Hemp is projected to generate approximately $43.75 billion by 2030, with a compound annual growth rate (CAGR) of 33 per cent from 2022 to 2030. The rise in the legalisation of hemp cultivation, coupled with innovations in the clothing industry spearheaded by manufacturers and research institutions, are key factors driving the market growth. In India, the preference for organic alternatives in clothing and food is further accelerating the demand for hemp fibres, yarns, and fabrics. As the second-largest industry in India, textiles hold immense potential to boost hemp adoption. As consumers shift towards hemp-based garments, awareness of the diverse applications and benefits of hemp is expected to spread rapidly. Known for its strength and resilience, hemp fabric has become a preferred option for individuals seeking durable, long-lasting apparel. Its breathability and absorbency make it suitable for year-round use—keeping the wearer cool in summer while providing insulation during colder months. Additionally, hemp fabric’s natural resistance to mould, antimicrobial properties, UV protection, and vibrant colour depth make it an attractive choice for modern consumers.
Texventures: A Leader in Hemp Textiles
Founded in 2015, Texventures is a leading enterprise focused on sourcing and marketing fibres, yarns, and fabrics, both domestically and internationally. Since its inception, the company has developed a deep understanding of market dynamics and effective marketing strategies to promote natural fibres within the Indian market. Texventures centres its approach around three key pillars: innovation, marketing, and supply.
Recognising that innovation is an ongoing process, the firm has developed over 250 quality hemp fabrics based on continuous market feedback over the past six years. The company actively educates the Indian market through various channels, including testimonials, digital ads, print media, and participation in textile exhibitions. A partnership with Hong Kong-based Kingdom Holdings, one of the largest global producers of 100 per cent hemp yarn, with an annual capacity of 4,000 tons, has allowed Texventures to secure a stable supply and meet growing demand.
Texventures has established itself as a one-stop shop for all hemp textile requirements in India, providing a reliable supply of high-quality hemp yarns. In addition to maintaining a steady inventory, the company is actively engaged in market development by working closely with weavers, processing facilities, and garment manufacturers to educate them on the benefits of hemp and the techniques required to produce high-quality end products. “With cotton and polyester dominating India’s textile industry, it is challenging to raise awareness about hemp’s advantages and promote a shift towards slow, sustainable fashion,” explains Siddharth Mehta, Director at Texventures.
Texventures maintains an inventory of up to 150 tons of linen and hemp yarns in India, distinguishing itself as a leader in the linen textile market. With its extensive knowledge of the fibre-to-fashion process and a vast network of linen and hemp vendors, Texventures has firmly established itself as an industry leader. The company’s motto, “Innovation is our Motivation,” drives its efforts not only to supply yarns but also to develop new varieties, which are promoted directly to major brands. Texventures’ hemp fabric range features a wide variety of weaves and designs, catering to the needs of every customer. By keeping these fabrics in stock, the company is able to meet the needs of both start-ups and designers without imposing minimum order requirements, facilitating aggressive market expansion.
From 100 clients in FY16 to over 600 clients in FY24, Texventures has sold more than 500 tons of hemp yarn and over 500,000 metres of hemp and hemp-blend fabrics.
The Road Ahead
Texventures is currently exploring new avenues to expand its brand by offering fabrics and garments to the industry. In 2021, the company launched ‘The Hemp Studio’ and a web portal to provide easy access for both domestic and international customers. In addition to its B2B offerings, Texventures has a range of fabrics for apparel, home furnishings, and accessories targeted at the B2C market. The company is currently focusing on exporting textiles to regions such as South America, North America, and the UAE, collaborating with wholesalers to expand its market presence.
Read article about Hemp is projected to generate approximately $43.75 billion by 2030, with a compound annual growth rate (CAGR) of 33 per cent from 2022 to 2030. The rise in the legalisation of hemp cultivation, coupled with innovations in the clothing industry spearheaded by manufacturers and research institutions, are key factors driving the market growth. In India, the preference for organic alternatives in clothing and food is further accelerating the demand for hemp fibres, yarns, and fabrics. As the second-largest industry in India, textiles hold immense potential to boost hemp adoption. As consumers shift towards hemp-based garments, awareness of the diverse applications and benefits of hemp is expected to spread rapidly. Known for its strength and resilience, hemp fabric has become a preferred option for individuals seeking durable, long-lasting apparel. Its breathability and absorbency make it suitable for year-round use—keeping the wearer cool in summer while providing insulation during colder and more articles about Textile industary at Fibre2Fashion Read More