Press Release

Hemp Fiber Market to Hit USD36 Billion by 2030 Due to Increasing Demand for Organic Products

The Global Hemp Fiber Market size was valued at around USD11 Billion in 2024 and is expected to reach USD36 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, cites MarkNtel Advisors in the recent research report. Over the past decade, the rising demand for green and organic products and the awareness regarding environmental issues have led to the high demand for natural alternatives. Being a plant-based material, hemp is a potential replacement for synthetic raw materials. This is due to the natural origin of hemp fibers and these are the appropriate source of renewable energy. These traits make their market inclination toward expansion.

Additionally, the rapid resolution of the misconception regarding the hemp plants with drug substances like cannabinoids such as Marijuana contributes to the rapid adoption of hemp derivatives. Additionally, the government initiatives for the legalization of hemp fiber grow the hemp fiber market. Also, due to their high tenacity and strength, these are used in technical textile products like nets, cords, and ropes. In addition, these are majorly used in safety equipment like safety harnesses, during trekking, climbing, etc.

Moreover, there are additional traits associated with Hemp Fibers which majorly involve bioactive properties such as anti-microbial, anti-inflammatory, anti-oxidant, anti-carcinogenicity, UV-radiation resistance, soft texture, etc. which makes the demand for Global Hemp Market stronger. For example, a biotechnological company produces hemp-based period-care products and relievers for endometriosis for women. Additionally, there are probable growing opportunities for the hemp market as well, which is proved by the emerging Hemp-based electronic textiles which include wearable technology devices that easily detect body movements. However, this market is also facing some challenges like issues regarding regulatory agencies and complex registration policies and formalities. It also faces intellectual property rights issues due to its natural origin the producers do not have full exclusive rights on hemp cultivation, further states the research report, “Global Hemp Fiber Market Analysis, 2025.”

Global Hemp Fiber Market Segmentation Analysis

Long (Bast) Fibers Attracting a Wide Range of Customers

Based on the type, the market is further bifurcated into Long (Bast) Fibers and Short (Core) Fibers. Between these two, the long (bast) fibers hold the largest market share of more than 70%. The bast fibers have a natural origin due to which they are mainly utilized in the apparel industry, including clothing, footwear, uniforms, and house decor such as curtains, carpets, etc. Also, the long bast fibers have great strength and tenacity, so these do not easily deteriorate even under the water, hence used for making ropes, twines, and cords.

Additionally, the preference for organic footwear such as bathroom slippers and daily-use footwear, increases the demand in the market, which is a well-established sector. These traits make the fibers boom in the market. Moreover, the lightweight and rigidity of hemp fibers make them suitable for insulation purposes, including infrastructure and automobiles, leading to the growth of the market.

Asia-Pacific Shines in the Hemp Fiber Industry at Global Stage

Asia-Pacific region leads the market by more than 30% share. Within Asia-Pacific, China is the leading producer of hemp fibers. Due to the long historical cultivation, well-established infrastructure, and highly skilled labor in China, it became the hub for producing hemp-based products in the region. Additionally, the country’s government has never fully abolished the cultivation of hemp. As a result, it has become the largest exporter and producer of hemp derivatives and related products.

Also, in recent years (2023-2024), other than the exports, the number of imports for hemp fibers in China has increased significantly, and hemp fibers are the only hemp-based products that are currently imported easily into China without any specific investments in supplementary certificates and approvals from local and national authorities. For instance, as per the Trade Map, 2024, the total number of imports in China from other countries was approximately USD17.8 million. This has increased the trade of hemp fibers globally.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including 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, Enviro Textiles LLC., Hempro International, Ecofibre Inc., Valley Bio Ltd., Hemp Meds Brasil, Boring Hemp Company, and Others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?