Cotton Yarn Market Expected to Reach $140.1 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Cotton Yarn Market," The cotton yarn market was valued at $91.4 billion in 2022, and is estimated to reach $140.1 billion by 2032, growing at a CAGR of 4.4% from 2023 to 2032.

Cotton yarn is a type of yarn made from the natural fibers of the cotton plant (Gossypium). Cotton fibers are spun or twisted together to create a continuous thread or strand to produce cotton yarn. With the use of cotton yarn, a variety of apparel products and materials can be made, including those used in knitting, weaving, and sewing. It is a preferred material for regular clothing and a variety of textile products due to its softness, breathability, and comfort. Cotton yarn is available in various kinds of thickness and qualities, a feature that allows to produce a wide range of fabrics and apparel.

The wide utilization of cotton yarn in the textile industry and apparel production drives the market growth. Cotton yarn is an essential raw material for clothing, home textiles, and commercial fabrics. Global demand for textiles increased owing to population expansion, rise in disposable incomes, and changing fashion trends that employes sustainable clothing , which in turn drives the demand for cotton yarn. Cotton is a natural fiber that has exceptional qualities that make it suitable for use in textile production. It works well to soak up sweat and keep the user dry and cool, owing to its ability to both, absorb and release moisture.

Moreover, it is used to make a spectrum of textiles, each with a distinctive texture and set of properties, such as denim, poplin, twill, and jersey. Cotton yarn is regularly mixed with additional fibers such as polyester or elastane to increase the use and tensile strength of fabrics. The use of cotton yarn in the production of textiles and garments satisfies consumer demands for comfort and style as well as reflects the growing trend towards environmentally friendly and sustainable fashion, helping the industry's overall sustainability goals. Thus, the cotton yarn market is expected to grow significantly during the forecast period. 

The utilization of technological advancements in the production of cotton yarn led to the market expansion. Manufacturing of cotton yarn nowadays incorporates sustainable practices. Water-saving technology has been put in place to cut down on the amount of water used to process cotton. Energy-efficient equipment and renewable energy sources are also utilized to reduce the environmental impact of production. Furthermore, the production and processing of cotton yarn employs nanotechnology, opening great opportunities for the cotton yarn market.

Nanotechnology can improve cotton yarn's performance by adding features such as stain resistance, UV protection, and antibacterial qualities. This creates new possibilities for the development of practical and high-performance fabrics. In addition, biotechnology and genetic engineering are used to create genetically modified cotton plants with better fiber characteristics. Breeds of cotton that have undergone genetic modification may be stronger, longer, and more dyeable, producing yarns of higher quality. Owing to these factors, technological advancements boosted the growth of the cotton yarn market.

The availability of substitutes restrains the growth of the cotton yarn market. Modern advancements in textile technology have produced new synthetic fibers with unique qualities. For sporting clothing, for instance, performance fibers that drain moisture are preferred over cotton as they may not offer good moisture control. Similarly, textiles with basic stretch and recovery qualities are used to make body-hugging clothing and activewear. Environmental concerns also play a role in the preference for substitutes.

Moreover, alternatives made from bio-based materials or recycled synthetic fibers may be chosen by consumers and companies looking for more environmentally friendly products. The diversity and ease of manipulation of synthetic fibers also give designers a larger choice of options. In addition to providing additional functional advantages, they can be manufactured to replicate the characteristics of natural fibers. Owing to these factors, the presence of alternative fibers hinders the market growth.

Surge in demand for sustainable clothing creates a lucrative growth opportunity for the cotton yarn market. Clothing made from cotton yarn is more sustainable when sustainable production techniques are used. The environmental impact of textile production decreases with water-saving advances, energy-efficient machinery, and sustainable dyeing and finishing methods. Cotton yarn waste can also be reused and put to other uses due to recycling programs and closed-loop manufacturing processes, which further reduces the industry's negative effects on the environment.

Adaptability of cotton yarn also permits the production of a broad range of clothing products suitable for different situations and climates. Cotton clothing that is breathable and comfortable promotes a more sustainable way of life by lowering the demand for energy-intensive air conditioning in warm weather. In addition, cotton clothing's durability and capacity for repeated washings increase product life, lowering the need for replacement clothes and the fashion industry's overall carbon impact. Owing to these factors, rise in demand for eco-friendly and sustainable clothing is expected to boost the market growth.

The cotton yarn market is segmented on the basis of type, application, and region. By type, the market is divided into carded yarn, combed yarn, and others. On the basis of application, the market is classified into apparel, home textiles, industrial textiles, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of type, the carded segment dominated the global cotton yarn market, both in terms of value in 2022. Carded yarn is favored for its texture, warmth, and more natural appearance. As a result, they are the preferred option for the manufacturing of apparel.

On the basis of application, the apparel segment dominated the global cotton yarn market, both in terms of value in 2022. Cotton yarn is frequently used in the production of apparel due to its many appealing characteristics and advantages including moisture absorption, easy to clean, sustainability approach, and others.

On the basis of region, Asia-Pacific has a dominant share of the market and is anticipated to experience rapid growth in the cotton yarn market. The use of cotton yarn increased because of technological advancements, a growth in R&D efforts, and a rise in investments in this region.

The key players operating in the global cotton yarn market are Ambika Cotton Mills Limited, Aarti International, Maharaja Shree Umaid Mills Limited,  Nahar Spinning Mills Limited, Nishat Mills Limited, Nitin Spinners Limited, Texhong International Group Limited, Trident Limited, India, Vardhman Textiles Ltd., and Weiqiao Textile Co., Ltd. These players have adopted agreement as their key strategy to increase their market shares.

Key Finding Of The Study:

• Asia-Pacific is projected to grow at the highest CAGR of approximately 4.7%, in terms of revenue, during the forecast period.
• By type, the carded yarn segment is anticipated to grow with CAGR 4.2%, in terms of revenue, during the forecast period.
• By application, the apparel segment is anticipated to grow with CAGR 4.6%, in terms of revenue, during the forecast period.