FMI suggests the hemp fiber market was valued at USD 248.0 million in 2025, increased to USD 276.0 million in 2026, and is projected to reach USD 825.0 million by 2036. By segment, industrial textiles & composites lead the application category with a 34% share in 2026, while automotive & transportation dominates the end-use industry segment with a 31% share in 2026.