Hemp Hurd Market size is estimated to be USD 250 Million in 2024 and is expected to reach USD 1.2 Billion by 2033 at a CAGR of 19.5% from 2026 to 2033.
The global Hemp Hurd market was valued at approximately USD 1.5 billion in 2022 and is expected to register a compound annual growth rate (CAGR) of 10.4% from 2023 to 2030. Hemp hurd, a byproduct of hemp processing, is gaining traction in industries such as construction, textiles, and agriculture due to its sustainable and eco friendly properties. The growing demand for sustainable materials in construction and the rising awareness about environmental concerns are key drivers behind the expansion of this market. With increased interest in hemp as a renewable resource for biocomposite materials, the market is poised for significant growth over the forecast period, driven by continued innovation and product development. The Hemp Hurd market size is expected to surpass USD 4.6 billion by 2030, reflecting the growing trend toward green alternatives in manufacturing and construction sectors.
Regionally, North America dominated the Hemp Hurd market in 2022, accounting for a significant share of approximately 35%. The expansion of the hemp industry in the U.S. and Canada, driven by regulatory changes favoring hemp cultivation and production, has fostered market growth in this region. Europe followed closely, holding around 30% of the market share, as several European countries have invested in hemp farming and sustainable building materials. Asia Pacific, with emerging markets like China and India, is expected to witness the highest CAGR of over 12% during the forecast period, driven by growing demand for eco friendly materials and government support for hemp cultivation. Additionally, Latin America and the Middle East & Africa are also expected to experience moderate growth, as regional regulations become more favorable to hemp production and sustainable materials.
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NATŪRALUS PLUOŠTAS
Schönthaler
HempFlax
American Hemp
South Hemp Tecno
Sunstrand
Hemptopia
Plains Industrial Hemp Processing
Colorado Cultivars
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Hemp Hurd Market
Construction
Textiles
Pulp and Paper
Bio-composites
Automotive
Raw Hemp Hurd
Processed Hemp Hurd
Hemp Hurd Pellets
Hemp Hurd Boards
Hemp Hurd Insulation
Building and Construction
Animal Bedding
Furniture Manufacturing
Packaging Material
Soil Conditioning
Direct Sales
Online Retail
Wholesale Distribution
Specialty Stores
Trade Shows and Expositions
Residential Customers
Commercial Customers
Industrial Customers
Agricultural Sector
Government and Educational Institutions
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Hemp Hurd Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Hemp Hurd Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hemp Hurd Market, By Type
6. Global Hemp Hurd Market, By Application
7. Global Hemp Hurd Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Hemp Hurd Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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