Market Research Future
Thu, May 11, 2023
Cotton Yarn Market Research Report Information By Type (Carded Yarn, Combed Yarn, and Others), By Application (Apparel, Home Textiles, Industrial Textiles, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032 By MRFR
London, United Kingdom, May 11, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Research Report by Market Research Future (MRFR), “Cotton Yarn Market Information by Type, Applications and Region- Forecast till 2032”, Global cotton yarn market was estimated to be worth USD 62.8 billion. The Cotton Yarn market is expected to increase from USD 67.51 billion in 2023 to USD 120.40 billion by 2032, at a compound annual growth rate (CAGR) of 7.50% between 2023 and 2032. The primary market drivers pushing market expansion are rising demand, increased awareness of sustainability in fashion, and government backing.
Cotton Yarn Market Overview:
Cotton yarn is created from natural cotton that has been collected from the cotton plant. These yarns are created by various spinning processes. Cotton yarn produced around the world can be divided into two varieties based on the spinning process used to create it: carded yarns and combed yarns.
Different types of yarns have distinct qualities that determine the type of application and the quality of completed textile goods. Combed yarn, for example, is made from high-quality cotton fibre by combing it with carded yarn. Combed yarn is a finer and higher quality product that can be used to make fabrics with superior texture and durability. The majority of cotton yarn produced around the world is used to make clothing. Clothing manufactured from cotton yarn is a wonderful choice for sustainability, and consumers and manufacturers are promoting it like never before.
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Report Scope:
|
Report Attribute |
Details |
|
2032 Market Size |
USD 120.40 Billion |
|
CAGR |
7.50% (2023–2032) |
|
Base Year |
2022 |
|
Forecast Period |
2023-2032 |
|
Historical Data |
2018-2022 |
|
Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
By Type, Application, and Region |
|
Geographies Covered |
North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
|
Key Market Drivers |
Increase investment Growing partnership |
|
Increasing demand in the textile industry owing to growing applications |
Key Companies in the Cotton Yarn Market Include
Texhong, Weiqiao Textile, Huafu, Henan Xinye Textile, BROS, China Resources, Huamao, Lutai Textile, Guanxing, Hengfeng, Shandong Ruyi, Huafang, Sanyang, Dasheng, Lianfa, Vardhman Group, Nahar Spinning, Alok, Trident Group, KPR Mill Limited, Nitin Spinners, Aarti International,
Spentex, Daewoo, Bitratex Industries, Nishat Mills, Fortex, Parkdale.
Lockdown restrictions imposed during the epidemic disrupted supply chains in a variety of sectors around the world, including this one. The imposed lockdowns in some nations created logistical issues, raw material and labour shortages, and other unavoidable challenges.
Due to the labor-intensive nature of manufacturing facilities, several yarn-producing plants were either shuttered or running at a reduced capacity. This industry's manufacturing companies saw considerable pricing changes due to supply constraints, and the impact of this disruption is still felt today.
Globally, significant inflation in industrialised economies has resulted in an overall price increase over the last two years. The cumulatively deteriorating general purchasing power is projected to have a considerable influence on developing economies and is regarded beneficial in a variety of ways.
The paper examines the impact of high inflation on the global economy's long-term performance and gives information on fiscal policies that measure and mitigate its short-term effects on demand/supply, cash flow, and currency exchange.
The Global Cotton Yarn Market research forecasts substantial inflation, taking into account the influence of cost-push and demand-pull inflation.
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Market Segmentation:
The global cotton yarn market is segmented on the basis of type, application, and region.
The global cotton yarn market segmentation, based on type, includes carded yarn, combed yarn, and others. The carded yarn segment dominated the market, accounting for 40%-45% of market revenue.
Based on application, the global cotton yarn market segmentation includes apparel, home textiles, industrial textiles, and others. The apparel segment generated the most revenue.
By region, the section provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American market will dominate the global cotton yarn market. This region's expansion is attributable to the rising demand for natural fibers, increasing customer demand for products free of polyester threads and others.
From 2023 to 2032, the Asia-Pacific cotton yarn market is expected to develop at the quickest CAGR. Because of its booming population, the region is expected to have the greatest CAGR over the predicted time span.
Browse In-depth Market Research Report (128 Pages) on Cotton Yarn Market:
https://www.marketresearchfuture.com/reports/cotton-yarn-market-11512
Regional Analysis:
The Europe cotton yarn market is estimated to be the second-largest market for cotton yarn during the forecast period. Demand for clothes and home textiles is expected to drive this increase. The worldwide cotton yarn market is expected to develop moderately over the forecast period due to rising demand for natural fibres.
Furthermore, the German cotton yarn market had the largest market share, while the British cotton yarn market was expected to increase at the quickest rate in the European region.
The presence of major nations such as India, China, Japan, and Southeast Asia is principally responsible for the rapid rise of the textile industry in Asia-Pacific. Because of the country's vast manufacturing capacity and the presence of multiple industry leaders, China's garment sector is rapidly expanding.
Increasing urbanisation and increased consumer clothing expenditures are expected to boost demand for cotton-based yarn during the projected period. Furthermore, China's cotton yarn market had the biggest market share, while India's cotton yarn market was the Asia-Pacific region's fastest-growing market.
Market participants also participate in a variety of strategic activities in order to broaden their worldwide footprint. Manufacturing locally is one of the primary business methods used by manufacturers in the worldwide cotton yarn sector to lower operational costs. Due to their strong brand identities in the worldwide cotton yarn sector, a few companies have been able to demand premium pricing for their clothes.
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(Source: https://finance.yahoo.com)