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The market size of the Industrial Hemp Production industry in the US is $xx.xx, which is expected to grow at xx% over the next five years. Manufacturers in this industry cultivate and harvest cannabis plants with a tetrahydrocannabinol (THC) content of less than 0.3% by weight. These cannabis plants are utilized to produce textiles and fibers for industrial applications.
Curious about what drives these trends? IBISWorld's Industrial Hemp Production in the US industry coverage has got you covered.
Total value ($) and annual change from 2012 – 2030.
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| Industry | Sector | Last 5-yr CAGR | Forecast 5-year CAGR | Revenue |
|---|---|---|---|---|
| Cotton Farming in the US |
|
XX% | XX% | $XX |
| Brand Name Pharmaceutical Manufacturing in the US |
|
XX% | XX% | $XX |
| Soybean Farming in the US |
|
XX% | XX% | $XX |
| Oilseed Farming in the US |
|
XX% | XX% | $XX |
| Cannabis Production in Canada |
|
XX% | XX% | $XX |
| Hay and Other Crop Growing in Australia |
|
XX% | XX% | $XX |
| Tobacco Growing in China |
|
XX% | XX% | $XX |
When the stakes are high, you need intelligence that cuts through the noise—wherever you work.
The market size of the Industrial Hemp Production in the US is $467.7m in 2025.
The market size of the Industrial Hemp Production in the US increased 2.7% in 2025.
The market size of the Industrial Hemp Production in the US has grown at a 18.0% CAGR between 2020 and 2025.
See our full analysis of the Industrial Hemp Production in the US to understand if the industry market size is expected to grow or decline over the next five years.