The global industrial hemp market is experiencing rapid growth, projected to reach USD 13.90 billion by 2028. This surge is fueled by increasing demand from the textile industry, strategic collaborations, and a growing preference for sustainable and eco-friendly alternatives. However, production challenges related to climate requirements and regulations pose obstacles to further growth.
The global industrial hemp market is projected to experience significant growth from 2024 to 2028, driven by the increasing demand from the textile industry and the rising awareness of its sustainability benefits. Key players are strategically collaborating to expand their market presence, while challenges related to hemp production remain. The market is diversified across various applications, including food and beverages, biofuels, pharmaceuticals, and cosmetics.
Designer Maria Cornejo, known for her commitment to sustainable fabrics, observes a worrying trend: fabric mills are shifting away from responsibly made materials. In response, Cornejo reuses archived materials, creating a collection that highlights the importance of resourcefulness and responsible fashion practices.
