Cotton Processing Market to Reach US$ 72.6 Billion by 2023| Global Major Manufacturers, Production and Sales Market Comparison

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Top Companies profiled in the Cotton Processing Market include:
Lummus Corp
Nipha Exports Private Limited
Bajaj Steel Industries Limited
Shandong Swan Cotton Industrial Machinery Stock
Cherokee Fabrication
Mitsun Engineering
Balkan Group of Companies
Bhagwati Engineering Works
Karunanand Hydropneumatic Controls (P)
Samuel Jackson
Rieter
Toyota Industries
Camozzi Group

The Cotton Processing Market is estimated at US$ 59.7 Billion in 2018 and projected to grow at a CAGR of 4.0%, to reach US$ 72.6 Billion by 2023. The growth of the cotton processing market is driven by the increasing demand for cotton in the textile industry.

“The Lint segment is estimated to account for the largest share in 2018.”
Based on Product Type, the lint segment is estimated to account for the largest share in the cotton processing market in 2018. This is due to the rising urbanization and changing lifestyle of consumers; this has led to an increase in the demand for textiles, which, in turn, is projecting to drive the growth of the lint segment. However, the rising number of accidents and chronic diseases is also increasing the consumption of processed cotton and cotton bandages globally.

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“The Textile segment is estimated to account for the largest share in 2018.”
Based on Application, the textile segment is estimated to account for the largest share in the cotton processing market in 2018. This is due to the changing preferences of consumers toward different types of apparel in developing countries. This hassled to an increase in the usage of different fabrics in the textile industry. Moreover, the increasing investments and policy support by governments is expected to fuel the growth of the textile industry in countries such as India and China.

“The Spinning segment is projected to be the fastest-growing segment in the cotton processing equipment market.”
Based on Type, the spinning segment is projected to be the fastest-growing segment during the forecast period.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. The rising textile and medical & surgical industries have increased the demand for spinning machinery in APAC, Europe, and African countries.

“The Automatic segment of the cotton processing ginning equipment market is estimated to account for the largest share in 2018.”
Based on Operation, the automatic segment is estimated to account for the largest share in the cotton processing ginning equipment market in 2018. This is due to the high productivity provided by automatic machines in less time. Installing fully automated processing equipment leads to accurate processing, quick and reliable production processes, optimum utilization of time, reduced labor costs, and controlled operations. These are some of the factors that are driving market growth.

“High Growth is projected in the Asia Pacific cotton processing market.”
Asia Pacific is projected to be the fastest-growing market for the period considered for this study, due to the rising disposable income, changing lifestyle of consumers and rapid urbanization of the region. Increase in demand for cotton products such as clothing, cotton bandages, home furnishing products, animal feed, and paper is also driving the market growth. The growing technology base in the region is also expected to increase the demand for cotton processing in Asia Pacific.

Report Highlights:
• To profile key players and comprehensively analyze their core competencies

• To define, segment, and project the global market size for cotton processing

• To understand the structure of the cotton processing market by identifying its various subsegments

• To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

• To analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market

• To analyze the competitive developments such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements

• To project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)

• To understand the competitive landscape and identify major growth strategies adopted by players across key regions

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This release was published on openPR.