Global Cotton Processing Market : Industry Analysis and Forecast (2019-2026)
Global Cotton Processing Market was valued at US$ 59.80 Bn in 2019 and is expected to reach US$ 82.47 Bn by 2026, at a CAGR of 4.1 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding cotton processing market dynamics, structure by identifying and analyzing the market segments by product, equipment, operation, application, and region and, project the global market size. Further, report also focus on competitive analysis of key players by Materials, price, financial position, Materials portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to particular market segment.
The ginning (removing lint from seed) process of raw cotton results in the production of cotton fiber, linters and cottonseed. Cottonseed is further processed which results in the production of cottonseed oil, cottonseed hulls, and cotton meal/cake. After the cotton is harvested the primary processing is ginning to separate the lint from the seed. Most of the ginning is done where it is actually cultivated. Raw cotton rarely gets into international trade. The byproducts of cotton ginning are cottonseed and linters. Linters are used in the manufacturing of rocket propulsion or explosives as these are high in cellulose content. Cottonseed is directly crushed to yield cottonseed oil and cottonseed cake. This cake is un-decorticated cake and is used as cattle feed. Cottonseed is also hulled before it is crushed and solvent extracted, resulting in the production of highpro cotton meal and cottonseed oil.
On the basis of product type, the cotton processing market has been segmented into lint, cottonseed, and others. The lint segment is estimated to account for the largest share in 2018. Cotton lint is widely used for manufacturing different types of surgical bandages, apparels, and household textiles. However, the rising number of accidents and chronic diseases is also increasing the consumption of processed cotton and cotton bandages globally. The rising exports of lint and cotton products are generating export income across many countries. All these factors are expected to propel the market growth further.
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The spinning segment is estimated to account for the largest share of the global cotton processing equipment market in 2018. Spinning is considered one of the most important processes in the textile and pharma industries and is used to convert baled cotton into yarn or thread to produce high-strength yarns. The spinning segment has more capacity utilization rate and accounts for more than 20% of world production of cotton yarn.
The automatic segment is estimated to account for the largest share of the global cotton processing ginning equipment market in 2017. Cotton processors are increasingly focusing their attention on achieving low production costs, rapid turnaround time, and higher yields. This is facilitated by incorporating advanced automated technologies. Fully automated processing plants contribute to reduced labor costs and help in achieving operational efficiencies.
The textile segment is estimated to account for the largest share of the global cotton processing market in 2018. The textile industry witnesses a significant demand for effective cotton processing techniques. Raw cotton is used as a key ingredient in the textile manufacturing applications. This leads to an increased demand in the textile industry. With the increasing purchasing power and technological advancements for expanding the production capacity of cotton in improving the fabric quality, the demand for processed cotton is projected to remain high globally.
Asia Pacific is estimated to be the dominant region in the cotton processing market in 2018. The countries in the region have favorable climatic conditions for cotton production. This encourages cotton processors to invest in the cotton processing market in this region. Furthermore, growing concerns about hygiene and technological advancements in the healthcare sector in developing countries have led to an increase in the consumption of raw cotton, which, in turn, is anticipated to increase the demand for cotton processing solutions and equipment.
Scope of Global Cotton Processing Market:
Global Cotton Processing Market, by Product:
• Lint
• Cottonseed
• Others
Global Cotton Processing Market, by Equipment:
• Ginning
• Spinning
Global Cotton Processing Market, by Operation:
• Automatic
• Semi-automatic
Global Cotton Processing Market, by Application:
• Textiles
• Medical & surgical
• Feed
• Consumer goods
• Others
Global Cotton Processing Market, by Region:
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• South America
Key Players Operating In Global Cotton Processing Market:
• Lummus Corp
• Bajaj Steel Industries Limited
• Nipha Exports Cottonseed Limited
• Shandong Swan Cotton Industrial Machinery Stock Co., Ltd.
• Cherokee Fabrication
• Reiter
• Toyota Industries
• Uzbek Textile
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