IMARC Group, a leading market research company, has recently released report titled “Cotton Yarn Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The study provides a detailed analysis of the industry, including the global cotton yarn market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the cotton yarn market?
The global cotton yarn market size reached US$ 75.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 126.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.87% during 2024-2032.
Factors Affecting the Growth of the Cotton Yarn Industry:
- Rising Product Demand in the Textile Industry:
The increasing demand for cotton yarn in the textile industry, which encompasses clothing, home furnishings, and industrial applications, is one of the major factors boosting the market growth. In line with this, the rising product popularity owing to its natural properties, such as breathability, comfort, and versatility, is favoring the market growth. Along with this, the ongoing shift in consumer preferences towards more sustainable and eco-friendly products, boosting the adoption of cotton yarn as a preferable choice over synthetic fibers, is catalyzing the market growth. Additionally, the expansion of online retail platforms that make it easier for consumers to access a wider range of cotton-based products is fueling the market growth.
- Rapid Technological Advancements in Cotton Yarn Production:
The rising innovations in spinning technology, such as ring spinning, open-end spinning, and compact spinning, that enhance the efficiency and quality of cotton yarn production are contributing to the market growth. These technologies enable manufacturers to produce yarns with superior strength, uniformity, and reduced imperfections, catering to the high standards of the textile industry. Besides this, the introduction of automation and digitalization in the spinning process to streamline production, reduce labor costs, and minimize errors is favoring the market growth. Moreover, rapid advancements in genetic engineering leading to the development of high-yield and pest-resistant cotton varieties, thus ensuring a stable supply of raw materials for yarn production, is fostering the market growth.
- Implementation of Favorable Government Policies and Trade Agreements:
The imposition of various government policies and trade agreements to support the cotton and textile industries as they recognize their importance in economic growth and employment is fueling the market growth. In line with this, the introduction of subsidies to cotton farmers to ensure a stable and affordable supply of raw materials for the yarn industry is fostering the market growth. Apart from this, the rising focus on trade agreements that facilitate the export of cotton yarn to international markets is boosting the market growth. Additionally, the establishment of regulatory frameworks that promote sustainable farming practices and organic cotton production to align with global environmental goals is strengthening the market growth.
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Global Cotton Yarn Market Trends:
The increasing integration of smart textiles and wearable technology that monitor health metrics, enhance athletic performance, and provide comfort, is positively influencing the market growth. Additionally, the rise of the circular economy, prompting companies to invest in technologies that enable the production of yarn from post-consumer textile waste, thus reducing environmental impact and catering to eco-conscious consumers, is fueling the market growth. Furthermore, the growing emphasis on traceability and transparency in the supply chain, as consumers and brands demand more information about the origin of their cotton and the conditions under which it is produced, is catalyzing the market growth.
Cotton Yarn Market Report Segmentation:
Breakup by Type:
- Carded Yarn
- Combed Yarn
- Others
Carded yarn accounted for the largest market share as it is widely used in various textile applications due to its cost-effectiveness and versatility.
Breakup by Application:
- Apparel
- Textiles
- Others
Apparel represented the largest segment as the fashion and clothing industry is the primary consumer of cotton yarn.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America's dominance in the cotton yarn market is attributed to its advanced textile industry, high consumer spending on apparel, and significant investments in sustainable and high-quality cotton production.
Who are the key players operating in the industry?
The report covers the major market players including:
- Aarti International Limited
- Alok Industries Ltd.
- Ambika Cotton Mills Limited
- Coats Group plc
- Damodar Group
- Fortex
- Huafang Group
- KPR Mill Limited
- Maharaja Shree Umaid Mills Limited
- Nahar Spinning of Companies
- Nitin Spinners Ltd.
- Vardhman Textiles Ltd.
- Weiqiao Textile Company Limited (Shandong Weiqiao Pioneering Group)
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