openPR Logo
Press release

United States Industrial Hemp Market to Reach USD 8.7 Billion by 2033, Growing at 20.1% CAGR

02-18-2025 08:06 AM CET | Chemicals & Materials

Press release from: IMARC Group

United States Industrial Hemp Market to Reach USD 8.7 Billion

United States Industrial Hemp Market Overview

Market Size in 2024: USD 1.6 Billion

Market Forecast in 2033: USD 8.7 Billion

Market Growth Rate (2025-2033): 20.1%

United States industrial hemp market size reached USD 1.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 8.7 Billion by 2033, exhibiting a growth rate (CAGR) of 20.1% during 2025-2033. The growing demand for breathable and comfortable clothing options, increasing focus on maintaining a healthy lifestyle among people, and rising need to mitigate greenhouse gas (GHG) emissions and combat climate change represent some of the key factors driving the market.

Request Sample For PDF Report: https://www.imarcgroup.com/united-states-industrial-hemp-market/requestsample

United States Industrial Hemp Market Industry Trends and Drivers:

The United States industrial hemp market is experiencing significant growth, driven by increasing consumer demand for sustainable and eco-friendly products across various industries. The rising adoption of hemp-based materials in textiles, bioplastics, and construction is accelerating market expansion, as manufacturers seek renewable alternatives to traditional raw materials. Government initiatives supporting hemp cultivation and the relaxation of federal restrictions are further strengthening market dynamics, enabling farmers and businesses to explore new opportunities. The surge in research and development activities is fostering innovation, leading to improved hemp-derived products with enhanced properties and applications. Additionally, the growing awareness of hemp's versatility, including its use in personal care, food, and beverages, is broadening its market scope, making it an attractive investment opportunity for stakeholders.

A key driver of the United States industrial hemp market is the increasing demand for products in the health and wellness sector. The rapid expansion of the nutraceutical and pharmaceutical industries is propelling the adoption of hemp-derived recognized for its potential therapeutic benefits. Consumers are shifting towards plant-based solutions for pain management, anxiety relief, and overall well-being, prompting manufacturers to introduce innovative -infused formulations. Moreover, the legalization of hemp-based at the federal level is encouraging market participants to expand their product portfolios and distribution channels. Strategic collaborations between pharmaceutical companies, research institutions, and hemp cultivators are further enhancing product quality and accessibility, reinforcing the industry's long-term growth trajectory.

Sustainability concerns and advancements in agricultural technology are also shaping the United States industrial hemp market. Farmers are increasingly utilizing precision farming techniques, sustainable cultivation practices, and genetically optimized hemp varieties to maximize yield and quality. The crop's low environmental impact, including its ability to absorb carbon dioxide and improve soil health, is attracting interest from eco-conscious industries and policymakers advocating for green alternatives. Additionally, the integration of hemp into bioplastics, biofuels, and sustainable packaging solutions is positioning it as a crucial component of the circular economy. As consumer preferences shift towards sustainable products and regulatory frameworks continue to evolve, the industrial hemp market in the United States is set to witness robust expansion, offering diverse opportunities across multiple sectors.

United States Industrial Hemp Market Industry Segmentation: 

The report has segmented the market into the following categories

Type Insights:

Hemp Seed 
Hemp Oil
Hemp Fiber
Others

Source Insights:

Conventional
Organic

Application Insights:

Food and Beverages
Textiles
Personal Care Products
Pharmaceuticals
Others

Breakup by Region:

Northeast
Midwest
South
West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Ask Our Expert & Browse Full Report with TOC & List of Figure:  https://www.imarcgroup.com/request?type=report&id=20082&flag=C

Key highlights of the Report:

Market Performance (2019-2024)
Market Outlook (2025-2033)
COVID-19 Impact on the Market
Porter's Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

IMARC Group 

134 N 4th St. Brooklyn, NY 11249, USA 

Email: sales@imarcgroup.com 

Tel No:(D) +91 120 433 0800 

United States: +1-631-791-1145

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release United States Industrial Hemp Market to Reach USD 8.7 Billion by 2033, Growing at 20.1% CAGR here

News-ID: 3873255 • Views:

More Releases from IMARC Group

E-Bike Market Size, Share, Trends and Forecast by Mode, Motor Type, Battery Type 2025 - 2033
E-Bike Market Size, Share, Trends and Forecast by Mode, Motor Type, Battery Type …
The global E-bike market reached USD 26.4 Billion in 2024 and is set to expand to USD 45.5 Billion by 2033, driven by urbanization, government incentives, improving battery tech and rising demand for affordable, low-emission transport. Strong manufacturing in Asia Pacific, growing last-mile and commuter use, and greater adoption of pedal-assist and connected features are steering sustained growth at a 6.22% CAGR (2025-2033). Request for a sample copy of this report: https://www.imarcgroup.com/e-bike-market/requestsample STUDY
Agritourism Market Size, Share, Trends and Forecast by Tourist Type 2025 - 2033
Agritourism Market Size, Share, Trends and Forecast by Tourist Type 2025 - 2033
The Global Agritourism Market is experiencing robust expansion, driven by farmers seeking to diversify their income streams and a surging global consumer interest in authentic, sustainable travel experiences. Valued at approximately USD 73.2 Billion in 2024, the market is projected to reach USD 205.6 Billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 10.9% during the forecast period. This positive trajectory is further fueled by increased government support
Global Pickles Market Size, Trend: Type, Taste, Sales Channel Forecast 2025-33
Global Pickles Market Size, Trend: Type, Taste, Sales Channel Forecast 2025-33
Global pickles market valuation reached USD 12.5 billion in 2024 and is projected to climb to USD 16.8 billion by 2033, growing at a CAGR of 3.79%. Rising consumer demand for healthy, probiotic-rich snacks, expanding e-commerce access, and growing interest in ethnic flavors are fueling this expansion. Consumers increasingly seek convenient and flavorful food options, while manufacturers innovate with packaging and taste profiles to meet diverse preferences. Request for a sample
Sodium Metabisulfite Production Cost Analysis Report 2025: Feasibility Study and Profit Analysis
Sodium Metabisulfite Production Cost Analysis Report 2025: Feasibility Study and …
Sodium metabisulfite (Na2S2O5) is a white crystalline powder widely used as a disinfectant, antioxidant, preservative, and bleaching agent. It finds applications in water treatment, food preservation, pharmaceuticals, pulp and paper, and textile industries. Known for its strong reducing properties and ability to release sulfur dioxide, sodium metabisulfite helps prevent microbial growth, oxidation, and discoloration, making it an essential chemical for industrial, commercial, and food-related processes. A sodium metabisulfite plant requires sourcing

All 5 Releases


More Releases for United

AI Image Recognition Market Will Hit Big Revenues In Future | Google (United Sta …
According to HTF Market Intelligence, the Global AI Image Recognition market to witness a CAGR of 13.42% during the forecast period (2024-2030). The Latest Released AI Image Recognition Market Research assesses the future growth potential of the AI Image Recognition market and provides information and useful statistics on market structure and size. This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify
Movable Walls Market By Top Key Players- Hufcor (United States), Dormakaba (Swit …
Global Movable Walls Market Report from Advance Market Analytics (AMA) covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies for this market. The market characteristics section of the report defines and explains the market. The market size section gives the electronic equipment market revenues, covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external
Military Personal Protective Equipment Market 2024 | 3M Ceradyne (United States) …
Military personal protective equipment has become a crucial and standard element of soldier equipment. One of the major factor driving the market is the increasing role of ground troops in different parts of the world such as Iraq, Afghanistan and India among others. The demand for military personal protective equipment is anticipated to be driven by modernization initiatives undertaken by several large defense spenders globally and various internal security threats,
Internet of Things Market 2021 | Google Inc. (United States), Cisco Systems Inc. …
The Internet of Things refers to the network of physical objects that attribute an IP address for Internet connectivity. Internet of Things is defined as an invisible and intelligent network of things that communicate indirectly or directly with each other. Internets of Things enable communication between the physical objects and other internet-enabled systems and devices. In addition, Internet of Things also makes the life of consumers much more comfortable and
Logistics Market | Global Growing Industry Key Players - J.B. Hunt Transport Ser …
Market Research Reports Search Engine (MRRSE) has recently updated its massive research catalog by adding a new study, titled “Logistics Market”. The study offers a clear insight about the prevailing trends and innovations happening in the Logistics Market. Readers can further access details about research highlights and executive summary to gain a better idea about this assessment. The market overview covers key industry developments and market opportunity map during the
Global Logistics Market 2024 | Key Players : J.B. Hunt Transport Services (Unite …
A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Logistics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. Request for a sample of this research report @ https://www.mrrse.com/sample/2184 Logistics is