The Asia Pacific Hemp Clothing Market would witness market growth of 26.5% CAGR during the forecast period (2022-2028).
On the one hand, this plant has been selectively developed over many generations of growers to be high in tetrahydrocannabinol (THC) and other intoxicating chemical components are known as cannabinoids. While reducing the number of psychotropic cannabinoids produced by their crops on purpose, other growers have regularly bred Cannabis sativa to produce stronger and superior fibers. Hemp vs. cotton is a relatively new topic of discussion in the field of materials.
When thinking about the advantages of cotton, one could picture the supple and absorbent material that has been a part of the culture for ages and is referred to be the fabric of existence. One might not initially consider hemp's advantages for fabric, but hemp is way better in terms of saving the environment. Hemp is the most environmentally friendly fabric.
Uttarakhand is the first Indian state to gain the rights for industrial hemp growing, which was a significant success in the protracted campaign to legalize hemp. The Indian Industrial Hemp Association (IIHA) received authorization from the state of Uttarakhand to create and run its non-profit organization. Since India is in a tropical climate, its climate and environmental circumstances are also ideal for growing hemp. In states such as Madhya Pradesh & Manipur ministers have spoken out in favor of legalizing hemp farming, followed by Uttarakhand.
The China market dominated the Asia Pacific Hemp Clothing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $807.6 million by 2028.The Japan market is estimated to grow a CAGR of 25.7% during (2022 - 2028). Additionally, The India market would experience a CAGR of 27.2% during (2022 - 2028).
Based on End User, the market is segmented into Women, Men and Kids. Based on Type, the market is segmented into Dress, Shirts, Pants, Coats & Jackets, Activewear, T-shirts and Others. Based on Distribution Channel, the market is segmented into Independent Retail Stores, E-commerce, Hypermarket and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Hemp Clothing Market is Projected to reach USD 10.1 Billion by 2028, at a CAGR of 26%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Levi Strauss and Co., Patagonia, Inc., Wama Underwear LLC, Jungmaven, Ltd., Toad & Co. International, Inc., United By Blue, ONNO T-shirt Company, Eileen Fisher, Inc., and Outerknown.
By End User
By Type
By Distribution Channel
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