openPR Logo
Press release

Cotton Processing Market Expected to Reach $72.6 billion by 2023 | Key Players Include - Lummus Corp, Toyota Industries, Cherokee Fabrication

12-11-2018 11:31 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets™

MarketsandMarkets

MarketsandMarkets

The report "Cotton Processing Market by Product (Lint, Cottonseed), Application (Textiles, Medical & surgical, Feed, Consumer goods), Equipment [Ginning (Saw, Roller), Spinning], Operation (Automatic, Semi-automatic), and Region – Global Forecast to 2023" The market for cotton processing is estimated at USD 59.7 billion in 2018 and is projected to grow at a CAGR of 4.0% from 2018 to 2023, to reach USD 72.6 billion by 2023. The increase in demand in the textile industry, adoption of cottonseed meal as feed for ruminants, and the rising number of surgeries and operations have been propelling the consumption of cotton, leading to the rising demand for cotton processing globally.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=223254896

The lint segment is estimated to account for the largest share in the cotton processing market in 2018.

On the basis of product type, the cotton processing market has been segmented into lint, cottonseed, and others. The lint segment is estimated to account for the largest share in 2018. Cotton lint is widely used for manufacturing different types of surgical bandages, apparels, and household textiles. Over the years, the rise in urbanization and change in the lifestyle of consumers have led to an increase in the demand for textiles, which, in turn, is projected to drive the growth of the lint segment further.

The textile segment is estimated to dominate the cotton processing market, by application, in 2018.

The textile segment is estimated to account for the largest share of the global cotton processing market in 2018. The textile industry witnesses a significant demand for effective cotton processing techniques. Raw cotton is used as a key ingredient in the textile manufacturing applications, and there are no raw materials to substitute it. This leads to an increased demand in the textile industry. With the increasing purchasing power and technological advancements for expanding the production capacity of cotton in improving the fabric quality, the demand for processed cotton is projected to remain high globally.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=223254896

The spinning segment is estimated to dominate the cotton processing equipment market, by type, in 2018.

The spinning segment is estimated to account for the largest share of the global cotton processing equipment market in 2018. Spinning is considered one of the most important processes in the textile and pharma industries and is used to convert baled cotton into yarn or thread to produce high-strength yarns. With the increasing demand for cotton in textile and medical & surgical applications, the demand for spinning is projected to remain high globally.

The automatic segment is estimated to dominate the cotton processing ginning equipment market, by type, in 2018.

The automatic segment is estimated to account for the largest share of the global cotton processing ginning equipment market in 2018. Cotton processors are increasingly focusing their attention on achieving low production costs, rapid turnaround time, and higher yields. This is facilitated by incorporating advanced automated technologies. Fully automated processing plants contribute to reduced labor costs and help in achieving operational efficiencies.

Asia Pacific to be the dominant region in the cotton processing market in 2018.

Asia Pacific is estimated to be the dominant region in the cotton processing market in 2018. This is due to wide cotton cultivation in countries such as China, India, Pakistan, and Uzbekistan. The countries in the region have favorable climatic conditions for cotton production. This encourages cotton processors to invest in the cotton processing market in this region. Furthermore, growing concerns about hygiene and technological advancements in the healthcare sector in developing countries have led to an increase in the consumption of raw cotton, which, in turn, is expected to increase the demand for cotton processing solutions and equipment.

This report includes a study of marketing and development strategies along with the product portfolios of the leading companies in the cotton processing market. It includes the profiles of leading companies such as Lummus Corp (US), Bajaj Steel Industries Limited (India), Nipha Exports Private Limited (India), Shandong Swan Cotton Industrial Machinery Stock Co., Ltd. (China), Cherokee Fabrication (US), Reiter (Switzerland), and Toyota Industries (Japan).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Cotton Processing Market Expected to Reach $72.6 billion by 2023 | Key Players Include - Lummus Corp, Toyota Industries, Cherokee Fabrication here

News-ID: 1431748 • Views: 165

More Releases from MarketsandMarkets™

AI Governance Market 2022-2026 by Components, Verticals & Region, Emerging Key P …
AI Governance Market size to grow from USD 50 million in 2020 to USD 1,016 million by 2026, at a Compound Annual Growth Rate (CAGR) of 65.5% during the forecast period. Various factors such as increase in government initiatives to leverage the AI technology, rise in need for building trust in AI systems and growth in demand for transparency in AI decisions, and growth in regulatory compliances around the technology
Near Infrared Imaging/NIR Market - Industry Share Analysis, Key Players and Futu …
The Research Report on "Near Infrared Imaging/NIR Market by Product (Fluorescence Imaging, Reagents), Application (Preclinical, Clinical, Medical), Procedure (Cancer, GIT, Plastic surgery), Enduser (Hospital, Clinics, Researchers, Pharma-biotech) (2022 - 2026)", is expected to grow from an estimated USD 0.8 billion in 2021 to USD 1.6 billion by 2026, at a CAGR of 14.0%. Growing number of surgical procedures globally; Globally, the number of surgical procedures is on the rise owing to the
Endoscope Reprocessing Market - Industry Share Analysis, Key Players and Future …
The Research Report on "Endoscope Reprocessing Market by Product (HLD and Test Strips, Detergents & Wipes, Automated Endoscope Reprocessors (AER), Endoscope Drying, Storage, & Transport Systems, Tracking Solutions), End User (Hospitals, ASCs & Clinics) (2022 - 2027), is projected to reach USD 3.8 billion by 2027 from USD 2.4 billion in 2022, at a CAGR of 9.7% from 2022 to 2027. Increasing requirement for endoscopy to diagnose and treat target diseases; Endoscopy
Chatbot Market Size, Share, Trends, Current and Future Analysis | $10.5 billion …
Chatbot Market size to grow from USD 2.9 billion in 2020 to USD 10.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 23.5% during the forecast period. The adoption of chatbot solutions is considerable and is projected to grow at a good pace in the coming years. Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=72302363 One of the factors contributing to the growth of the chatbot market is the increase in

All 5 Releases


More Releases for MarketsandMarkets

IoT Professional Services Market worth $149.9 billion by 2026 | MarketsandMarket …
According to a new market research report "IoT Professional Services Market by Service Type (IoT Consulting, IoT Infrastructure, System Designing and Integration), Organization Size, Deployment Type, Application (Smart Buildings, Smart Transport and Logistics), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size projected to grow from USD 98.8 billion in 2020 to USD 149.9 billion in 2026, at a Compound Annual Growth Rate (CAGR) of 7.2%
Electric Powertrain Market Insights by 2027| MarketsandMarkets
The Global Electric Powertrain Market size is projected to reach $191.4 billion by 2027, from an estimated $62.9 billion in 2019, at a CAGR of 14.9 %. The electric powertrain market is expected to witness rapid growth due to stringency in emission norms which is pushing automakers to come up with electrified powertrain technologies. Between 2025 and 2030, emission standards would require automakers to reduce CO2 emissions by 15% and
Automotive Interior Market - Global Forecast to 2025 | MarketsandMarkets
According to the new market research report "Automotive Interior Market by Component (Seat, Interior Lighting), Material (Glass Composite, Carbon Composite, Metal, Vinyl, Fabric), Autonomous Driving (Semi-autonomous, Autonomous), Electric Vehicle, Vehicle Type and Region - Global Forecast to 2025 " Published by MarketsandMarkets™, The global Automotive Interior Market is projected to reach USD 153.8 billion by 2025 from USD 123.2 billion in 2020, at a CAGR of 8.8% during the forecast
Automotive Fuse Market Insights by 2025| MarketsandMarkets
The Automotive Fuse Market is projected to grow at a CAGR of 6.84% during the forecast period, to reach $24.33 Billion by 2025 from $14.33 Billion in 2017. The market is estimated to grow in the near future owing to various factors such as an increase in vehicle production, growing electrification, growing importance of safety & comfort features in mid-segment vehicles which will lead to increase in the number of
Global Connected Car Market by 2025| MarketsandMarkets
According to recent research "Connected Car Market by Service (Connected Services, Safety & Security, and Autonomous Driving), Form (Embedded, Tethered, and Integrated), Network (DSRC, and Cellular), End Market, Transponder, Hardware, and Region - Global Forecast to 2025", The global connected car market is estimated to be USD 72.89 billion in 2017 and is projected to reach USD 219.21 billion by 2025, at a CAGR of 14.8% from 2017 to 2025.
Vehicle Diagnostics Market by Vehicle Type, Application, Connectivity - 2021 | M …
The report "Vehicle Diagnostics Market by Vehicle Type, Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert & Roadside Assistance), Connectivity (3G, 4G LTE, Wi-Fi, Bluetooth), Region, & Aftermarket (Vehicle Type & Region) - Forecast to 2021", The vehicle diagnostics market is projected to reach a market size of USD 30.22 Billion by 2021, growing at a CAGR of 16.79% from 2016 to 2021. Stringent emission norms, the rising demand