Hemp Fiber Market Size to Surge at USD 36 Billion by 2030 | Top Companies Hemp Inc., Dun Agro

NEW YORK - April 18, 2025 - PRLog -- The Global Hemp Fiber Market is set to experience remarkable growth, from approximately USD 11 billion in 2024 to an expected USD 36 billion by 2030, representing a compound annual growth rate (CAGR) of 22% during the forecast period. This growth is fueled by rising consumer demand for sustainable products and progressive legal reforms globally.

Hemp Fiber Market Statistics:

• Market Value in 2024: USD 11 Billion
• Projected Market Value in 2030: USD 36 Billion
• CAGR (2025-2030): 22%
• Dominant Application Segment: Textiles (30% market share)
• Long (Bast) Fibers Market Share: Over 70%

Hemp Fiber Industry Trends:

Hemp-Based Electronic Textiles Gaining Traction – With the rising awareness of sustainable, reusable, and durable resources for industrial purposes, hemp fibers have become a suitable option due to their natural origin. This results in the increased shelf-life of products made up of hemp fibers. As per a recent research report, in 2023, electronic textiles are gaining popularity in wearable technology, in which the hemp fibers are coated on graphene oxide and polypyrrole. These are biocompatible for making an electrode that signals to the tracer device according to the body movements, an alternative to replace synthetic textiles, and to improve the quality. There is a need for a natural alternative with more tensile strength and biodegradable properties that make these hemp-based products to be in high demand. Thus, hemp fiber has become the trending alternative for replacing traditional fiber alternatives.

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Top Companies in the Market:

• Hemp Inc.
• Hemp Flax Group B.V.
• Konoplex LLC
• Dun Agro Hemp Group
• South Hemp SpA
• American Hemp LLC and more...

Hemp Fiber Market Segmentation:

By Application:

• Textiles (Clothing, Home Goods, Footwear)
• Pulp & Paper
• Composite Material
• Insulation
• Animal Bedding
• Bio Composites
• Construction Materials

By Type:

• Long (Bast) Fibers
• Short (Core) Fibers

By Source:

• Organic
• Conventional

Growth Forecast and Regional Insights:

The Asia-Pacific region commands the largest share, with China being a major producer and exporter due to its long-standing cultivation practices. North America and Europe are also witnessing significant market opportunities driven by reformative regulations.

Challenges:

Despite robust growth prospects, challenges such as regulatory complexities and high production costs may hinder market expansion. Variability in THC regulations presents barriers to trade, contributing to the operational difficulties faced by businesses in the hemp sector.

Conclusion:

The Global Hemp Fiber Market is poised for substantial growth, driven by sustainability trends and innovation. The insights from the research report provide valuable guidance for stakeholders seeking to navigate this evolving landscape effectively.

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