Market Size of Europe Cotton Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 8.08 Billion |
| Market Size (2029) | USD 10.27 Billion |
| CAGR (2024 - 2029) | 4.91 % |
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Europe Cotton Market Analysis
The Europe Cotton Market size is estimated at USD 8.08 billion in 2024, and is expected to reach USD 10.27 billion by 2029, growing at a CAGR of 4.91% during the forecast period (2024-2029).
- Europe is one of the largest consumers of cotton crops after Asia-Pacific and North America. However, cotton production in Europe is comparatively low compared to other regions. Among the European countries, Greece is the largest producer and exporter of cotton. There are more than 45,000 cotton farmers in the country, and cotton is currently planted on approximately 270,000 hectares, accounting for 10% of the total agricultural land. Thessaly, Macedonia, Thrace, and Mainland Greece are the major cotton-producing areas of Greece.
- Cotton in Greece is planted from March to April, and the crop life cycle is usually 170-210 days, depending on the variety and weather conditions. The cotton harvest typically occurs from October to November, and the European market is completely open, with no excise duties on cotton. The increased domestic consumption has made the market import-driven.
- The EU provides some crop-specific payment for cotton, limited to a certain base area per EU country. To be eligible, farmers must only grow cotton on land authorized by the EU country, using authorized seed varieties and subject to minimum quality of harvested cotton. This crop-specific payment aims to ensure risk against any disruption to production in the cotton-producing regions.
