(MENAFN- GlobeNewsWire - Nasdaq) The hemp-based building products market is growing rapidly due to demand for sustainable materials like hempcrete and hemp insulation, driven by eco-friendly construction initiatives and regulatory support. Technological advancements are enhancing product performance, making hemp an attractive alternative for residential and commercial use.Dublin, Jan. 30, 2026 (GLOBE NEWSWIRE) -- The "Hemp-based Building Products Market Size, Share & Trends Analysis Report by Product Type (Hempcrete, Hemp Insulation, Hemp Fiberboards & Panels, Hemp-based Composites), End-use (Residential, Non-residential) and Region with Growth Forecasts, 2025-2033" has been added to ResearchAndMarkets's offering.
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The global hemp-based building products market is set for significant growth, with its size estimated at USD 35.97 billion in 2024 and projected to reach USD 94.27 billion by 2033. This growth corresponds to a compound annual growth rate (CAGR) of 11.3% from 2025 to 2033.
A major driving force behind this expansion is the increasing demand for sustainable and renewable construction materials globally.
Architects and builders are increasingly adopting hemp-based alternatives like hempcrete, hemp insulation, and fiber-reinforced panels, recognizing their benefits in reducing carbon emissions compared to conventional materials such as concrete or fiberglass. These materials not only support sustainability efforts but also align with prevalent green building certification standards, including LEED and BREEAM. As the construction sector increasingly embraces eco-conscious practices, the market for hemp-based materials is expanding across both residential and commercial domains.
Government initiatives are playing a pivotal role in promoting hemp-based building products by championing carbon-neutral construction. Many countries are updating building codes and sustainability regulations to support the use of renewable raw materials. Moreover, subsidies, tax incentives, and research grants aimed at bio-based construction innovation are bolstering the industry's traction. In Europe and North America, policymakers acknowledge hemp's efficacy in carbon absorption and its benefits to rural economic development. This regulatory landscape is fostering a favorable environment for manufacturers to scale production and market presence.
Technological advancements in material processing are enhancing the performance of hemp-based construction products, particularly through innovations in fiber treatment, composite engineering, and binder formulation. These innovations are improving structural strength, moisture resistance, and thermal insulation properties, enabling hemp products to effectively compete with traditional materials on both performance and cost. Additionally, the integration of automation and digital design tools facilitates the incorporation of hemp-based panels and blocks into contemporary architectural systems, driving production efficiency and market growth.
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