Top Manufacturing Companies in Industrial Hemp Market

The worldwide industrial hemp industry size reached USD 6.2 Billion in 2024 and is expected to reach USD 20.9 Billion by 2033, with a strong CAGR of 14.5% from 2025-2033. This is majorly due to growing consumer demand for environmentally friendly and sustainable products and favorable government policies in most countries supporting the growth of hemp cultivation and use. Industrial hemp is fast emerging as a multipurpose raw material with uses in a variety of industries such as textiles, personal care, nutraceuticals, and food processing.

Growth in awareness of the environmental and health benefits of hemp-based products has driven consumer acceptance worldwide. Hemp fibers are being used more in textiles and industrial fabrics because of their strength and degradability, whereas hemp seeds, oils, and protein powders are finding application in food and nutraceutical markets. In addition, cannabidiol (CBD) product development for personal care and medicinal purposes has bolstered market demand. Technological innovation in hemp processing and growth of digital and e-commerce platforms has further increased market accessibility to drive growth across the regions.

The sustainability value of the market is considerable, with hemp planting needing less inputs than traditional crops and adding to soil quality and carbon capture. With its broad uses and expanding consumer receptivity, the industrial hemp market has the potential for dramatic expansion through 2033 as it becomes a prime sector of the global move toward health-oriented, sustainable products.

Request Free Sample Report: https://www.imarcgroup.com/industrial-hemp-market/requestsample

Top Companies Operating in the Industrial Hemp Industry:

The global industrial hemp market has several major players including Aurora Cannabis Inc., Blue Sky Hemp Ventures Ltd., Ecofibre Limited, Fresh Hemp Foods Ltd., Hemp Inc, HempFlax Group B.V., Hempro International GmbH, Ind Hemp LLC, MH medical hemp GmbH, Panda Biotech LLC, Parkland Industrial Hemp Growers Co-op. Ltd., South Hemp, Valley Bio Limited.

1. Aurora Cannabis Inc.

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.

2. Blue Sky Hemp Ventures Ltd.

Blue Sky Hemp Ventures Ltd. is a vertically integrated industrial hemp corporation with expertise in cultivating, processing, and selling hemp products throughout North America. The business model of the company covers hemp farming, fiber processing, and producing hemp-derived materials for use in construction, textile, and consumer products. Blue Sky has created proprietary processing methods to maximize fiber quality and reduce the environmental footprint by recycling water and through energy-efficient processes. The innovation thrust of the company lies in creating new applications for hemp fiber and enhancing processing efficiency with technology development. Its global reach is expanded through collaborations with manufacturers and distributors, providing customers in the construction material, automotive, and textile sectors access to sustainable material solutions.

3. Ecofibre Limited

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.

4. Fresh Hemp Foods Ltd.

Fresh Hemp Foods Ltd., trading as Manitoba Harvest, is a leader in hemp foods and the largest hemp food processor in North America. Fresh Hemp Foods has expertise in manufacturing hemp hearts, hemp oil, hemp protein powder, and other nutritional hemp foods for retail and industrial users. Fresh Hemp Foods has cultivated state-of-the-art processing technologies that maintain hemp's nutritional integrity while providing guarantees for food safety and quality requirements. The company's innovation direction involves creating new hemp-derived functional food ingredients and broadening applications within plant-based protein markets. Their sustainability efforts include promoting regenerative agriculture practices among Canadian hemp farmers as well as using environmentally friendly processing techniques. With distribution channels across North America and global markets, Fresh Hemp Foods caters to health-focused consumers, food companies, and nutrition businesses looking for quality hemp-derived ingredients.

5. Hemp Inc

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.

6. HempFlax Group B.V.

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, construction, 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.

7. Hempro International GmbH

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 hemp. 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.

8. Ind Hemp, LLC

Ind Hemp, LLC is an industrial hemp firm dedicated to hemp genetics, cultivation advice, and processing services catering to the emerging U.S. hemp industry. The firm's business model revolves around offering total hemp solutions, such as seed genetics, cultivation advice, and processing services for farmers and manufacturers entering the hemp industry. Ind Hemp has cultivated hemp genetics selection and cultivation optimization expertise to enable farmers to yield maximum while ensuring quality. Its innovation strengths are in creating region-specific varieties of hemp and the application of precision agriculture methods to enhance cultivation efficiency. Ind Hemp's sustainability efforts are centered on propagating regenerative agriculture practices and assisting American farmers making a shift to cultivating hemp. With activities mainly in the southeastern United States, Ind Hemp provides farmers, processors, and manufacturers with dependable hemp supply chain services and cultivation knowledge.

9. MH medical hemp GmbH

MH Medical Hemp GmbH 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.

10. Panda Biotech, LLC

Panda Biotech, LLC is an industrial hemp firm based in America that concentrates on large-scale hemp processing and the creation of hemp-based industrial materials. The firm has cutting-edge processing plants capable of high-capacity hemp processing for different industrial uses, such as construction materials, auto parts, and special fibers. Panda Biotech's technological capabilities involve automated processing equipment and advanced fiber separation technologies that optimize material yield and quality. The firm has made investments in sustainability practices that enhance the environmental advantages of hemp, such as carbon sequestration and enhanced soil health through growing hemp. Their product innovation emphasis is on creating novel applications for hemp hurds and fibers in industrial manufacturing processes. With operations in the USA and broadening market penetration, Panda Biotech provides construction firms, automobile manufacturers, and industrial material suppliers with sustainable, hemp-based substitutes for conventional materials.

11. Parkland Industrial Hemp Growers Co-op. Ltd.

Parkland Industrial Hemp Growers Co-op Ltd., based in Canada, is a farmer-owned cooperative dedicated to cultivating, processing, and marketing industrial hemp. The co-op emphasizes sustainable agriculture, innovation, and value-added hemp products, including food, fiber, and oilseed applications. By supporting growers with resources and market access, Parkland plays a pivotal role in advancing the Canadian hemp industry.

12. South Hemp

South Hemp is a industrial hemp company that specializes in hemp cultivation, processing, and product development across the Mediterranean region. The company operates integrated facilities that process hemp into fibers, hurds, seeds, and specialized hemp-based materials for various industrial applications. South Hemp's business focus encompasses sustainable hemp production methods adapted to Mediterranean growing conditions and the development of hemp products tailored to European market requirements. The company has invested in technological innovations including precision processing equipment and quality control systems that ensure consistent product specifications. Their sustainability initiatives emphasize water-efficient cultivation practices and renewable energy use in processing operations. South Hemp's global presence extends through export relationships with European and international customers, serving construction material manufacturers, textile producers, and food companies seeking Mediterranean-grown hemp products. The company's customer segments include sustainable building material suppliers and specialty food ingredient distributors.

13. Valley Bio Limited

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