Industrial Hemp Market to Surpass USD 16.41 Billion by 2030 Amid Surging Demand Across Food, Textiles, and CBD Applications

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The global industrial hemp market size had a share of USD 4.02 billion in 2021, which is expected to advance and reach USD 16.41 billion by 2030 with a CAGR of 16.92% during the forecast period.

Pune, India – July 2025 – Straits Research announces the release of its latest report on the Industrial Hemp Market, forecasting the market to grow from USD 4.02 billion in 2021 to USD 16.41 billion by 2030, at a CAGR of 16.92%. The expansion is fueled by increasing awareness about the uses of industrial hemp, especially across the food & beverage, personal care, bioplastics, and pharmaceutical sectors.

As consumers and industries turn to sustainable alternatives, industrial hemp farms worldwide are scaling production to meet the rising need for industrial hemp seeds, fibers, and CBD extracts. With evolving regulations and innovation at the forefront, the market is poised for rapid transformation.

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What is Industrial Hemp?

Industrial hemp is a variety of the Cannabis Sativa plant species specifically cultivated for industrial and commercial uses. Unlike marijuana, it contains low levels of THC, making it non-psychoactive. It is grown primarily for its fibers, seeds, and CBD content, and is increasingly recognized for its environmentally friendly properties and wide range of applications.

Market Segmentation

By Nature:

Organic: Growing rapidly due to demand for clean-label and chemical-free products.
Conventional: Still dominates due to wide availability and affordability.

By Product Type:

Fiber: Commonly used in textiles, insulation, rope, and bioplastics.
Seeds: Gaining popularity in nutrition bars, hemp oil, and supplements.
Shives and Others: Used in animal bedding, construction, and bio-composites.

By Application:

Food and Beverage
Personal Care
Pharmaceuticals
Textiles
Paper
Others

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Key Players in the Industrial Hemp Market

Hempco
Ecofibre
Hemp Inc.
GenCanna
HempFlax BV
CBD Biotechnology Co., Ltd.
Hemp Oil Canada
Colorado Hemp Works
American Cannabis Company, Inc.
Dun Agro
Parkland Industrial Hemp Growers Cooperative Ltd.

About Straits Research

Straits Research empowers businesses with data-driven insights on emerging sectors. Our methodology blends primary interviews (industry players, industrial hemp farms) with FDA/FAO/IFT data modeling.