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Industrial Hemp Market worth $30.24 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Jan. 8, 2025 /PRNewswire/ — The industrial hemp market is estimated at USD 11.03 billion in 2024 and is projected to reach USD 30.24 billion by 2029, at a CAGR of 22.4% from 2024 to 2029, according to a report published by MarketsandMarkets™.

The demand for industrial hemp is growing globally due to increasing demands for the use of environment-friendly products in the different sectors like textiles, construction, bioplastics, personal care products, and the increased cultivation, favourable regulatory amendments, as well as widespread recognition of its environmental benefits among consumers are driving the growing interest in the global industrial hemp market. The development of new, innovative hemp-based products is yet another opportunity to grow markets with biodegradable plastics and natural fibers. Going forward, the market will keep on growing with continuous loosening of regulations by governments to support hemp cultivation.

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The hemp seed segment holds the highest market share in the type of segment of the industrial hemp market.

Hemp seed hold highest market share in industrial hemp because of its diverse uses, like the food sector, cosmetic areas, and even in agricultural operations. Hemp seed is high in essential fatty acids, and it does contain proteins along with vital nutrients that really make a great product for any food industry or wellness-oriented operations. Skincare products contain the oil extracted from hemp seeds. Snacks, beverages, and supplements also contain hemp seeds. As the demand for plant-based nutrition and sustainable ingredients grows, hemp seeds lead the market in the industrial hemp.

The conventional source segment holds highest share in the source segment in industrial hemp market during the forecasted period 2024-2029.

The conventional sources of the industrial hemp market dominate because they already have established infrastructure system and are highly accepted for farming and processing. Traditional farming, along with government policies and supply chains already set up, remains the largest area of production of hemp for textiles, bioplastics, and food products. This would mean consistent yields and product quality as conventional sources assure, making it a choice source for large-scale industrial hemp production. So, with this growth of demand, conventional sources should remain the leader in this market.

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Based on region, Europe has a significant share in the industrial hemp market.

Europe accounts for significant share in industrial hemp market due to its strong agricultural sector, supportive regulatory environment, and increasing demand for sustainable products. The European Union has policies to encourage hemp farming; these policies include financial incentives to farmers and a clear framework for the processing of the crop. Hemp farming is on the rise across the European region, especially with regard to fiber production. Between 2015 and 2022, the areas planted with hemp in the EU increased by 60% from 20,540 hectares to 33,020 hectares. In the same time span, hemp production saw a growth of 84.3%, increasing from 97,130 tonnes to 179,020 tonnes. The country that leads as the biggest producer is France with more than 60%, Germany with 17% followed by the Netherlands by 5%.

In December 2021, the European Union approved its new Common Agricultural Policy (CAP) for 2023-2027, applicable from January 2023. This new policy opens the way for farmers to be paid directly for cultivating hemp varieties listed in the EU Catalogue with a THC content below 0.3%. For now, hemp varieties must contain less than 0.2% of THC. Traditionally, hemp fibres in Europe have mostly been used for specialty pulp and paper, such as cigarette paper, Bible paper, and banknotes. However, thanks to the European Commission’s supports, increasing research and development lead to the expansion of this use of hemp fibers both in automotive applications and for construction materials.

The report profiles key players such as Curaleaf Holdings, Inc. (US), Green Thumb Industries (US), Canopy Gowth Corporation (Canada), AURORA CANNABIS INC. (Canada), The Cronos Group (Canada), Ecofibre Ltd (Australia), HempFlax Group B.V. (Netherlands), Dun Agro Hemp Group (Netherlands), Fresh Hemp Foods Ltd. (Canada), GenCanna (US), Konoplex Group (Russia), Canah International (Netherlands), MH Medical Hemp GmbH (Germany), Liaoning Qiaopai Biotech Co., Ltd. (China), and IND HEMP (US).

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Browse Adjacent Reports @ Food and Beverage Market Research Reports & Consulting

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Cannabis Market Size, Share, Trends Analysis Report, By Product Type (Flowers, Concentrates, Edibles, Topicals & Tinctures), By Compound (THC-Dominant, CBD-Dominant, and Balanced THC & CBD), By Application (Medical and Recreational), and By Region (North America, South America, Europe and RoW) – Industry Forecast – 2027

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

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Southern Oregon Software Company Earns National Recognition for Leadership in Real Estate Technology

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Grants Pass-based Rentec Direct and Founder Nathan Miller awarded for self-funded
growth, innovation and industry leadership

GRANTS PASS, Ore., May 1, 2026 /PRNewswire/ — A Grants Pass software company built without outside investment is earning national recognition for placing Southern Oregon on the map as an unexpected technology hub. Rentec Direct and Founder and CEO Nathan Miller won three Stevie Awards® in the 2026 American Business Awards®, including Gold for Company of the Year and Gold for Best Entrepreneur, along with Bronze for Customer Service Department of the Year. This recognition marks Rentec Direct’s ninth consecutive year in the premier business awards program, highlighting a two-decade track record of sustained growth, customer-centric innovation and industry leadership.

Founded in 2007 and headquartered in downtown Grants Pass, Rentec Direct has grown from a self-funded startup into one of the country’s leading property management software platforms, serving more than 400,000 users in all 50 states and internationally. The company’s growth has remained fully organic and independent, guided by customer-driven product innovation and a service-first philosophy that has helped it compete nationally while remaining rooted in Southern Oregon. 

“These awards are especially meaningful because it reflects what we’ve built from right here in Southern Oregon,” said Miller. “Our success comes from solving real problems for our customers—listening closely, building thoughtfully and earning trust through service. That approach has guided us from day one and continues to shape how we build and support our platform today. I’m incredibly proud of our team and the work they do every day to support our clients and continuously improve the platform they rely on.”

More than 3,700 nominations from individuals and organizations of all sizes across virtually every industry were submitted this year for consideration in a wide range of categories. More than 230 professionals worldwide participated in the judging process to select this year’s Stevie Award® winners.

“Organizations across the United States continue to set a high standard for innovation and performance,” said Stevie Awards president Maggie Miller. “The breadth and quality of nominations submitted to the 2026 American Business Awards reflect a dynamic and competitive business environment, where organizations are finding new ways to drive growth, deliver value and make an impact.”

Winners will be honored at a June gala ceremony in New York City. Details about The American Business Awards and the list of 2026 Stevie winners are available at ABA.StevieAwards.com.

About Rentec Direct
Rentec Direct provides industry-leading property management software and tenant screening solutions for real estate professionals across the small, mid and large property management segments. Key features include online rent payments, a mobile app and tenant portal, vacancy listing syndication, and robust accounting tools. Founded in 2007, Rentec Direct is the largest software platform serving both landlords and property managers, with more five-star reviews than any other property management software. A nine-time honoree on the Inc. 5000 list of fastest-growing private companies, Rentec Direct was also named Real Estate Company of the Year in the 2026 American Business Awards® and recognized among the U.S. Chamber of Commerce’s Top 100 Small Businesses. www.rentecdirect.com

About the Stevie Awards
Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, the Stevie Awards for Sales & Customer Service and the new Stevie Awards for Technology Excellence. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes, as well as the people behind them, the Stevies recognize outstanding workplace performance worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.

Supporting sponsors of the 2026 American Business Awards include Golden Hour Veterinary Telemedicine, Melissa Sones Consulting, Persistent and SoftPro.

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SOURCE Rentec Direct

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aiEDU Launches 2026 Community Catalyst Program to Broaden Access to AI Readiness in Rural and Indigenous Communities

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The new grant opportunity will award up to $50,000 to eligible school districts, educational service agencies, charter organizations, and nonprofits.

SAN FRANCISCO, May 1, 2026 /PRNewswire/ — The AI Education Project (aiEDU) is pleased to announce the third cycle of its 2026 Community Catalyst Program, a national grant opportunity designed to help build meaningful AI literacy through educator capacity, with a particular focus on supporting organizations serving rural communities and Indigenous communities.

The program will provide $25,000 grants and $50,000 grants to school districts, educational service agencies, charter organizations, and nonprofit organizations working to prepare educators and students for the realities of AI in teaching and learning. Applications opened May 1, 2026 and Letters of Intent are due May 21. Final awards will be announced on July 3, 2026.

“AI-readiness is strongest when communities of every size and geography help shape it from the start,” said Emma Doggett Neergaard, Chief Programs Officer at aiEDU. “Our Community Catalyst Program is intentionally designed to help rural and Indigenous communities lead this work in ways that reflect their students, their educators, and their future.”

In 2025, the Community Catalyst Program extended this work across the U.S., supporting 21 organizations, reaching more than 4,100 Indigenous and rural educators — a 71 percent increase over 2024 — and impacting more than 213,000 Indigenous and rural students, nearly ten times the number reached the previous year, through locally led AI-readiness initiatives. The program also delivered 64 in-person events in Indigenous and rural communities — more than five times the number held in 2024 — while expanding trainings, strategic advising, and professional learning across 17 states.

Last year, the program’s grantees themselves represented 10 states, with grantee-funded work ranging from Tribal-led AI sovereignty efforts to multi-district rural educator training models that equipped educators and families to engage with AI in ways that were locally relevant and culturally grounded. The 2026 program will build on this momentum by expanding opportunities for even more communities.

“As schools across the country navigate how to prepare students for an AI-driven future, meaningful progress depends on ensuring every community has a seat at the table,” said aiEDU’s CEO, Alex Kotran.

Funded projects may include:

Multi-session professional developmentProfessional learning communitiesTrain-the-trainer modelsInstructional coaching networksDistrictwide AI implementation planning

The 12-month grants will begin in summer 2026, with participating organizations selecting one or more support pathways from aiEDU, including:

Teacher Professional DevelopmentDistrict Leadership Capacity BuildingClassroom IntegrationCurricular Integration

For application details and submission information, visit aiedu.org/2026-catalyst.

About aiEDU 

The AI Education Project (aiEDU) is a nonprofit working to define, deliver, and catalyze AI readiness in K–12 education so every student is prepared to live, work, and lead in a world shaped by AI. Through high-quality curriculum, educator training, and systems partnerships, aiEDU has reached 48,000 educators and impacted 2.8 million students nationwide. The result: teachers who feel confident and capable, school systems that are better prepared for the future, and students who graduate with the AI competencies needed to thrive in an AI-driven world. Learn more at aiedu.org

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Royal Visit to Front Royal: Randolph-Macon Academy Shines at Block Party for King Charles III and Queen Camilla

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A one-of-a-kind celebration of music, leadership, tradition, and transatlantic friendship spotlights the next generation of American leaders

FRONT ROYAL, Va., May 1, 2026 /PRNewswire/ — Randolph-Macon Academy (R-MA), Virginia’s premier college-preparatory boarding and day school for students in grades 8–12, delivered a superb parade performance at Thursday’s “Royal Block Party” in honor of Their Majesties King Charles III and Queen Camilla during the Virginia leg of their State Visit to the United States this week.

Hosted by the Town of Front Royal, set against the backdrop of the Blue Ridge Mountains, this celebration welcomed the Royal couple to an unprecedented event filled with local citizens, community leaders, and distinguished guests, for an unforgettable scene of pageantry, patriotism, and performance in the heart of Front Royal.

The Royal Block Party featured a combined ceremonial and musical presentation led by the renowned Randolph-Macon Academy Marching Band, joined by the Academy’s Color Guard and Regimental Staff. In a stirring display of community spirit, student musicians from Skyline High School and Warren County High School also performed, creating a powerful showcase of talent, discipline, and community pride.

“Randolph-Macon Academy stands at the intersection of history, leadership, and opportunity. To welcome Their Majesties in a setting that celebrates service, scholarship, and young people rising to meet the future is both a privilege and a moment of enormous significance for our Academy, our town, and our region.  This event showed the world what Yellow Jackets mean by ‘the Power of Rise’!”, said R-MA Board Chair Lucy Hooper.

R-MA cadets performing for the Royal couple spoke powerfully of the unique experience.  The Academy’s Regimental Commander, Cadet Colonel Rania Husted ’26, said, “I feel incredibly honored that R-MA was included in such a historic event. More than anything, I feel proud of my fellow cadets. Their hard work and dedication were evident in our performance, and I hope we made our Front Royal community proud as well.”

The Regimental Sergeant Major, Bijou Kebbay ’27, observed, “Everyone was nervous, I mean it was the king and queen of the United Kingdom, of course they were. But it was so beautiful to see how everyone came together to support each other and make sure everyone shined.”

Founded in 1892, Randolph-Macon Academy has developed young people of character, purpose, and ambition for more than 130 years. Located on a 135-acre campus in the Shenandoah Valley, R-MA offers a distinctive educational experience where structure meets opportunity, and tradition fuels transformation.

For families seeking more than a conventional high school experience, Randolph-Macon Academy offers something increasingly rare: a clear path to a life of meaning and purpose.

R-MA combines the personal attention of a small independent school with the ambition of a world-class preparatory institution. Students benefit from small classes, highly engaged faculty, competitive athletics, an extensive rotary and fixed wing aviation curriculum, STEM and robotics programs, leadership development, and one of the nation’s most respected college and service academy preparatory environments.

The Academy’s outcomes speak for themselves:

100% college acceptance for each of the past 19 yearsMore than $15 million in scholarships earned by the Class of 202515 – 20 U.S. Service Academy appointments in each of the past five yearsA nationally recognized Falcon Scholar Program with exceptional U.S. Air Force Academy placement, with the highest USAFA Falcon Scholar graduation rate in the nationBoarding and day options for students in grades 8–12 and post-graduates

In an era when families are searching for schools that do more than educate—that build resilience, cultivate leadership, and prepare students for consequential lives—Randolph-Macon Academy offers a compelling answer. As Front Royal welcomed royalty, Randolph-Macon Academy continued to do what it has done for thirteen decades: stand tall, lead proudly, and inspire the Rise within.

For additional details, visit Randolph-Macon Academy at www.rma.edu.

About Randolph-Macon Academy

Randolph-Macon Academy is a coeducational college-preparatory boarding and day school serving students in grades 8–12 and PG, in Front Royal, Virginia. Founded in 1892, the Academy is known for its distinctive combination of academic rigor, leadership development, character formation, and exceptional college and service academy outcomes.

Media Contact:
Director of Enrollment Management
Randolph-Macon Academy
200 Academy Drive
Front Royal, Virginia 22630
(540) 636-5484
media@rma.edu
www.rma.edu

 

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