Press release
Cotton Yarn Market 2024 - By Industry Demand, Leading Players, Regional Overview And Forecast To 2033
The new report published by The Business Research Company, titled ""Cotton Yarn Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the cotton yarn market size has grown strongly in recent years. It will grow from $69.05 billion in 2023 to $73.93 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The cotton yarn market size is expected to see strong growth in the next few years. It will grow to $94.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
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Growing Textile Industry Demand Propels Cotton Yarn Market Expansion
The increasing demand from the textile industry is expected to propel the growth of the cotton yarn market going forward. Textile refers to any material that is made from fibers or yarn that are spun, woven, knitted, or otherwise formed into a fabric or cloth. Cotton yarn is a popular and widely used material in the textile industry. It is made by spinning together the individual fibers of cotton into a continuous thread or yarn. This yarn can then be used to create a wide range of different textile products, such as clothing, bedding, and home decor. Cotton yarn is popular among textile manufacturers because of its durability, breathability, and softness, so these factors boost the cotton yarn market. For instance, in June 2022, according to the Textile Industries Media Group LLC., a US-based textile magazine company, the value of U.S. man-made fiber and filament, textile, and apparel shipments totaled an estimated $65.2 billion, up from $60.8 billion in January 2021. Additionally, US exports of textiles and clothing to the Western Hemisphere increased 6.5% to $16.1 billion in 2021. Therefore, the increasing demand from the textile industry is driving the growth of the cotton yarn market.
Technology Advancements In Cotton Yarn Production
Technological advancements are a key trend gaining popularity in the cotton yarn market. Major companies operating in the cotton yarn market are developing new technologies to sustain their position in the market. For instance, in October 2021, Adolph Saurer AG., a Switzerland-based manufacturer of embroidery and textile machines, launched the 3rd generation of their Autocoro 10 single-spindle technology. This innovative technology, which can produce high-quality yarns from a variety of fibers, including cotton, polyester, and viscose, is a fully automated piecing system, which allows it to splice yarn ends together quickly and efficiently. This reduces downtime and increases productivity. Additionally, it has been modified for the digital age and establishes a new standard for automation and digitalization with new features such as a light concept that allows for 3 percent higher performance and an increase in productivity of up to 5 percent due to an increase in doffing capacity to 8 DCU.
The cotton yarn market covered in this report is segmented -
1) By Type: Carded Yarn, Combed Yarn, Other Types
2) By Application: Industrial Textiles, Apparel, Home Textiles, Other Applications
3) By Distribution Channel: Online, Offline
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Major companies operating in the cotton yarn market report are China Resources Textiles (Holdings) Co. Ltd., Maharaja Shree Umaid Mills Limited, Aarti International, Henan Xinye Textile Co. Ltd., Huafu Fashion Co. Ltd., Vardhman Textiles Ltd., Trident Limited India, Luthai Textile Co Ltd., BROS Eastern Co. Ltd., Huafang Group Co. Ltd., Jiangsu Lianfa Textile Co. Ltd., Shandong Ruyi Technology Group Co. Ltd., Huamao Co. Ltd., Hengfeng Co. Ltd., Huafang Co. Ltd., Sanyang Textile Co. Ltd., Weiqiao Textile Company Limited, Gokul Overseas Limited, Nitin Spinners Limited, Jiangsu Dasheng Group Co. Ltd., Raymond Limited, Kedia Overseas Limited, Ambika Cotton Mills Limited, Nahar Spinning Mills Limited, Nishat Mills Limited, Huafu Top Dyed Melange Yarn Co. Ltd., Guanxing Textile Group Co. Ltd., Lingxian Hengfeng Textile Co. Ltd, Guanxing Co. Ltd., Texhong Textile Group Limited
Contents of the report:
1. Executive Summary
2. Cotton Yarn Market Report Structure
3. Cotton Yarn Market Trends And Strategies
4. Cotton Yarn Market - Macro Economic Scenario
5. Cotton Yarn Market Size And Growth
…..
27. Cotton Yarn Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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