Industrial Hemp Market

Top Companies in Industrial Hemp Industry - Curaleaf Holdings, Inc. (US), Canopy Gowth Corporation (Canada) and Ecofibre Ltd (Australia)

The industrial hemp market is estimated at USD 11.03 billion in 2024 and is projected to reach USD 30.24 billion by 2029, at a CAGR of 22.4% from 2024 to 2029. Increasing investments in research and development are driving the industrial hemp market, which unlocks new applications and enhances product quality. The rising interest in hemp as a rotational crop also contributes to increasing adoption among farmers because of its ability to enhance soil health and support sustainable agriculture. It also opens new avenues for the demand of biodegradable and renewable raw materials for industries such as packaging and automotive. Strategic collaboration between the key players and improvements in extraction technologies are further driving efficiency and innovation, thereby making hemp a versatile commodity with high potential.

Top 10 Companies in the Industrial Hemp Market

  • Curaleaf Holdings, Inc. (US)
  • Green Thumb Industries (US)
  • Canopy Growth Corporation (Canada)
  • AURORA CANNABIS INC. (Canada)
  • The Cronos Group (Canada)
  • Ecofibre Ltd (Australia)
  • HempFlax Group B.V. (Netherlands)
  • Dun Agro Hemp Group (Netherlands)
  • Fresh Hemp Foods Ltd. (Canada)
  • GenCanna (US)

To know about the assumptions considered for the study download the pdf brochure

Curaleaf Holdings, Inc. (US)

Curaleaf Holdings is one f the leader in cannabis consumer products. The company’s strength lies in a high growth trajectory, quality, expertise, and reliability for brands across Curaleaf, Select, and Grassroots. Both medical and adult-use markets are served with the brand operating in 17 US states with 147 dispensaries. Curaleaf International is the largest vertically integrated cannabis company in Europe, offering a robust supply and distribution network supported by advanced research, cultivation, extraction, and production capabilities.

Canopy Growth Corporation (Canada)

Canopy Growth Corporation operates as a leading cannabis and hemp company with core operations in Canada, Germany, and Australia. The company offers a comprehensive portfolio of cannabis products across various formats, including premium dried flower, pre-rolled joints, oils, Softgel capsules, edibles like gummies, infused beverages, topicals, and vaporizer devices, catering to consumers worldwide. Canopy Growth's medical cannabis offerings are led by its primary brand, Spectrum Therapeutics, alongside the recently launched Canopy Medical in select international markets.

Ecofibre Ltd (Australia)

Ecofibre is a diversified company with a portfolio of advanced manufacturing and technology businesses operating in the US and Australia. Its operations are vertically integrated across three core areas: sustainable polymers and natural materials, natural healthcare, and hemp seed genetics. The company also holds a majority interest in a life sciences business focused on developing treatments for malignant and non- malignant gynecological diseases. Ecofibre Advanced Technologies specializes in performance yarn extrusion, polymer compounding, sustainable materials, and bioplastics, driving innovation in advanced manufacturing. Ecofibre's subsidiaries include Ananda Health, a leading US manufacturer of cannabinoid-based health products for humans and pets. Ecofibre Genetics is a global leader in hemp seed genetics, supplying the fiber and grain industry in the US and Australia.

Related Reports:

Industrial Hemp Market by Type (Hemp Seed, Hemp Seed oIl, CBD Hemp Oil, Hemp Bast, Hemp Hurd), Source (Conventional, Organic), Application (Food & Beverages, Textiles, Pharmaceuticals, Personal Care Products), and Region - Global Forecast to 2029

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Industrial Hemp Market Size,  Share & Growth Report
Report Code
FB 7182
RI Published ON
1/7/2025
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