Hemp Fiber Market Value, Forecast, and Industry Overview 2030
Overview of the Global Hemp Fiber Industry:
The Global Hemp Fiber market is projected to experience substantial growth between 2025 and 2030, driven by digital transformation, innovation in service delivery, and expanding global demand. The Global Hemp Fiber Market size was valued at around USD 11 Billion in 2024 and is expected to reach USD 36 Billion in 2030. Along with this, the market is estimated to grow at a CAGR of around 22% during the forecast period, i.e., 2025-30. This report offers an in-depth analysis of the key drivers, challenges, competitive landscape, and future outlook — helping businesses, investors, and stakeholders make informed decisions.
Market Size & Forecast (2025–2030)
- Base Year: 2024
- Forecast Period: 2025–2030
- Estimated CAGR (2025–2030): 22%
Key Market Driver (What’s Driving Hemp Fiber Sector Growth?)
Demand for Organic Products Fueling the Market – The concerns related to environmental safety have increased rapidly around the world. This has led to the rise in the usage of plant-based raw materials, which has ultimately increased the demand for hemp fibers. These fibers are non-polluting, recyclable, and biodegradable. Therefore, their demand has rapidly increased in the market. Additionally, they are found in the outer part of the plant, including the bark, and the process for their extraction is simpler, hence making it a reliable source for the market.
Being eco-friendly and a plant-based material, hemp is a better alternative to traditional fibers and synthetic raw materials. The preference for organic and green products over synthetic ones due to environmental concerns boosts their demand in this market. In addition, the awareness of sustainability leads to the use of biodegradable materials, which also prove to be renewable energy resources, contributing to enhancing market growth. Moreover, hemp is preferred over the other fibers as, in their production, they hardly need any herbicides to protect their crops, require less land than other crops, and expel negligible toxic materials into the soil. Therefore, there is a high demand for hemp fiber leading to the growth in this market.
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Top Companies in the Hemp Fiber Market
Here’s a snapshot of key players leading innovation and market share:
- Hemp Inc.
- Hemp Flax Group B.V.
- Konoplex LLC
- Dun Agro Hemp Group
- South Hemp SpA
- Parkland Industrial Hemp Growers Co-Op. Ltd.
- American Hemp LLC
- Colorado Hemp Works, INC
- Canah International
- EnviroTextiles LLC
- Hempro International
- Ecofibre Inc.
- Valley Bio Ltd.
- Hemp Meds Brasil
- Boring Hemp Company
- Others
Includes SWOT analysis, revenue trends, partnerships, and product launches.
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Hemp Fiber Market Segmentation Analysis
-By Type
- Long (Bast) Fibers
- Short (Core) Fibers
Out of these two, the long bast fibers hold the largest share of more than 70% of the market. For instance, as per the Trade Alliance of Canada, the production of large bast fibers accounts for about 70-80% due to its various advantages, such as tensile strength, durability, and lightweight, making it a resourceful option for diverse industrial applications.
-By Application
- Textiles
- Pulp & Paper
- Composite Material
- Insulation
- Animal Bedding
- Bio Composites
- Construction Materials
- Others
Among these, the textile segment holds the largest share of the market at about 30%. The rapid preference for hemp fibers, mainly in clothing and home textiles, over other traditional types of fabric materials, such as cotton, linen, etc., is due to the benefits of hemp fibers.
-By Source
- Organic– Market Size & Forecast 2020-2030, USD Million
- Conventional– Market Size & Forecast 2020-2030, USD Million
Geographical Analysis
-By Region
- North America
- South America
- The Middle East & Africa
- Europe
- Asia-Pacific
Geographically, Asia-Pacific holds a dominant share in the Global Hemp Fiber Market (more than 30%). Within this region, China is poised to be the leading producer of Hemp, as per the USDA (United States Department of Agriculture), 2020.
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Methodology Behind the Report
This research combines qualitative and quantitative methods, including:
- Expert interviews
- Proprietary forecasting models
- Financial and trade databases
- Government and institutional data
Forecasts are validated using top-down and bottom-up approaches to ensure accuracy and reliability.
Frequently Asked Questions About the Hemp Fiber Market
- What is the growth rate of the Hemp Fiber market from 2025–2030?
- Which segment are expected to dominate market?
- Who are the top companies and what strategies being they using?
- What are the key risks and challenges in this industry?
- How can businesses prepare for future trends?
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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