Hemp Fiber Market Report 2026

Hemp Fiber Market Overview

• Hemp Fiber market size has reached to $20.96 billion in 2025 • Expected to grow to $93.63 billion in 2030 at a compound annual growth rate (CAGR) of 34.5% • Growth Driver: Rising Legalization Initiatives Propel Growth In The Hemp Fiber Market • Market Trend: Manitoba Harvest Unveils Bioactive Fiber Supplement: A Sustainable Approach To Gut Health • Asia-Pacific was the largest region in 2025.

What Is Covered Under Hemp Fiber Market?

Hemp fiber refers to one of the robust members of the family of strong natural fibers, which are generated from the cannabis family's hemp plant. The plant's stem is made up of long strands that are used to make hemp fabric. By using a technique called retting, these fibers are extracted from the bark and then spun together to produce a continuous thread that can be woven into textiles. The main types of hemp fiber are long (bast) fibers, and short (core) fibers. The long (bast) hemp fiber market refers to the soft woody fiber obtained from the stems of dicotyledonous plants and is used for textiles and cordage. The different sources include organic and conventional, and are used in food, beverages, personal care products, textiles, pharmaceuticals, and other applications.

What Is The Hemp Fiber Market Growth Forecast?

The hemp fiber market size is expected to see exponential growth in the next few years. It will grow to $93.63 billion in 2030 at a compound annual growth rate (CAGR) of 34.5%. The growth in the forecast period can be attributed to growing demand for eco-friendly materials, increasing use of hemp composites in automotive sector, rising emphasis on biodegradable packaging, expansion of sustainable construction practices, increasing preference for organic fibers. Major trends in the forecast period include growing adoption of hemp fiber in sustainable fashion, rising demand for biodegradable hemp-based packaging, increased use of hemp fiber in automotive composites, expansion of hemp fiber utilization in construction materials, growing preference for organic hemp fiber production.

Global Hemp Fiber Market Segmentation

1) By Type: Long (Bast) Fibers, Short (Core) Fibers 2) By Source: Organic, Conventional 3) By Application: Personal Care Products, Textiles, Pharmaceuticals, Other Applications Subsegments: 1) By Long (Bast) Fibers: Used In Textiles, Ropes, And Composite Materials, Known For Strength And Durability, Applications Include Apparel, Upholstery, And Industrial Textiles 2) By Short (Core) Fibers: Used In Insulation, Paper, And Biodegradable Plastics, Softer And Less Strong Compared To Long Fibers, Applications Include Animal Bedding, Insulation Materials, And Biocomposites

What Is Driver Of The Hemp Fiber Market?

The increasing legalization to cultivate industrial hemp is expected to propel the growth of the hemp fiber market going forward. Industrial hemp is obtained from the plant species Cannabis sativa and has been used globally to produce a variety of industrial and consumer products. Industrial hemp is grown for its fiber and seeds, which are used for the manufacture of hemp fiber. As a result, increasing legalization of industrial hemp helps to increase the production of hemp fiber. For instance, in February 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, in 2022–2023, support for the legalization of cannabis rose to 45%, marking the first time that the proportion of people in favor of legalization surpassed the 39% who supported increased penalties for the sale or supply of cannabis. Therefore, the increasing legalization of cultivating industrial hemp is driving the growth of the hemp fiber industry.

Key Players In The Global Hemp Fiber Market

Major companies operating in the hemp fiber market are Shenyang Beijiang, BaFa Holding, Plains Industrial Hemp Processing, Industrial Hemp Manufacturing, Hemp Planet, Konoplex, Kingdom Holdings, Ecofibre, CanvaLoop Fibre, HempFlax, Dunagro, Envirotextiles, Hempfortex, Parkland Industrial Hemp Growers, Hemp Inc., Natural Fiber Technologies, HempAge, Hempro Int., Hempy’s, Shanxi Greenland Textile, Hempline.

Global Hemp Fiber Market Trends and Insights

Major companies operating in the hemp fiber market are developing new products, such as organic supplements, to meet the growing demand for health-focused and sustainable food options. Organic supplements refer to dietary products made from ingredients that are grown without synthetic fertilizers, pesticides, or genetically modified organisms (GMOs), ensuring a natural and environmentally friendly approach to health and wellness. For instance, in May 2024, Manitoba Harvest, a Canada-based company, launched a Bioactive Fiber Supplement Featuring Brightseed’s Upcycled Hemp Hulls. Manitoba Harvest's Bioactive Fiber Supplement, made with upcycled hemp hulls, offers 6 grams of fiber per serving to support gut health and digestion. Available exclusively at Whole Foods, this organic, non-GMO, and vegan product promotes wellness through innovative bioactive ingredients.

What Are Latest Mergers And Acquisitions In The Hemp Fiber Market? iCotton Expands Presence In U.S. Market With Strategic Purchase Of Hempress Hygienics

In June 2023, iCotton SIA, a Latvia-based cosmetic products company, acquired key assets of Hempress Hygienics Inc. for an undisclosed amount. The acquisition of Hempress Hygienics has strategically positioned iCotton in the U.S. market, aligning with its goal to emerge as a leading supplier of hemp-based and natural fiber-based hygiene products in both the U.S. and Europe. Hempress Hygienics Inc. is a US-based personal care products manufacturing company that manufactures menstrual products using hemp fiber and other natural products.

Regional Outlook

Asia-Pacific was the largest region in the hemp fiber market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Hemp Fiber Market?

The hemp fiber consists of sales of hemp grain and hemp seed. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The market value includes the value of related goods sold by the service provider or included within the service offering.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Hemp Fiber Market Report 2026?

The hemp fiber market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the hemp fiber industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.