Market Size of Cotton Processing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.10 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Cotton Processing Market Analysis
The cotton processing market is projected to register a CAGR of 4.1% during the forecast period,
- 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.
- In 2022, The Noida Apparel Export Cluster (NAEC) seeked intervention from the government in containing the high cost of cotton yarn and fabrics, saying rising prices are impacting exporters. Indian exporters are losing export orders and facing tough competition in the global export market. Moreover, they are also losing the confidence of the importers and hurting production costs. NAEC president suggested control of cotton exports, removal of 10 percent cotton import duty, and development of a mechanism to regulate the prices of cotton and other raw materials to support the sector. This will raise the growth of the market in the coming years.
- The textile industry's production of fiber through the manufacturing of consumer end products is complicated, with the content of the material often determining the end use. So, The federal government of the United States and the government of India has enacted several laws and regulations governing the sale of textile fibers, materials, and products within the country. According to the Textile Fiber Products Identification Act (TFPIA), specific information about the fiber content of textile products must be included on labels that are prominently attached and securely affixed to the item at the time of sale and delivery to the final consumer. This will develop the bonding between consumers and manufacturers for building the cotton sector and will drive the market to grow during the anticipated years.
- 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.
