Industrial Hemp Market Update Report 2024 | Industry Trends, Demand, Leading Companies and Segmentation till 2031/ Aurora ., Boring Hemp Co., Ecofibre Ltd.

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-

· 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

· The market number available for - 2023-2030

· Base year- 2023

· Forecast period- 2024-2030

Segment Covered-

· By Type

· By Source

· By Application

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

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

Industrial Hemp Market Report Segment

By Type

· Hemp Seed

· Hemp Seed Oil

· Hemp Fiber

By Source

· Conventional

· Organic

By Application

· Food & Beverages

· Personal Care

· Textiles

· Pharmaceuticals

· Others (Animal Care, Construction Material)

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Industrial Hemp Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• Alphagreen Group Ltd.

• AMERICAN HEMP LLC

• BAFA Hempfoods GmbH

• Blue Sky Hemp Ventures Ltd.

• Canah International S.r.l.

• Colorado Hemp Works, Inc.

• Dun Agro Hemp Group

• Fresh Hemp Foods Ltd.

• Hemp Bombs

• HEMPMEDS MEDICAMENTOS DO BRASIL LTDA

• Hemp Oil Canada

• HemPoland sp. z o.o.

• Industrial Hemp Manufacturing, LLC

• Marijuana Company of America, Inc.

• MH medical hemp GmbH

• North American Hemp & Grain Co. Ltd.

• Konoplex LLC

• Parkland Industrial Hemp Growers Co-op. Ltd.

• SOUTH HEMP TECNO S.R.L.

• Unrivaled Brands, Inc.

• Valley Bio Ltd.

• India Hemp & Co.

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