The fashion industry is looking right into the future with its innovation in hemp clothing. The durable and organic fabric has the potential to revolutionize the fashion industry. It can do this by producing lightweight, yet durable, clothes at reasonable rates.
The initial history around how hemp developed from being a recreational drug to a commercial and industrial product is interesting. Even better, hemp is now vesting innovation in fashion labels.
As per the market analysis, the hemp clothing market is expected to boom at the rate of almost 50% from 2021 to 2028. In addition, it is estimated that the exponential growth of the hemp clothing market is due to the increasing applications of hemp in various industries. Some of these industries include fuel, construction, automobile, textile, paper, cosmetics, and more.
To understand the potential expansion of the industrial segment, let us delve into the history of hemp clothing and learn about the key parameters in the market that drives its growth.
Development Of Hemp Textiles
The earliest evidence of the use of hemp was found by archaeologists as a remnant from Mesopotamia, dating back to 8,000 BC. Hemp was also used as an industrial fiber by sailors. We also find references for hemp cultivation in China around the 28th century BC.
The use of hemp in manufacturing clothes was popularized in Europe only in 1,200 BC. This occurred when the tensile and durable fiber was used to strengthen robes and sailcloth by the sailors. Because of this, the cultivation and use of hemp as a fabric for the clothing industry has been a trend for many centuries in countries like France, China, Spain, and Russia.
During the US gold rush in the early 1800s, hemp was used by Levi Strauss to manufacture Levi trousers. Thus, more than 80% of clothes were manufactured with the use of hemp fabrics; before the State began the controversial ban on the plant in the 1920s.
For the last 60 years, the use of hemp has been limited strictly in certain industries. Sadly, this is even though there is scientific evidence of the usefulness of the plant in various industries. However, acknowledging the potential of hemp in the clothing industry, modern applications of hemp has been found in many U.S. businesses since 2003.
Insights To The Hemp Clothing Industry
The current market value of the hemp clothing industry is $5.33 billion. Nonetheless, it is expected to grow at a compound annual growth rate of 15.8% from 2020 to 2027. Because of this, over $15.25 billion of revenue will be generated by the year 2027. The growth of the industry shall be witnessed in North America, the Asia Pacific, the Middle East, Africa, and Europe.
The use of hemp in the textile industry to manufacture consumer products shall be in demand even in the short run. In addition, diapers, fabrics, handbags, socks, denim, and other products shall be long in demand.
The United States started investing in the cultivation of a variety of industrial hemp post-2018 Farm Bill. Because of this, the production of Tetrahydrocannabinol (THC) is expected to go up in the upcoming years.
Here is a synopsis of the latest hemp industrial forecast based on the product, region, and application.
|Product Outlook||Seeds, fibers, and shives|
|Application Outlook in Fashion||Tops, shirts, bottoms for both men and women, accessories, carpets, and upholstery for home|
|Regional Outlook||Canada, United States, United Kingdom, Germany, France, Middle East, and Africa, China, India, Brazil, and Japan.|
|Fashion Labels in Hemp Clothing||Tact and Stone, Wama Underwear, Jungmaven, Hempy’s, Levis Wellthread Collection, Patagonia Hemp Clothing Collection, Recreator.|
Current And Future Market Trends
There are several data points to consider when analysing the current and future market trends for hemp clothing for individual countries. These data points are based on consumption volumes, cost of raw materials, import and export analysis, up and downstream value chain analysis, the production site and output, and price trend analysis.
In addition, it is also the final price determined in the domestic and international market, with the overall aggregate demand of the products. Domestic tariff, trade roots, government policies, and the competition of similar products play a part. Additionally, the availability of substitutes in the market also plays a part. These five factors are the major factors that dominate the current and future market trends.