Industrial Hemp Market Analysis, Growth Insight, Trends and Future Forecast - 2031

The global industrial hemp market is anticipated to grow at a considerable CAGR of 17% during the forecast period. Hemp use in textiles is quickly gaining traction which is affecting the overall industrial hemp market growth. Hemp fabric is strong, hypo-allergic, lightweight, and naturally, UV light resistant, which gives it an added advantage over other fabrics. Hemp fabric is gaining popularity among end-users majorly on account of its sustainability and eco-friendly characteristics. In addition, hemp is a lightweight fabric, which means that it is highly breathable and can be blended with cotton or linen, which adds stretch and strength to the fabric. Apparels commonly made with hemp include dresses, jeans, pants, jackets, T-shirts, hoodies, and clothing for children. Some recent launches in the hemp-based textile industry include-

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• In April 2022, Cone Denim launched a new US-grown hemp denim collection in collaboration with expert hemp processing innovator, BastCore. Additionally, Cone further aims to expand its sustainable denim offerings featuring denim made with Alabama hemp and US. cotton and dyed with natural indigo grown in Tennessee. Cone’s US Hemp Collection includes a range of fabrics featuring classic 3×1 and comfort stretch to modern workwear constructions. 
• In August 2021, Avex Entertainment launched the T-shirt which uses hemp fabric from Japanese fabric brand Majotae on its website. Through this launch, Avex can expand the use of hemp cloth for shirts, kimonos, and knitted fabric products such as T-shirts and sweatshirts that are so far commonly made from cotton and synthetic fibers.
• In October 2020, Flora Growth Corp. launched a new division, Hemp Textiles & Co., and the start of sales of its inaugural hemp-based clothing brand, Stardog Loungewear. This division develops and sell hemp-based textiles and loungewear to both consumers and businesses.

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Market Coverage

Segment Covered- 

• By Type
• By Source
• By Application

Regions Covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World

Competitive Landscape- Aurora Cannabis Inc., Boring Hemp Co., Ecofibre Ltd., Hemp, Inc., HempFlax Group B.V., and others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?

Deviation from the pre-COVID-19 forecast

Most affected region and segment

• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Industrial Hemp Market Report Segment

By Type  

• Hemp Seed 
• Hemp Seed Oil 
• Hemp Fiber 
• CBD Hemp Oil 

By Source 

• Conventional  
• Organic 

By Application 

• Food & Beverages 
• Personal Care  
• Textiles 
• Pharmaceuticals 
• Others (Animal Care, Construction Material)

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

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