USD 62.55 billion
Report ID:
SQMIG30D2011 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
71
Cotton Yarn Market size was valued at USD 66.94 Billion in 2023 and is poised to grow from USD 71.64 Billion in 2024 to USD 123.28 Billion by 2032, growing at a CAGR of 7.02% during the forecast period (2025-2032).
The surge in consumer health consciousness globally has propelled an increased preference for natural fibers, specifically boosting the consumption of cotton yarns and steering the market's growth trajectory in the forecast period. Cotton yarns find extensive use in apparel and home textile applications, offering a versatile material for various fabric creations.
Additionally, industrial textiles are witnessing a surge in popularity owing to their utilization across diverse sectors such as automotive, construction, electrical, and electronics industries, among others.
Cotton yarn, essentially composed of twisted and plied cotton fibers, serves as the fundamental material for crafting woven or knitted fabrics. The manufacturing process involves spinning raw cotton and subsequently carding it into roving, which serves as the foundational material for knitting or weaving. Carded yarn, specifically crafted from cotton, stands as a textile material capable of being spun into strands of yarn, contributing significantly to the production of a wide array of textile products.
Global Market Size
USD 62.55 billion
Largest Segment
combed yarn
Fastest Growth
Growth Rate
7.02% CAGR
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The global cotton yarn market is segmented into three segments i.e. by type, application and region. Based on type the market is segmented as, carded yarn, combed yarn, other. Based on application the market is segmented as, apparel, home textiles, industrial textiles, others. Based on Region the market is segmented as, North America, Europe, Asia-Pacific, MEA, and Latin America.
Analysis by Application
The home textiles segment plays a crucial role in the cotton yarn market, catering to a diverse range of products designed for household applications. Cotton yarn serves as a fundamental material in the creation of various home textile items such as bed linens, towels, curtains, upholstery fabrics, and other household essentials. Renowned for its comfort, breathability, and absorbency, cotton yarn remains a preferred choice for manufacturing home textiles.
In 2022, the apparel segment emerged as a significant stakeholder in the cotton yarn market, holding a substantial market share. This prominence is strongly associated with the growing demographic influence of the Gen Z and millennial population worldwide. These generations wield considerable purchasing power and demonstrate a propensity for spending notably higher amounts on clothing compared to their predecessors.
Analysis by Type
The carded yarn segment emerged as the dominant force in the market during 2022. This segment's prominence is closely linked to the carding process, a technique integral to the creation of carded yarn. Carding involves the utilization of toothed cards to meticulously eliminate short fibers and impurities from cotton, ensuring a refined quality of yarn.
The combed yarn segment occupies a significant and distinctive position within the cotton yarn market due to its specialized production process and resulting high-quality output. Combed yarn, crafted from carefully selected superior-grade cotton fibers, undergoes an additional refinement step beyond the standard carding process. This refinement involves the meticulous combing of fibers to eliminate shorter strands and impurities, resulting in a finer, smoother, and more uniform yarn compared to carded yarn.
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The textile industry in North America presents promising avenues for substantial market growth. In particular, the U.S. textile sector is characterized by its extensive fabric and yarn manufacturing capabilities, catering to a diverse spectrum of products crafted from various materials, including cotton, wool, and a multitude of synthetic fibers.
In 2022, Asia Pacific commanded a substantial market value of USD 77.21 billion, cementing its position as a frontrunner within the industry. This dominance is forecasted to persist over the estimated period, largely driven by rising demand emanating from the region's burgeoning population. The rapid expansion of the textile industry in Asia Pacific owes much to the pivotal roles played by key countries within the region, especially China, India, Japan, and Southeast Asia.
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Drivers
Rising Demand and Awareness of Sustainability in Fashion Industry to Augment Market Growth
Restraints
High Price of Cotton Yarn Relative to Synthetic Yarn is Likely to Hinder Market Growth
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The competitive environment of the global cotton yarn market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global cotton yarn market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. Cotton yarn, derived from natural cotton obtained through the harvesting of cotton plants, undergoes various spinning processes during its production. Globally, cotton yarn can be broadly classified into two primary types based on the spinning techniques employed: carded and combed yarns. These distinct types of yarn possess unique characteristics that significantly impact their intended applications and the quality of the final textile products. Combed yarn, for instance, stands out as a product manufactured from superior-grade cotton fibers, incorporating an additional step of combing beyond the carding process used in standard yarn production.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 62.55 billion |
Market size value in 2031 | USD 115.19 billion |
Growth Rate | 7.02% |
Base year | 2023 |
Forecast period | 2024- 2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Cotton Yarn Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cotton Yarn Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cotton Yarn Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cotton Yarn Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30D2011
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