Cotton Processing Global Market Report 2024

The cotton processing market has grown strongly in recent years. It will grow from $76.61 billion in 2023 to $82.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The expansion observed during the historic period can be attributed to several factors, including the global demand for textile products, agricultural practices and the cultivation of cotton, the expansion of the textile industry, dynamics in trade and exports, as well as economic and industrial development.

The cotton processing market is expected to see strong growth in the next few years. It will grow to $105.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the forecast period can be attributed to various factors, including population growth and urbanization, shifts in consumer preferences, innovations in textile technologies, a focus on sustainability and eco-friendly practices, and government policies and subsidies. Major trends expected in the forecast period include energy-efficient processing, market diversification, digitalization and data analytics, global market dynamics, and an increased emphasis on worker welfare and safety.

The anticipated growth in the cotton processing market is driven by increasing demand from the textile industry. The textile industry involves the manufacturing, exporting, and importing of various clothing and apparel. Cotton, known for its comfort, hypoallergenic properties, low maintenance, and natural sustainability, is a preferred material in the production of textiles and apparel. For example, in June 2022, Textile World reported that in 2021, fiber, textile, and clothing exports totaled $28.4 billion, showing an increase from $25.3 billion in 2020. This surge in demand for cotton processing within the textile industry is a key driver for the cotton processing market.

The rising prevalence of chronic diseases is also expected to contribute to the growth of the cotton processing market. Chronic diseases, lasting for three months or more and potentially worsening over time, create a demand for processed cotton in various healthcare applications. Processed cotton finds versatile use in hospitals, including wound care, medical apparel, hygiene products, patient bedding, and wearable medical devices. As reported by the National Center for Biotechnology Information (NCBI) in January 2023, the global number of people with chronic diseases is projected to reach 142.66 million by the year 2050, up from 71.522 million in 2020. The increasing prevalence of chronic diseases is thus driving the growth of the cotton processing market.

Technological advancements have become a prominent trend in the cotton processing market, with major companies actively developing innovative technologies to enhance their market positions. In December 2022, Fibre52, a US-based cotton processing company, introduced patent-pending technology known as Prepare For Dye (PFD) and dye technology. This environmentally friendly and affordable technology preserves the natural qualities of cotton, resulting in a more robust and eco-friendly fabric. The dyeing process using Fibre52's technology retains cotton's intrinsic properties and facilitates moisture transfer away from the skin.

Notable trend in the cotton processing market involves major companies innovating in dyeing processes to gain a competitive edge. Dyeing is a crucial process for applying color to textile materials such as fabrics or yarns, and companies are exploring advancements in this area. In March 2021, Ralph Lauren Corporation, a US-based fashion company, launched the Color on Demand platform for cotton dyeing. This platform addresses the environmental impact of traditional cotton dyeing processes by recycling and reusing trillions of liters of water annually, significantly reducing water consumption, chemicals, dye, time, and energy. The platform offers a more sustainable and efficient way to color cotton during product manufacturing, leading to shorter lead times and meeting personalized consumer demands. The initiative involves optimizing the use of ECOFAST Pure Sustainable Textile Treatment, developed by Dow, to achieve substantial reductions in water usage, chemical use, energy consumption, and carbon footprint.

In December 2021, Gildan Activewear, a Canada-based manufacturer of branded clothing, acquired Frontier Yarns for $168 million. This strategic acquisition is aimed at expanding Gildan's vertically integrated supply chain by further internalizing yarn manufacturing. Frontier Yarns, a US-based producer, specializes in manufacturing 100% cotton and polyester/cotton-blend yarns through various spinning processes.

Major companies operating in the cotton processing market report are Lummus Corporation, Bajaj Steel Industries, Nipha Exports Private Limited, Shandong Swan Cotton Industrial Machinery Stock Co., Cherokee Fabrication, Rieter, Toyota Industries Corporation, BALKAN S.A., Camozzi Automation S.p.A., Mitsun Engineering, Oswal Industries Limited, Uzbek Textile, Samuel Jackson Inc., Luthai Textile, Unifi Inc., Lagan Engineering Company Limited, Lianyungang Huantai Machinery Co. Ltd., Qingdao New Shunxing Environmental Protection and Technology Co. Ltd., Qingdao Hoper Machinery Co. Ltd., Hebei Hanwu Cotton Machinery Co. Ltd., Qingdao Tonglijia Mechanical Science and Technology Co. Ltd., Shandong Xinjie Industry Co. Ltd., Shandong Huanhai Group Co. Ltd., Shandong Wanhong Intelligent Equipment Group Co. Ltd., Shandong Shunxing Machinery Co. Ltd., Shandong Luming High-tech Cotton Industry Machinery Co. Ltd., Shandong Lintianzhiyuan CNC Equipment Co. Ltd., Shandong Jiafeng Textile Machinery Co. Ltd., Shandong Huajian Aluminium Group Co. Ltd., Shandong Changsheng Cotton Machinery Co. Ltd., Shandong Baimai Agricultural Machinery Co. Ltd., Shandong Baiyuan Machinery Co. Ltd., Shandong Aolong Group Co. Ltd., Shandong Aohai Marine Fittings Co. Ltd., Shandong Aichener Machinery Co. Ltd.

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

The primary product types within cotton processing include lint, cottonseed, and various other products. Lint refers to cotton fibers that are separated during the ginning process and can be obtained through scraping or other methods, forming a soft and gentle material commonly used in linen cloth production. The key equipment types involved in cotton processing are ginning and spinning. Operations can be classified into automatic and semi-automatic, and the applications of cotton processing extend to textiles, medical and surgical fields, feed production, consumer goods, and various other applications.

The cotton processing market research report provides cotton processing market statistics, including the cotton processing industry global market size, regional shares, competitors with a cotton processing market share, detailed cotton processing market segments, market trends and opportunities, and any further data you may need to thrive in the cotton processing industry. This cotton processing 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 processing market consists of sales of blow room's machinery, carding machine, draw frame, lap former, comber, roving frame or simplex, spinning frame, and winding machine. 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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