Cotton Yarn Global Market Report 2024

The cotton yarn market size has grown strongly in recent years. It will grow from $69.05 billion in 2023 to $73.93 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The expansion observed in the historical period can be attributed to the growth of the textile industry, the preference for natural fibers, trends in global cotton production, innovations in cotton yarn, and the increased affordability and accessibility of textile materials.

The cotton yarn market size is expected to see strong growth in the next few years. It will grow to $94.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. Anticipated growth in the upcoming period is expected due to the emphasis on sustainable and organic trends, the continued growth of e-commerce, regulatory focus on sustainable practices, increasing demand in emerging markets, and the rising prevalence of circular economy initiatives within the textile industry. Key trends projected for this period encompass the integration of technology into manufacturing processes, the utilization of sustainable and organic cotton, technological advancements in spinning processes, the digitalization of supply chain management, and the impact of fluctuations in cotton prices and global trade dynamics on the industry.

The growing demand from the textile industry is set to drive significant growth within the cotton yarn market. Textiles encompass materials crafted from fibers or yarn, used to create fabrics or clothing. Cotton yarn, a widely utilized material in this industry, is formed by spinning individual cotton fibers into a continuous thread or yarn, serving as a foundational material for various textile products such as clothing, bedding, and home decor. Its popularity among manufacturers is attributed to its durability, breathability, and softness, contributing to the expansion of the cotton yarn market. For example, data from the Textile Industries Media Group LLC in June 2022 highlighted the estimated value of U.S. man-made fiber and filament, textile, and apparel shipments at $65.2 billion, a notable increase from $60.8 billion in January 2021. Moreover, US exports of textiles and clothing to the Western Hemisphere also experienced a 6.5% surge, reaching $16.1 billion in 2021. This escalating demand from the textile industry is a pivotal factor propelling the growth trajectory of the cotton yarn market.

The surge in e-commerce and online retail is poised to significantly propel the growth of the cotton yarn market. E-commerce and online retail encompass the buying and selling of goods and services through digital platforms, facilitating transactions between businesses and consumers. Cotton yarn, serving as a fundamental material for textiles and apparel production, plays a pivotal role in this online landscape, offering a sustainable and versatile material for clothing sold via digital platforms. For instance, data from the Census Bureau in August 2023 highlighted U.S. retail e-commerce sales for the second quarter of 2023, totaling $277.6 billion. This marked a 2.1% increase (±0.9%) from the first quarter of the same year, underlining the substantial growth trajectory of online retail. As e-commerce and online retail continue to thrive, the demand for cotton yarn in producing textiles and apparel sold through these digital channels is expected to witness significant growth, driving the expansion of the cotton yarn market.

The cotton yarn market is witnessing a surge in the adoption of advanced technologies, with key industry players focusing on technological innovations to maintain their market standing. One notable example is Adolph Saurer AG., a Swiss company renowned for textile machinery, which unveiled the latest iteration of its Autocoro 10 single-spindle technology in October 2021. This cutting-edge system excels in producing superior yarns from diverse fibers such as cotton, polyester, and viscose. It boasts a fully automated piecing mechanism, swiftly and efficiently splicing yarn ends together, thereby reducing operational downtime and boosting productivity. Adapted for the digital era, this technology sets a new benchmark in automation and digitalization, incorporating novel features such as an enhanced light concept, resulting in a 3 percent performance uplift, and an up to 5 percent productivity increase owing to expanded doffing capacity to 8 DCU.

Major players within the cotton yarn market are prioritizing the development of sophisticated platforms, such as traceability tools, to bolster supply chain transparency and optimize their market returns. These tools serve as systems or software designed to facilitate the monitoring and documentation of product or material flow across the supply chain, ensuring a transparent and traceable process. For instance, in November 2023, Better Cotton, the largest cotton sustainability program based in Switzerland, introduced the Better Cotton Platform, a traceability tool. This innovative tool significantly improves visibility into the intricate trajectory of cotton across the supply chain, fostering confidence among member retailers and brands regarding the sourcing of products from specific regions. Powered by ChainPoint, the platform empowers suppliers to record transactional data, establishing a transparent path from cotton ginning all the way to the retailer or brand.

In December 2021, Gildan Activewear Inc., a Canadian company specializing in branded clothing, completed the acquisition of Frontier Yarns LLC for $168 million. This strategic move was aimed at reinforcing Gildan Activewear Inc.'s vertically integrated supply chain on a global scale by internalizing yarn production. The acquisition serves a dual purpose, enhancing Gildan's capacity to expand its textile manufacturing across the Caribbean and Central America while also ensuring increased accessibility to yarn. Frontier Yarns LLC, based in the United States, specializes in the production of cotton yarns comprising 100% cotton blends and polyester products.

Major companies operating in the cotton yarn market report are China Resources Textiles (Holdings) Co. Ltd., Maharaja Shree Umaid Mills Limited, Aarti International, Henan Xinye Textile Co. Ltd., Huafu Fashion Co. Ltd., Vardhman Textiles Ltd., Trident Limited India, Luthai Textile Co Ltd., BROS Eastern Co. Ltd., Huafang Group Co. Ltd., Jiangsu Lianfa Textile Co. Ltd., Shandong Ruyi Technology Group Co. Ltd., Huamao Co. Ltd., Hengfeng Co. Ltd., Huafang Co. Ltd., Sanyang Textile Co. Ltd., Weiqiao Textile Company Limited, Gokul Overseas Limited, Nitin Spinners Limited, Jiangsu Dasheng Group Co. Ltd., Raymond Limited, Kedia Overseas Limited, Ambika Cotton Mills Limited, Nahar Spinning Mills Limited, Nishat Mills Limited, Huafu Top Dyed Melange Yarn Co. Ltd., Guanxing Textile Group Co. Ltd., Lingxian Hengfeng Textile Co. Ltd., Guanxing Co. Ltd., Texhong Textile Group Limited.

North America was the largest region in the cotton yarn market in 2023. The regions covered in the cotton yarn market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cotton yarn market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Cotton yarn primarily comprises carded yarn, combed yarn, and other variations. Carded yarn is specifically produced through the carding process, which entails separating, cleaning, and aligning cotton fibers to form a continuous yarn strand. This type of yarn finds application across diverse sectors, including industrial textiles, apparel, and home textiles. Distribution of these yarn types occurs through both online and offline channels, catering to various end-uses.

The cotton yarn market research report is one of a series of new reports that provides cotton yarn market statistics, including cotton yarn industry global market size, regional shares, competitors with a cotton yarn market share, detailed cotton yarn market segments, market trends and opportunities, and any further data you may need to thrive in the cotton yarn industry. This cotton yarn market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cotton yarn market consists of sales of clothing, pillowcases, bedding, towels, curtains, home decor, crafts, and industrial products made using cotton yarn. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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