World's Top 50 Companies in Industrial Hemp in 2025 Watch List: Statistics Report (2024–2035)
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Industrial Hemp Market Size is projected to Grow from USD 6.26 Billion in 2024 to USD 28.26 Billion by 2035, at a CAGR of 16.27 % during the forecast period 2025–2035. The industrial hemp market offers future opportunities in sustainable textiles, bioplastics, hemp-based construction materials, CBD wellness products, and animal feed driven by eco-friendly demand, regulatory support, and diversified industrial applications.
Introduction
The industrial hemp market refers to the cultivation, processing, and commercialization of the hemp plant for non-psychoactive uses across various industries such as textiles, food, construction, personal care, and bio-composites. Unlike marijuana, industrial hemp contains low levels of THC and is primarily valued for its fiber, seeds, and oil. Key driving factors fueling market growth include rising demand for sustainable and biodegradable products, increasing adoption of hemp-based health and wellness items, supportive government regulations, and a shift toward natural alternatives in construction and packaging. Technological advancements in processing and growing awareness of hemp’s environmental benefits further accelerate its market potential.
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Industrial Hemp Market Size & Statistics
- The Market Size for Industrial Hemp was Estimated to be Worth USD 6.26 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 16.27 % between 2025 and 2035.
- The Global Industrial Hemp Market Size is Anticipated to Reach USD 28.26 Billion by 2035.
- Asia Pacific is Expected to generate the highest demand during the forecast period in the industrial hemp market.
- North America is Expected to Grow the fastest during the forecast period in the industrial hemp market.
Regional growth and demand
North America is expected to grow the fastest during the forecast period in the industrial hemp market. In North America, the demand for hemp oil is expected to be driven by the expanding elder demographic, increasing disposable income, and heightened awareness regarding skin issues and UV protection. The regional industrial hemp market is growing rapidly due to the enhancement of production and distribution activities in the area, alongside increased investments in research and development to advance industrial hemp. The hemp industry draws entrepreneurs and investors due to the easily available capital and investment prospects in the United States. This enables companies to expand their operations, invest in research and development, and boost production.
Asia Pacific is expected to generate the highest demand during the forecast period in the industrial hemp market. The Asia Pacific region is the top global producer and consumer of industrial hemp along with its byproducts, such as oil, seeds, fiber, and herbs. China, India, Japan, Korea, Australia, New Zealand, and Thailand are all engaged in the cultivation of industrial hemp. The increasing global demand for hemp products, along with technological innovations, is making the harvesting process easier for farmers and transforming the hemp farming landscape in the region. The increasing adoption of hemp-derived food items and supplements in developing nations with an older demographic is expected to drive the regional market throughout the projection period
Top 5 Emerging Industrial Hemp Startups
1. empitecture – Sustainable Building Material
With a growing global population, the building and construction sector faces added pressure to meet this demand. Utilizing conventional construction materials is detrimental to the environment as they contribute to a rise in atmospheric carbon dioxide. Cutting-edge smart materials enable startups to create eco-friendly and alternative materials, like hemp-derived insulators and construction blocks, for the building sector. The startup Hempitecture, located in the US, creates building materials made from hemp for the construction industry. Hempcrete is a botanical substance that relies on a specially designed mineral-based adhesive to connect the hemp core. This biocomposite can be used for both spray and cast-in-place applications. The production of Hempcrete facilitates carbon capture and lowers the industry's carbon footprint.
2. SeFF Fibre – Sustainable Hemp Fibers
Cotton, being a textile, is organic, decomposable, and results in fabric that is supple, airy, and lightweight. Nonetheless, cultivating cotton is not particularly eco-friendly since it demands a large quantity of water. Hemp, in contrast, requires significantly less water for its cultivation. Hemp fabrics demonstrate considerable tensile strength and shield users from UV radiation. Additionally, hemp has antimicrobial properties and needs less land for cultivation. British startup SeFF Fibre transforms hemp fibers into textiles that can be woven and spun. The company employs patented high-voltage pulsed electrical discharge technology to separate the dense and tangled hemp fibers. This separation of the coarse and bundled hemp yields individual fibers that are softer and finer.
3. Hemp Corp – Hemp-Based Derivatives
All sections of the hemp plant can be utilized in various industries such as textiles, healthcare, agriculture, and construction. Hemp seeds facilitate fuel generation, its stalk is converted into fiber, the leaves possess healing qualities, and its roots enhance soil fertility. This motivates startups to create inventive solutions for generating a range of hemp-derived products. The startup Hemp Corp, located in the US, produces and processes products derived from hemp. The startup offers a range of cannabidiol (CBD) products, including CBD crude oil, CBD distillate, and CBD isolates. Like petrochemical processing, raw hemp material is subsequently treated with ethanol or carbon dioxide. Consequently, the startup offers broad spectrum distillate that is free of tetrahydrocannabinol (THC) and contains notably elevated levels of CBD.
4. Secret Trees – Sustainable Hemp Supply Chain
Numerous nations are permitting the use of recreational cannabis, leading to a rise in the demand for CBD and THC. As a result, there is a rise in the quantity of farmers growing industrial hemp. Advancements in AgriTech allow startups to create innovative strategies to enhance the industrial hemp supply chain and boost profitability. Latvian startup Secret Trees provides efficient hemp-driven initiatives for environmental impact. The company manufactures and processes industrial hemp into eco-friendly products and supports a worldwide marketplace through its Secret Trees Platform. This platform allows producers, processors, and retailers of hemp to oversee and control the supply and demand for industrial hemp.
5. Fiber – Cannabis Waste Management
Hemp produces a large quantity of cannabis waste that can be easily transformed into valuable products. Energy technologies facilitate the transformation of cannabis waste into a burnable fuel resource. Fermenting cannabis byproducts transforms them into nutrient-dense fertilizer. Startups are focused on developing methods for sustainably handling the waste produced during hemp processing. The startup 9Fiber, located in the US, transforms cannabis waste into fiber through its unique two-step method. The startup removes the outer layer and cleans the hemp waste, eliminating heavy metals, pesticides, THC or CBD, and lignin. The startup subsequently produces tough and gentle fabrics free of adhesives and also lightens the fiber raw material.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the industrial hemp market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 15 Companies Leading the Industrial Hemp Market
- Parkland Industrial Hemp Growers Cooperative Ltd.
- CBD Biotechnology Co.
- Botanical Genetics
- Marijuana Company
- HempMeds
- Terra Tech Corp.
- American Cannabis Company
- HempFlax B.V.
- Industrial Hemp Manufacturing
- American Hemp
- Boring Hemp Company
- Plains Industrial Hemp Processing Ltd.
- Ecofiber Industries Operations
- Valley Bio Limite
- Others
1. Parkland Industrial Hemp Growers Cooperative Ltd.
Headquarters: Dauphin, Manitoba, Canada
Parkland Industrial Hemp Growers Cooperative Ltd. (PIHG) is a Canadian farmer-owned cooperative focused on the production, research, and marketing of industrial hemp. Established in 1998, the cooperative promotes sustainable hemp farming practices and supports growers across the Canadian Prairies. PIHG specializes in hemp fiber and grain production for use in food, construction, textiles, and industrial products. It actively collaborates with academic institutions and government bodies to advance hemp processing technologies and market development. Through innovation and grower support, PIHG plays a key role in building Canada’s hemp value chain and supporting rural economic development.
2. CBD Biotechnology Co.
Headquarters: Shanghai, China
CBD Biotechnology Co. is a China-based company engaged in the research, development, and commercialization of cannabidiol (CBD)-infused health and skincare products. The company focuses on integrating hemp-derived CBD into cosmetics and personal care applications, catering to the growing demand for natural, plant-based wellness solutions. CBD Biotechnology operates under regulatory compliance and promotes scientific innovation in hemp extraction and formulation. It leverages e-commerce platforms and strategic partnerships to distribute its CBD skin creams, serums, and oils throughout China and emerging Asian markets. The company aims to pioneer the hemp beauty segment in a market rapidly embracing wellness-driven consumer goods.
3. Botanical Genetics
Headquarters: San Diego, California, USA
Botanical Genetics is a biotechnology firm specializing in the genetic research and development of high-yield, cannabinoid-rich hemp and cannabis plants. The company focuses on breeding proprietary strains with optimized traits for medical, wellness, and industrial use. Its work includes tissue culture propagation, gene mapping, and molecular breeding to produce consistent, scalable, and legally compliant hemp genetics. Botanical Genetics partners with licensed cultivators and producers to commercialize its elite hemp varieties. By combining plant science with market demand, the company contributes to advancing the quality and consistency of hemp crops across the growing CBD and industrial hemp sectors.
4. Marijuana Company of America (MCOA)
Headquarters: Escondido, California, USA
Marijuana Company of America (MCOA) is a publicly traded U.S.-based firm that develops, markets, and sells hemp-derived products across wellness, agriculture, and industrial sectors. Its portfolio includes CBD-infused supplements, pet products, and industrial hemp cultivation. MCOA supports the expansion of legal hemp farming and partners with licensed growers for large-scale cultivation projects. Through its subsidiaries and joint ventures, the company explores opportunities in international hemp markets and sustainable agricultural practices. Committed to compliance and transparency, MCOA is helping shape the evolving hemp and CBD industries by combining wellness innovation with environmentally responsible growth strategies.
5. HempMeds
Headquarters: San Diego, California, USA
HempMeds, a subsidiary of Medical Marijuana Inc., is a pioneer in the global distribution of hemp-derived CBD products. Founded in 2012, the company was among the first to introduce CBD oil to international markets. Its product line includes tinctures, capsules, topicals, and wellness supplements derived from non-GMO industrial hemp. HempMeds focuses on safety, transparency, and legal compliance, offering third-party lab testing and full traceability for every product. With operations in the U.S., Latin America, and Asia, HempMeds plays a leading role in promoting CBD awareness and expanding consumer access to natural, hemp-based wellness alternatives worldwide.
Are you ready to discover more about the industrial hemp market?
The report provides an in-depth analysis of the leading companies operating in the global industrial hemp market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Parkland Industrial Hemp Growers Cooperative Ltd.
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- CBD Biotechnology Co.
- Botanical Genetics
- Marijuana Company
- HempMeds
- Terra Tech Corp.
- American Cannabis Company
- HempFlax B.V.
- Industrial Hemp Manufacturing
- American Hemp
- Boring Hemp Company
- Plains Industrial Hemp Processing Ltd.
- Ecofiber Industries Operations
- Valley Bio Limite
- Others
Conclusion
The industrial hemp market is undergoing a dynamic transformation, driven by increasing demand for sustainable, plant-based alternatives across various industries. From textiles and bioplastics to wellness and construction, hemp’s versatility is unlocking new opportunities for innovation and investment. With supportive government regulations and advancements in cultivation and processing technologies, both established companies and emerging startups are reshaping the global hemp landscape. Regions such as Asia Pacific and North America are leading this expansion through innovation, favorable climates, and evolving consumer preferences. As industrial applications diversify, strategic planning and market insight will be essential for staying competitive in this evolving sector.
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