Global Cotton Processing Market Size to Attain USD 128.81 Billion by 2030 With 7.5% CAGR | Crafting Success
[204 + Pages Research Study] According to a market research study published by Zion Market Research, the demand analysis of Global Cotton Processing Market size & share revenue was valued at around USD 80.43 billion in 2022 and is estimated to grow about USD 128.81 billion by 2030, at a CAGR of approximately 7.5% between 2023 and 2030. The key market players are listed in the report with their sales, revenues and strategies are Toyota Industries, G.B. Enterprises, Suryalakshmi Cotton Mills, Lummus Corporation, Shree Giri Cotton Industries, Nipha Exports Private Limited, Bajaj Group of Companies, Shandong Swan Cotton Industrial Machinery Stock Co., Cherokee Fabrication, And Rieter., and others.
New York, NY, Aug. 17, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Cotton Processing Market By Product Type (Lint, Cottonseed, And Others), By Equipment (Ginning, Spinning, And Other Equipment), By Operation (Automatic, And Semi-Automatic), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global Cotton Processing Market size & share in terms of revenue was valued at USD 80.43 billion in 2022 and it is expected to surpass around USD 128.81 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 7.5% during the forecast period 2023 to 2030.”
What is Cotton Processing? How big is the Cotton Processing Industry?
Cotton Processing Report Coverage & Overview:
Cotton processing constitutes a crucial sequence of actions aimed at eliminating impurities, reducing moisture content, and enhancing the quality of cotton fibers for a range of applications. Derived from the seed pods of the cotton plant, cotton is a natural fiber extensively utilized across industries like medical, consumer goods, textiles, and more. The primary objectives of cotton processing encompass readying the fibers for subsequent manufacturing stages and generating superior-grade end products. This intricate process encompasses various procedures that transform raw cotton fibers into usable, marketable commodities. This sector assumes a pivotal role in the textile industry, being integral to its functioning.
The process commences with the collection of cotton bolls, protective capsules enclosing cotton fibers. Subsequent to harvesting, the cotton is subjected to ginning, a pivotal step involving the separation of seeds. Ginning’s significance lies in its determination of cotton quality and eventual applications. Following ginning, meticulous care is dedicated to cleansing the cotton fibers, eliminating undesirable elements like leaves, dirt, or remaining seeds. This cleansing operation ensures that the cotton meets stipulated standards for diverse end products.
Once the cleaning phase concludes, the fibers are aligned, straightened, and transformed into extended, uninterrupted strands referred to as roving. This roving can subsequently undergo further refinement into yarn via the spinning process. Primarily employed within the textile sector, cotton finds application in the fabrication of various items such as bed linens, garments, household furnishings, and towels.
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Global Cotton Processing Market: Growth Dynamics
The global market growth is poised for a substantial boost due to the increasing adoption of cottonseed oil in both food and industrial applications.
The surging popularity of cottonseed oil in various food and industrial applications is set to drive significant growth in the global market. Cottonseed oil, a valuable byproduct of the cotton ginning process, has witnessed a surge in demand owing to its versatility and wide array of uses. In the food industry, cottonseed oil is sought after for its mild flavor, high smoke point, and comparatively lower saturated fat content compared to other cooking oils. These attributes make it a favored option for frying and baking. Additionally, cottonseed oil finds its way into the production of salad dressings, margarine, and numerous other food items. As consumer awareness regarding healthy dietary choices continues to rise, the demand for healthier cooking oils like cottonseed oil is witnessing an upswing.
Moreover, cottonseed oil plays a crucial role in the industrial sector with a variety of applications. One notable application is in the production of biodiesel. As the emphasis on renewable energy sources grows in response to environmental concerns, biodiesel derived from cottonseed oil presents a viable alternative to conventional fossil fuels. The increasing adoption of cottonseed oil across both food and industrial sectors is poised to create promising growth opportunities for the cotton processing market in the forthcoming years.
Furthermore, the cotton processing market is undergoing significant expansion owing to continuous technological advancements within the industry. The integration of modern machinery, automation, and innovative processing techniques has enhanced the efficiency, cost-effectiveness, and eco-friendliness of cotton processing. These technological strides have brought about a revolution in various stages of cotton processing, ranging from ginning and cleaning to carding, spinning, and weaving. Automated ginning machines have elevated processing speed and capacity, resulting in heightened productivity and reduced labor expenditures. Advanced cleaning systems, including air-jet technology and electrostatic devices, ensure meticulous removal of impurities, thereby yielding superior-quality cotton fibers.
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|Market Size in 2022||USD 80.43 billion|
|Projected Market Size in 2030||USD 128.81 billion|
|CAGR Growth Rate||7.5% CAGR|
|Key Market Players||Toyota Industries, G.B. Enterprises, Suryalakshmi Cotton Mills, Lummus Corporation, Shree Giri Cotton Industries, Nipha Exports Private Limited, Bajaj Group of Companies, Shandong Swan Cotton Industrial Machinery Stock Co., Cherokee Fabrication, And Rieter.|
|Key Segment||By Product Type, By Operation, By Equipment, and By Region|
|Major Regions Covered||North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa|
|Purchase Options||Request customized purchase options to meet your research needs. Explore purchase options|
Cotton Processing Market: Segmentation Analysis
The cotton processing market is segmented based on product type, equipment, operation, and region.
Based on the product type, Within the cotton processing market, divisions are drawn between cottonseeds, lint, and other categories. Anticipated throughout the forecast period, the lint segment is foreseen to amass the leading share of revenue. Cotton lint plays a pivotal role as it signifies the thoroughly cleaned and processed raw cotton fibers, primed for subsequent manufacturing ventures that yield diverse products. Cotton lint materializes as the soft, fibrous substance garnered post-ginning, a procedure that eliminates cotton seeds and impurities from harvested cotton bolls. A significant driving force behind this growth is the burgeoning global demand for textiles and garments rooted in cotton. Notably, cotton lint stands as the chief raw material input within spinning mills, where it is deftly transformed into yarn.
Based on the equipment, The cotton processing sector is categorized into ginning, spinning, and additional equipment divisions. Projected across the forecast period, the ginning segment is poised to secure the foremost portion of revenue. Ginning occupies a pivotal role within the cotton processing industry as it primes the cotton lint for the ensuing spinning phase, where it undergoes transformation into yarn for fabric fabrication. The ginning procedure encompasses the separation of cotton fibers from seeds and other impurities accrued during harvesting, guaranteeing the optimal state of the cotton fibers for subsequent processing.
Based on operation, Within the cotton processing market, two distinct categories emerge: automatic and semi-automatic. Foreseen across the forecast period, the automatic segment is anticipated to secure the predominant share of revenue. The automatic operational approach entails leveraging cutting-edge technologies and machinery to rationalize and mechanize diverse stages within cotton processing, encompassing tasks such as ginning, spinning, and dyeing. The significance of this segment has been underscored by numerous burgeoning factors that have indelibly molded the landscape of the cotton processing industry.
The global Cotton Processing market is segmented as follows:
By Product Type
- Cotton seed
- Other Equipment
Browse the full “Cotton Processing Market By Product Type (Lint, Cottonseed, And Others), By Equipment (Ginning, Spinning, And Other Equipment), By Operation (Automatic, And Semi-Automatic), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at https://www.zionmarketresearch.com/report/cotton-processing-market-size
Some of the main competitors dominating the global Cotton Processing market include –
- Toyota Industries
- G.B. Enterprises
- Suryalakshmi Cotton Mills
- Lummus Corporation
- Shree Giri Cotton Industries
- Nipha Exports Private Limited
- Bajaj Group of Companies
- Shandong Swan Cotton Industrial Machinery Stock Co.
- Cherokee Fabrication
Key Insights from Primary Research:
- As per the analysis shared by our research analyst, the global cotton processing market is estimated to grow annually at a CAGR of around 7.5% over the forecast period (2023-2030).
- In terms of revenue, the global cotton processing market size was valued at around $ 80.43 billion in 2022 and is projected to reach 128.81 billion, by 2030.
- Increasing adoption of cottonseed oil in food and industrial applications is likely to boost global cotton processing market growth. Cottonseed oil is a valuable byproduct of the cotton ginning process, and its adaptability and extensive range of uses have subsidized and increased its demand.
- Based on the product type, the Lint segment is expected to capture the largest revenue share over the forecast period.
- Based on equipment, the ginning segment is expected to capture the largest revenue share over the forecast period.
- Based on the operation, the automatic segment is expected to capture the largest revenue share over the forecast period.
- Based on region, Asia Pacific is expected to dominate the market during the forecast period.
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- What is the market size and growth rate forecast for Cotton Processing industry?
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- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Product Type, By Operation, By Equipment, and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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In the realm of cotton processing, the Asia Pacific region emerges as the focal point, demonstrating its dominion throughout the forecast period. Notably, in 2022, Asia Pacific already commands over 50% of the market share. This ascendant status is propelled by a constellation of pivotal factors. The region’s expansive populace and rapid urbanization converge to generate a substantial appetite for textiles and apparel, thus magnifying the requisites for efficient cotton processing. Furthermore, the strategic presence of key global cotton-producing nations such as India and China facilitates convenient access to raw cotton, thereby buttressing the dynamic growth of the processing sector.
Occupying the runner-up position, North America secures its position as the second-largest market for cotton processing, with a share exceeding 20% in 2022. The region’s robust textile and apparel industry, particularly within the United States, serves as an impetus for the demand in cotton processing. Given that the United States ranks among the world’s top cotton producers, proximity to domestically cultivated raw cotton ensures a robust and stable supply chain. In addition, an escalating preference for domestically sourced and ethically produced cotton goods accentuates the call for sustainable and organic cotton processing in the region.
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
- In December 2021, Lummus Ag Technology announced that it has expanded its manufacturing center in Savannah, GA which will continue to streamline operations and grow the capacity of the production and services and parts, it has decided to consolidate manufacturing operations into the Savannah, GA location. This announcement can boost the overall cotton processing market.
- In July 2020, Lummus Technology was acquired by Haits India Petrochemicals Limited and Rhône Capital. The acquisition objective is to develop strategies to deliver technology and services to a broader customer base. This acquisition can grow the overall cotton processing market.
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