Market Overview:
The global cottonyarn market size was valued at USD 82.81 billion in 2023 and is projectedto grow from USD 86.11 billion in 2024 to USD 117.79 billion by 2032,
exhibiting a CAGR of 4.0% during the forecast period. The rise is being credited to the uniquecharacteristics of yarn that influence the quality of finished textile goods.
Thisinformation is provided by FortuneBusiness Insights™ in its research report, titled “Cotton Yarn Market, 2024-2032”.
List of Key Players Mentioned in the Report:
- Texhong (China)
- Vardhman Group (India)
- BROS (China)
- Weiqiao Textile (China)
- Lutai Textile (China)
- Huafu (China)
- Alok (India)
- Huamao (China)
- China Resources (China)
- Nahar Spinning (India)
- Nishat Mills (Pakistan)
- Trident Group (India)
- Fortex (Vietnam)
- Aarti International (India)
- KPR Mill Limited (India)
Segments:
Carded Yarn Segment to Record AppreciableGrowth Due to Surging Product Adoption in Textile Manufacturing
On thebasis of type, the market is segmented into combed yarn, carded yarn, and
others. Of these, the carded yarn segment is estimated to depict considerable
expansion over the forecast period. The rise is due to the increasing usage of
the product for manufacturing woolen threads.
Apparel Segment to Depict Substantial ExpansionOwing to Growing Yarn Demand
Based onapplication, the market is fragmented into textiles, apparel, and others. The
apparel segment is set to register commendable growth over the estimated
period. The surge can be attributed to the escalating disposable income,
growing penetration of e-commerce, and others.
Based ongeography, the market for cotton yarn has been analyzed across North America, Europe,
Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The reportgives an in-depth analysis of the significant trends that are expected to drive
the global industry outlook over the forthcoming years. It further delves into
the key factors boosting market expansion throughout the projected period.
These insights have been provided after extensive research and data collation
from credible sources.
Drivers and Restraints:
Market Value to Rise Owing to Increasing Supportfrom Government Bodies
One of thekey factors propelling the cotton yarn market growth is the increase in
government initiatives for supporting the growth of their domestic textile
sectors. These initiatives are focused on skill development, creation of
infrastructure, and sectoral development in the textile sector.
However,the industry expansion could be hampered due to the high price of the product
compared to synthetic yarn.
Regional Insights:
Asia Pacific to Gain Traction Driven by SurgingProduct Demand from the Increasing Population
The AsiaPacific cotton yarn market share is expected to record substantial expansion
over the projected period. The rise can be credited to the escalating product
demand from the growing population and an increase in consumer expenditure in
the region.
The Europemarket is estimated to grow at a lucrative pace over the analysis period. The
surge is being driven by the growing demand for raw materials and technical
textiles over the forthcoming years.
Competitive Landscape:
Pivotal Players Enter into PartnershipAgreements to Expand Product Reach
Majorcotton yarn companies are focused on the adoption of a series of strategic
steps such as mergers, acquisitions, and the formation of alliances to
strengthen their position in the market. Some industry players are also
undertaking research activities for the development of new products.
Key Industry Development:
May 2022 – Texhong shared plans to establish a keyfacility in Vietnam to sharply boost its fabric production. The move was taken
in a bid to complement the company’s cotton based yarn business.
