Cotton Yarn Market Growth, Size, Share & Trends | 2031 (2024)

Global Cotton Yarn Market size was valued at USD 62.55 billion in 2022 and is poised to grow from USD 66.94 billion in 2023 to USD 115.19 billion by 2031, growing at a CAGR of 7.02% in the forecast period (2024- 2031).

The surge in consumer health consciousness globally has propelled an increased preference for natural fibers, specifically boosting the consumption of cotton yarns and steering the market's growth trajectory in the forecast period. Cotton yarns find extensive use in apparel and home textile applications, offering a versatile material for various fabric creations.

Additionally, industrial textiles are witnessing a surge in popularity owing to their utilization across diverse sectors such as automotive, construction, electrical, and electronics industries, among others.

Cotton yarn, essentially composed of twisted and plied cotton fibers, serves as the fundamental material for crafting woven or knitted fabrics. The manufacturing process involves spinning raw cotton and subsequently carding it into roving, which serves as the foundational material for knitting or weaving. Carded yarn, specifically crafted from cotton, stands as a textile material capable of being spun into strands of yarn, contributing significantly to the production of a wide array of textile products.

Market Snapshot - 2024- 2031

The global cotton yarn market is segmented into three segments i.e. by type, application and region. Based on type the market is segmented as, carded yarn, combed yarn, other. Based on application the market is segmented as, apparel, home textiles, industrial textiles, others. Based on Region the market is segmented as, North America, Europe, Asia-Pacific, MEA, and Latin America.

Analysis by Application

The home textiles segment plays a crucial role in the cotton yarn market, catering to a diverse range of products designed for household applications. Cotton yarn serves as a fundamental material in the creation of various home textile items such as bed linens, towels, curtains, upholstery fabrics, and other household essentials. Renowned for its comfort, breathability, and absorbency, cotton yarn remains a preferred choice for manufacturing home textiles.

In 2022, the apparel segment emerged as a significant stakeholder in the cotton yarn market, holding a substantial market share. This prominence is strongly associated with the growing demographic influence of the Gen Z and millennial population worldwide. These generations wield considerable purchasing power and demonstrate a propensity for spending notably higher amounts on clothing compared to their predecessors.

Analysis by Type

The carded yarn segment emerged as the dominant force in the market during 2022. This segment's prominence is closely linked to the carding process, a technique integral to the creation of carded yarn. Carding involves the utilization of toothed cards to meticulously eliminate short fibers and impurities from cotton, ensuring a refined quality of yarn.

The combed yarn segment occupies a significant and distinctive position within the cotton yarn market due to its specialized production process and resulting high-quality output. Combed yarn, crafted from carefully selected superior-grade cotton fibers, undergoes an additional refinement step beyond the standard carding process. This refinement involves the meticulous combing of fibers to eliminate shorter strands and impurities, resulting in a finer, smoother, and more uniform yarn compared to carded yarn.

The textile industry in North America presents promising avenues for substantial market growth. In particular, the U.S. textile sector is characterized by its extensive fabric and yarn manufacturing capabilities, catering to a diverse spectrum of products crafted from various materials, including cotton, wool, and a multitude of synthetic fibers.

In 2022, Asia Pacific commanded a substantial market value of USD 77.21 billion, cementing its position as a frontrunner within the industry. This dominance is forecasted to persist over the estimated period, largely driven by rising demand emanating from the region's burgeoning population. The rapid expansion of the textile industry in Asia Pacific owes much to the pivotal roles played by key countries within the region, especially China, India, Japan, and Southeast Asia.

Drivers

Rising Demand and Awareness of Sustainability in Fashion Industry to Augment Market Growth

• Cotton yarn plays a pivotal role in apparel and textile production, serving as a fundamental component in the creation of various fabric items. Recent trends indicate a growing shift within manufacturing operations of prominent fashion houses and retailers, progressively integrating organic cotton into their supply chains. This strategic adoption has notably surged the demand for cotton products. As one of the most widely used natural fibers in the textile industry, cotton yarn stands out for its exceptional attributes.

Restraints

High Price of Cotton Yarn Relative to Synthetic Yarn is Likely to Hinder Market Growth

• The growth of the cotton yarn market faces a significant hurdle attributed to its relatively higher cost compared to readily available synthetic yarns, posing a limitation to its expansion. Factors contributing to this cost disparity include the elevated expenses associated with cottonseed, farming procedures, and raw materials, collectively elevating the overall production cost of cotton yarn. In contrast, synthetic yarns, derived from petrochemical-based raw materials through mass production methods, offer a more cost-effective alternative.

The competitive environment of the global cotton yarn market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.

Top Player’s Company Profiles

• Texhong

• Weiqiao Textile

• Huafu

• Henan Xinye Textile

• BROS

• China Resources

• Huamao

• Lutai Textile

• Guanxing

• Hengfeng

• Shandong Ruyi

• Huafang

• Sanyang

• Dasheng

• Lianfa

• Vardhman Group

Recent Development

• In July 2023, Better Cotton, the main drive for cotton sustainability, collaborated with the Cotton Egypt Association (CEA) to upgrade the Better Cotton program in Egypt. This joint effort plans to advance and safeguard Egyptian cotton overall while progressing supportable practices in the Egyptian cotton industry.
• In September 2023, Authentic Brands Group collaborated with Taram Textiles to launch the Reebok Home Collection in the US and Canada. The collection highlights bedding and shower items propelled by Reebok's presentation ethos. Taram Textiles, known for its vertical manufacturing and circulation of delicate home merchandise, will rejuvenate this coordinated effort.

• The growing textile sector is poised to experience a beneficial surge, likely influenced by several factors contributing to its growth. Governments across the globe are actively engaging in initiatives aimed at bolstering their domestic textile industries, unveiling new policies and schemes to fortify these sectors. An illustrative example is the proactive approach taken by the Indian government, which has introduced various policies designed to foster the expansion of its textile sector.

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

The global cotton yarn market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. Cotton yarn, derived from natural cotton obtained through the harvesting of cotton plants, undergoes various spinning processes during its production. Globally, cotton yarn can be broadly classified into two primary types based on the spinning techniques employed: carded and combed yarns. These distinct types of yarn possess unique characteristics that significantly impact their intended applications and the quality of the final textile products. Combed yarn, for instance, stands out as a product manufactured from superior-grade cotton fibers, incorporating an additional step of combing beyond the carding process used in standard yarn production.