Market Size of North America Cotton Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.91 % |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Cotton Market Analysis
The North America Cotton Market size is estimated at USD 13.48 billion in 2023, and is expected to reach USD 17.13 billion by 2028, growing at a CAGR of 4.91% during the forecast period (2023-2028).
- Cotton is one of North America's leading cash crops and the major regional market for cotton export. In North America, two main species of cotton are cultivated commercially: Upland cotton and Pima (extra-long staple) cotton. Upland cotton comprises the vast majority of production. For instance, according to the US Department of Agriculture (USDA), Upland cotton accounted for 97% of the total production in the United States in 2021.
- The United States produced almost 5 million more bales in 2021 compared to 2020. Recent technological advances such as biotechnology, various improvements, and the success of the boll weevil eradication program have increased cotton productivity across the country. However, there has been a reduction in cotton production from 2018 onwards in Mexico due to a ban on genetically modified (GM) cotton. The government has imposed no new guidelines regarding the approval of GM cotton in the country.
- The United States is North America's largest cotton-producing and exporting country, with 20% of the world's production in 2021. Texas is the largest producer, contributing approximately 40% of the United States cotton production. Cotton cultivation has been continuously increasing due to the global demand from the textile industry, which is the prime driver of the market.
