The cotton yarn market size has grown strongly recently, increasing from $69.05 billion in 2023 to $73.93 billion in 2024, with a compound annual growth rate (CAGR) of 7.1%. This growth is attributed to the expansion of the textile industry, preference for natural fibers, global cotton production, innovations in cotton yarn, and affordability and accessibility. Looking ahead, the market is expected to continue its strong growth, reaching $94.52 billion by 2028 at a CAGR of 6.3%. This future growth is driven by trends such as the rise of sustainable and organic cotton, e-commerce growth, regulatory emphasis on sustainable practices, demand in emerging markets, and circular economy initiatives. Major trends in the forecast period include technology integration in manufacturing, sustainable and organic cotton, technological innovations in spinning processes, digitalization in supply chain management, and fluctuations in cotton prices and global trade dynamics.
Major Driver In The Cotton Yarn Market
The growth of the cotton yarn market is anticipated to be driven by the increasing demand from the textile industry. Textile, encompassing materials crafted from fibers or yarn, plays a pivotal role in numerous applications, including clothing, bedding, and home decor. Cotton yarn, a favored material in the textile sector, is created by spinning individual cotton fibers into a continuous thread. Its popularity among manufacturers is attributed to qualities such as durability, breathability, and softness. In June 2022, the U.S. man-made fiber and filament, textile, and apparel shipments were valued at an estimated $65.2 billion, marking an increase from $60.8 billion in January 2021. Additionally, U.S. exports of textiles and clothing to the Western Hemisphere rose by 6.5% to $16.1 billion in 2021. Hence, the heightened demand from the textile industry is fostering the expansion of the cotton yarn market, with market sizes of $65.2 billion in 2023, $60.8 billion in 2024, and $16.1 billion in 2028.
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Cotton Yarn Market Competitive Landscape
China Resources Textiles (Holdings) Co. Ltd., Maharaja Shree Umaid Mills Limited, Aarti International, Henan Xinye Textile Co. Ltd., Huafu Fashion Co. Ltd., Vardhman Textiles Ltd., Trident Limited India, Luthai Textile Co Ltd., BROS Eastern Co. Ltd., Huafang Group Co. Ltd., Jiangsu Lianfa Textile Co. Ltd., Shandong Ruyi Technology Group Co. Ltd., Huamao Co. Ltd., Hengfeng Co. Ltd., Huafang Co. Ltd., Sanyang Textile Co. Ltd., Weiqiao Textile Company Limited, Gokul Overseas Limited, Nitin Spinners Limited, Jiangsu Dasheng Group Co. Ltd., Raymond Limited, Kedia Overseas Limited, Ambika Cotton Mills Limited, Nahar Spinning Mills Limited, Nishat Mills Limited, Huafu Top Dyed Melange Yarn Co. Ltd., Guanxing Textile Group Co. Ltd., Lingxian Hengfeng Textile Co. Ltd, Guanxing Co. Ltd., Texhong Textile Group Limited
Key Cotton Yarn Market Trend
Technological advancements are also a key trend in the cotton yarn market. Companies are developing new technologies to maintain their market position. For instance, in October 2021, Adolph Saurer AG, a Switzerland-based manufacturer of textile machines, launched the 3rd generation of its Autocoro 10 single-spindle technology. This fully automated system enhances productivity by efficiently splicing yarn ends and offers digital features like a light concept for improved performance and productivity.
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Cotton Yarn Market Segmentation
The cotton yarn market covered in this report is segmented –
1) By Type: Carded Yarn, Combed Yarn, Other Types
2) By Application: Industrial Textiles, Apparel, Home Textiles, Other Applications
3) By Distribution Channel: Online, Offline
By Geography:The regions covered in the cotton yarn market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the cotton yarn market in 2023.
The Cotton Yarn Global Market Report 2024 furnishes information about the global cotton yarn market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
