Cotton Processing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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).

Market Snapshot

Cotton Processing Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: 4.1 %

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Market Overview

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
Lint
Cottonseed
Other Product Types
By Application
Textiles
Surgical and Medical
Feed
Other Applications
By Equipment
Spinning
Ginning
Other Equipment
By Operation
Automatic
Semi-Automatic
Other Operations
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
France
Italy
Spain
Germany
Rest of Europe
Asia Pacific
China
India
Japan
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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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.

Cotton Processing Market Latest Trends

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.

Cotton Processing Market Size By Region

Competitive Landscape

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.

Recent Developments

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. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Powers of Buyers

      2. 4.4.2 Bargaining Powers of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat from Substitute Products and Services

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Cotton Product Type

      1. 5.1.1 Lint

      2. 5.1.2 Cottonseed

      3. 5.1.3 Other Product Types

    2. 5.2 By Application

      1. 5.2.1 Textiles

      2. 5.2.2 Surgical and Medical

      3. 5.2.3 Feed

      4. 5.2.4 Other Applications

    3. 5.3 By Equipment

      1. 5.3.1 Spinning

      2. 5.3.2 Ginning

      3. 5.3.3 Other Equipment

    4. 5.4 By Operation

      1. 5.4.1 Automatic

      2. 5.4.2 Semi-Automatic

      3. 5.4.3 Other Operations

    5. 5.5 By Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

        4. 5.5.1.4 Rest of North America

      2. 5.5.2 Europe

        1. 5.5.2.1 United Kingdom

        2. 5.5.2.2 France

        3. 5.5.2.3 Italy

        4. 5.5.2.4 Spain

        5. 5.5.2.5 Germany

        6. 5.5.2.6 Rest of Europe

      3. 5.5.3 Asia Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 India

        3. 5.5.3.3 Japan

        4. 5.5.3.4 Australia

        5. 5.5.3.5 Rest of Asia Pacific

      4. 5.5.4 South America

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Argentina

        3. 5.5.4.3 Rest of South America

      5. 5.5.5 Africa

        1. 5.5.5.1 South Africa

        2. 5.5.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Bajaj Group of Companies

      2. 6.3.2 Balkan Group of Companies

      3. 6.3.3 Bhagwati Engineering Works

      4. 6.3.4 CAMOZZI GROUP SpA

      5. 6.3.5 Cherokee Fabrication

      6. 6.3.6 Karunanand Hydropneumatic Controls (P)

      7. 6.3.7 Lummus Corp.

      8. 6.3.8 Mitsun Engineering

      9. 6.3.9 NIPHA EXPORTS PRIVATE LIMITED

      10. 6.3.10 Rieter

      11. 6.3.11 SAMUEL JACKSON INC.

      12. 6.3.12 Shandong Swan Cotton Industrial Machinery Stock Co.

      13. 6.3.13 Toyota Industries Corporation

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Cotton Processing Market market is studied from 2016 - 2026.

The Cotton Processing Market is growing at a CAGR of 4.1% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

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.

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