Updata
Hey! Thank you so much for your support and quality posts for V Show!
And congratulations on becoming our Vipon Associated Editor.
From now on, in addition to getting 10 points for each post (up to 30 points daily), we will regularly review each of your articles, and each approved article (tagged with Featured label) will be paid an additional $50.
Note: Not all articles you posted will get $50, only those that meet our requirements will be paid, and articles or contents that do not meet the requirements will be removed.
Please continue to produce high quality content for organic likes. Our shoppers love seeing your stories & posts!
Congratulations! Your V SHOW post Planting Tips has become our Featured content, we will pay $50 for this post. Please check on your balance. Please continue to produce high quality original content!
The global industrial hemp market revenue was valued at USD 9.47 billion in 2024 and is expected to expand from USD 11.42 billion in 2025 to USD 47.82 billion by 2032, reflecting a CAGR of 22.70% during the forecast period. In 2024, Europe dominated the market, accounting for a 31.04% share.
The U.S. industrial hemp market is also projected to witness significant growth, reaching an estimated USD 8.38 billion by 2032. This expansion is fueled by the rising adoption of hemp-based products across various industries, including pharmaceuticals, food & beverages, textiles, cosmetics, and more.
Industrial hemp, classified as a botanical variant of Cannabis sativa, is primarily distinguished by its low tetrahydrocannabinol (THC) content. Its versatility and growing demand in multiple applications, such as food and beverages, dietary supplements, textiles, and functional foods, continue to drive market growth.
Information Source:https://www.fortunebusinessinsights.com/industrial-hemp-market-102459
Segmentation
Conventional Segment to Dominate Due to Widespread Industry Adoption
Based on the source, the market is segmented into organic and conventional. The conventional segment is expected to experience significant growth over the coming years, driven by the increasing deployment of industrial hemp across various industries, including textiles, automotive, and paper manufacturing.
Hemp Fiber Segment to Witness Lucrative Growth in Textile and Automotive Sectors
By type, the market is categorized into hemp seed oil, hemp seed, hemp fiber, and others. The hemp fiber segment is projected to see substantial expansion due to its rising utilization in textiles, automotive materials, and paper production. The fiber’s sustainability, durability, and versatility make it an attractive material for these industries.
Textile Segment to Lead with Growing Sustainable Practices Adoption
Based on application, the market is divided into pharmaceuticals, personal care & cosmetics, beverages, food (dietary and functional foods), textiles, and others. The textile segment held a notable market share and is anticipated to grow significantly during the forecast period. This growth is largely driven by rising consumer awareness of climate change and the increasing demand for sustainable textile materials.
By geography, the industrial hemp market is analyzed across Asia Pacific, Europe, North America, South America, and the Middle East & Africa.
Report Coverage
The report offers an in-depth analysis of key market drivers, restraints, and industry expansion factors. It also highlights emerging market trends and assesses the impact of the COVID-19 pandemic on product sales. Additionally, the report includes insights into key strategies adopted by major industry players to maintain a competitive advantage.
Drivers and Restraints
Market Expansion Fueled by Rising International Trade of Hemp Products
The industrial hemp market is experiencing significant growth due to the increasing global demand for hemp-based products across diverse applications such as food, pharmaceuticals, and textiles. Additionally, the rising demand for hemp fiber processing in various countries is further contributing to market expansion.
However, the market’s growth may be hindered by stringent regulations surrounding hemp cultivation, sale, and marketing, which vary across regions.
Regional Insights
Europe Leads the Market with Increasing Consumption of Hemp Products
Europe is expected to maintain its dominant position in the industrial hemp market, driven by high consumer demand and increasing applications of hemp-based products. Meanwhile, Asia Pacific is anticipated to experience considerable growth, primarily due to the widespread use of hemp in paper and textile manufacturing.
Competitive Landscape
Key Players Focus on Strategic Collaborations to Strengthen Market Presence
Leading companies in the industrial hemp market are adopting various strategic initiatives to expand their market footprint. These include collaborations, partnerships, mergers, and acquisitions, which help companies enhance their capabilities and strengthen their global presence.
List of Key Players Mentioned in the Report:
Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/industrial-hemp-market-102459
Key Industry Development
February 2023 – Alcott Enterprises, an IT consulting and managed services company, announced a collaboration with Flourish Software. The partnership focuses on delivering enhanced implementation services, technical support, and integration solutions for hemp-related businesses.
The global industrial hemp market revenue was valued at USD 9.47 billion in 2024 and is expected to expand from USD 11.42 billion in 2025 to USD 47.82 billion by 2032, reflecting a CAGR of 22.70% during the forecast period. In 2024, Europe dominated the market, accounting for a 31.04% share.
The U.S. industrial hemp market is also projected to witness significant growth, reaching an estimated USD 8.38 billion by 2032. This expansion is fueled by the rising adoption of hemp-based products across various industries, including pharmaceuticals, food & beverages, textiles, cosmetics, and more.
Industrial hemp, classified as a botanical variant of Cannabis sativa, is primarily distinguished by its low tetrahydrocannabinol (THC) content. Its versatility and growing demand in multiple applications, such as food and beverages, dietary supplements, textiles, and functional foods, continue to drive market growth.
Information Source:https://www.fortunebusinessinsights.com/industrial-hemp-market-102459
Segmentation
Conventional Segment to Dominate Due to Widespread Industry Adoption
Based on the source, the market is segmented into organic and conventional. The conventional segment is expected to experience significant growth over the coming years, driven by the increasing deployment of industrial hemp across various industries, including textiles, automotive, and paper manufacturing.
Hemp Fiber Segment to Witness Lucrative Growth in Textile and Automotive Sectors
By type, the market is categorized into hemp seed oil, hemp seed, hemp fiber, and others. The hemp fiber segment is projected to see substantial expansion due to its rising utilization in textiles, automotive materials, and paper production. The fiber’s sustainability, durability, and versatility make it an attractive material for these industries.
Textile Segment to Lead with Growing Sustainable Practices Adoption
Based on application, the market is divided into pharmaceuticals, personal care & cosmetics, beverages, food (dietary and functional foods), textiles, and others. The textile segment held a notable market share and is anticipated to grow significantly during the forecast period. This growth is largely driven by rising consumer awareness of climate change and the increasing demand for sustainable textile materials.
By geography, the industrial hemp market is analyzed across Asia Pacific, Europe, North America, South America, and the Middle East & Africa.
Report Coverage
The report offers an in-depth analysis of key market drivers, restraints, and industry expansion factors. It also highlights emerging market trends and assesses the impact of the COVID-19 pandemic on product sales. Additionally, the report includes insights into key strategies adopted by major industry players to maintain a competitive advantage.
Drivers and Restraints
Market Expansion Fueled by Rising International Trade of Hemp Products
The industrial hemp market is experiencing significant growth due to the increasing global demand for hemp-based products across diverse applications such as food, pharmaceuticals, and textiles. Additionally, the rising demand for hemp fiber processing in various countries is further contributing to market expansion.
However, the market’s growth may be hindered by stringent regulations surrounding hemp cultivation, sale, and marketing, which vary across regions.
Regional Insights
Europe Leads the Market with Increasing Consumption of Hemp Products
Europe is expected to maintain its dominant position in the industrial hemp market, driven by high consumer demand and increasing applications of hemp-based products. Meanwhile, Asia Pacific is anticipated to experience considerable growth, primarily due to the widespread use of hemp in paper and textile manufacturing.
Competitive Landscape
Key Players Focus on Strategic Collaborations to Strengthen Market Presence
Leading companies in the industrial hemp market are adopting various strategic initiatives to expand their market footprint. These include collaborations, partnerships, mergers, and acquisitions, which help companies enhance their capabilities and strengthen their global presence.
List of Key Players Mentioned in the Report:
Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/industrial-hemp-market-102459
Key Industry Development
February 2023 – Alcott Enterprises, an IT consulting and managed services company, announced a collaboration with Flourish Software. The partnership focuses on delivering enhanced implementation services, technical support, and integration solutions for hemp-related businesses.
Are you sure you want to stop following?
Congrats! You are now a member!
Start requesting vouchers for promo codes by clicking the Request Deal buttons on products you want.
Start requesting vouchers for promo codes by clicking the Request Deal buttons on products you want.
Sellers of Amazon products are required to sign in at www.amztracker.com
More information about placing your products on this site can be found here.
Are you having problems purchasing a product with the supplied voucher? If so, please contact the seller via the supplied email.
Also, please be patient. Sellers are pretty busy people and it can take awhile to respond to your emails.
After 2 days of receiving a voucher you can report the seller to us (using the same button) if you cannot resolve this issue with the seller.
For more information click here.
We have taken note and will also convey the problems to the seller on your behalf.
Usually the seller will rectify it soon, we suggest now you can remove this request from your dashboard and choose another deal.
If you love this deal most, we suggest you can try to request this deal after 2 days.
This will mark the product as purchased. The voucher will be permanently removed from your dashboard shortly after. Are you sure?
You are essentially competing with a whole lot of other buyers when requesting to purchase a product. The seller only has a limited amount of vouchers to give out too.
Select All Groups
✕
Adult Products
Arts, Crafts & Sewing
Automotive & Industrial
Beauty & Grooming
Cell Phones & Accessories
Electronics & Office
Health & Household
Home & Garden
Jewelry
Kitchen & Dining
Men's Clothing & Shoes
Pet Supplies
Sports & Outdoors
Toys, Kids & Baby
Watches
Women's Clothing & Shoes
Other
Adult Products
©Copyright 2025 Vipon All Right Reserved · Privacy Policy · Terms of Service · Do Not Sell My Personal Information
Certain content in this page comes from Amazon. The content is provided as is, and is subject
to change or removal at
any time. Amazon and the Amazon logo are trademarks of Amazon.com,
Inc. or its affiliates.
Comments