The global cotton market was valued at US$ 41.83 billion in 2023 and is forecast to reach US$ 53.64 billion by 2032, with a CAGR of 2.80% from 2024 to 2032. Its adaptability is primarily responsible for the increase in market share. It makes up one-third of all fibers produced globally and is the most widely used natural fiber in textile industry.
Although cotton is mostly grown in tropical and subtropical regions of the world, the top cotton-producing nations are China, India, the United States, Brazil, and Pakistan. These nations are major players in the global cotton industry because of their suitable climates and vast agricultural regions. This is clear from the observations, which show that the United States, especially the Texas region, uses highly mechanized farming operations and produces massive amounts of supplies, accounting for important portions of the global supply, along with China and India, the two leading producers. According to USDA data, global cotton production is predicted to reach 116.5 million bales in 2024-2025 - a gain of 3.7 million bales over 2023-2024 - and surpass the 3% mark.
For example, the US Department of Agriculture (USDA) reports that in 2021 and 2022, with an export volume of roughly 3.2 million metric tons, the US was the world's top exporter of cotton. With 1.72 million metric tons exported, Brazil has the second-highest exporting share, behind Australia and India.
China produced 5.88 million metric tons of cotton in the crop year 2021-2022, according to the US Department of Agriculture. With 5.33 million metric tons of cotton produced, India comes in second.
The area has seen a notable quantitative rise in cotton production over time. India contributes over 22% of the global cotton production, making it one of the biggest cotton-producing nations in the world, according to the Cotton Corporation of India. Even with the current production per kg/ha of 469 kg, it is still less than the average export yield of around 787 kg/ha. In a similar vein, India alone produced roughly 5.79 million metric tons of cotton in 2021, compared to the global total of 26.36 million metric tons.
Furthermore, as the textile industry uses the majority of the cotton produced in both China and India, it is dominant in both countries.
Cotton Overview
- Ever since the 1700s, cotton has played a significant role in the advancement of industry. It has a big effect on the textile industry as well. It is a cash crop with a high yield that is widely produced worldwide. Cotton plays a significant role in the global textile and apparel manufacturing industries. Cotton holds great political importance since it is essential to the international trade of numerous emerging nations. Almost every tropical and subtropical region of the world is home to cotton. Because it can withstand salt and drought, cotton is a desirable crop for arid and semi-arid regions.
Although cotton is mostly grown in tropical and subtropical regions of the world, the top cotton-producing nations are China, India, the United States, Brazil, and Pakistan. These nations are major players in the global cotton industry because of their suitable climates and vast agricultural regions. This is clear from the observations, which show that the United States, especially the Texas region, uses highly mechanized farming operations and produces massive amounts of supplies, accounting for important portions of the global supply, along with China and India, the two leading producers. According to USDA data, global cotton production is predicted to reach 116.5 million bales in 2024-2025 - a gain of 3.7 million bales over 2023-2024 - and surpass the 3% mark.
Growth Drivers for the global Cotton Market
Expanding Needs from the Textile Sector
The textile industry has ascribed the rise in cotton demand worldwide to its own needs. Cotton is a widely accessible textile that is cozy to wear, adaptable, and useful for both apparel and home décor. In today's globalized economy, consumers have more disposable income, which they utilize to purchase more cotton goods. The public likes cotton clothing since it is natural and comfortable to wear. In addition, more businesses are starting to produce clothing, and people prefer to dress comfortably, such in casual attire. They need more cotton, the substance that is most likely used to make the cloth. Cotton will always be needed because the textile industry is expanding and producing new kinds of materials.For example, the US Department of Agriculture (USDA) reports that in 2021 and 2022, with an export volume of roughly 3.2 million metric tons, the US was the world's top exporter of cotton. With 1.72 million metric tons exported, Brazil has the second-highest exporting share, behind Australia and India.
Increasing Preference of Consumers for Sustainable Products
The purchasing habits of consumers with respect to eco-friendly or organic items have a significant impact on the global cotton market. The trend toward using organic and environmentally friendly cotton is expanding as people become more aware of climate change. In comparison to traditional cotton cultivation, organic cotton production is more sustainable and is well-liked by consumers who care about the environment. It explicitly forbids the use of synthetic pesticides and fertilizers. In addition to forcing merchants and manufacturers to source sustainable cotton for their goods, this trend has also revealed the supply chain and encouraged them to go green. This industry is expanding because of the shift to sustainable practices, since consumers are already drawn to environmentally friendly items.Asia Pacific Cotton Production Industry
Asia is the production hub of the world. Although China is the world leader in cotton production and exports, the majority of cotton produced is used domestically. In China, cotton is grown in 24 out of the 35 provinces, employing close to 300 million people in the process.China produced 5.88 million metric tons of cotton in the crop year 2021-2022, according to the US Department of Agriculture. With 5.33 million metric tons of cotton produced, India comes in second.
The area has seen a notable quantitative rise in cotton production over time. India contributes over 22% of the global cotton production, making it one of the biggest cotton-producing nations in the world, according to the Cotton Corporation of India. Even with the current production per kg/ha of 469 kg, it is still less than the average export yield of around 787 kg/ha. In a similar vein, India alone produced roughly 5.79 million metric tons of cotton in 2021, compared to the global total of 26.36 million metric tons.
Furthermore, as the textile industry uses the majority of the cotton produced in both China and India, it is dominant in both countries.
Global Cotton Company Analysis
The major participants in the cotton market include Weiqiao Textile Company Limited, Aarti International Limited, Coats Group plc, Damodar Group, Fortex, Huafang Group, KPR Mill Limited, Maharaja Shree Umaid Mills Limited, Nahar Spinning of Companies, and Nitin Spinners Ltd.Global Cotton Company News
- In September 2022, Indian farmers now have access to the first two new organic cotton types. FiBL Switzerland and their partners ran a decentralized organic participatory breeding initiative that produced these types.
- In August 2022, to highlight the benefits of organic cotton for the environment and fashion, Arvind Limited, Bon Prix, G-Star RAW, Levi Strauss & Co., Norlanka Manufacturing, The Sting Companies, and Yumeko have joined the Organic Cotton Accelerator (OCA).
- In March 2022, For the 2022 growing season, Armor Seed Company released two cotton varieties: ARMOR 9442 XF and ARMOR 9512 B3XF. The XtendFlex Technology, larger seeds, enhanced vigor/emergence, and fiber quality are the distinguishing features of these cultivars.
Global Cotton Market is divided into 4 Parts
- Production
- Consumption
- Import
- Export
Country: Market is divided into 18 Country Cotton industry
Americas
- United States
- Canada
- Mexico
- Brazil
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Netherlands
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
Middle East & Africa
- South Africa
- United Arab Emirates
Rest of the World
All companies have been covered from 3 viewpoints
- Company overview
- Recent Development & Strategies
- Sales Analysis
Company Analysis
- Aarti International Limited
- Coats Group plc
- Damodar Group
- Fortex
- Huafang Group
- KPR Mill Limited
- Maharaja Shree Umaid Mills Limited
- Nahar Spinning of Companies
- Nitin Spinners Ltd.
- Weiqiao Textile Company Limited
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary5. Global Cotton Market
4. Market Dynamics
6. Market Share
7. Global Cotton Market (Production, Consumption, Import & Export) - By Country
8. Porter’s Five Forces Analysis
9. SWOT Analysis
10. Company Analysis
Companies Mentioned
- Aarti International Limited
- Coats Group plc
- Damodar Group
- Fortex
- Huafang Group
- KPR Mill Limited
- Maharaja Shree Umaid Mills Limited
- Nahar Spinning of Companies
- Nitin Spinners Ltd.
- Weiqiao Textile Company Limited
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 350 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 41.83 Billion |
| Forecasted Market Value ( USD | $ 53.64 Billion |
| Compound Annual Growth Rate | 2.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
