paper Company
• Hempco Food and Fiber Inc.
• Bast Fibre Technologies Inc.
• Treehouse Biotech
• The Hemp Mine
• Bastcore Inc.
• Bluebird Botanicals
• South Hemp Tecno Srl
Regional Dominance: Which Area Leads the Global Industrial Hemp Market?
North America was the largest region in the industrial hemp market in 2024
