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Global Hemp Clothing Market – Industry Trends and Forecast to 2029

  • FMCG
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Hemp Clothing Market, By Raw Product (Hemp Seeds, Hemp Fiber, Hemp Shivs and Stalks), Source (Conventional (Natural) Hemp Source, Organic Hemp Source), Application (Fabrics, Denim, Fine Textiles, Canvas Bags, Carpets, Geotextiles), Processing Technique (European Enzyme-Treated Fiber, Chinese Fiber, NRC Enzyme-Treated Fiber) – Industry Trends and Forecast to 2029

 

Hemp Clothing Market

Market Analysis and Size

There has been immense growth in the legalization of industrial hemp across various economies. Additionally, growing research activities regarding the benefits of hemp along with increasing clothing developments and innovations by the manufacturers have largely boosted the hemp clothing over last few years. These factors are estimated to aid the market traction over forecasted period as well.

Global Hemp Clothing Market was valued at USD 6840.0 million in 2021 and is expected to reach USD 63044.55 million by 2029, registering a CAGR of 32.0% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.

Market Definition

Hemp clothing basically includes activities such as betting, lottery, and bingo, among others, in addition to the transfer of money and resources via many hands. The major competitors in the worldwide market are improving their operations and introducing new programs in order to entice a broader audience to test what they have to offer. In addition, the players are legitimizing their business by providing clean, authentic services that cannot be questioned. Furthermore, the market is being promoted exclusively for the sake of enjoyment and entertainment, and nothing illegal is being done.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Raw Product (Hemp Seeds, Hemp Fiber, Hemp Shivs and Stalks), Source (Conventional (Natural) Hemp Source, Organic Hemp Source), Application (Fabrics, Denim, Fine Textiles, Canvas Bags, Carpets, Geotextiles), Processing Technique (European Enzyme-Treated Fiber, Chinese Fiber, NRC Enzyme-Treated Fiber)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

LOGU FASHION (India), Ecofibre (Australia), Eartheasy (Canada), GenCanna (U.S.), HempFlax Group B.V (Netherlands), Konoplex (Russia), Toad&Co (U.S.), Its Hemp (India) and hempfabriclab (India)

Market Opportunities

  • Increasing legalization of the cultivation of hemp 
  • Increasing clothing developments and innovations by the manufacturers and research institutions

Hemp Clothing Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Hemp Clothing Offers Various Advantages

Hemp clothing is extensively used due to its several advantages, including its lightweight and absorbent nature (with three times the tensile strength of cotton), UV and mold resistance, and low cost. It can also be used with other fibers to give the garment varied properties. These all beneficial properties are projected to create outstanding demand for the hemp clothing services during the forecasted period.

  • Environmental- Friendly Procedure

The hemp clothing also offers various environmental benefits as it does not require the use of chemical pesticides or fertilizers, and is a readily renewable resource. Furthermore, nothing goes to waste during the hemp manufacturing process as the seeds are utilized to manufacture oil and dietary supplements, while the stalks are used to make fiber. The carbon dioxide absorbed by industrial hemp plants is higher than that absorbed by trees. These factors will further propel the growth rate of hemp clothing market.

Additionally, the rapid urbanization along with the growing research activities regarding the benefits of hemp will also drive market value growth over forecasted timeframe. Furthermore, the hemp also produces more fiber per acre than trees, and can be renewed two to three times per year, which largely accelerates the overall market’s growth.

Opportunities

  • Developments and Legalization

Furthermore, the increasing clothing developments and innovations by the manufacturers and research institutions further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the increasing legalization of the cultivation of hemp will further expand the future growth of the hemp clothing market.

Restraints/Challenges

  • Availability of Substitutes

However, the availability of substitutes such as cotton or other types of clothing will create hindrances for the growth of the hemp clothing market.

  • Stringent Regulations Associated with Hemp

Furthermore, the legislation governing hemp containing cannabidiol and tetrahydrocannabinol vary greatly from state to state, significantly complicating the commodity's trading. Therefore, this factor is anticipated to challenge the hemp clothing market growth rate.

Furthermore, the high capital expenditure will most likely stifle the hemp clothing market's expansion during the projection period.

This hemp clothing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hemp clothing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Hemp Clothing Market

The recent outbreak of coronavirus had a huge impact on the hemp clothing market. The various restrictions as well as lockdowns implemented by the government to curb the disease largely impacted the supply chains. Additionally, the lesser workforce led to halt of manufacturing activities too, which resulted in huge financial setback for the market. On the brighter side, the period following COVID-19 will provide interesting opportunities for online sales of hemp clothing. Moreover, with decline in COVID cases the market is anticipated to revive the growth and demand, which are estimated to impact the market positively.

Global Hemp Clothing Market Scope

The hemp clothing market is segmented on the basis of raw product, source, application and processing technique. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Raw Product

  • Hemp Seeds
  • Hemp Fiber
  • Hemp Shivs
  • Stalks

Source

  • Conventional (Natural) Hemp Source
  • Organic Hemp Source

Application

  • Fabrics
  • Denim
  • Fine Textiles
  • Canvas Bags
  • Carpets
  • Geotextiles

Processing Technique

  • European Enzyme-Treated Fiber
  • Chinese Fiber
  • NRC Enzyme-Treated Fiber

Hemp Clothing Market Regional Analysis/Insights

The hemp clothing market is analyzed and market size insights and trends are provided by country, raw product, source, application and processing technique as referenced above.

The countries covered in the hemp clothing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the hemp clothing market because of the increasing regularization of online hemp clothing as the laws allow for online casinos, online poker, sports betting and more within the region.

Asia-Pacific on the other hand, is estimated to show lucrative growth during the  forecast  period 2022 to 2029 due to the increasing inclination towards hemp clothing along with factors such as availability of low-cost mobile applications and increased digitization in the emerging economies in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Hemp Clothing Market Share Analysis

The hemp clothing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hemp clothing market.

Some of the major players operating in the hemp clothing market are

  • LOGU FASHION (India)
  • Ecofibre (Australia)
  • Eartheasy (Canada)
  • GenCanna (U.S.)
  • HempFlax Group B.V (Netherlands)
  • Konoplex (Russia)
  • Toad&Co (U.S.)
  • Its Hemp (India)
  • hempfabriclab (India)

Research Methodology: Global Hemp Clothing Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

Hemp Clothing Market is growing a CAGR of 32.0% by 2029.
Hemp Clothing Market is expected to reach USD 63044.55 million by 2029.
the major players operating in the hemp clothing market are LOGU FASHION (India) Ecofibre (Australia) Eartheasy (Canada) GenCanna (U.S.) HempFlax Group B.V (Netherlands) Konoplex (Russia) Toad&Co (U.S.) Its Hemp (India) hempfabriclab (India)
Asia-Pacific is estimated to show lucrative growth during the  forecast  period 2022 to 2029 due to the increasing inclination towards hemp clothing along with factors such as availability of low-cost mobile applications and increased digitization in the emerging economies in the region.