The Cotton Yarn Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s 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 growth in the historic period can be attributed to textile industry growth, natural fiber preference, global cotton production, cotton yarn innovation, affordability and accessibility.
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%. The growth in the forecast period can be attributed to sustainable and organic trend, e-commerce growth, regulatory emphasis on sustainable practices, demand in emerging markets, circular economy initiatives. Major trends in the forecast period include technology integration in manufacturing, sustainable and organic cotton, technological innovations in spinning processes, digitalization in supply chain management, fluctuations in cotton prices and global trade dynamics.
The increasing demand from the textile industry is expected to propel the growth of the cotton yarn market going forward. Textile refers to any material that is made from fibers or yarn that are spun, woven, knitted, or otherwise formed into a fabric or cloth. Cotton yarn is a popular and widely used material in the textile industry. It is made by spinning together the individual fibers of cotton into a continuous thread or yarn. This yarn can then be used to create a wide range of different textile products, such as clothing, bedding, and home decor. Cotton yarn is popular among textile manufacturers because of its durability, breathability, and softness, so these factors boost the cotton yarn market. For instance, in June 2022, according to the Textile Industries Media Group LLC., a US-based textile magazine company, the value of U.S. man-made fiber and filament, textile, and apparel shipments totaled an estimated $65.2 billion, up from $60.8 billion in January 2021. Additionally, US exports of textiles and clothing to the Western Hemisphere increased 6.5% to $16.1 billion in 2021. Therefore, the increasing demand from the textile industry is driving the growth of the cotton yarn market.
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The cotton yarn market covered in this report is segmented –
1) By Type: Carded Yarn, Combed Yarn, Other Types
2) By Application: Industrial Textiles, Apparel, Home Textiles, Other Applications
3) By Distribution Channel: Online, Offline
Major companies in the cotton yarn market are focused on developing advanced platform, such as traceability tools, for enhancing supply chain transparency and maximizing their profits in the market. A traceability tool is a system or software facilitating the tracking and recording of product or material movement throughout the supply chain, ensuring transparency and accountability. For instance, in November 2023, Better Cotton, a Switzerland-based not-for-profit organization and the largest cotton sustainability programme, launched the Better Cotton Platform, a traceability tool. The tool enhances visibility into the complex journey of cotton through the supply chain, instilling confidence in member retailers and brands about sourcing products from specific countries. Operated by ChainPoint, the platform allows suppliers to log transactional data, providing a clear path from cotton ginning to the retailer or brand.
The cotton yarn market report table of contents includes:
1. Executive Summary
2.Cotton Yarn Market Characteristics
3.Cotton Yarn Market Trends And Strategies
4.Cotton Yarn Market analysis
5.Cotton Yarn Market Size And Growth
6.Cotton Yarn Segmentation
7.Cotton Yarn Regional And Country Analysis
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27.Cotton Yarn Competitive Landscape And Company Profiles
28.Cotton Yarn Key Mergers And Acquisitions
29.Cotton Yarn Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- China Resources Textiles (Holdings) Co. Ltd.
- Maharaja Shree Umaid Mills Limited
- Aarti International
- Henan Xinye Textile Co. Ltd.
- Huafu Fashion Co. Ltd.
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