Cotton Market Size And Forecast
CottonMarket is growing at a faster pace with substantial growth rates over the lastfew years and is estimated that the market will grow significantly in theforecasted period i.e., 2021 to 2028
Withthe growth of global textile mills and the apparel manufacturing market, thecotton industry is witnessing an extremely significant upsurge. Consumers’tastes and preferences are driving the growth of the cotton market worldwide.The Global Cotton Market report provides a holistic evaluation of the market.The report offers a comprehensive analysis of key segments, trends, drivers,restraints, competitive landscape, and factors that are playing a substantialrole in the market.
GlobalCotton Market Definition
Thecotton market is accounting for one-third of total fibers manufacturedworldwide as it is the most utilized natural fiber in textiles. Cotton is anexport crop even though its processing takes place mostly in the main producingcountries like China and India. Cotton is a soft natural fiber that grows onshrubs in tropical and subtropical regions around the world. Cotton is a staplein the textiles industry where India is the largest cotton producer in theworld.
Knittedor woven into many types of fabrics that are used to make cloth and otherhousehold items. These cotton fabrics include Flannel, Chambray, Jersey,Velour, and Corduroy. It’s utilized in other varied products that include coffeefilters, archival papers, fishnets, and bookbinding. Cotton is classified intovarious categories such as Levant cotton, extra-long-staple cotton, uplandcotton, and tree cotton.
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Cottonis also utilized in the form of cooking oil along with cottonseed which is usedin many consumer products, moreover products like emulsifiers, pharmaceuticals,soap, plastics margarine rubber, cosmetics, and so on.
X-rays, Swabs, Bandages, and Banknotes are some of the products in whichLinters are used. The important factors that drive the cotton prices areGovernment policies, global stockpiles, US dollar, oil prices, global demand,climate, price of substitutes, and so on.
GlobalCotton Market Overview
Consumers’tastes and preferences are driving the growth of the cotton market worldwide.There has been a switch in consumer preference for acid-based crude oilpolyester, and the desire for a pollution-free fiber. Thus, the pricecompetition has shifted toward cotton that of polyester and cotton. It has ledto a decrease in polyester manufacturing as it was causing water and airpollution.
Economicgrowth has been one of the key factors propelling the expansion of the marketalong with the demand. The slowdown in economic growth has led to a decrease indemand for cotton and its products such as shirts, jeans, etc. The substantialsubstitute for cotton has been polyester clothing, which is cheaper thancotton. Cotton production has increased around the world propelling the marketdemand. Lack of rainfall and changes in weather patterns are resulting in anuneven demand and supply of cotton that leads to price changes. Particularly ata certain time significantly impact the overall production. Cotton needs 27-50inches of water yearly and thus it becomes difficult to transplant it from itsoriginal subtropic habitat. It also requires plenty of sunshine, soilfertility, and no frost.
GlobalCotton Market: Segmentation Analysis
TheGlobal Cotton Market is segmented based on Type, Application, and Geography.
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CottonMarket by Type
•Small and Medium fields
• Large fields
Onthe basis of Type, The Global Cotton Market is bifurcated into Small and Mediumfields, Large fields.
CottonMarket by Application
•Cotton fiber
• Cottonseed
• Cottonseed oil
Onthe basis of Application, The Global Cotton Market is bifurcated into Cottonfiber, Cottonseed and Cottonseed oil.
CottonMarket by Geography
•North America
• Europe
• Asia Pacific
• Rest of the world
Onthe basis of Geography, The Global Cotton Market is bifurcated into NorthAmerica, Europe, Asia Pacific, Rest of the world.
KeyPlayers in the Cotton Market
The“Global Cotton Market” study report will provide a valuable insight with anemphasis on the global market. The major players in the market are Loyal Textiles Mills Ltd, Unifi Inc.,Bombay Dyeing, Weiqiao Textile Company Limited, Fazal Group, Cotton Corporationof India, Lu Thai Textile Co. Ltd., Oswal Group, Gokak Mills, Vardhman Group.
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