Dublin, April 18, 2025 (GLOBE NEWSWIRE) -- The "North America and Oceania Industrial Hemp Market Size, Share & Trends Analysis Report 2025-2030" has been added to ResearchAndMarkets.com's offering.
The North America and Oceania industrial hemp market size is estimated to reach USD 7.23 billion by 2030, registering a CAGR of 20.5% from 2025 to 2030. Increasing R&D activities in the agricultural sector to advance new genetics and agronomy of the product to get high yield is likely to have a positive impact on the production of industrial hemp in North America and Oceania.
The political link between marijuana and industrial hemp has led to several restrictions on consumption, cultivation, distribution, and processing of the product in North America and Oceania. However, growing legalization and liberalization for the cultivation of industrial hemp with tetrahydrocannabinol (THC) content not more than 0.3 in countries such as the U.S. is expected to have a positive impact on the market growth in North America and Oceania. Seed oil and seedcakes are witnessing increasing demand owing to high nutritional value and fatty acid content of seeds, which, in turn, is expected to drive the growth of seeds segment.
Processing facilities extract required components from crops with the help of processing and manufacturing equipment. However, low yield, lack of harvesting innovations, and processing facilities, and difficulties in the transportation of industrial hemp in highly regulated markets are the factors hampering the market growth in North America and Oceania. Major players in the market are investing heavily in the research & development activities to achieve high yields and to maintain high-quality products at minimum prices to gain a competitive edge.
Industrial hemp is used in over 25,000 products across numerous end-use industries. These include automotive, construction, personal care, cosmetics, food & beverages, food supplements, textiles, and paper, among others. This is owing to the inherent advantageous characteristics of industrial hemp such as strength, durability, biodegradability, light weight, and low production costs.
North America and Oceania Industrial Hemp Market Report Highlights
- he seeds segment dominated the industry and accounted for the largest revenue share in 2024, primarily driven by increasing demand for plant-based and sustainable products.
- The shives segment is expected to progress at a CAGR of 17.2% in terms of revenue over the forecast period, owing to its rising use in animal bedding materials due to its high absorption ability.
- Automotive is expected to be the fastest growing segment with a significant CAGR over the forecast period, owing to hemp's potential to reduce vehicle weight and carbon footprint.
- North America accounted for the largest revenue share in 2024, driven by the rising demand for sustainable products, especially in textiles and construction.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This Report Addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Key Attributes
| Report Attribute | Details |
| No. of Pages | 80 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $2.35 Billion |
| Forecasted Market Value (USD) by 2030 | $7.23 Billion |
| Compound Annual Growth Rate | 20.5% |
| Regions Covered | Asia Pacific, North America |
Key Topics Covered
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. North America and Oceania Industrial Hemp Market Variables, Trends & Scope
3.1. North America and Oceania Industrial Hemp Market Outlook
3.2. Industry Value Chain Analysis
3.3. Application Overview
3.4. Regulatory Framework
3.4.1. Policies and Incentive Plans
3.4.2. Standards and Compliances
3.4.3. Regulatory Impact Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.6. Porter's Five Forces Analysis
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Substitution Threat
3.6.4. Threat from New Entrant
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Social Landscape
3.7.4. Technological Landscape
3.7.5. Environmental Landscape
3.7.6. Legal Landscape
Chapter 4. North America and Oceania Industrial Hemp Market: Product Outlook Estimates & Forecasts
4.1. North America and Oceania Industrial Hemp Market: Product Movement Analysis, 2024 & 2030
4.1.1. Seeds
4.1.2. Fiber
4.1.3. Shives
Chapter 5. North America and Oceania Industrial Hemp Market: Application Outlook Estimates & Forecasts
5.1. North America and Oceania Industrial Hemp Market: Application Movement Analysis, 2024 & 2030
5.1.1. Animal Care
5.1.2. Textiles
5.1.3. Automotive
5.1.4. Furniture
5.1.5. Food & Beverages
5.1.6. Paper
5.1.7. Construction Materials
5.1.8. Personal Care
5.1.9. Other
Chapter 6. North America and Oceania Industrial Hemp Market Regional Outlook Estimates & Forecasts
6.1. Regional Snapshot
6.2. North America and Oceania Industrial Hemp Market: Regional Movement Analysis, 2024 & 2030
6.3. North America
6.3.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.3.2. Market Estimates and Forecast, by Product, 2018-2030 (Kilotons) (USD Million)
6.3.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
6.3.4. U.S.
6.3.5. Canada
6.3.6. Mexico
6.4. Oceania
6.4.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.4.2. Market Estimates and Forecast, by Product, 2018 030 (Kilotons) (USD Million)
6.4.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
6.4.4. Australia
6.4.5. New Zealand
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, by Key Market Participants
7.2. Vendor Landscape
7.2.1. Company Categorization
7.2.2. List of Key Distributors and Channel Partners
7.2.3. List of Potential Customers/End Users
7.3. Competitive Dynamics
7.3.1. Competitive Benchmarking
7.3.2. Strategy Mapping
7.3.3. Heat Map Analysis
7.4. Company Profiles/Listing
7.4.1. Fresh Hemp Foods Ltd.
7.4.2. IND HEMP, LLC.
7.4.3. Blue Sky Hemp Ventures
7.4.4. Panda Biotech, LLC
7.4.5. Marijuana Company of America Inc.
7.4.6. Kazmira LLC
7.4.7. The Cannabis Co.
7.4.8. Hemp Foods Australia
7.4.9. Hemptech
7.4.10. Valley Bio Limited
7.4.11. Parkland Industrial Hemp Growers Co-Op. Ltd. (PIHG)
7.4.12. Elixinol Ltd.
7.4.13. Terra Tech Corps
For more information about this report visit https://www.researchandmarkets.com/r/s8h8a5
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