The global Industrial Hemp market size was valued at US$ 1398 million in 2024 and is forecast to a readjusted size of USD 3755 million by 2031 with a CAGR of 15.3% during review period.
Industrial hemp is a variety of the Cannabis sativa plant species that is grown specifically for industrial use. It can be used to make a wide range of products. Along with bamboo, hemp is one of the fastest growing plant on Earth. It was also one of the first plants to be spun into usable fiber 50,000 years ago. It can be refined into a variety of commercial items, including paper, rope, textiles, clothing, biodegradable plastics, paint, insulation, biofuel, food, and animal feed.
Global industrial hemp key players include Canopy Growth Corporation, Charlotte"s Web CBD, Aurora Cannabis, Folium Biosciences, Endoca, etc. Global top five manufacturers hold a share over 30%. North America is the largest market, with a share about 60%, followed by Europe, and Latin America, total have a share about 40 percent. In terms of product, CBD Oil is the largest segment, with a share over 75%. And in terms of application, the largest application is Medicine, followed by Food and Beverage, Cosmetics, etc.
This report is a detailed and comprehensive analysis for global Industrial Hemp market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Industrial Hemp market size and forecasts, in consumption value ($ Million), sales quantity (Ton), and average selling prices (US$/MT), 2020-2031
Global Industrial Hemp market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Ton), and average selling prices (US$/MT), 2020-2031
Global Industrial Hemp market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Ton), and average selling prices (US$/MT), 2020-2031
Global Industrial Hemp market shares of main players, shipments in revenue ($ Million), sales quantity (Ton), and ASP (US$/MT), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Industrial Hemp
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Industrial Hemp market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Kazmira, Medical Marijuana, Inc., Charlotte's Web CBD, CV Sciences, Folium Biosciences, Endoca, Aurora Cannabis, Aphria, Canopy Growth Corporation, Manitoba Harvest, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Industrial Hemp market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
CBD Oil
CBD Crystal
Market segment by Application
Medical and Pharmaceutical
Food and Beverage
Cosmetics
Other
Major players covered
Kazmira
Medical Marijuana, Inc.
Charlotte's Web CBD
CV Sciences
Folium Biosciences
Endoca
Aurora Cannabis
Aphria
Canopy Growth Corporation
Manitoba Harvest
Hankang (Yunnan) Biotechnology
Yunnan Hansu Biotechnology
Yunnan Hamusen Biology
Kunming BiouNIO Biotechnology
Asan Wuxing Biology
Yunnan Yunxing Biotechnology
Huayun Jinxin Biotechnology
Yunma Biotechnology (Chenguang Biotechnology)
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Industrial Hemp product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Industrial Hemp, with price, sales quantity, revenue, and global market share of Industrial Hemp from 2020 to 2025.
Chapter 3, the Industrial Hemp competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Industrial Hemp breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Industrial Hemp market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Industrial Hemp.
Chapter 14 and 15, to describe Industrial Hemp sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Industrial Hemp Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 CBD Oil
1.3.3 CBD Crystal
1.4 Market Analysis by Application
1.4.1 Overview: Global Industrial Hemp Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 Medical and Pharmaceutical
1.4.3 Food and Beverage
1.4.4 Cosmetics
1.4.5 Other
1.5 Global Industrial Hemp Market Size & Forecast
1.5.1 Global Industrial Hemp Consumption Value (2020 & 2024 & 2031)
1.5.2 Global Industrial Hemp Sales Quantity (2020-2031)
1.5.3 Global Industrial Hemp Average Price (2020-2031)
2 Manufacturers Profiles
2.1 Kazmira
2.1.1 Kazmira Details
2.1.2 Kazmira Major Business
2.1.3 Kazmira Industrial Hemp Product and Services
2.1.4 Kazmira Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.1.5 Kazmira Recent Developments/Updates
2.2 Medical Marijuana, Inc.
2.2.1 Medical Marijuana, Inc. Details
2.2.2 Medical Marijuana, Inc. Major Business
2.2.3 Medical Marijuana, Inc. Industrial Hemp Product and Services
2.2.4 Medical Marijuana, Inc. Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.2.5 Medical Marijuana, Inc. Recent Developments/Updates
2.3 Charlotte's Web CBD
2.3.1 Charlotte's Web CBD Details
2.3.2 Charlotte's Web CBD Major Business
2.3.3 Charlotte's Web CBD Industrial Hemp Product and Services
2.3.4 Charlotte's Web CBD Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.3.5 Charlotte's Web CBD Recent Developments/Updates
2.4 CV Sciences
2.4.1 CV Sciences Details
2.4.2 CV Sciences Major Business
2.4.3 CV Sciences Industrial Hemp Product and Services
2.4.4 CV Sciences Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.4.5 CV Sciences Recent Developments/Updates
2.5 Folium Biosciences
2.5.1 Folium Biosciences Details
2.5.2 Folium Biosciences Major Business
2.5.3 Folium Biosciences Industrial Hemp Product and Services
2.5.4 Folium Biosciences Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.5.5 Folium Biosciences Recent Developments/Updates
2.6 Endoca
2.6.1 Endoca Details
2.6.2 Endoca Major Business
2.6.3 Endoca Industrial Hemp Product and Services
2.6.4 Endoca Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.6.5 Endoca Recent Developments/Updates
2.7 Aurora Cannabis
2.7.1 Aurora Cannabis Details
2.7.2 Aurora Cannabis Major Business
2.7.3 Aurora Cannabis Industrial Hemp Product and Services
2.7.4 Aurora Cannabis Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.7.5 Aurora Cannabis Recent Developments/Updates
2.8 Aphria
2.8.1 Aphria Details
2.8.2 Aphria Major Business
2.8.3 Aphria Industrial Hemp Product and Services
2.8.4 Aphria Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.8.5 Aphria Recent Developments/Updates
2.9 Canopy Growth Corporation
2.9.1 Canopy Growth Corporation Details
2.9.2 Canopy Growth Corporation Major Business
2.9.3 Canopy Growth Corporation Industrial Hemp Product and Services
2.9.4 Canopy Growth Corporation Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.9.5 Canopy Growth Corporation Recent Developments/Updates
2.10 Manitoba Harvest
2.10.1 Manitoba Harvest Details
2.10.2 Manitoba Harvest Major Business
2.10.3 Manitoba Harvest Industrial Hemp Product and Services
2.10.4 Manitoba Harvest Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.10.5 Manitoba Harvest Recent Developments/Updates
2.11 Hankang (Yunnan) Biotechnology
2.11.1 Hankang (Yunnan) Biotechnology Details
2.11.2 Hankang (Yunnan) Biotechnology Major Business
2.11.3 Hankang (Yunnan) Biotechnology Industrial Hemp Product and Services
2.11.4 Hankang (Yunnan) Biotechnology Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.11.5 Hankang (Yunnan) Biotechnology Recent Developments/Updates
2.12 Yunnan Hansu Biotechnology
2.12.1 Yunnan Hansu Biotechnology Details
2.12.2 Yunnan Hansu Biotechnology Major Business
2.12.3 Yunnan Hansu Biotechnology Industrial Hemp Product and Services
2.12.4 Yunnan Hansu Biotechnology Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.12.5 Yunnan Hansu Biotechnology Recent Developments/Updates
2.13 Yunnan Hamusen Biology
2.13.1 Yunnan Hamusen Biology Details
2.13.2 Yunnan Hamusen Biology Major Business
2.13.3 Yunnan Hamusen Biology Industrial Hemp Product and Services
2.13.4 Yunnan Hamusen Biology Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.13.5 Yunnan Hamusen Biology Recent Developments/Updates
2.14 Kunming BiouNIO Biotechnology
2.14.1 Kunming BiouNIO Biotechnology Details
2.14.2 Kunming BiouNIO Biotechnology Major Business
2.14.3 Kunming BiouNIO Biotechnology Industrial Hemp Product and Services
2.14.4 Kunming BiouNIO Biotechnology Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.14.5 Kunming BiouNIO Biotechnology Recent Developments/Updates
2.15 Asan Wuxing Biology
2.15.1 Asan Wuxing Biology Details
2.15.2 Asan Wuxing Biology Major Business
2.15.3 Asan Wuxing Biology Industrial Hemp Product and Services
2.15.4 Asan Wuxing Biology Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.15.5 Asan Wuxing Biology Recent Developments/Updates
2.16 Yunnan Yunxing Biotechnology
2.16.1 Yunnan Yunxing Biotechnology Details
2.16.2 Yunnan Yunxing Biotechnology Major Business
2.16.3 Yunnan Yunxing Biotechnology Industrial Hemp Product and Services
2.16.4 Yunnan Yunxing Biotechnology Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.16.5 Yunnan Yunxing Biotechnology Recent Developments/Updates
2.17 Huayun Jinxin Biotechnology
2.17.1 Huayun Jinxin Biotechnology Details
2.17.2 Huayun Jinxin Biotechnology Major Business
2.17.3 Huayun Jinxin Biotechnology Industrial Hemp Product and Services
2.17.4 Huayun Jinxin Biotechnology Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.17.5 Huayun Jinxin Biotechnology Recent Developments/Updates
2.18 Yunma Biotechnology (Chenguang Biotechnology)
2.18.1 Yunma Biotechnology (Chenguang Biotechnology) Details
2.18.2 Yunma Biotechnology (Chenguang Biotechnology) Major Business
2.18.3 Yunma Biotechnology (Chenguang Biotechnology) Industrial Hemp Product and Services
2.18.4 Yunma Biotechnology (Chenguang Biotechnology) Industrial Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.18.5 Yunma Biotechnology (Chenguang Biotechnology) Recent Developments/Updates
3 Competitive Environment: Industrial Hemp by Manufacturer
3.1 Global Industrial Hemp Sales Quantity by Manufacturer (2020-2025)
3.2 Global Industrial Hemp Revenue by Manufacturer (2020-2025)
3.3 Global Industrial Hemp Average Price by Manufacturer (2020-2025)
3.4 Market Share Analysis (2024)
3.4.1 Producer Shipments of Industrial Hemp by Manufacturer Revenue ($MM) and Market Share (%): 2024
3.4.2 Top 3 Industrial Hemp Manufacturer Market Share in 2024
3.4.3 Top 6 Industrial Hemp Manufacturer Market Share in 2024
3.5 Industrial Hemp Market: Overall Company Footprint Analysis
3.5.1 Industrial Hemp Market: Region Footprint
3.5.2 Industrial Hemp Market: Company Product Type Footprint
3.5.3 Industrial Hemp Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Industrial Hemp Market Size by Region
4.1.1 Global Industrial Hemp Sales Quantity by Region (2020-2031)
4.1.2 Global Industrial Hemp Consumption Value by Region (2020-2031)
4.1.3 Global Industrial Hemp Average Price by Region (2020-2031)
4.2 North America Industrial Hemp Consumption Value (2020-2031)
4.3 Europe Industrial Hemp Consumption Value (2020-2031)
4.4 Asia-Pacific Industrial Hemp Consumption Value (2020-2031)
4.5 South America Industrial Hemp Consumption Value (2020-2031)
4.6 Middle East & Africa Industrial Hemp Consumption Value (2020-2031)
5 Market Segment by Type
5.1 Global Industrial Hemp Sales Quantity by Type (2020-2031)
5.2 Global Industrial Hemp Consumption Value by Type (2020-2031)
5.3 Global Industrial Hemp Average Price by Type (2020-2031)
6 Market Segment by Application
6.1 Global Industrial Hemp Sales Quantity by Application (2020-2031)
6.2 Global Industrial Hemp Consumption Value by Application (2020-2031)
6.3 Global Industrial Hemp Average Price by Application (2020-2031)
7 North America
7.1 North America Industrial Hemp Sales Quantity by Type (2020-2031)
7.2 North America Industrial Hemp Sales Quantity by Application (2020-2031)
7.3 North America Industrial Hemp Market Size by Country
7.3.1 North America Industrial Hemp Sales Quantity by Country (2020-2031)
7.3.2 North America Industrial Hemp Consumption Value by Country (2020-2031)
7.3.3 United States Market Size and Forecast (2020-2031)
7.3.4 Canada Market Size and Forecast (2020-2031)
7.3.5 Mexico Market Size and Forecast (2020-2031)
8 Europe
8.1 Europe Industrial Hemp Sales Quantity by Type (2020-2031)
8.2 Europe Industrial Hemp Sales Quantity by Application (2020-2031)
8.3 Europe Industrial Hemp Market Size by Country
8.3.1 Europe Industrial Hemp Sales Quantity by Country (2020-2031)
8.3.2 Europe Industrial Hemp Consumption Value by Country (2020-2031)
8.3.3 Germany Market Size and Forecast (2020-2031)
8.3.4 France Market Size and Forecast (2020-2031)
8.3.5 United Kingdom Market Size and Forecast (2020-2031)
8.3.6 Russia Market Size and Forecast (2020-2031)
8.3.7 Italy Market Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific Industrial Hemp Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Industrial Hemp Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Industrial Hemp Market Size by Region
9.3.1 Asia-Pacific Industrial Hemp Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific Industrial Hemp Consumption Value by Region (2020-2031)
9.3.3 China Market Size and Forecast (2020-2031)
9.3.4 Japan Market Size and Forecast (2020-2031)
9.3.5 South Korea Market Size and Forecast (2020-2031)
9.3.6 India Market Size and Forecast (2020-2031)
9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
9.3.8 Australia Market Size and Forecast (2020-2031)
10 South America
10.1 South America Industrial Hemp Sales Quantity by Type (2020-2031)
10.2 South America Industrial Hemp Sales Quantity by Application (2020-2031)
10.3 South America Industrial Hemp Market Size by Country
10.3.1 South America Industrial Hemp Sales Quantity by Country (2020-2031)
10.3.2 South America Industrial Hemp Consumption Value by Country (2020-2031)
10.3.3 Brazil Market Size and Forecast (2020-2031)
10.3.4 Argentina Market Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa Industrial Hemp Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Industrial Hemp Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Industrial Hemp Market Size by Country
11.3.1 Middle East & Africa Industrial Hemp Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa Industrial Hemp Consumption Value by Country (2020-2031)
11.3.3 Turkey Market Size and Forecast (2020-2031)
11.3.4 Egypt Market Size and Forecast (2020-2031)
11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
11.3.6 South Africa Market Size and Forecast (2020-2031)
12 Market Dynamics
12.1 Industrial Hemp Market Drivers
12.2 Industrial Hemp Market Restraints
12.3 Industrial Hemp Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Industrial Hemp and Key Manufacturers
13.2 Manufacturing Costs Percentage of Industrial Hemp
13.3 Industrial Hemp Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Industrial Hemp Typical Distributors
14.3 Industrial Hemp Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Kazmira
Medical Marijuana, Inc.
Charlotte's Web CBD
CV Sciences
Folium Biosciences
Endoca
Aurora Cannabis
Aphria
Canopy Growth Corporation
Manitoba Harvest
Hankang (Yunnan) Biotechnology
Yunnan Hansu Biotechnology
Yunnan Hamusen Biology
Kunming BiouNIO Biotechnology
Asan Wuxing Biology
Yunnan Yunxing Biotechnology
Huayun Jinxin Biotechnology
Yunma Biotechnology (Chenguang Biotechnology)
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*If Applicable.
