IMARC Group, a leading market research company, has recently releases report titled “Cotton Yarn Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global cotton yarn market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the cotton yarn market?
The global cotton yarn market size reached US$ 71.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 104.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.
What is Cotton Yarn?
Cotton yarn is a spun thread made from the natural fibers of the cotton plant. It is widely used in the textile industry for producing various types of fabrics, garments, and home textiles such as towels and bed linens. Cotton yarn is known for its softness, breathability, and natural hypoallergenic properties, making it a preferred choice for clothing items like t-shirts, socks, and underwear. The yarn is available in various thicknesses, or “counts,” and can be single-ply or multi-ply, depending on the intended use. Cotton yarn also absorbs dye well, allowing for a wide range of colors and patterns.
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What are the growth prospects and trends in the cotton yarn industry?
The widespread demand for cotton yarn across various sectors, such as apparel, home textiles, and industrial textiles represents one of the key factors driving the growth of the market across the globe. Cotton’s natural properties like softness, breathability, and absorbency make it a popular choice among consumers and manufacturers alike. The market is also driven by changing consumer preferences and lifestyles. As awareness about skin allergies and sensitivities grows, more people are opting for natural, hypoallergenic fibers like cotton. This is particularly evident in segments like baby clothing and undergarments where skin comfort is paramount. Sustainability and environmental consciousness are increasingly impacting consumer choices. As the focus on eco-friendly and sustainable materials grows, cotton yarn, which is biodegradable and renewable, gains an edge over synthetic counterparts like polyester, which is derived from petrochemicals. Technological advancements in textile manufacturing also affect market dynamics. Innovations in spinning technology, for instance, are leading to higher-quality yarn with improved texture and durability. This not only broadens the range of applications for cotton yarn but also enhances its competitive advantage over synthetic yarns.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Carded Yarn
- Combed Yarn
- Others
Breakup by Application:
- Apparel
- Textiles
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Aarti International Limited
- Alok Industries Ltd.
- Ambika Cotton Mills Limited
- Coats Group plc
- Damodar Group
- Fortex
- Huafang Group
- KPR Mill Limited
- Maharaja Shree Umaid Mills Limited
- Nahar Spinning of Companies
- Nitin Spinners Ltd.
- Vardhman Textiles Ltd.
- Weiqiao Textile Company Limited (Shandong Weiqiao Pioneering Group)
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