Industrial Hemp Market Size 2025-2029
The industrial hemp market size is forecast to increase by USD 18.31 billion at a CAGR of 27% between 2024 and 2029.
- The market is experiencing significant growth, driven primarily by the surging demand from the textile industry. Hemp fibers offer numerous advantages, including being naturally anti-bacterial, biodegradable, and requiring minimal water and pesticides for cultivation. This makes it an attractive alternative to traditional textiles, leading to increased adoption in clothing, shoes, and other consumer goods. Moreover, the strategic landscape of the market is evolving rapidly, with an uptick in collaborations, partnerships, and mergers and acquisitions. Companies are recognizing the potential of hemp and are investing in research and development, production, and distribution to capitalize on this growing trend.
- However, the production of hemp presents certain challenges. These include regulatory hurdles, variable growing conditions, and limited supply chain infrastructure. Companies seeking to enter or expand in this market must navigate these challenges effectively to ensure long-term success. Overall, the market presents significant opportunities for growth, particularly in the textile industry, and strategic collaboration and innovation will be key differentiators for market participants.
What will be the Size of the Industrial Hemp Market during the forecast period?
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Industrial Hemp Market 2019 - 2023
- Historic Market Size - Data Table on Global Industrial Hemp Market 2019 - 2023 ($ million)
- 5.2 Product segment analysis 2019 - 2023
- Historic Market Size - Product Segment 2019 - 2023 ($ million)
- 5.3 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
- 5.4 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.5 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI in the Global Industrial Hemp Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Product
- 8.1 Market segments
- Chart on Product - Market share 2024-2029 (%)
- Data Table on Product - Market share 2024-2029 (%)
- 8.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 8.3 Seeds - Market size and forecast 2024-2029
- Chart on Seeds - Market size and forecast 2024-2029 ($ million)
- Data Table on Seeds - Market size and forecast 2024-2029 ($ million)
- Chart on Seeds - Year-over-year growth 2024-2029 (%)
- Data Table on Seeds - Year-over-year growth 2024-2029 (%)
- 8.4 Fiber - Market size and forecast 2024-2029
- Chart on Fiber - Market size and forecast 2024-2029 ($ million)
- Data Table on Fiber - Market size and forecast 2024-2029 ($ million)
- Chart on Fiber - Year-over-year growth 2024-2029 (%)
- Data Table on Fiber - Year-over-year growth 2024-2029 (%)
- 8.5 Shivs - Market size and forecast 2024-2029
- Chart on Shivs - Market size and forecast 2024-2029 ($ million)
- Data Table on Shivs - Market size and forecast 2024-2029 ($ million)
- Chart on Shivs - Year-over-year growth 2024-2029 (%)
- Data Table on Shivs - Year-over-year growth 2024-2029 (%)
- 8.6 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)
9 Market Segmentation by Application
- 9.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 9.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 9.3 Textile - Market size and forecast 2024-2029
- Chart on Textile - Market size and forecast 2024-2029 ($ million)
- Data Table on Textile - Market size and forecast 2024-2029 ($ million)
- Chart on Textile - Year-over-year growth 2024-2029 (%)
- Data Table on Textile - Year-over-year growth 2024-2029 (%)
- 9.4 Food and beverages - Market size and forecast 2024-2029
- Chart on Food and beverages - Market size and forecast 2024-2029 ($ million)
- Data Table on Food and beverages - Market size and forecast 2024-2029 ($ million)
- Chart on Food and beverages - Year-over-year growth 2024-2029 (%)
- Data Table on Food and beverages - Year-over-year growth 2024-2029 (%)
- 9.5 Personal care - Market size and forecast 2024-2029
- Chart on Personal care - Market size and forecast 2024-2029 ($ million)
- Data Table on Personal care - Market size and forecast 2024-2029 ($ million)
- Chart on Personal care - Year-over-year growth 2024-2029 (%)
- Data Table on Personal care - Year-over-year growth 2024-2029 (%)
- 9.6 Animal care - Market size and forecast 2024-2029
- Chart on Animal care - Market size and forecast 2024-2029 ($ million)
- Data Table on Animal care - Market size and forecast 2024-2029 ($ million)
- Chart on Animal care - Year-over-year growth 2024-2029 (%)
- Data Table on Animal care - Year-over-year growth 2024-2029 (%)
- 9.7 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ million)
- Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 9.8 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
10 Market Segmentation by Source
- 10.1 Market segments
- Chart on Source - Market share (2024-2029) (%)
- Data Table on Source - Market share (2024-2029) (%)
- 10.2 Comparison by Source
- Chart on Comparison by Source
- Data Table on Comparison by Source
- 10.3 Organic - Market size and forecast (2024-2029)
- Chart on Organic - Market size and forecast (2024-2029) ($ million)
- Data Table on Organic - Market size and forecast (2024-2029) ($ million)
- Chart on Organic - Year-over-year growth (2024-2029) (%)
- Data Table on Organic - Year-over-year growth (2024-2029) (%)
- 10.4 Conventional - Market size and forecast (2024-2029)
- Chart on Conventional - Market size and forecast (2024-2029) ($ million)
- Data Table on Conventional - Market size and forecast (2024-2029) ($ million)
- Chart on Conventional - Year-over-year growth (2024-2029) (%)
- Data Table on Conventional - Year-over-year growth (2024-2029) (%)
- 10.5 Market opportunity by Source
- Market opportunity by $segment_name ($ million)
- Data Table on Market opportunity by $segment_name ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 12.4 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 12.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 12.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.9 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.10 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.11 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.12 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.13 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.14 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.15 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ million)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.16 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.17 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ million)
- Data Table on Italy - Market size and forecast 2024-2029 ($ million)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 12.18 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
13 Drivers, Challenges, and Opportunity/Restraints
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities/restraints
14 Competitive Landscape
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Aurora Cannabis Inc.
- Aurora Cannabis Inc. - Overview
- Aurora Cannabis Inc. - Business segments
- Aurora Cannabis Inc. - Key news
- Aurora Cannabis Inc. - Key offerings
- Aurora Cannabis Inc. - Segment focus
- SWOT
- 15.5 Bombay Hemp Co. Pvt. Ltd.
- Bombay Hemp Co. Pvt. Ltd. - Overview
- Bombay Hemp Co. Pvt. Ltd. - Product / Service
- Bombay Hemp Co. Pvt. Ltd. - Key offerings
- SWOT
- 15.6 Boring Hemp Co.
- Boring Hemp Co. - Overview
- Boring Hemp Co. - Product / Service
- Boring Hemp Co. - Key offerings
- SWOT
- 15.7 Canopy Growth Corp.
- Canopy Growth Corp. - Overview
- Canopy Growth Corp. - Business segments
- Canopy Growth Corp. - Key news
- Canopy Growth Corp. - Key offerings
- Canopy Growth Corp. - Segment focus
- SWOT
- 15.8 Charlottes Web Holdings Inc.
- Charlottes Web Holdings Inc. - Overview
- Charlottes Web Holdings Inc. - Product / Service
- Charlottes Web Holdings Inc. - Key news
- Charlottes Web Holdings Inc. - Key offerings
- SWOT
- 15.9 CV Sciences Inc.
- CV Sciences Inc. - Overview
- CV Sciences Inc. - Business segments
- CV Sciences Inc. - Key news
- CV Sciences Inc. - Key offerings
- CV Sciences Inc. - Segment focus
- SWOT
- 15.10 Deep Nature Project GmbH
- Deep Nature Project GmbH - Overview
- Deep Nature Project GmbH - Product / Service
- Deep Nature Project GmbH - Key offerings
- SWOT
- 15.11 Dun Agro Hemp Group
- Dun Agro Hemp Group - Overview
- Dun Agro Hemp Group - Product / Service
- Dun Agro Hemp Group - Key offerings
- SWOT
- 15.12 Ecofibre Ltd.
- Ecofibre Ltd. - Overview
- Ecofibre Ltd. - Business segments
- Ecofibre Ltd. - Key offerings
- Ecofibre Ltd. - Segment focus
- SWOT
- 15.13 Elixinol Wellness Ltd.
- Elixinol Wellness Ltd. - Overview
- Elixinol Wellness Ltd. - Business segments
- Elixinol Wellness Ltd. - Key news
- Elixinol Wellness Ltd. - Key offerings
- Elixinol Wellness Ltd. - Segment focus
- SWOT
- 15.14 GFR Ingredients Ltd.
- GFR Ingredients Ltd. - Overview
- GFR Ingredients Ltd. - Product / Service
- GFR Ingredients Ltd. - Key offerings
- SWOT
- 15.15 Hanma Investment Group Co. Ltd.
- Hanma Investment Group Co. Ltd. - Overview
- Hanma Investment Group Co. Ltd. - Product / Service
- Hanma Investment Group Co. Ltd. - Key offerings
- SWOT
- 15.16 Hemp Horizons Private Ltd.
- Hemp Horizons Private Ltd. - Overview
- Hemp Horizons Private Ltd. - Product / Service
- Hemp Horizons Private Ltd. - Key offerings
- SWOT
- 15.17 HempFlax Group BV
- HempFlax Group BV - Overview
- HempFlax Group BV - Product / Service
- HempFlax Group BV - Key offerings
- SWOT
- 15.18 HemPoland Sp zoo
- HemPoland Sp zoo - Overview
- HemPoland Sp zoo - Product / Service
- HemPoland Sp zoo - Key offerings
- SWOT
16 Appendix
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
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