Driven by a rising demand for sustainable, eco-friendly textiles, the global hemp yarn market is witnessing a significant growth. Valued at $14.36 billion in 2023, the market is expected to grow by a11.71 per cent CAGR from 2025-32, to reach a value of $38.9 billion by 2032.
Along with its biodegradability, Hemp’s requirement of minimal water and pesticides make it an ideal alternative to conventional materials like cotton. Additionally, the material is naturally resistant tomold and ultraviolet light. Its hypoallergenic properties make it an ideal material for those with sensitive skin.
Being increasingly adopted for apparel, home textiles, and accessories, hemp is becoming a fashionable and eco-conscious choice for designers. However, the material still faces stigma due to its association with cannabis, which can hinder growth, particularly in regions with regulatory challenges. The market also suffers from a limited and fragmented supply chain often leading to price volatility and difficulty in meeting rising demand.
Further complicating the issue, regulatory barriers including hemp cultivation and processing laws in some countries threaten to impede market growth. However, advancements in cultivation techniques, fiber extraction, and spinning technologies are helping make the material more competitive by improving its quality and consistency. Combining hemp with cotton, wool, or polyester, blended yarns are rising in popularity, offering enhanced properties like softness and strength.
E-commerce is playing a pivotal role in expanding the market by providing consumers worldwide easy access to hemp-based products. North America leads the market in the US with the 2018 Farm Bill legalising hemp cultivation. Another key region is Europe, where sustainability initiatives in countries like Germany and France are driving growth in hemp textiles. Meanwhile, Asia-Pacific, with its traditional textile industries in countries like China and India, is emerging as a strong growth market.
