Top Manufacturing Companies in Industrial Hemp Market

The global industrial hemp market size reached US$ 5.4 Billion in 2023. In earlier times, industrial hemp, or cannabis sativa, was cultivated in the form of a fiber source. Whereas, presently, it is cultivated for both medicinal and recreational purposes. Different parts of an industrial hemp plant have varying applications, such as fibers for textiles, industrial textiles, and other industrial products; leaves for farming and landscaping; hemp oil for foods and personal care; and seeds for protein flour, animal feed, and seed cake. In various countries, the manufacturing of industrial hemp requires permits from regulatory authorities. For instance, in the United States (US), manufacturers must obtain permit from the Drug Enforcement Agency (DEA). Other than this, manufacturing companies are increasingly investing in the market on account of the escalating demand for eco-friendly products and implementation of favorable policies by governments of different countries. Looking forward, IMARC Group expects the market to reach US$ 19.7 Billion by 2032, exhibiting a growth rate (CAGR) of 15.1% during 2024-2032.

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List of Top Industrial Hemp Companies in the World:

Aurora Cannabis

Established: 2006
Headquarter: Canada
Website: www.auroramj.com   

Aurora Cannabis is one of the largest manufacturers and distributors of medical cannabis. It offers a wide range of products through numerous consumer and medical brands. Amongst these, medical brands of the company include CanniMed, MedReleaf, Aurora, and WMMC. Other than this, consumer brands include San Rafael ’71, Daily Special, Aurora Drift, Whistler Cannabis Co., AltaVie, and Woodstock.

Boring Hemp Company

Established: 2017
Headquarter: United States
Website: www.boringhempco.com        

Boring Hemp Company os a family-owned corporation based in Boring, Oregon. It particularly specializes in the production of hybrid industrial hemp. The product contains low to nil tetrahydrocannabinol (THC), which is a psycho-active compound. The company is an official development assistance-certified (ODA) grower and dealer of industrial hemp.

Ecofibre Limited

Established: 2009
Headquarter: Australia
Website: www.ecofibre.com     

Together with its subsidiaries, Ecofibre mainly deals in the growing, marketing, selling, breeding, and manufacturing hemp products across Australia, and the US. Its business segments include Ananda Food, Ananda Hemp, Ananda Professional, and Hemp Black. The company offers a range of topical creams and salves, and nutraceutical products for pet and human consumption. Other than this, it manufactures cannabidiol (CBD) products, and hemp food items, such as de-hulled hump seed, protein powders, and hemp oil.

Hemp Inc

Established: 2008
Headquarter: United States
Website: www.hempinc.com    

Hemp, Inc is a development stage company that operates in the manufacturing and sales of industrial hemp. It also offers clean and green sustainable products. The company’s portfolio includes pre-rolls, caviar or moon rocks, and Bubba Kush hemp. Hemp, Inc also produces lost circulation material (LCM), known as DrillWall. This material is supplied to the oil and gas industry for drilling purposes. Along with this, it markets Spill-Be-Gone, an industrial kenaf-hemp product, which is used as an all-green natural oil spill absorbent.

HempFlax Group B.V.

Established: 1993
Headquarter: The Netherlands
Website: www.hempflax.com

HempFlax is one of the leading industrial hemp companies across the globe. It deals in the production and sales of affordable natural hemp products. Its products are supplied for industrial, constriction, animal care, nutraceuticals, horticulture, and genetics and cultivation applications. Other than products, the company also offers the equipment for processing and harvesting, including high-tech machines with in-house developed and state-of-the-art HempFlax technology.

Hempro International GmbH

Established: 1995
Headquarter: Germany
Website: www.hempro.com

Hempro International is one of the leading companies in the wholesale and production of a wide range of end products and raw materials made from help. The collection of end products includes hemp accessories, hemp food, hemp textiles, and hemp cosmetics. On the other hand, raw materials offered by Hempro International include whole hemp nuts, hulled hemp nuts, hulled roasted hemp nuts, hemp oil, hemp flour, hemp protein powder, hemp fiber, and hemp leaves.

MH medical hemp GmbH

Established: 1995
Headquarter: Germany
Website: www.medicalhemp.com

MH Medical Hemp is a technologically and innovative company that specializes in the marketing, extraction, and production of hemp-based CBD and products with CBD. The company supplies its products to the pharmaceutical, cosmetics, and food industries. It is a certified member of European Industrial Hemp Association, Cannabis Business Industry Association (BVCW) E.V., Medicinal Cannabis Europe, and Initiative Pro CBD.

Parkland Industrial Hemp Growers Co-op. Ltd.

Established: 1999
Headquarter: Canada
Website: www.pihg.net

PIHG was started with a group of farmers based in Parkland, Canada. They supply certified seed to International and Canada-based farmers. It offer 10 seed varieties of CBD that are registered with the Canadian Seed Growers Association (CSGA), including Canda, and Joey.

South Hemp Tecno srl

Established: 2013
Headquarter: Italy
Website: www.southemp.it       

South Hemp Tecno mainly deals in the cultivation and harvesting of industrial hemp for craft, industrial, and agricultural economies. Its product portfolio consists of hemp shives, fiber, and mulch. The company also offers various services, which include supply of EU certified seed, removal and processing of straw, and drying, cleaning and seeds sales.

Valley Bio Limited

Established: 2007
Headquarter: Canada
Website: www.valleybio.com   

Valley Bio is one of the largest manufacturers of industrial hemp across the globe. It is a family-owned corporation that is engaged in the growing, cleaning, and selling of hemp seeds. The company offers hemp hurd and hemp oil.

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the industrial hemp industry, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:

• Market Research
• Plant setup
• Plant Expansion
• Marketing and sales
• Procurement and Distribution
• Innovation and Product Development