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

portland, OR, Aug. 08, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global hemp clothing market generated $2.29 billion in 2021, and is projected to reach $23.02 billion by 2031, growing at a CAGR of 27.1% from 2022 to 2031.The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, and competitive landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

Report coverage & details:

Report Coverage Details
Forecast Period 2022­–2031
Base Year 2021
Market Size in 2021 $2.29 billion
Market Size in 2031 $23.02 billion
CAGR 27.1%
No. of Pages in Report 290
Segments covered Type, enduser, distribution channel, and region
Drivers Surge in demand for organic clothing products
Rapid Urbanization
Opportunities Increase in the number of online shoppers
Extensive use of hemp clothing due to its lightweight and absorbent nature
Restrains Lack of awareness
Availability of substitutes

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COVID-19 Scenario:

  • The outbreak of COVID-19 has had a negative impact on the growth of the global hemp clothing market, owing to the occurrence of lockdowns in various countries across the globe.
  • Lockdowns resulted in the closure of various manufacturing facilities, including those of hemp clothing, which decreased it demand during the pandemic. This was mainly due to the stringent social distancing restrictions imposed by the government to significantly curb the spread of the virus during the pandemic.
  • The clothing industry, in general, has suffered an immense blow as consumers around the world were stuck at home due to the prevalent COVID-19 restrictions in their respective countries. Thus, people were required to stay at home to limit the outbreak.This, in turn, negatively affected the clothing sales.
  • In addition, necessary import and export restrictions were imposed by the government, which further made it difficult for the manufacturers to acquire essential raw materials. However, the market is expected to recoup soon.

The report offers a detailed segmentation on the global hemp clothing market based on type, end-user, distribution channel and region.The report offers a detailed analysis of every segment and their respective sub-segment throughgraphical and tabular representation. This analysis might assist market players, investors, and new entrants in devising strategiesbased on fastest growing segments and dominating segments that is mentioned in the report.

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.

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Based on enduser, the women 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 distribution channel, the independent retail stores 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 segment such as hypermarket, e-commerce, and others.

Based on region, the market across 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.

The key players analyzed in the global hemp clothing market report include 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.

The report analyzes these key players of the global hemp clothing market. These market players made use ofconstructive strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to strengthen prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments byeminent players of the market. 

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About Us                        

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


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