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Industrial Hemp Market Share

Report ID: GMI3306
Published Date: Sep 2024
Report Format: PDF

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Industrial Hemp Market Share

These companies are focused on expanding their product portfolios and increasing their production capacities to meet the growing demand for hemp-based products. Strategic partnerships, mergers, and acquisitions are common in the industry as companies seek to strengthen their market position and capitalize on expanding market opportunities.

Industrial Hemp Market Companies

The competitive landscape of the industry includes prominent players such as

Fresh Hemp Foods Ltd.
Boring Hemp Company
HempFlax B.V
Global Hemp Group Inc.
Hempco Food and Fiber Inc.
Hudson Valley Hemp LLC
Parkland Industrial Hemp Growers Cooperative Ltd. (PIHG)
Valley Bio Limited
Terra Tech Corp
HempMeds Brasil
American Hemp LLC
Plains Industrial Hemp Processing Ltd.
Marijuana Company of America Inc.
North American Hemp & Grain Co Ltd.
Bombay Hemp Company

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Market size for industrial hemp was USD 242 million in 2023 and is expected to register 6.2% CAGR from 2024-2032 owing to increasing utilization of hemp across various sectors, particularly in textiles, food & beverages, and construction worldwide.

Industrial hemp industry from the textiles segment is expected to register 5.9% CAGR from 2024-2032 due to their sustainability, versatility, and resistance to abrasion.

North America industry is expected to register 7.5% CAGR from 2024-2032 due to legalization of hemp cultivation under the 2018 Farm Bill in the United States in the region.

Valley Bio Limited, Terra Tech Corp, HempMeds Brasil, American Hemp LLC., Plains Industrial Hemp Processing Ltd., Marijuana Company of America Inc., North American Hemp & Grain Co Ltd., Bombay Hemp Company, are some of the major industrial hemp products companies worldwide.