Global Industrial Hemp Market Size & Outlook, 2026-2033
Global industrial hemp market, 2021-2033 (US$M)
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Global industrial hemp market highlights
- The global industrial hemp market generated a revenue of USD 5,507.2 million in 2023 and is expected to reach USD 16,754.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 17.4% by 2030.
- In terms of segment, fiber accounted for a revenue of USD 2,630.9 million in 2023.
- Seeds is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,507.2 million |
| Market revenue in 2030 | USD 16,754.8 million |
| Growth rate | 17.4% (CAGR from 2024 to 2030) |
| Largest segment | Fiber |
| Fastest growing segment | Seeds |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Seeds, Fiber, Shives |
Other key industry trends
- In terms of revenue, the North America accounted for 33.9% of the global industrial hemp market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 6,226.8 million by 2030.
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Industrial Hemp Market Scope
Industrial Hemp Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ecofibre Ltd Ordinary Shares | View profile | - | 680 George Street, Level 12, Sydney, NSW, Australia, 2000 | https://www.ecofibre.com |
| Hemp Inc | View profile | - | 7380 S. EASTERN AVE., No. 124-342, Las Vegas, NV, United States, 89123 | https://www.hempinc.com |
| Medical Marijuana Inc | View profile | 85 | 2384 La Mirada Drive, Vista, CA, United States, 92081 | https://www.medicalmarijuanainc.com |
| Marijuana Company of America Inc | View profile | 7 | 633 West 5th Street, Suite 2826, Los Angeles, CA, United States, 90071 | http://www.marijuanacompanyofamerica.com |
| American Medical Technologies Inc | View profile | 14 | 5556 Bear Lane, Corpus Christi, TX, United States, 78405 | - |
| Tetra Tech Inc | View profile | 27000 | 3475 East Foothill Boulevard, Pasadena, CA, United States, 91107 | https://www.tetratech.com |
Global industrial hemp market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial hemp market will help companies and investors design strategic landscapes.
Fiber was the largest segment with a revenue share of 47.77% in 2025. Horizon Databook has segmented the Global industrial hemp market based on seeds, fiber, shives covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Industrial Hemp Product Outlook (Revenue, USD Million, 2021-2033)
- Seeds
- Fiber
- Shives
- Global Industrial Hemp Application Outlook (Revenue, USD Million, 2021-2033)
- Paper
- Construction Materials
- Textiles
- Automotive
- Personal Care
- Furniture
- Food & Beverages
- Animal Care
- Other
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Our clientele includes a mix of industrial hemp market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global industrial hemp market , including forecasts for subscribers. This global databook contains high-level insights into Global industrial hemp market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Global industrial hemp market size, by regions, 2021-2033 (US$M)
Top 10 countries: Industrial hemp market size, 2025 (US$M)
Global industrial hemp market share, by product, 2025 & 2033 (%, US$M)
Industrial hemp market: Opportunity assessment by country
Global industrial hemp market, by region, 2025 (US$M)
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