|Study Period:||2016 - 2026|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||Asia Pacific|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The cotton processing market is projected to register a CAGR of 4.1% during the forecast period, 2021-2026. The restrictions imposed, aiming at containing COVID-19, have resulted in the shutting down of ginning mills due to decreased demand for yarn and fabrics. The market has suffered various challenges in terms of procurement of raw materials, production, transportation problems, non-availability of skilled labor, sale of products, export, and import orders cancellation due to COVID-19 related restrictions. Hence, COVID-19 has a negative impact on the cotton processing market. The market is likely to be driven by the rising demand for processed cotton, especially from the cotton textile and medical and surgical markets. Raw cotton is used as a key ingredient in textile manufacturing applications, and there are no raw materials to substitute it. Hence, the textile segment has accounted for the largest share of the global cotton processing market as of 2019. The market is dominated by the Asia Pacific region owing to the high production of cotton in the countries of China, India, and Pakistan. Cotton lint finds application in manufacturing different types of surgical bandages, apparel, and household textiles. The rise in urbanization and change in the lifestyle of consumers has led to an increase in the demand for textiles, which, in turn, is projected to drive the growth of the lint segment further.
Scope of the Report
The cotton processing market includes machinery used to convert raw cotton into forms utilized by several industries, like medical and textile. The cotton processing market is segmented by product type (lint, cottonseed, and other product types), application (textiles, surgical and medical, feed, and other applications), equipment (spinning, ginning, and other equipment), operation (automatic, semi-automatic, and other operations), and geography (North America, Europe, Asia Pacific, South America, and Africa).
|By Cotton Product Type|
|Other Product Types|
|Surgical and Medical|
Key Market Trends
Increasing Textile Production is Driving the Market
In recent years, the production of textiles for both apparel and non-apparel use has increased globally. The textile industry is also a major sector of the global economy, employing hundreds of millions around the world, and thus, it is driven by an increasing global population. Textiles used in automobiles are generally non-apparels broadly used in cars, buses, and trains, and the market is also experiencing good growth owing to the flourishing automobile production and rapid industrialization in emerging nations across the world. The emerging textile markets worldwide rely on the cotton processing market for raw materials, which is driving the market, globally. The cotton lint segment experiences the highest demand from the textile industry. The rise in urbanization and change in the lifestyle of consumers has led to an increase in the demand for textiles, which, in turn, is projected to drive the growth of the lint segment further. Additionally, the growing awareness about product quality among consumers is projected to reflect positively on the growth of the cotton processing market in the coming years.
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Asia Pacific Leads the Cotton Processing Market
Asia Pacific dominates the current cotton processing market, which is also estimated to lead the market in the forecast period. Some factors influencing this dominance in the market include the rising textile industry, consumer goods, and animal feed in countries, like China, India, Bangladesh, and Pakistan. The countries in the region have favorable climatic conditions for cotton production. This encourages cotton processors to invest in the cotton processing market in the region. Additionally, the rising incidents of chronic diseases and accidents and increasing awareness and hygiene concerns among consumers have given rise to the consumption of processed cotton in hospitals and medical use. Moreover, technological advancements to increase productivity are propelling the market further.
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The global cotton processing market is consolidated, with a few significant players occupying a majority of the market share. The leading players in the market, like Lummus Corp. and Bajaj, focus on increasing their presence through undertaking investments and expansions and developing products specific to consumer preferences in these regions. Most of the major companies have a strong presence in the Asia Pacific and North American regions.
In July 2020, Lummus Technology was acquired by Haldia Petrochemicals Limited and Rhône Capital. The acquisition objective is to develop strategies to deliver technology and services to a broader customer base.
In November 2017, Bajaj Steel Industries Limited (India) received a contract of opening three cotton ginning factories from Cotton, Spinning, Weaving, and Garments Holding Company (Egypt). This factory may be based on rotobar ginning technology and may help Bajaj steel to expand its business in Egypt.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Powers of Buyers
4.4.2 Bargaining Powers of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat from Substitute Products and Services
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Cotton Product Type
5.1.3 Other Product Types
5.2 By Application
5.2.2 Surgical and Medical
5.2.4 Other Applications
5.3 By Equipment
5.3.3 Other Equipment
5.4 By Operation
5.4.3 Other Operations
5.5 By Geography
5.5.1 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
5.5.3 Asia Pacific
18.104.22.168 Rest of Asia Pacific
5.5.4 South America
22.214.171.124 Rest of South America
126.96.36.199 South Africa
188.8.131.52 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Bajaj Group of Companies
6.3.2 Balkan Group of Companies
6.3.3 Bhagwati Engineering Works
6.3.4 CAMOZZI GROUP SpA
6.3.5 Cherokee Fabrication
6.3.6 Karunanand Hydropneumatic Controls (P)
6.3.7 Lummus Corp.
6.3.8 Mitsun Engineering
6.3.9 NIPHA EXPORTS PRIVATE LIMITED
6.3.11 SAMUEL JACKSON INC.
6.3.12 Shandong Swan Cotton Industrial Machinery Stock Co.
6.3.13 Toyota Industries Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Cotton Processing Market market is studied from 2016 - 2026.
What is the growth rate of Cotton Processing Market?
The Cotton Processing Market is growing at a CAGR of 4.1% over the next 5 years.
Which region has highest growth rate in Cotton Processing Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Cotton Processing Market?
Asia Pacific holds highest share in 2020.
Who are the key players in Cotton Processing Market?
Lummus Corp., NIPHA EXPORTS PRIVATE LIMITED, Bajaj Group of Companies, Shandong Swan Cotton Industrial Machinery Stock Co., Cherokee Fabrication are the major companies operating in Cotton Processing Market.