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Cotton Market Qualitative Insights on Application & Outlook By Size, Share, Future Growth and Forecast

Japan, Japan, Wed, 15 Sep 2021 08:55:38 / Comserve Inc. / -- Cotton Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast

The global cotton production is projected to register a CAGR of 4.1% during forecast period (2021-2026).

Due to COVID -19, the demand for cotton is decreased to 11.0%. The imposed global restrictions has resulted in shutting down of ginning mills due to cancellation and suspension of orders by many western clothing brands. This has also effected the cotton plantations and textile plantaions for Bangladesh and India. Due to economic and logistic factors, the global trade of cotton has taken a downturn. It has effected every link in the global supply chain.

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China, India, Pakistan, and Bangladesh are the largest cotton consumers in the world, accounting for more than 65.0% of global consumption. For many years, China and India have been the major markets for cotton consumption. However, in recent years, cotton consumption has increased dramatically in Uzbekistan and Vietnam.

Key Market Trends

United States dominates the global exports

The United States plays a major role in the world cotton market, in terms of production and export of cotton. During 2019-2020, United States produced approximately 20.0 million bales of cotton, contributing to nearly USD 7.0 million of its total value. United States is the leading exporter in world's cotton market, accounting to 37.8% of global cotton exports (2019). It supports the worlds textile industries and provides oppurunities for domestic farmers to market their product globally, by participating in the global trade. Since 2016, United states export levels raised significantly.This is due to the production of high quality crop combined with the low production levels from other producers. United States is also a major player in the exports of cotton goods. As it exports majority of cotton fiber, it also imports the textiles and apparel products from India, China, Bangladesh owing to 50.0% of the country's cotton product imports.

Asia dominates the global production

According to FAOSTAT, in 2019, China and India together hold a share of 50.9% in global cotton production followed by the United States. Global cotton production is expected to grow at a slower pace than consumption during the forecast period due to the falling price trend in the international market. China leads the global production and exports market.

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In the United States, most of the cotton produced is exported due to the less developed textile industry in the country. Asia-Pacific dominates the global production but most of the cotton produced is domestically consumed. China holds the largest market share of 29.0% of the world cotton production and around 49.0% of the milled cotton used in the country. Similarly, in India, the dominance of textile sector prevails, as it consumes most of the cotton produced in the country.

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study



4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis


Request For Full Report >> Cotton Market

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Hina Miyazu

Shibuya Data Count
Tel: + 81 3 45720790

The post Cotton Market Qualitative Insights on Application & Outlook By Size, Share, Future Growth and Forecast appeared first on Comserveonline.

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