USD 62.55 billion
Global Cotton Yarn Market Size, Share, Growth Analysis, By Type(Carded Yarn, Combed Yarn), By Application(Apparel, Home Textiles) - Industry Forecast 2024-2031
Report ID:
SQMIG30D2011 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
64 |
Figures:
71
Global Cotton Yarn Market Insights
Global Cotton Yarn Market size was valued at USD 62.55 billion in 2022 and is poised to grow from USD 66.94 billion in 2023 to USD 115.19 billion by 2031, growing at a CAGR of 7.02% in the forecast period (2024- 2031).
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.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
combed yarn
Growth Rate
7.02% CAGR
Global Cotton Yarn Market By Application ($ Bn)
Country Share for North America Region (%)
Global Cotton Yarn Market By Application (%)
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Global Cotton Yarn Market Segmental Analysis
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.
Global Cotton Yarn Market By Application, 2023 (%)
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Global Cotton Yarn Market Regional Insights
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.
Global Cotton Yarn Market By Region, 2024-2031
- Largest
- Fastest
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Global Cotton Yarn Market Dynamics
Drivers
Rising Demand and Awareness of Sustainability in Fashion Industry to Augment Market Growth
- Cotton yarn plays a pivotal role in apparel and textile production, serving as a fundamental component in the creation of various fabric items. Recent trends indicate a growing shift within manufacturing operations of prominent fashion houses and retailers, progressively integrating organic cotton into their supply chains. This strategic adoption has notably surged the demand for cotton products. As one of the most widely used natural fibers in the textile industry, cotton yarn stands out for its exceptional attributes.
Restraints
High Price of Cotton Yarn Relative to Synthetic Yarn is Likely to Hinder Market Growth
- The growth of the cotton yarn market faces a significant hurdle attributed to its relatively higher cost compared to readily available synthetic yarns, posing a limitation to its expansion. Factors contributing to this cost disparity include the elevated expenses associated with cottonseed, farming procedures, and raw materials, collectively elevating the overall production cost of cotton yarn. In contrast, synthetic yarns, derived from petrochemical-based raw materials through mass production methods, offer a more cost-effective alternative.
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Global Cotton Yarn Market Competitive Landscape
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
- Huafu
- Henan Xinye Textile
- BROS
- China Resources
- Lutai Textile
- Guanxing
- Hengfeng
- Shandong Ruyi
- Huafang
- Sanyang
- Dasheng
- Lianfa
- Vardhman Group
Recent Development
- In July 2023, Better Cotton, the main drive for cotton sustainability, collaborated with the Cotton Egypt Association (CEA) to upgrade the Better Cotton program in Egypt. This joint effort plans to advance and safeguard Egyptian cotton overall while progressing supportable practices in the Egyptian cotton industry.
- In September 2023, Authentic Brands Group collaborated with Taram Textiles to launch the Reebok Home Collection in the US and Canada. The collection highlights bedding and shower items propelled by Reebok's presentation ethos. Taram Textiles, known for its vertical manufacturing and circulation of delicate home merchandise, will rejuvenate this coordinated effort.
Global Cotton Yarn Key Market Trends
- The growing textile sector is poised to experience a beneficial surge, likely influenced by several factors contributing to its growth. Governments across the globe are actively engaging in initiatives aimed at bolstering their domestic textile industries, unveiling new policies and schemes to fortify these sectors. An illustrative example is the proactive approach taken by the Indian government, which has introduced various policies designed to foster the expansion of its textile sector.
Global Cotton Yarn Market SkyQuest Analysis
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 2023 | USD 62.55 billion |
| Market size value in 2031 | USD 115.19 billion |
| Growth Rate | 7.02% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Cotton Yarn Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Cotton Yarn Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global 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 Global 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cotton Yarn Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global 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.
Global Cotton Yarn Market Report Snapshots
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