Hemp Fiber Market Global Report 2026

The hemp fiber market size has grown rapidly in recent years. It will grow from $0.41 billion in 2025 to $0.48 billion in 2026 at a compound annual growth rate (CAGR) of 16.2%. The growth during the historic period can be attributed to traditional applications in textiles, early adoption in rope and industrial materials, growing interest in natural fibers, expansion of hemp cultivation, and increasing demand from the paper and insulation industries.

The hemp fiber market size is expected to see rapid growth in the next few years. It will grow to $0.84 billion in 2030 at a compound annual growth rate (CAGR) of 15.3%. Growth during the forecast period is expected to be driven by increasing demand for eco-friendly materials, growing utilization of hemp composites in the automotive sector, rising focus on biodegradable packaging, expansion of sustainable construction practices, and increasing preference for organic fibers. Key trends during the forecast period include increasing adoption of hemp fiber in sustainable fashion, rising demand for biodegradable hemp-based packaging, greater use of hemp fiber in automotive composites, expanding application of hemp fiber in construction materials, and growing preference for organic hemp fiber production.

The increasing legalization of industrial hemp cultivation is expected to propel the growth of the hemp fiber market going forward. Industrial hemp is derived from the plant species Cannabis sativa and is used globally to manufacture a range of industrial and consumer products. Industrial hemp is cultivated for its fiber and seeds, which are utilized in the production of hemp fiber. As a result, the increasing legalization of industrial hemp cultivation contributes to higher production of hemp fiber. For instance, in February 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, support for cannabis legalization increased to 45% in 2022-2023, marking the first time the proportion of people supporting legalization exceeded the 39% who favored increased penalties for cannabis sale or supply. Therefore, the increasing legalization of industrial hemp cultivation is driving the growth of the hemp fiber market.

Major companies operating in the hemp fiber market are focusing on developing new products, such as organic supplements, to address growing demand for health-focused and sustainable food options. Organic supplements are dietary products manufactured using ingredients cultivated without synthetic fertilizers, pesticides, or genetically modified organisms (GMOs), providing a natural and environmentally friendly approach to health and wellness. For instance, in May 2024, Manitoba Harvest, a Canada-based company, launched a Bioactive Fiber Supplement Featuring Brightseed’s Upcycled Hemp Hulls. Manitoba Harvest’s Bioactive Fiber Supplement, produced using upcycled hemp hulls, provides 6 grams of fiber per serving to support gut health and digestion. Available exclusively at Whole Foods, the organic, non-GMO, and vegan product promotes wellness through the use of innovative bioactive ingredients.

In June 2023, iCotton SIA, a Latvia-based cosmetic products company, acquired key assets of Hempress Hygienics Inc. for an undisclosed amount. Through the acquisition of Hempress Hygienics, iCotton strategically expanded its presence in the US market, supporting its objective of becoming a leading supplier of hemp-based and natural fiber-based hygiene products across the US and Europe. Hempress Hygienics Inc. is a US-based personal care products manufacturer that produces menstrual products using hemp fiber and other natural materials.

Major companies operating in the hemp fiber market are Shenyang Beijiang, BaFa Holding, Plains Industrial Hemp Processing, Industrial Hemp Manufacturing, Hemp Planet, Konoplex, Kingdom Holdings, Ecofibre, CanvaLoop Fibre, HempFlax, Dunagro, Envirotextiles, Hempfortex, Parkland Industrial Hemp Growers, Hemp Inc., Natural Fiber Technologies, HempAge, Hempro Int., Hempy’s, Shanxi Greenland Textile, Hempline.

Asia-Pacific was the largest region in the hemp fiber market in 2025. The regions covered in the hemp fiber market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the hemp fiber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The hemp fiber consists of sales of hemp grain and hemp seed. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The market value includes the value of related goods sold by the service provider or included within the service offering.

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