National Industrial Hemp Council Celebrates Continued Growth in the Industrial Hemp Industry
WASHINGTON, April 29, 2025 – A new USDA National Hemp Report shows a 40% increase in the value of industrial hemp production, which now totals $445 million for 2024.
“The growth we are seeing in the industrial hemp sector is a clear indication of its expanding role in the U.S. economy,” said NIHC President & CEO Patrick Atagi. “We’re seeing remarkable strides in hemp production across all sectors—floral, grain, fiber and seed—and are excited for what the future holds as more innovations come to the forefront. With sustained interest and new market opportunities, we believe the hemp industry will continue to thrive and create jobs, while contributing to sustainable solutions for various industries.”
Key highlights from the USDA’s National Hemp Report for 2024 include:
- Overall value of hemp production: $445 million, up 40% from 2023.
- Floral hemp: A dramatic 159% increase in production, with 20.8 million pounds of floral hemp produced.
- Fiber hemp: Continued expansion, with 60.4 million pounds harvested, representing a 23% increase.
- Seed hemp: Exceptional growth, with the value of seed production increasing by 482%, reaching $16.9 million.
- Area harvested for fiber: 18,855 acres, up 56% from 2023, showing strong demand for sustainable materials.
These findings underscore the growing adoption of hemp as a versatile and sustainable resource, with expanding applications in textiles, construction, and bio-plastics.
“We are at a critical juncture, where industry leaders, farmers and innovators are coming together to unlock the full potential of hemp,” Atagi added. “As the market for hemp in industrial products continues to evolve, NIHC remains committed to supporting this growth through policy advocacy, education, and global trade efforts.”
The NIHC looks forward to building on this momentum and working with stakeholders across the hemp supply chain to strengthen the industry and ensure its sustainable future.