China Industrial Hemp Market Size & Outlook, 2026-2033
The industrial hemp market in China is expected to reach a projected revenue of US$ 4,393.7 million by 2030. A compound annual growth rate of 20.9% is expected of China industrial hemp market from 2024 to 2030.
The China industrial hemp market generated a revenue of USD 1,165.1 million in 2023 and is expected to reach USD 4,393.7 million by 2030.
The China market is expected to grow at a CAGR of 20.9% from 2024 to 2030.
In terms of segment, fiber was the largest revenue generating product in 2023.
Seeds is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial hemp market data book summary
Market revenue in 2023
USD 1,165.1 million
Market revenue in 2030
USD 4,393.7 million
Growth rate
20.9% (CAGR from 2024 to 2030)
Largest segment
Fiber
Fastest growing segment
Seeds
Historical data
2018 - 2022
Base year
2023
Forecast period
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Seeds, Fiber, Shives
Key market players worldwide
Marijuana Company of America Inc, Medical Marijuana Inc, Tetra Tech Inc, American Medical Technologies Inc, Hemp Inc, Ecofibre Ltd Ordinary Shares
Other key industry trends
In terms of revenue, China accounted for 21.2% of the global industrial hemp market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Asia Pacific, China industrial hemp market is projected to lead the regional market in terms of revenue in 2030.
China is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,393.7 million by 2030.
China is the largest producer of industrial hemp cultivating 44,000 tons in over 20 provinces with Yunnan, Heilongjiang, Shanxi and Anhui being the largest producer. The country utilizes hemp for manufacturing of premium quality fabrics, medicines, and food products such as snacks, oils and drinks.
The country leads in manufacturing and exporting hemp textiles and related product and around 80% of hemp produced is used in textile industry. The country is primary supplier of hemp products to the United States, East and South East Asian countries and has secured over half of the 606 hemp patents recorded worldwide.
The country is expected to witness high growth on account of increasing efforts of the farmers, scientists, and government in China to revolutionize hemp industry over the forecast period.
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 Outlook will help companies and investors design strategic landscapes.
Fiber was the largest segment with a revenue share of 104.04% in 2023.
Horizon Databook has segmented the China industrial hemp market based on seeds, fiber, shives covering the revenue growth of each sub-segment from 2018 to 2030.
China is the largest producer of industrial hemp cultivating 44,000 tons in over 20 provinces with Yunnan, Heilongjiang, Shanxi and Anhui being the largest producer. The country utilizes hemp for manufacturing of premium quality fabrics, medicines, and food products such as snacks, oils and drinks.
The country leads in manufacturing and exporting hemp textiles and related product and around 80% of hemp produced is used in textile industry. The country is primary supplier of hemp products to the United States, East and South East Asian countries and has secured over half of the 606 hemp patents recorded worldwide.
The country is expected to witness high growth on account of increasing efforts of the farmers, scientists, and government in China to revolutionize hemp industry over the forecast period.
China Industrial Hemp Market Product Outlook (Revenue, USD Million , 2021-2033)
Seeds
Fiber
Shives
China Industrial Hemp Market Application Outlook (Revenue, USD Million , 2021-2033)
Animal Care
Textiles
Automotive
Furniture
Food & Beverages
Paper
Construction Materials
Personal Care
Other
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Horizon Databook provides a detailed overview of country-level data and insights on the China Industrial Hemp Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Industrial Hemp Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.