What is Global Cotton Yarn Market?
The Global Cotton Yarn Market is a vast and dynamic sector that encompasses the production, distribution, and sale of cotton yarn on an international scale. Cotton yarn, a type of thread spun from the fibres of the cotton plant, is a staple in the textile industry due to its versatility, durability, and comfort. The market for this product is truly global, with supply chains stretching from cotton fields in the United States, India, and China to textile mills and garment factories around the world. The market's size and value are determined by a variety of factors, including the price of raw cotton, the demand for cotton products, and the efficiency of the spinning process. In 2022, the Global Cotton Yarn Market was valued at a staggering US$ 78030 million, demonstrating the significant economic impact of this industry. However, the market is not static. It is projected to grow to US$ 100240 million by 2029, reflecting a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period of 2023-2029. This growth is driven by a variety of factors, including increasing demand for cotton products, technological advancements in the spinning process, and the expansion of the textile industry in developing countries.
Carded Yarn, Combed Yarn, Others in the Global Cotton Yarn Market:
The Global Cotton Yarn Market is segmented into different types of yarn, including Carded Yarn, Combed Yarn, and others. Carded Yarn is a type of cotton yarn that is produced by aligning the fibres in a parallel fashion and then twisting them together. This process results in a yarn that is soft, bulky, and has a high degree of loft. On the other hand, Combed Yarn is produced by combing the fibres before spinning, which aligns the fibres in a more parallel fashion and removes any short fibres. This results in a yarn that is finer, stronger, and more lustrous than carded yarn. The "Others" category includes various other types of cotton yarn that are produced using different spinning techniques or blends of fibres. Each type of yarn has its own unique properties and uses, and the demand for each type varies depending on the needs of the textile industry and consumer preferences.
Apparel, Home Textiles, Industrial Textiles, Others in the Global Cotton Yarn Market:
The Global Cotton Yarn Market serves a variety of end-use sectors, including Apparel, Home Textiles, Industrial Textiles, and others. In the Apparel sector, cotton yarn is used to produce a wide range of garments, from everyday clothing items like t-shirts and jeans to high-end fashion pieces. The Home Textiles sector uses cotton yarn to produce items like bed linens, towels, and curtains, while the Industrial Textiles sector uses it to produce items like medical gauze, filters, and industrial workwear. The "Others" category includes various other uses of cotton yarn, such as in the production of handicrafts or in the automotive industry. Each of these sectors has its own unique demands and trends, and the Global Cotton Yarn Market must adapt to meet these needs.
Global Cotton Yarn Market Outlook:
The Global Cotton Yarn Market is a highly competitive and fragmented market, with numerous players vying for market share. In 2022, the market was dominated by China, which accounted for about 38% of the total market share. This is not surprising, given China's status as the world's largest producer and consumer of cotton. India followed closely behind, accounting for about 29% of the market share. Despite the dominance of these two countries, the market is not monopolized. The top three companies in the Global Cotton Yarn Market only accounted for about 6% of the total market share, indicating that there is a wide array of companies involved in the production and distribution of cotton yarn. This competitive landscape encourages innovation and efficiency, as companies strive to gain an edge over their competitors.
| Report Metric | Details |
| Report Name | Cotton Yarn Market |
| Accounted market size in 2022 | US$ 78030 in million |
| Forecasted market size in 2029 | US$ 100240 million |
| CAGR | 3.6% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Texhong, Weiqiao Textile, Huafu, Henan Xinye Textile, BROS, China Resources, Huamao, Lutai Textile, Guanxing, Hengfeng, Shandong Ruyi, Huafang, Sanyang, Dasheng, Lianfa, Vardhman Group, Nahar Spinning, Alok, Trident Group, KPR Mill Limited, Nitin Spinners, Aarti International, Spentex, Daewoo, Bitratex Industries, Nishat Mills, Fortex, Parkdale |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
