Tuesday, January 3, 2023

The Worldwide Hemp Clothing Industry is Expected to Reach $10.1 Billion by 2028: Low Cost of Hemp Fabric Drives Growth – ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Hemp Clothing Market Size, Share & Industry Trends Analysis Report By End User (Women, Men and Kids), By Type (Dress, Shirts, Pants, Coats & Jackets, Activewear, T-shirts), By Distribution Channel, By Regional Outlook and Forecast, 2022 - 2028" report has been added to ResearchAndMarkets.com's offering. The Global Hemp Clothing Market size is expected to reach $10.1 billion by 2028, rising at a market growth of 26.0% CAGR during the forecast period. Hemp fiber is produced from the Cannabis sativa plant, which is better known for producing marijuana or hashish. Nevertheless, hemp only has 1% THC, contrary to marijuana's 20% THC content, which is what causes consumers to feel high when they smoke it. Amazing characteristics of this fiber include exceptional dyeability, UV light blocking, mildew resistance, and inherent antibacterial properties. It effectively transfers heat as well. Some of the industries that use it include paper, building, biodegradable plastic, chemical cleanups, healthy food, and fuel. Hemp fiber is used to reinforce door panels by automakers like BMW in order to improve safety norms. Compared to other fabrics, hemp cloth uses less water, pesticides, chemical fertilizers, and herbicides. It is more successful at extracting carbon dioxide from the environment than many other crops, which results in a smaller carbon footprint. Hemp can absorb 10 to 15 tonnes of CO2 per acre throughout the growing season, which is equivalent to one person's usual annual CO2 emission. On the list of sustainable textiles and fibers, hemp is listed alongside jute, flax (linen), organic cotton, and bamboo. Hemp fiber from the stem and seed can be used to make insulation and animal bedding, respectively. The earth benefits from hemp as well. The production of maize from a field will be higher if hemp was initially grown there. It's also a good idea to plant wheat and barley once the hemp crop has been harvested. Due to the potential benefits to the environment, several producers are working to have hemp and cannabis grown according to organic standards. It has been widely publicized how much the fashion business contributes to the pollution and destruction of the rivers, oceans, and atmosphere. Every second, an estimated truckload of discarded clothing is burned or dumped. Although there are many residents who are concerned, the current sustainable fashion solutions are expensive and time-consuming. As consumer attitudes toward the environment & ecology have evolved, there is a greater need for eco-friendly clothes. Market Growth Factors Low Cost Of Hemp Fabric The fact that hemp is a rapidly renewable resource and doesn't require the use of artificial fertilizers or pesticides has a positive impact on the environment. Hemp can be renewed two to three times per year and generates more fiber per acre than trees. Additionally, 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. Industrial hemp plants are better
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