Global Cotton Market Forecast Report by Production, Consumption, Import & Export, Regions (America, Europe, Asia Pacific, Middle East & ROW), and Company Analysis 2034-2032
Buy NowGlobal Cotton Market Size
The global cotton market is expected to reach US$ 41.83 billion in 2023 to 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.
Cotton Market 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.
Approximately one third of all fibers produced worldwide are cotton, making it the most widely utilized natural fiber in textile applications. It can be used to make a range of sturdy, comfortable, and water-absorbent textiles. It is highly recognized for its comfort, performance, and adaptability. Its uses aren't just restricted to textiles, though. Lint and seeds from cotton plants are used to create fiber, edible oil, and animal feed. More precisely, cotton lint is the source of fiber, of which 64% is used to make clothing, 28% for home furnishings, and 8% for industrial purposes.
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.
| Report Features | Details |
|
Base Year |
2023 |
|
Forecast Years |
2024 - 2032 |
|
Historical Years |
2019 - 2023 |
|
Market Size in 2023 |
US$ 41.83 Billion |
|
Market Forecast in 2032 |
US$ 53.64 Billion |
|
Market Growth Rate (2024-2032) |
2.80% |
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.
Challenges in the Cotton Market
Climate Change Impact
Climate change poses a significant challenge to the cotton market, as extreme weather conditions, such as droughts, floods, and temperature fluctuations, can severely affect cotton production. These adverse conditions disrupt the growth cycle of cotton plants, leading to lower yields and reduced quality. Farmers may face increased costs for irrigation and pest control as they attempt to mitigate these effects. Moreover, climate change can lead to increased competition for water resources, further complicating cotton cultivation in regions already facing water scarcity. This instability threatens not only cotton supply but also the livelihoods of farmers dependent on this cash crop.
Fluctuating Market Prices
The cotton market is highly susceptible to price fluctuations, influenced by various factors such as global demand, production levels, and trade policies. Price volatility can create uncertainty for farmers, making it challenging to plan for future investments and operations. When prices drop, farmers may struggle to cover their production costs, leading to reduced income and financial instability. Additionally, fluctuating prices can impact the entire supply chain, affecting manufacturers and retailers who rely on consistent cotton prices for production planning. This volatility can deter investment in the cotton sector and create challenges in ensuring a stable and sustainable market.
North America Cotton Market
The North America cotton market is characterized by a robust production base, particularly in the United States, which is one of the world's leading cotton producers. The market benefits from advanced agricultural practices and technology. However, challenges such as fluctuating prices and climate change impact crop yields, influencing supply and demand dynamics in the region.
Canada Cotton Market
The Canadian cotton market is relatively small compared to its global counterparts, primarily driven by demand for imported cotton for textile and apparel manufacturing. While Canada has limited domestic cotton production relies heavily on U.S. imports to meet its needs. The market is influenced by consumer preferences for sustainable and ethically sourced materials, prompting manufacturers to explore eco-friendly options. As sustainability becomes increasingly essential, Canadian companies are also looking to innovate in textile production and invest in technologies that enhance sustainability. The Canadian cotton market is poised for growth, driven by evolving consumer trends and industry demands. In February 2022, Parachute, a US multi-category lifestyle brand, launched its first organic cotton collection.
Europe Cotton Market
Imports primarily drive the European cotton market, as domestic production is limited. Countries like Greece and Spain contribute significantly to the region's cotton supply. The market is influenced by consumer demand for sustainable textiles and eco-friendly practices. Increasing regulations on environmental standards are prompting manufacturers to adopt sustainable sourcing and production methods.
Germany Cotton Market
Germany's cotton market is characterized by a strong demand for high-quality textiles, heavily relying on imported cotton to meet its needs. While domestic cotton production is minimal, the country is crucial in the textile and fashion industry, driving demand for sustainable and ethically sourced cotton. German consumers increasingly prefer organic and eco-friendly products, influencing manufacturers to adopt sustainable practices throughout the supply chain. Additionally, strict regulations on environmental standards compel companies to prioritize transparency and sustainability. As a result, Germany is positioned to lead in the transition toward sustainable cotton consumption and production in the European market. July 2024, TURNS GmbH, a prominent player in the circular textile industry in Germany, has joined forces with Tailorlux GmbH to set a new benchmark by launching a groundbreaking collaboration aimed at advancing traceability and transparency for recycled cotton products.
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
April 2024, The Union Textiles Ministry is gearing up to launch a revamped Cotton Technology Mission aimed at improving the quality and output of India’s cotton by adopting best practices.
August 2024, Birla Cellulose, a pioneer in sustainable textile solutions, will launch Excel, a groundbreaking product that will revolutionize the perception of Open-End (OE) yarn.
February 2024, BASF unveiled a strong lineup featuring four new cotton varieties, three under the FiberMax brand and one from Stoneville. These new varieties are equipped with the recently approved Axant trait technology.
December 2023: Corteva Agriscience's cottonseed brand, PhytoGen, unveiled two new cotton varieties in 2024: PHY 137 W3E1 and PHY 475 W3FE.
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 with 3 Viewpoints
- Company overview
- Recent Development
- 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
Report Details:
| Report Features | Details |
| Base Year |
2023 |
| Historical Period |
2019 - 2023 |
| Forecast Period |
2024 - 2032 |
| Market |
US$ Billion |
| Segment Covered |
Production, Consumption, Import and Export Countries |
| Countries Covered |
|
| Companies Covered |
|
| Customization Scope |
20% Free Customization |
| Post-Sale Analyst Support |
1 Year (52 Weeks) |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
Key Questions Answered in Report:
- How big is the Cotton industry?
- What is the Cotton industry growth rate?
- Who are the key players in Cotton industry?
- What are the factors driving the Cotton industry?
- Which Region held the largest market share in the Cotton industry?
- What segments are covered in the Cotton Market report?
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- Market Entry Strategy:
- Region-Specific Market Dynamics:
- Regional Market Share Analysis:
- Trade Analysis:
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1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Cotton Market
6. Market Share
6.1 By Production - Countries
6.2 By Consumption - Countries
6.3 By Import - Countries
6.4 By Export – Countries
7. Global Cotton Market (Production, Consumption, Import & Export) - By Country
7.1 Americas
7.1.1 United States
7.1.1.1 Production
7.1.1.2 Consumption
7.1.1.3 Import
7.1.1.4 Export
7.1.2 Canada
7.1.2.1 Production
7.1.2.2 Consumption
7.1.2.3 Import
7.1.2.4 Export
7.1.3 Mexico
7.1.3.1 Production
7.1.3.2 Consumption
7.1.3.3 Import
7.1.3.4 Export
7.1.4 Brazil
7.1.4.1 Production
7.1.4.2 Consumption
7.1.4.3 Import
7.1.4.4 Export
7.2 Europe
7.2.1 United Kingdom
7.2.1.1 Production
7.2.1.2 Consumption
7.2.1.3 Import
7.2.1.4 Export
7.2.2 Germany
7.2.2.1 Production
7.2.2.2 Consumption
7.2.2.3 Import
7.2.2.4 Export
7.2.3 France
7.2.3.1 Production
7.2.3.2 Consumption
7.2.3.3 Import
7.2.3.4 Export
7.2.4 Italy
7.2.4.1 Production
7.2.4.2 Consumption
7.2.4.3 Import
7.2.4.4 Export
7.2.5 Spain
7.2.5.1 Production
7.2.5.2 Consumption
7.2.5.3 Import
7.2.5.4 Export
7.2.6 Netherlands
7.2.6.1 Production
7.2.6.2 Consumption
7.2.6.3 Import
7.2.6.4 Export
7.3 Asia Pacific
7.3.1 China
7.3.1.1 Production
7.3.1.2 Consumption
7.3.1.3 Import
7.3.1.4 Export
7.3.2 Japan
7.3.2.1 Production
7.3.2.2 Consumption
7.3.2.3 Import
7.3.2.4 Export
7.3.3 India
7.3.3.1 Production
7.3.3.2 Consumption
7.3.3.3 Import
7.3.3.4 Export
7.3.4 South Korea
7.3.4.1 Production
7.3.4.2 Consumption
7.3.4.3 Import
7.3.4.4 Export
7.3.5 Australia
7.3.5.1 Production
7.3.5.2 Consumption
7.3.5.3 Import
7.3.5.4 Export
7.4 Middle East & Africa
7.4.1 South Africa
7.4.1.1 Production
7.4.1.2 Consumption
7.4.1.3 Import
7.4.1.4 Export
7.4.2 United Arab Emirates
7.4.2.1 Production
7.4.2.2 Consumption
7.4.2.3 Import
7.4.2.4 Export
7.5 Rest of the World
7.5.1 Production
7.5.2 Consumption
7.5.3 Import
7.5.4 Export
8. Porter’s Five Forces Analysis
8.1 Bargaining Power of Buyer
8.2 Bargaining Power of Supplier
8.3 Threat of New Entrants
8.4 Rivalry among Existing Competitors
8.5 Threat of Substitute Products
9. SWOT Analysis
9.1 Strength
9.2 Weakness
9.3 Opportunity
9.4 Threat
10. Company Analysis
10.1 Aarti International Limited
10.1.1 Company overview
10.1.2 Recent Development
10.1.3 Sales Analysist
10.2 Coats Group plc
10.2.1 Company overview
10.2.2 Recent Development
10.2.3 Sales Analysist
10.3 Damodar Group
10.3.1 Company overview
10.3.2 Recent Development
10.3.3 Sales Analysist
10.4 Fortex
10.4.1 Company overview
10.4.2 Recent Development
10.4.3 Sales Analysist
10.5 Huafang Group
10.5.1 Company overview
10.5.2 Recent Development
10.5.3 Sales Analysist
10.6 KPR Mill Limited
10.6.1 Company overview
10.6.2 Recent Development
10.6.3 Sales Analysist
10.7 Maharaja Shree Umaid Mills Limited
10.7.1 Company overview
10.7.2 Recent Development
10.7.3 Sales Analysist
10.8 Nahar Spinning of Companies
10.8.1 Company overview
10.8.2 Recent Development
10.8.3 Sales Analysist
10.9 Nitin Spinners Ltd.
10.9.1 Company overview
10.9.2 Recent Development
10.9.3 Sales Analysist
10.10 Weiqiao Textile Company Limited (Shandong Weiqiao Pioneering Group)
10.10.1 Company overview
10.10.2 Recent Development
10.10.3 Sales Analysist
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