Industrial Hemp Market is Projected to Grow USD 20.9 Billion by 2033 | CAGR 14.5% During 2025-2033

The global industrial hemp market size to reach USD 20.9 Billion by 2033, exhibiting a CAGR of 14.5% during 2025-2033.

NEW YORK, NY, UNITED STATES, July 9, 2025 /EINPresswire.com/ -- 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐭𝐡𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐇𝐞𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭:

The industrial hemp market has seen significant growth and transformation over the past few years, driven by changing regulations, increasing consumer awareness, and a rising demand for sustainable products. Industrial hemp, a variety of the Cannabis sativa plant, is cultivated primarily for its fibers, seeds, and oil, which can be used in various industries.

The global industrial hemp market size was valued at USD 6.2 Billion in 2024 and is projeced to reach USD 20.9 Billion by 2033, exhibiting a CAGR of 14.5% during 2025-2033. Asia-Pacific currently dominates the market, holding a significant market share of over 35.0% in 2024. The market is witnessing significant growth mainly driven by the extensive change in legislative landscapes facilitating a more favorable environment for hemp cultivation and processing, thereby facilitating the recognition of hemp’s environmental benefits and diversification of hemp applications across numerous end use industries.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐭𝐨 𝐆𝐞𝐭 𝐭𝐡𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/industrial-hemp-market/requestsample

𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐂𝐡𝐚𝐧𝐠𝐞𝐬:

The legalization of hemp cultivation in several countries, including the U.S. under the 2018 Farm Bill, has opened up new opportunities for farmers and businesses.
Regulatory frameworks are evolving, with more countries recognizing the economic benefits of hemp.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡:

The global industrial hemp market is projected to grow significantly, with estimates suggesting a compound annual growth rate (CAGR) of over 15% in the coming years.
Increased investment in hemp research and development is fostering innovation in product applications.

𝐃𝐢𝐯𝐞𝐫𝐬𝐞 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬:

Industrial hemp is utilized in various sectors, including textiles, construction materials, automotive, food and beverages, personal care, and health supplements.
Hemp-derived CBD products have gained popularity, contributing to market expansion.

𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬:

Hemp is recognized for its low environmental impact, requiring less water and pesticides compared to traditional crops.
Its ability to sequester carbon and improve soil health makes it an attractive option for sustainable agriculture.

𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐃𝐞𝐦𝐚𝐧𝐝:

There is a growing consumer preference for natural and organic products, driving demand for hemp-based goods.
Increased awareness of the health benefits associated with hemp seeds and oils is boosting their popularity in the food industry.

𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐚𝐧𝐝 𝐁𝐚𝐫𝐫𝐢𝐞𝐫𝐬:

Despite the growth potential, the market faces challenges such as regulatory hurdles, lack of standardized practices, and competition from other crops.
Education and awareness about hemp and its benefits remain crucial for further market penetration.

𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

North America, particularly the United States and Canada, leads the market due to favorable regulations and established supply chains.
Europe is also emerging as a significant player, with countries like Germany and France investing in hemp production.

𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐀𝐟𝐟𝐞𝐜𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐇𝐞𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭:

𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐂𝐁𝐃 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬: The industrial hemp market is significantly propelled by the increasing demand for cannabidiol (CBD) products. CBD, a non-psychoactive compound found in hemp, has gained widespread popularity for its potential therapeutic benefits, including pain relief, anxiety reduction, and anti-inflammatory properties. As consumers seek natural alternatives for health and wellness, CBD products have emerged as a key segment in the market. This surge in demand extends to a wide array of products, such as cosmetics, beverages, and even pet care items, all infused with CBD. Additionally, the expanding distribution channels, including online platforms and brick-and-mortar stores, making CBD products more accessible to a broader audience, are contributing to the market growth.

𝐋𝐞𝐠𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐒𝐮𝐩𝐩𝐨𝐫𝐭: The increasing legalization and favorable regulatory frameworks across various regions are boosting the market growth. Numerous countries and states have revised their laws to permit the cultivation, processing, and sale of hemp and its derivatives. This shift in legislation has been crucial in transforming hemp from a controlled substance to a legal agricultural commodity. Furthermore, this has not only opened up new markets but also attracted significant investments from both private and public sectors, fostering research, development, and commercialization of hemp-based products. Additionally, regulatory support has provided a clear framework for businesses, reducing the uncertainties associated with the hemp industry and encouraging more players to enter the market.

𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐅𝐨𝐜𝐮𝐬: Sustainability is a major driver of growth in the industrial hemp market, as more industries and consumers prioritize eco-friendly practices and products. Hemp is renowned for its minimal environmental impact compared to other crops. It requires less water and fewer pesticides and can be grown in various climates, making it an ideal crop for sustainable agriculture. Additionally, hemp has the ability to improve soil health through phytoremediation, where it absorbs toxins from the soil, and its deep roots prevent soil erosion. Furthermore, the crop's versatility extends to its application in producing biodegradable products, such as bioplastics, textiles, and construction materials, which are increasingly in demand as the world shifts away from fossil fuel-based products. Moreover, the expanding textile industry, which is embracing hemp as a sustainable alternative to cotton, is driving the market growth.

𝐁𝐮𝐲 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=4473&method=1670

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐇𝐞𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐓𝐲𝐩𝐞:

Hemp Seed
Hemp Oil
Hemp Fiber
Others

Hemp seeds account for the majority of shares as they are widely used in food products, supplements, and personal care items due to their rich nutritional profile, including essential fatty acids and proteins.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐒𝐨𝐮𝐫𝐜𝐞:

Conventional
Organic

Conventional dominates the market as this farming method is more widespread and cost-effective compared to organic farming.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

Food and Beverages
Textiles
Personal Care Products
Pharmaceuticals
Others

Food and beverages (F&B) exhibit a clear dominance due to the increasing popularity of hemp-based food products, including oils, protein powders, and snacks.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Asia Pacific holds the leading position owing to a large market for industrial hemp driven by its long-standing history of hemp cultivation, growing industrial applications, and favorable government policies.

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

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

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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