Hemp Fibre Market Size & Growth Outlook 2025-2031

 "According to latest estimates, the Global Hemp Fibre market is expected to see a growth rate of 15.6% and may reach the market size of USD11.73 Billion by 2030, currently positioned at USD4.9 Billion.A variety of Cannabis sativa plants grown expressly for commercial use is industrial hemp, sometimes known as hemp. Industrial hemp is a low-cost, quickly-growing, and environmentally friendly plant. It is also of the toughest and most resilient crops in existence. Industrial hemp can also be turned into a variety of industrial goods, such as rope, paper, clothing, textiles, insulation, paint, biodegradable plastics, food, biodiesel, and animal feed. Hemp, also referred to as cannabis, is used in the manufacture of psychoactive substances derived from cannabis plants. Both therapeutic and recreational uses of hemp exist. Hemp also helps with pain management by altering the brain's pain perception pathways. Additionally, it aids in preventing chronic pain conditions like endometriosis, migraines, fibromyalgia, and arthritis. It might minimize side effects from cancer treatment, like appetite loss. Doctors also recommend industrial hemp to treat the following neurological and mental health issues: anxiety, multiple sclerosis, post-traumatic stress disorder (PTSD), epilepsy, Parkinson's disease, and Tourette syndrome. This is because industrial hemp affects the limbic system. Additionally, hemp's calming effects help in the treatment of sleep issues like insomnia. As a result, the market for industrial hemp is in high demand due to hemp's many benefits.