PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423756
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423756
Cotton Market Forecasts to 2030 - Global Analysis By Product, Type (Upland Cotton, Pima Cotton, Organic Cotton, Genetically Modified Cotton and Other Types), End User and By Geography
According to Stratistics MRC, the Global Cotton Market is accounted for $41.98 billion in 2023 and is expected to reach $57.92 billion by 2030 growing at a CAGR of 4.7% during the forecast period. Cotton, a vital global crop, is a natural fiber derived from the fluffy seed fibers of the cotton plant (Gossypium). Widely cultivated for its versatility, cotton is used in textiles, apparel, and industrial products. It is valued for its breathability and comfort. Cotton cultivation demands a warm climate and ample water. It thrives in well-drained soil with good fertility.
According to the Reserve Bank of India, in the fiscal year 2022, the value of cotton and cotton products exported from India was over INR 1140 billion (USD 13.94 billion). This increased by almost INR 586 billion (USD 5.1 billion) compared to the previous financial year, which accounted for INR 726 billion (USD 8.8 billion).
Market Dynamics:
Driver:
Escalating global demand for textiles
As the textile industry continues to expand worldwide, particularly in emerging economies, the need for cotton, a fundamental raw material in textile production, has surged. This heightened demand is influenced by factors such as population growth, urbanization, and changing consumer preferences. Consequently, the cotton market is experiencing increased pressure to meet the growing requirements of the textile sector, shaping the dynamics of global cotton trade and production.
Restraint:
Pest and disease outbreaks
Pest and disease outbreaks lead to increased production costs as farmers invest in pest control measures and disease management. The susceptibility of cotton crops to infestations can result in reduced supply, subsequently affecting global cotton prices. Additionally, the need for chemical interventions raises environmental concerns and influences consumer perceptions. Overall, pest and disease pressures create uncertainties in the cotton market, influencing production efficiency and economic viability for cotton farmers worldwide.
Opportunity:
Rising biotechnological advancements
Biotechnological advancements enhance the cotton crop yield, fiber quality, and resistance to pests. Innovations that enhance production and sustainability include genetically engineered cotton types with enhanced features like drought tolerance and pest resistance. Better adaptation and resource efficiency are ensured by cotton types developed due to biotechnology that is suited to particular environmental conditions. This meets worldwide demand by making the cotton sector more resilient and effective.
Threat:
Competition from synthetic fibers
Synthetic fibers like polyester and nylon often emulate cotton's desirable qualities at a lower price point, leading to reduced demand for cotton products. Synthetic fibers offer superior attributes, such as durability and cost-effectiveness. Additionally, advancements in technology continually enhance synthetic fiber performance, intensifying the challenge for cotton producers to maintain market share. This competition thereby hampers the market growth.
Covid-19 Impact
The covid-19 pandemic significantly impacted the global cotton market as lockdowns disrupted supply chains and reduced demand for textiles. Restrictions on movement hindered cotton harvesting and transportation, causing labor shortages. With reduced consumer spending on clothing, cotton prices fluctuated. Moreover, global trade disruptions and economic uncertainties further affected the cotton market. As countries gradually recover, the cotton industry continues to navigate challenges, including changing consumer behaviour and supply chain adjustments, influencing market dynamics.
The organic cotton segment is expected to be the largest during the forecast period
The organic cotton segment is estimated to have a lucrative growth. Organic cotton is a sustainable and eco-friendly alternative to conventional cotton, grown without synthetic pesticides, herbicides, or genetically modified organisms. Cultivated using natural methods, it promotes soil health and biodiversity while reducing environmental impact. The resulting fabric is free from harmful chemicals, making it hypoallergenic and safer for consumers. Choosing organic cotton supports a more sustainable and ethical approach, contributing to a healthier planet and promoting responsible consumer choices in the fashion and textile industries.
The textile industry segment is expected to have the highest CAGR during the forecast period
The textile industry segment is anticipated to witness the highest CAGR growth during the forecast period, due to its versatility and numerous benefits. It is soft, breathable, and absorbent, making it comfortable for clothing. Cotton fabrics are durable, easy to dye, and have excellent moisture-wicking properties. Additionally, cotton is hypoallergenic and suitable for various climates. Its natural fibers allow for good air circulation, reducing the risk of skin irritations. Cotton's adaptability and eco-friendly characteristics contribute to its popularity in the textile industry, promoting sustainability and comfort in a wide range of products.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period. China leads the most of the global production and export market. India is also one of the world's largest cotton producers, accounting for about 22% of the world's cotton production. Moreover, the dominance of the textile sector prevails in both China and India, as it consumes most of the cotton produced in the country. Therefore, the rising requirement for cotton in these major countries is propelling the market demand in this region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period. The United States, as a major player, maintained its position as a leading cotton producer and exporter during this forecast period. Technological advancements, such as the adoption of genetically modified cotton varieties, influenced yields and quality. Trade policies and agreements, including the North American Free Trade Agreement (NAFTA), also impacted the dynamics of cotton commerce. Further, advancements in cotton cultivation practices and growing and international trade activities are fuelling the region's market demand.
Key players in the market
Some of the key players profiled in the Cotton Market include Cotton Corporation of India, Fazal Group, Loyal Textiles Mills Limited, Oswal Group, Vardhman Group, Bombay Dyeing, Armor Seed, Damodar Group, Unifi Inc., Banswara Syntex Limited, Adani Group, Shri Vallabh Pittie Group, Weiqiao Textile Company Limited, Cargill Incorporated, Bunge Limited, Corteva Agriscience, Olam International and Gokak Mills.
Key Developments:
In November 2023, State-run Cotton Corp. of India (CCI) is set to procure over one million bales of premium Kasturi cotton in the current season that began in October 2023. It is projected at 36 million bales of 170 kg each.
In March 2022, Armor Seed Company released two cotton varieties, ARMOR 9512 B3XF and ARMOR 9442 XF, in the 2022 season. Both varieties are known for their big seeds, improved vigor/emergence, fiber quality, and XtendFlex Technology.
Products Covered:
- Raw Cotton
- Cotton Seed
- Cottonseed Oil
- Cotton Linter
- Other Products
Types Covered:
- Upland Cotton
- Pima Cotton
- Organic Cotton
- Genetically Modified (GM) Cotton
- Other Types
End Users Covered:
- Textile Industry
- Medical Industry
- Automotive Industry
- Footwear Manufacturers
- Fashion & Accessories Brands
- Paper Industry
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Cotton Market, By Product
- 5.1 Introduction
- 5.2 Raw Cotton
- 5.3 Cotton Seed
- 5.4 Cottonseed Oil
- 5.5 Cotton Linter
- 5.6 Other Products
6 Global Cotton Market, By Type
- 6.1 Introduction
- 6.2 Upland Cotton
- 6.3 Pima Cotton
- 6.4 Organic Cotton
- 6.5 Genetically Modified (GM) Cotton
- 6.6 Other Types
7 Global Cotton Market, By End User
- 7.1 Introduction
- 7.2 Textile Industry
- 7.3 Medical Industry
- 7.4 Automotive Industry
- 7.5 Footwear Manufacturers
- 7.6 Fashion & Accessories Brands
- 7.7 Paper Industry
- 7.8 Other End Users
8 Global Cotton Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Cotton Corporation of India
- 10.2 Fazal Group
- 10.3 Loyal Textiles Mills Limited
- 10.4 Oswal Group
- 10.5 Vardhman Group
- 10.6 Bombay Dyeing
- 10.7 Armor Seed
- 10.8 Damodar Group
- 10.9 Unifi Inc.
- 10.10 Banswara Syntex Limited
- 10.11 Adani Group
- 10.12 Shri Vallabh Pittie Group
- 10.13 Weiqiao Textile Company Limited
- 10.14 Cargill Incorporated
- 10.15 Bunge Limited
- 10.16 Corteva Agriscience
- 10.17 Olam International
- 10.18 Gokak Mills
List of Tables
- Table 1 Global Cotton Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Cotton Market Outlook, By Product (2021-2030) ($MN)
- Table 3 Global Cotton Market Outlook, By Raw Cotton (2021-2030) ($MN)
- Table 4 Global Cotton Market Outlook, By Cotton Seed (2021-2030) ($MN)
- Table 5 Global Cotton Market Outlook, By Cottonseed Oil (2021-2030) ($MN)
- Table 6 Global Cotton Market Outlook, By Cotton Linter (2021-2030) ($MN)
- Table 7 Global Cotton Market Outlook, By Other Products (2021-2030) ($MN)
- Table 8 Global Cotton Market Outlook, By Type (2021-2030) ($MN)
- Table 9 Global Cotton Market Outlook, By Upland Cotton (2021-2030) ($MN)
- Table 10 Global Cotton Market Outlook, By Pima Cotton (2021-2030) ($MN)
- Table 11 Global Cotton Market Outlook, By Organic Cotton (2021-2030) ($MN)
- Table 12 Global Cotton Market Outlook, By Genetically Modified (GM) Cotton (2021-2030) ($MN)
- Table 13 Global Cotton Market Outlook, By Other Types (2021-2030) ($MN)
- Table 14 Global Cotton Market Outlook, By End User (2021-2030) ($MN)
- Table 15 Global Cotton Market Outlook, By Textile Industry (2021-2030) ($MN)
- Table 16 Global Cotton Market Outlook, By Medical Industry (2021-2030) ($MN)
- Table 17 Global Cotton Market Outlook, By Automotive Industry (2021-2030) ($MN)
- Table 18 Global Cotton Market Outlook, By Footwear Manufacturers (2021-2030) ($MN)
- Table 19 Global Cotton Market Outlook, By Fashion & Accessories Brands (2021-2030) ($MN)
- Table 20 Global Cotton Market Outlook, By Paper Industry (2021-2030) ($MN)
- Table 21 Global Cotton Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 22 North America Cotton Market Outlook, By Country (2021-2030) ($MN)
- Table 23 North America Cotton Market Outlook, By Product (2021-2030) ($MN)
- Table 24 North America Cotton Market Outlook, By Raw Cotton (2021-2030) ($MN)
- Table 25 North America Cotton Market Outlook, By Cotton Seed (2021-2030) ($MN)
- Table 26 North America Cotton Market Outlook, By Cottonseed Oil (2021-2030) ($MN)
- Table 27 North America Cotton Market Outlook, By Cotton Linter (2021-2030) ($MN)
- Table 28 North America Cotton Market Outlook, By Other Products (2021-2030) ($MN)
- Table 29 North America Cotton Market Outlook, By Type (2021-2030) ($MN)
- Table 30 North America Cotton Market Outlook, By Upland Cotton (2021-2030) ($MN)
- Table 31 North America Cotton Market Outlook, By Pima Cotton (2021-2030) ($MN)
- Table 32 North America Cotton Market Outlook, By Organic Cotton (2021-2030) ($MN)
- Table 33 North America Cotton Market Outlook, By Genetically Modified (GM) Cotton (2021-2030) ($MN)
- Table 34 North America Cotton Market Outlook, By Other Types (2021-2030) ($MN)
- Table 35 North America Cotton Market Outlook, By End User (2021-2030) ($MN)
- Table 36 North America Cotton Market Outlook, By Textile Industry (2021-2030) ($MN)
- Table 37 North America Cotton Market Outlook, By Medical Industry (2021-2030) ($MN)
- Table 38 North America Cotton Market Outlook, By Automotive Industry (2021-2030) ($MN)
- Table 39 North America Cotton Market Outlook, By Footwear Manufacturers (2021-2030) ($MN)
- Table 40 North America Cotton Market Outlook, By Fashion & Accessories Brands (2021-2030) ($MN)
- Table 41 North America Cotton Market Outlook, By Paper Industry (2021-2030) ($MN)
- Table 42 North America Cotton Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 43 Europe Cotton Market Outlook, By Country (2021-2030) ($MN)
- Table 44 Europe Cotton Market Outlook, By Product (2021-2030) ($MN)
- Table 45 Europe Cotton Market Outlook, By Raw Cotton (2021-2030) ($MN)
- Table 46 Europe Cotton Market Outlook, By Cotton Seed (2021-2030) ($MN)
- Table 47 Europe Cotton Market Outlook, By Cottonseed Oil (2021-2030) ($MN)
- Table 48 Europe Cotton Market Outlook, By Cotton Linter (2021-2030) ($MN)
- Table 49 Europe Cotton Market Outlook, By Other Products (2021-2030) ($MN)
- Table 50 Europe Cotton Market Outlook, By Type (2021-2030) ($MN)
- Table 51 Europe Cotton Market Outlook, By Upland Cotton (2021-2030) ($MN)
- Table 52 Europe Cotton Market Outlook, By Pima Cotton (2021-2030) ($MN)
- Table 53 Europe Cotton Market Outlook, By Organic Cotton (2021-2030) ($MN)
- Table 54 Europe Cotton Market Outlook, By Genetically Modified (GM) Cotton (2021-2030) ($MN)
- Table 55 Europe Cotton Market Outlook, By Other Types (2021-2030) ($MN)
- Table 56 Europe Cotton Market Outlook, By End User (2021-2030) ($MN)
- Table 57 Europe Cotton Market Outlook, By Textile Industry (2021-2030) ($MN)
- Table 58 Europe Cotton Market Outlook, By Medical Industry (2021-2030) ($MN)
- Table 59 Europe Cotton Market Outlook, By Automotive Industry (2021-2030) ($MN)
- Table 60 Europe Cotton Market Outlook, By Footwear Manufacturers (2021-2030) ($MN)
- Table 61 Europe Cotton Market Outlook, By Fashion & Accessories Brands (2021-2030) ($MN)
- Table 62 Europe Cotton Market Outlook, By Paper Industry (2021-2030) ($MN)
- Table 63 Europe Cotton Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 64 Asia Pacific Cotton Market Outlook, By Country (2021-2030) ($MN)
- Table 65 Asia Pacific Cotton Market Outlook, By Product (2021-2030) ($MN)
- Table 66 Asia Pacific Cotton Market Outlook, By Raw Cotton (2021-2030) ($MN)
- Table 67 Asia Pacific Cotton Market Outlook, By Cotton Seed (2021-2030) ($MN)
- Table 68 Asia Pacific Cotton Market Outlook, By Cottonseed Oil (2021-2030) ($MN)
- Table 69 Asia Pacific Cotton Market Outlook, By Cotton Linter (2021-2030) ($MN)
- Table 70 Asia Pacific Cotton Market Outlook, By Other Products (2021-2030) ($MN)
- Table 71 Asia Pacific Cotton Market Outlook, By Type (2021-2030) ($MN)
- Table 72 Asia Pacific Cotton Market Outlook, By Upland Cotton (2021-2030) ($MN)
- Table 73 Asia Pacific Cotton Market Outlook, By Pima Cotton (2021-2030) ($MN)
- Table 74 Asia Pacific Cotton Market Outlook, By Organic Cotton (2021-2030) ($MN)
- Table 75 Asia Pacific Cotton Market Outlook, By Genetically Modified (GM) Cotton (2021-2030) ($MN)
- Table 76 Asia Pacific Cotton Market Outlook, By Other Types (2021-2030) ($MN)
- Table 77 Asia Pacific Cotton Market Outlook, By End User (2021-2030) ($MN)
- Table 78 Asia Pacific Cotton Market Outlook, By Textile Industry (2021-2030) ($MN)
- Table 79 Asia Pacific Cotton Market Outlook, By Medical Industry (2021-2030) ($MN)
- Table 80 Asia Pacific Cotton Market Outlook, By Automotive Industry (2021-2030) ($MN)
- Table 81 Asia Pacific Cotton Market Outlook, By Footwear Manufacturers (2021-2030) ($MN)
- Table 82 Asia Pacific Cotton Market Outlook, By Fashion & Accessories Brands (2021-2030) ($MN)
- Table 83 Asia Pacific Cotton Market Outlook, By Paper Industry (2021-2030) ($MN)
- Table 84 Asia Pacific Cotton Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 85 South America Cotton Market Outlook, By Country (2021-2030) ($MN)
- Table 86 South America Cotton Market Outlook, By Product (2021-2030) ($MN)
- Table 87 South America Cotton Market Outlook, By Raw Cotton (2021-2030) ($MN)
- Table 88 South America Cotton Market Outlook, By Cotton Seed (2021-2030) ($MN)
- Table 89 South America Cotton Market Outlook, By Cottonseed Oil (2021-2030) ($MN)
- Table 90 South America Cotton Market Outlook, By Cotton Linter (2021-2030) ($MN)
- Table 91 South America Cotton Market Outlook, By Other Products (2021-2030) ($MN)
- Table 92 South America Cotton Market Outlook, By Type (2021-2030) ($MN)
- Table 93 South America Cotton Market Outlook, By Upland Cotton (2021-2030) ($MN)
- Table 94 South America Cotton Market Outlook, By Pima Cotton (2021-2030) ($MN)
- Table 95 South America Cotton Market Outlook, By Organic Cotton (2021-2030) ($MN)
- Table 96 South America Cotton Market Outlook, By Genetically Modified (GM) Cotton (2021-2030) ($MN)
- Table 97 South America Cotton Market Outlook, By Other Types (2021-2030) ($MN)
- Table 98 South America Cotton Market Outlook, By End User (2021-2030) ($MN)
- Table 99 South America Cotton Market Outlook, By Textile Industry (2021-2030) ($MN)
- Table 100 South America Cotton Market Outlook, By Medical Industry (2021-2030) ($MN)
- Table 101 South America Cotton Market Outlook, By Automotive Industry (2021-2030) ($MN)
- Table 102 South America Cotton Market Outlook, By Footwear Manufacturers (2021-2030) ($MN)
- Table 103 South America Cotton Market Outlook, By Fashion & Accessories Brands (2021-2030) ($MN)
- Table 104 South America Cotton Market Outlook, By Paper Industry (2021-2030) ($MN)
- Table 105 South America Cotton Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 106 Middle East & Africa Cotton Market Outlook, By Country (2021-2030) ($MN)
- Table 107 Middle East & Africa Cotton Market Outlook, By Product (2021-2030) ($MN)
- Table 108 Middle East & Africa Cotton Market Outlook, By Raw Cotton (2021-2030) ($MN)
- Table 109 Middle East & Africa Cotton Market Outlook, By Cotton Seed (2021-2030) ($MN)
- Table 110 Middle East & Africa Cotton Market Outlook, By Cottonseed Oil (2021-2030) ($MN)
- Table 111 Middle East & Africa Cotton Market Outlook, By Cotton Linter (2021-2030) ($MN)
- Table 112 Middle East & Africa Cotton Market Outlook, By Other Products (2021-2030) ($MN)
- Table 113 Middle East & Africa Cotton Market Outlook, By Type (2021-2030) ($MN)
- Table 114 Middle East & Africa Cotton Market Outlook, By Upland Cotton (2021-2030) ($MN)
- Table 115 Middle East & Africa Cotton Market Outlook, By Pima Cotton (2021-2030) ($MN)
- Table 116 Middle East & Africa Cotton Market Outlook, By Organic Cotton (2021-2030) ($MN)
- Table 117 Middle East & Africa Cotton Market Outlook, By Genetically Modified (GM) Cotton (2021-2030) ($MN)
- Table 118 Middle East & Africa Cotton Market Outlook, By Other Types (2021-2030) ($MN)
- Table 119 Middle East & Africa Cotton Market Outlook, By End User (2021-2030) ($MN)
- Table 120 Middle East & Africa Cotton Market Outlook, By Textile Industry (2021-2030) ($MN)
- Table 121 Middle East & Africa Cotton Market Outlook, By Medical Industry (2021-2030) ($MN)
- Table 122 Middle East & Africa Cotton Market Outlook, By Automotive Industry (2021-2030) ($MN)
- Table 123 Middle East & Africa Cotton Market Outlook, By Footwear Manufacturers (2021-2030) ($MN)
- Table 124 Middle East & Africa Cotton Market Outlook, By Fashion & Accessories Brands (2021-2030) ($MN)
- Table 125 Middle East & Africa Cotton Market Outlook, By Paper Industry (2021-2030) ($MN)
- Table 126 Middle East & Africa Cotton Market Outlook, By Other End Users (2021-2030) ($MN)
