Hemp Fiber Market Report 2026

The hemp fiber market size has grown exponentially in recent years. It will grow from $20.96 billion in 2025 to $28.62 billion in 2026 at a compound annual growth rate (CAGR) of 36.5%. The growth in the historic period can be attributed to traditional use in textiles, early adoption in rope and industrial materials, rising interest in natural fibers, expansion of hemp cultivation, demand from paper and insulation industries.

The hemp fiber market size is expected to see exponential growth in the next few years. It will grow to $93.63 billion in 2030 at a compound annual growth rate (CAGR) of 34.5%. The growth in the forecast period can be attributed to growing demand for eco-friendly materials, increasing use of hemp composites in automotive sector, rising emphasis on biodegradable packaging, expansion of sustainable construction practices, increasing preference for organic fibers. Major trends in the forecast period include growing adoption of hemp fiber in sustainable fashion, rising demand for biodegradable hemp-based packaging, increased use of hemp fiber in automotive composites, expansion of hemp fiber utilization in construction materials, growing preference for organic hemp fiber production.

The growing legalization of industrial hemp cultivation is anticipated to drive the growth of the hemp fiber market in the coming years. Industrial hemp, derived from the Cannabis sativa plant species, is used worldwide to create a wide range of industrial and consumer products. It is cultivated for its fiber and seeds, which are essential for hemp fiber production. Consequently, the increasing legalization of industrial hemp is expected to boost hemp fiber production. For example, in February 2024, the Australian Institute of Health and Welfare, a government agency in Australia, reported that support for cannabis legalization rose to 45% in 2022-2023, marking the first instance where the percentage of individuals in favor of legalization surpassed the 39% who advocated for stricter penalties regarding the sale or supply of cannabis. Thus, the growing acceptance of industrial hemp cultivation is propelling the growth of the hemp fiber market.

Leading companies in the hemp fiber market are introducing new products, such as organic supplements, to address the rising demand for health-oriented and sustainable food options. Organic supplements are dietary products composed of ingredients cultivated without synthetic fertilizers, pesticides, or genetically modified organisms (GMOs), providing a natural and eco-friendly approach to health and wellness. For example, in May 2024, Manitoba Harvest, a Canadian company, launched a Bioactive Fiber Supplement featuring Brightseed’s upcycled hemp hulls. This supplement, made with upcycled hemp hulls, delivers 6 grams of fiber per serving to aid gut health and digestion. Exclusively available at Whole Foods, this organic, non-GMO, and vegan product promotes wellness through innovative bioactive ingredients.

In June 2023, Latvia-based cosmetic products company iCotton SIA acquired key assets of Hempress Hygienics Inc. for an undisclosed amount. This acquisition strategically positions iCotton in the U.S. market, aligning with its goal to emerge as a leading supplier of hemp-based and natural fiber-based hygiene products in both the U.S. and Europe. Hempress Hygienics Inc., a US-based personal care products manufacturing company, focuses on producing menstrual products using hemp fiber and other natural ingredients.

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.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on hemp fibers and processed hemp goods have raised import and production costs, particularly affecting textile, construction, and automotive composite segments that rely heavily on cross-border sourcing in regions such as Europe and North America. These tariffs can constrain raw material availability and slow manufacturing output, yet they may positively influence domestic hemp cultivation and local fiber processing industries by improving competitiveness, stimulating investment, and strengthening regional supply chains.

The hemp fiber market research report is one of a series of new reports that provides hemp fiber market statistics, including hemp fiber industry global market size, regional shares, competitors with a hemp fiber market share, detailed hemp fiber market segments, market trends and opportunities, and any further data you may need to thrive in the hemp fiber industry. This hemp fiber market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Hemp fiber is a robust natural fiber derived from the hemp plant in the cannabis family. Extracted from the plant's stem through a process called retting, these long strands are spun together to create continuous threads, which are then woven into textiles.

The primary types of hemp fiber are long (bast) fibers and short (core) fibers. Long (bast) hemp fiber refers to the soft woody fiber obtained from dicotyledonous plant stems, used for textiles and cordage. Different sources include organic and conventional, finding applications in food, beverages, personal care products, textiles, pharmaceuticals, and other industries.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.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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