Industrial Hemp Market Growth Analysis - Forecast Trends and Outlook (2026-2035)

Competitive Landscape

The industrial hemp market players like Ecofibre, HempFlax, and Aurora Cannabis are leveraging proprietary genetics and sustainable farming contracts. Startups are targeting value-chain gaps, like Green Boom recycles hemp waste into oil-spill absorbents. Partnerships between pharma companies and organic hemp farmers are growing, especially in EU and Japan.

Tech-driven industrial hemp companies are introducing mobile decorticators and AI-based strain selection tools. Investment in bio-refineries and blockchain-backed traceability platforms by private players, are increasing in numbers. Construction-grade hempcrete, automotive bio-composites, CBD innovations, personal care formulations, and SAF feedstock applications are some of the key trends that firms are currently focusing on. M&A activity is also increasing, particularly in CBD wellness and eco-construction verticals, as firms aim to control input-to-retail pipelines. Innovation in formulation, compliance, and end-use tailoring remains central.

Key Players

Terra Tech Corp.

Founded in 2008, and established in the United States, Terra Tech Corp. had permanently merged with the Unrivaled brand in 2021. Unrivaled is a leading cannabis operator from various states and is also a parent company of multiple dominant cannabis brands spanning consumer products, cultivation, distribution, and retail. The brand markets itself by focusing on customer experience, product innovation, and organic brand building. The Unrivaled brand has currently set its bases at locations such as California, Oregon, and Nevada, and their brands are licensed in Arizona and Oklahoma.

Hemp, Inc.

Hemp, Inc., established in the United States, is a publicly traded company founded to provide eco-friendly solutions that help make the world a better place to live in. The company focuses on helping the environment by ensuring that its products remain eco-friendly, healthy, and replace the petroleum-based products. Hemp, Inc. has been a pioneer of the industrial hemp market worldwide even though it is yet to be legalised in several countries, including the United States of America.

HempFlax B.V.

Founded in 1993, HempFlax, one of the leading players in the industry, was founded with a singular aim of restoring the age-old crop back to its glory, which they’ve been successful in doing so, thereby creating a high demand for high-quality hemp products. They have their cultivation plants established at multiple locations, including the Netherlands, Germany, and Romania, and their factories have been setup at places such as Oude Pekela, Netherlands, and Alba Lulia, Romania.

Hemp Oil Canada

Founded in 1998, Hemp Oil Canada is Canada’s first hemp-exclusive seed processing unit and since then it has been able to establish itself among the market leaders globally. The company focuses on expanding the availability of hemp foods and building new markets to support its cause. The company’s export has now been established globally from their two state-of-art processing facility in Manitoba, Canada, and currently are the only available North American grown Hemp product suppliers for their customers.

Other key players in the market are Hemp Growers Cooperative Ltd., CBD Biotechnology Co., Botanical Genetics, LLC, Marijuana Company of America Inc., HempMeds Brasil, American Cannabis Company, Inc., Industrial Hemp Manufacturing, LLC, American Hemp, Boring Hemp Company, Plains Industrial Hemp Processing Ltd., Ecofiber Industries Operations, Valley Bio Limited, Manitoba Harvest Hemp Foods, Bombay Hemp Company Private Limit, HPS Food & Ingredients Inc., among others.

Industrial Hemp Market Report Snapshots

Industrial Hemp Market