#Market Analysis & Forecasts

2021-10-07

Worldwide industrial hemp industry to 2028 - Featuring ecofibre, hemp oil Canada and Dun Agro hemp among others

The "Industrial Hemp Market Size By Type, Application, By Sources, By Geographic Scope And Forecast" report has been added to ResearchAndMarkets.com's offering.

The global industrial hemp market was valued at USD 5,584.62 Million in 2020 and is projected to reach USD 25,603.00 Million by 2028, growing at a CAGR of 13.57% from 2021 to 2028.

The Industrial Hemp Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Industrial Hemp Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Increasing application usage in personal care, food & beverage, textile, and biocomposite industries is projected to drive industrial hemp market size. The rise in hemp oil demand on account of high essential fatty acids content which prevents and alleviates ailments is the factor contributing to industry growth from the food & beverage sector.

This report provides an all-inclusive environment of the analysis for the Industrial Hemp Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Industrial Hemp Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter's Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Industrial Hemp Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Industrial Hemp Market.

Market Dynamics

Drivers

• Rising Awareness Among the Consumers About the Benefits of Industrial Hemp

• Functional Properties of Hemp Seed and Hemp Seed Oil, and Their Increased Use in Different Food Applications

Restraints

• Complex Regulatory Structure for the Usage of Industrial Hemp

Opportunities

• Rising Application of Industrial Hemp in Diverse Industries Such as Textile, Pharmaceutical, Food, Beverage, Personal Care, Construction & Material, Furniture, and Paper

Company Profiles

• Ecofibre

• Hemp Inc

• Hemp Oil Canada

• Gencanna

• Hempflax Group B.V

• Konoplex Group

• Bafa - Badische Naturfaseraufbereitung

• Hempoland

• Dun Agro Hemp Group

• Medical Marijuana, Inc.

For more information about this report visit:

https://www.researchandmarkets.com/r/78bjkx

Texprocess 2026: Automation, digitalisation and AI redefine textile processing

Making investment decisions in textile processing has become significantly more demanding. Increasing energy costs, a shortage of skilled labour and ongoing geopolitical uncertainties are compelling companies to focus on technologies that deliver clear gains in efficiency and process reliability. This applies equally to apparel manufacturing and to the processing of technical textiles and high-performance materials. As a result, modernisation initiatives are assessed more carefully – even as the need to upgrade production systems continues to intensify.

Techtextil 2026: Between innovation pressure & market reality

From 21 to 24 April 2026, Techtextil in Frankfurt am Main will once again become the central meeting point for the international technical textiles and nonwovens industry. Running in parallel, Texprocess will focus on the industrial implementation of textile processing technologies as the leading platform in this field. Together, the two trade fairs form a closely integrated presentation and working platform along the entire textile value chain – from material development to finished applications.

Between geopolitical pressure and industrial resilience

In this interview, Dr. Janpeter Horn (VDMA) discusses the current challenges facing textile machinery manufacturers, shaped by geopolitical tensions, regulatory developments and subdued investment. He also outlines why innovation strength, integrated solutions and strategic positioning remain key to global competitiveness.

Fluff pulp market maintains steady growth

Despite being impacted by political and economic woes, the global fluff pulp market in 2024 will reach 7.3 million air dried tonnes with a value of $9.7 billion, according to a new Smithers produced study, The Future of Fluff Pulp to 2029. This is up from 6.2 million air dried tonnes valued at $5.5 billion in 2019.

Economic and geopolitical headwinds influence industrial nonwovens growth to 2029

The global consumption of industrial nonwovens in 2024 is 5.3 million tonnes or 83.4 billion square metres (m2), valued at $21.2 billion, according to The Future of Industrial Nonwovens to 2029 from Smithers. Growth rates for 2019-24 were 6.9% (tonnes), 6.9% (m2) and 6.7% ($). This reflects a recovery in some markets from Covid-19 as well as an adjustment to the Russian invasion of Ukraine in 2022 and its repercussions (inflation, energy supply/price, global economic growth reductions).

Eastman Naia™ debuts at Kingpins Amsterdam, transforming Denim from the inside out

At Kingpins Amsterdam (April 15–16, 2026), Naia™ by Eastman Chemical Company makes its debut, presenting its approach to circularity and comfort in denim at Stand 1, Ground Level (Blue Area). The brand also highlights its growing global ecosystem, connecting mill partners, designers and brands working to expand denim possibilities through fiber innovation.

ISKO introduces a new chapter of denim innovation at Kingpins Amsterdam with FW 27/28

At Kingpins Amsterdam, ISKO presents its latest FW27/28 collection, a forward-looking exploration of denim that merges advanced color technologies, innovative fabric engineering, and contemporary finishing techniques. Designed to meet the evolving demands of the industry, the collection reflects ISKO’s commitment to pushing the boundaries of authenticity, performance, and responsible innovation, while also embracing a strong lifestyle perspective.

Asahi Kasei Advance to showcase high-performance non-woven and fibers at Techtextil 2026

Asahi Kasei Advance will present its portfolio of high-performance nonwovens, flame-retardant fabrics, and advanced textile and fiber solutions designed for various industries during its first-ever exhibition at Techtextil 2026. Techtextil is the leading international trade show for technical textiles and nonwovens, taking place from April 21-24, 2026, in Frankfurt, Germany. Asahi Kasei Advance will highlight 14 brands, with special focus on four key materials as its debut at the exhibition in Hall 12.1 at booth C35.

VEIT Group presents product highlights and innovations at Texprocess 2026

At Texprocess 2026 in Frankfurt am Main (April 21–24, Hall 8.0, Stand A18), the VEIT Group presents its latest solutions and product highlights for the industrial production of clothing and the processing of technical textiles. The focus is on efficient technologies for ironing, pressing, fusing, laminating and textile refinishing processes, covering applications from the apparel industry through to technical textiles as well as interior and automotive sectors.