The global hemp clothing market size was US$ 2.2 billion in 2021. The global hemp clothing market size is estimated to reach US$ 19.0 billion by 2030, growing at a compound annual growth rate (CAGR) of 27.1% during the forecast period from 2022 to 2030.
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The cannabis sativa plant, which is well-known for developing hashish or marijuana is used to produce hemp fiber. However, hemp contains 1 percent THC, compared to marijuana’s 20% THC level, which is what provides a high to the users after smoking it. This fiber contains some good qualities, like outstanding dyeability, UV light blocking, mildew resistance, and organic antibacterial abilities. It also transmits heat efficiently. Biodegradable plastic, buildings, chemical cleanups, healthy food, and energy are some of the companies that utilize them.
Factors Influencing Market Growth
? The increase in the comfort of shopping for clothes from online retail portals is tempting a considerable customer base utilizing the internet, which is predicted to drive the overall market expansion.
? Hemp plants are more beneficial at absorbing carbon dioxide than different trees. These elements are anticipated to drive the overall market expansion.
? Superior characteristics such as exceptional dyeability, mildew resistance, etc of hemp fiber drive the expansion of the overall market.
Effect of the COVID-19 Pandemic
The global COVID-19 pandemic has created several challenges for exporters in developing and developed countries. Import and export restrictions on goods, quarantine, and lockdown measures imposed by governments are key challenges exporters faced during the pandemic. In addition, the challenges hemp fabric exporters face is expected to remain in the future, as different states and governments around the world attempt to tackle COVID-19 with various measures.
Regional Analysis
North America had the highest market growth associated with revenue and market share due to the increasing regularization of online hemp clothing as the limitations permit online casinos, sports betting, online poker, and more in the region.
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Leading Competitors
The prominent players in the global hemp clothing market are:
? Outerknown
? Eileen Fisher
? ONNO T-Shirt Company
? ToadandCo
? United By Blue
? Jungmaven
? WAMA UNDERWEAR
? Levi Strauss and Co.
? Patagonia
? VALANI
? Others
Segmentation Analysis
The global hemp clothing market segmentation focuses on Type, End User, Distribution Channel, and Region.
Segmentation on the basis of Type
? Shirts
? Pants
? T-shirts
? Activewear
? Coats and Jackets
? Dress
? Undergarments
? Others
Segmentation on the basis of End User
? Men
? Women
? Kids
Segmentation on the basis of Distribution Channel
? Hypermarket
? Independent Retail Stores
? E-commerce
? Others
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Segmentation on the basis of Region
? North America
? The U.S.
? Canada
? Mexico
? Europe
? Western Europe
? The UK
? Germany
? France
? Italy
? Spain
? Rest of Western Europe
? Eastern Europe
? Poland
? Russia
? Rest of Eastern Europe
? Asia Pacific
? China
? India
? Japan
? Australia & New Zealand
? ASEAN
? Rest of Asia Pacific
? Middle East & Africa (MEA)
? UAE
? Saudi Arabia
? South Africa
? Rest of MEA
? South America
? Brazil
? Argentina
? Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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