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Cotton Yarn Global Market Report 2024 Market Size, Insights, Outlook, Overview And Market Research Report 2024-2033
Cotton Yarn Global Market Report
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According to The Business Research Company's, 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 growth in the historic period can be attributed to textile industry growth, natural fiber preference, global cotton production, cotton yarn innovation, affordability and accessibility.
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%. The growth in the forecast period can be attributed to sustainable and organic trend, e-commerce growth, regulatory emphasis on sustainable practices, demand in emerging markets, circular economy initiatives. Major trends in the forecast period include technology integration in manufacturing, sustainable and organic cotton, technological innovations in spinning processes, digitalization in supply chain management, fluctuations in cotton prices and global trade dynamics.
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Market Drivers and Trends:
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.
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.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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
Cotton Yarn Market 2024 Key Insights:
• 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%.
• Growing Textile Industry Demand Propels Cotton Yarn Market Expansion
• Technology Advancements In Cotton Yarn Production
• North America was the largest region in the cotton yarn market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
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Americas: +1 315 623 0293
Email: info@tbrc.info
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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