Global Cotton Market Forecast Report by Production, Consumption, Import & Export, Regions (America, Europe, Asia Pacific, Middle East & ROW), and Company Analysis 2034-2032

Global 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 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.

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 decor. 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

1. Production

2. Consumption

3. Import

4. 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 & Strategies
• Sales Analysis

Company Analysis

1. Aarti International Limited

2. Coats Group plc

3. Damodar Group

4. Fortex

5. Huafang Group

6. KPR Mill Limited

7. Maharaja Shree Umaid Mills Limited

8. Nahar Spinning of Companies

9. Nitin Spinners Ltd.

10. Weiqiao Textile Company Limited