Global Cotton Yarn Market Size, Share, Growth Analysis, By Type(Carded Yarn, Combed Yarn), By Application(Apparel, Home Textiles) - Industry Forecast 2024-2031

Global Cotton Yarn Market size was valued at USD 62.55 billion in 2022 and is poised to grow from USD 66.94 billion in 2023 to USD 115.19 billion by 2031, growing at a CAGR of 7.02% in the forecast period (2024- 2031).

The increasing global emphasis on health consciousness has driven a higher preference for natural fibers, particularly leading to a rise in the consumption of cotton yarns and influencing the market's growth trajectory in the forecast period. Cotton yarns are widely used in apparel and home textile applications, providing a versatile material for various fabric creations. Moreover, industrial textiles are gaining popularity due to their use across diverse sectors such as automotive, construction, electrical, and electronics industries. Cotton yarn, primarily made of twisted and plied cotton fibers, is essential for creating woven or knitted fabrics. The manufacturing process involves spinning raw cotton and carding it into roving, which serves as the foundational material for knitting or weaving. Carded yarn, specifically made from cotton, is a textile material that can be spun into yarn strands, playing a significant role in the production of various textile products.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Cotton Yarn Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Cotton Yarn Market Segmental Analysis

The global cotton yarn market is segmented on the basis of type, application and region. By type the market is segmented into carded yarn, combed yarn, other By application the market is segmented into apparel, home textiles, industrial textiles, others. By Region the market is segmented into North America, Europe, Asia-Pacific, MEA, and Latin America.

Drivers of the Global Cotton Yarn Market

The growth of the cotton yarn market faces a significant hurdle attributed to its relatively higher cost compared to readily available synthetic yarns, posing a limitation to its expansion. Factors contributing to this cost disparity include the elevated expenses associated with cottonseed, farming procedures, and raw materials, collectively elevating the overall production cost of cotton yarn. In contrast, synthetic yarns, derived from petrochemical-based raw materials through mass production methods, offer a more cost-effective alternative.

Restraints in the Global Cotton Yarn Market

The growth of the cotton yarn market encounters a significant obstacle due to its relatively higher cost compared to readily available synthetic yarns, which limits its expansion. Factors contributing to this cost difference include the elevated expenses associated with cottonseed, farming procedures, and raw materials, collectively increasing the overall production cost of cotton yarn. In contrast, synthetic yarns, derived from petrochemical-based raw materials through mass production methods, offer a more cost-effective alternative.

Market Trends of the Global Cotton Yarn Market

The textile sector is expected to experience a significant boost, influenced by several factors contributing to its growth. Governments worldwide are actively involved in initiatives aimed at strengthening their domestic textile industries, introducing new policies and schemes to support these sectors. For instance, the Indian government has taken a proactive approach by implementing various policies designed to promote the expansion of its textile sector.