Hemp Yarn Market
The market for Hemp Yarn was estimated at $1.0 billion in 2024; it is anticipated to increase to $1.6 billion by 2030, with projections indicating growth to around $2.4 billion by 2035.
Global Hemp Yarn Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Hemp Yarn industry revenue is expected to be around $1.1 billion in 2025 and expected to showcase growth with 8.1% CAGR between 2025 and 2034. The significant and dynamic growth in the Hemp Yarn industry has been greatly influenced by key factors at play here; a rising need for environmentally friendly and sustainable products; the strong expansion of the textile sector; and its expanding use across diverse new industries as well. Moreover¸ Hemp Yarns natural qualities like its strength¸ durability¸ absorbency¸ and resistance to mildew have solidified its reputation as a favored option, in sectors. The enhancement of farming techniques and creative solutions has led to an increase, in hemp cultivation output which has strengthened the Hemp Yarn industry's position and showcased its enduring significance and importance in the market environment.
Crafted from plant fibers hemp yarn provides a special blend of durability, sustainability and versatility. Commonly used in textiles for making clothes, home decor and rugs due to its breathable and insulating features. Furthermore its friendly growth requirements, with reduced water usage and pesticide needs compared to conventional crops have positioned it as a popular choice.
Market Key Insights
- The Hemp Yarn market is projected to grow from $1.0 billion in 2024 to $2.2 billion in 2034. This represents a CAGR of 8.1%, reflecting rising demand across Textile Industry, Craft Projects and Fashion & Clothing Industry.
- Darn Good Yarn, Lion Brand Yarn, Indiana Hemp Industries are among the leading players in this market, shaping its competitive landscape.
- U.S. and Canada are the top markets within the Hemp Yarn market and are expected to observe the growth CAGR of 5.9% to 8.5% between 2024 and 2030.
- Emerging markets including Brazil, Nigeria and South Korea are expected to observe highest growth with CAGR ranging between 7.8% to 10.1%.
- Transition like The Shift Towards Sustainable Textiles is expected to add $55 million to the Hemp Yarn market growth by 2030.
- The Hemp Yarn market is set to add $1.2 billion between 2024 and 2034, with manufacturer targeting Art & Craft & Interior Design End-Users projected to gain a larger market share.
- With
the sustainability movement, and
technological innovations in textile industry, Hemp Yarn market to expand 118% between 2024 and 2034.
Opportunities in the Hemp Yarn
Growth Opportunities in North America and Asia Pacific
Market Dynamics and Supply Chain
Driver: The Sustainability Movement, and The Versatility of Hemp Yarn
Restraint: Regulatory Hurdles
Opportunity: Technological Innovations in Hemp Yarn Production and Rising Demand in Sustainable Fashion
Challenge: Consumer Perception
Supply Chain Landscape
Cultivation & Harvesting
Processing & Decortication
Spinning & Yarn Production
Textile Manufacturing & End Users
Cultivation & Harvesting
Processing & Decortication
Spinning & Yarn Production
Textile Manufacturing & End Users
Use Cases of Hemp Yarn in Textile Industry & Craft Projects
Recent Developments
Hemp Yarn, extracted from the Cannabis Sativa plant, is rapidly gaining traction in the global textile market due to its sustainable and eco-friendly properties. This plant-based fiber, renowned for its robustness and durability, is creating a paradigm shift in the textile industry.