Expected to grow at a CAGR of 27.1 per cent from 2022 to 2031, the global hemp clothing market, which was US $ 2.29 billion in 2021, is projected to reach US $ 23.02 billion by 2031.

Claiming so, a report of Allied Market Research says that due to its many benefits, including its low cost, UV and mould resistance, lightweight and absorbent makeup (with three times the tensile strength of cotton), hemp clothing is widely utilised.

During the anticipated period, outstanding demand for hemp apparel services is expected to result from all these benefits.

The dress segment held the largest market share in 2021, garnering more than one-fifth of the global market, and is expected to maintain its leadership status during the forecast period.

The activewear segment, on the other hand, is expected to cite the fastest CAGR of 28.4 per cent during the next decade.

Based on end user, the women’s segment held the dominating market share in 2021, holding nearly three-fifths of the global market, and is expected to maintain its leadership status during the forecast period.

The kids segment, on the other hand, is predicted to cite the fastest CAGR of 28.8 per cent in next 10 years.

North America held the largest market share in 2021, holding around two-fifths of the global market, and is expected to maintain its leadership status during the forecast period.

Hemp is a rapidly renewable resource and doesn’t require the use of artificial fertilisers or pesticides. Nothing is wasted during the production of hemp because the stalks are used to generate fibre and the seeds are used to make dietary supplements and oil.

Mandi Kerr
Author: Mandi Kerr