Industrial Hemp Market Report 2026

Industrial Hemp Market Overview

• Industrial Hemp market size has reached to $8.72 billion in 2025 • Expected to grow to $20.02 billion in 2030 at a compound annual growth rate (CAGR) of 18% • Growth Driver: Rising Demand For Sustainable Products Fuels Industrial Hemp Market Growth • Market Trend: Innovative Biochar Solutions Leveraging Industrial Hemp For Carbon Sequestration And Sustainable Agriculture • North America was the largest region in 2025.

What Is Covered Under Industrial Hemp Market?

Industrial hemp is a variety of the Cannabis sativa plant explicitly grown for industrial uses, including fiber, seed, and oil production. This hemp contains only trace amounts of THC (tetrahydrocannabinol), the psychoactive compound found in higher concentrations in marijuana. Industrial hemp is recognized for its versatility and potential as a sustainable agricultural crop. The main types of industrial hemp are hemp seed, hemp seed oil, cannabidiol (CBD) hemp oil, hemp bast, and hemp hurd. Hemp seeds are small seeds from the hemp plant that are rich in nutrients, including protein, healthy fats, and vitamins. The various sources include conventional and organic. These are used in various applications such as food and beverages, textiles, pharmaceuticals, personal care products, animal nutrition, paper, construction materials, and others.

What Is The Industrial Hemp Market Growth Forecast?

The industrial hemp market size is expected to see rapid growth in the next few years. It will grow to $20.02 billion in 2030 at a compound annual growth rate (CAGR) of 18.0%. The growth in the forecast period can be attributed to growing demand for hemp-based construction materials, increasing adoption in pharmaceuticals, rising preference for organic hemp cultivation, development of advanced hemp composites, expansion of hemp-derived personal care products. Major trends in the forecast period include expansion of hemp-based construction materials, rising adoption of hemp in textile manufacturing, growing demand for nutrient-rich hemp seeds, increased use of hemp hurd in animal bedding, growth in industrial applications of hemp bio-composites.

Global Industrial Hemp Market Segmentation

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 Subsegments: 1) By Hemp Seed: Whole Hemp Seeds, Hulled Hemp Seeds, Hemp Seed Protein Powder 2) By Hemp Seed Oil: Cold-Pressed Hemp Seed Oil, Refined Hemp Seed Oil, Hemp Seed Oil Capsules 3) By Cannabidiol (CBD) Hemp Oil: Full-Spectrum CBD Oil, Broad-Spectrum CBD Oil, CBD Isolate Oil 4) By Hemp Bast: Hemp Fiber, Hemp Textiles, Hemp Composites 5) By Hemp Hurd: Hemp Hurd For Bio-composites, Hemp Hurd For Animal Bedding, Hemp Hurd For Biofuels

What Is Driver Of The Industrial Hemp Market?

The increasing demand for sustainable and eco-friendly products is expected to propel the growth of the industrial hemp market going forward. Sustainable and eco-friendly products are goods designed to minimize environmental impact by using renewable resources, reducing waste, and promoting ecological balance. The increasing demand for sustainable and eco-friendly products is due to growing environmental awareness, regulatory pressures, consumer preference for green alternatives, and corporate commitments to reducing carbon footprints. Industrial hemp is known for its ability to grow rapidly with minimal resources. It requires fewer pesticides and herbicides than conventional crops, reducing chemical runoff and soil degradation. For instance, in April 2025, the USDA National Agricultural Statistics Service (NASS), a US-based government agency, reported that in 2024, open-field hemp fiber production reached an estimated 60.4 million pounds, representing a 23% increase compared to 2023. Therefore, the increasing demand for sustainable and eco-friendly products drives the industrial hemp industry.

Key Players In The Global Industrial Hemp Market

Major companies operating 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

Global Industrial Hemp Market Trends and Insights

Major companies operating in the industrial hemp market are focused on developing innovative products, such as biochar derived from industrial hemp, to sequester carbon, improve soil health, and generate revenue through carbon credits while supporting sustainable agriculture. Biochar derived from industrial hemp enhances soil fertility and carbon sequestration, providing a sustainable solution that benefits both agriculture and the environment within the industrial hemp market. For instance, in June 2024, Hempalta Corp., a Canada-based agricultural technology company, launched a biochar. This product is a carbon-rich material produced from organic matter, such as industrial hemp, through pyrolysis, which involves heating biomass at high temperatures in an oxygen-limited environment to trap carbon. This results in a product that enhances soil fertility and health by increasing organic carbon, improving water retention, and promoting beneficial microbial activity. It also converts agricultural waste into a valuable resource that allows farmers to monetize their efforts through carbon credits, as biochar qualifies for carbon removal initiatives. This finds versatile applications in landscaping, construction as part of hempcrete, and environmental remediation, making it an eco-friendly solution that supports agricultural productivity and climate change mitigation.

What Are Latest Mergers And Acquisitions In The Industrial Hemp Market? SynBiotic SE Acquires Ilesol Pharmaceuticals d.o.o. Expanding European Market Presence And Strengthening Supply Chain In Hemp And CBD Industry

In April 2024, SynBiotic SE, a Germany-based company that manufactures industrial hemp, acquired Ilesol Pharmaceuticals d.o.o. for an undisclosed amount. With this acquisition, SynBiotic aims to integrate an independent production facility for cannabinoid extracts, strengthening its supply chain, increasing its market presence in Europe, and enhancing its competitiveness in the growing hemp industry. Ilesol Pharmaceuticals d.o.o. is a Croatia-based company that manufactures industrial hemp.

Regional Outlook

North America was the largest region in the industrial hemp 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 Industrial Hemp Market?

The industrial hemp market consists of sales of dual-purpose hemp, and hemp for biocomposites. 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 value of goods in this market includes related services sold by the creators of the goods.

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 Industrial Hemp Market Report 2026?

The industrial hemp 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 industrial hemp 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.