Market Research Future (MRFR) has published a cooked research report on the “Global Cotton Yarn Market” that contains information from 2018 to 2032. The Cotton Yarn market is estimated to register a CAGR of 7.50% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Cotton Yarn market— Texhong, Weiqiao Textile, Huafu, Henan Xinye Textile, BROS, China Resources, Huamao, Lutai Textile, Guanxing, Hengfeng, Shandong Ruyi, Huafang., and others.
Cotton Yarn Market Highlights
The global Cotton Yarn market is accounted to register a CAGR of 7.50% during the forecast period and is estimated to reach USD 120.40 billion by 2032.
The Cotton Yarn Market involves the production and distribution of yarn made from cotton fibers. This market caters to various textile industries, where cotton yarn is used to manufacture a wide range of products, such as clothing, home textiles, and industrial fabrics.
Segment Analysis
The global Cotton Yarn market has been segmented based on type and application
On the basis of type, the market is segmented into carded yarn, combed yarn, and others. With 40%–45% of market revenue coming from the carded yarn category, it controlled the market. Woollen strands are often produced from carded yarn to make a variety of textiles. These kinds are more often used in the production of textiles because they are less expensive than combed yarn.
Based on application, the global Cotton Yarn market has been segmented into apparel, home textiles, industrial textiles, and others. The apparel segment generated the most revenue. Increased e-commerce penetration, disposable income, and clothing expenditure per capita, particularly in developing economies, will likely stimulate market expansion.
Regional Analysis
The global Cotton Yarn market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Cotton Yarn market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Cotton Yarn market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Cotton Yarn market comprises of Middle East, Africa, and Latin America.
The North American Cotton Yarn Market dominated this market in 2022 The rise of this region can be attributed to a number of factors, including an increase in consumer demand for goods without polyester threads and rising demand for natural fibres.
The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil are additional significant nations covered in the market analysis.
Additionally, the second-largest market share for Cotton Yarn is held by Europe. Demand for home and apparel textiles is expected to fuel this expansion. Due to the increased demand for natural fibres, the cotton yarn market is predicted to develop moderately over the forecast period.
Moreover, the cotton yarn market in Asia-Pacific is anticipated to expand at the quickest CAGR between 2023 and 2032. Due to its expanding population and rising demand, the region is predicted to have the greatest CAGR during the projected time period. The presence of important countries like India, China, Japan, and Southeast Asia is principally responsible for the fast growth of the textile industry in the Asia-Pacific region. Due to China's vast production capacity and the presence of multiple industry leaders, the country's garment sector is growing quickly. Demand for cotton-based yarn is expected to rise throughout the forecast period as a result of expanding urbanisation and consumer garment spending.
Key Findings of the Study
- The global Cotton Yarn market is expected to reach USD 120.40 billion by 2032, at a CAGR of 7.50% during the forecast period.
- The North American Cotton Yarn Market dominated this market in 2022 The rise of this region can be attributed to a number of factors, including an increase in consumer demand for goods without polyester threads and rising demand for natural fibres.
- Based on application, The apparel segment generated the most revenue.
- Texhong, Weiqiao Textile, Huafu, Henan Xinye Textile, BROS, China Resources, Huamao, Lutai Textile, Guanxing, Hengfeng, Shandong Ruyi, Huafang., and others.
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Companies Covered | 15 |
Pages | 128 |
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