Over the next 10 years hemp articles of clothing are expected to boom in popularity. This comes from a new study done by a multitude of different corporations working to determine how popular hemp will be 10 years from now. With legalization being implemented in many places around the globe, experts expect hemp to be next. This comes with new innovations surrounding hemp, could it be the resource of the future?
Some organizations who have issued reports include:
- Hempco Inc
- Group B.V.
- Toad & Co
- Colorado Hemp Works
- Plains Industrial Hemp Processing Ltd
- And others
By 2030, the hemp clothing market is expected to grow at a rate of at least 49.9%. This comes with new applications for hemp, such as paper, textile, biodegradable plastics, fuel, and articles of clothing.
Based on the report, some promising regions to expect hemp growth would be in North America, Europe, Asia, Middle East, and Africa as well as Latin America.
To read the whole report, check out this article by Mariana university Sabre, where they detail the inner workings.
Date Report here.