The Global Hemp Clothing Market is Projected to Reach US $23.02 Billion by 2031 

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Global Hemp Clothing Market Is Expected to Reach $23.02 Billion by 2031: Allied Market Research

Expected to grow at a CAGR of 27.1 percent 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. 

According to a survey by Allied Market Research, hemp clothing is extensively used because of many benefits, such as its low cost, UV and mold resistance, lightweight and absorbent makeup (with three times the tensile strength of cotton). 

These advantages are likely to lead to an exceptional demand for hemp apparel services during the anticipated period. 

The top winning tactics, changing market trends, market size, and projections, value chain, important investment pockets, drivers & opportunities, and competitive landscape are all thoroughly examined in the report. 

The study is a valuable source of information for new entrants, shareholders, frontrunners, and shareholders in establishing vital future strategies and taking crucial steps to greatly strengthen and heighten their position in the market. 

The report offers a detailed segmentation of the global hemp clothing market based on type, end-user, distribution channel, and region.   

Based on type, 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% during the forecast period. 

Based on end users, 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% during the forecast period. 

Based on the distribution channel, the independent retail store segment held the largest market share in 2021, garnering nearly half of the global market, and is expected to maintain its leadership status during the forecast period. The report also analyses other segments such as hypermarkets, e-commerce, and others. 

Based on region, 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. The LAMEA region, on the other hand, is expected to cite the fastest CAGR of 30.3% during the forecast period. 

Key players 

The key players analyzed in the global hemp clothing market report includes Patagonia, Inc, Tentree, Thought Clothing, TOAD&CO, Back Beat Co, Ecofibre, Eileen Fisher, Groceries Apparel, Jungmaven, LANIUS GmbH, Levi Strauss &Co, ONNO T-Shirt Company, Outerknown, United by Blue, and WAMA UNDERWEAR. 

Hemp is a fast renewable resource that does not need pesticides or synthetic fertilizers to grow. Nothing is wasted during the production of hemp because the stalks are used to generate fiber and the seeds are used to make dietary supplements and oil.  

Get a detailed COVID-19 impact analysis on the Hemp Clothing Market @https://www.alliedmarketresearch.com/request-for-customization/17317?reqfor=covid 

Also read: The smart clothing market is projected to reach US$ 6.41 billion by 2027