The global cotton spinning market size was USD 16.26 Billion in 2022 and is likely to reach USD 29.6 Billion by 2031, expanding at a CAGR of 4.7% during 2023–2031.The growth of the market is attributed to rising disposable income and rapid innovation in the fashion industry.
The cotton processing industry includes machinery that converts raw cotton into forms that are utilized by medical and textile industries. In recent years, the production of textiles for both apparel and non-apparel use has increased globally. Cotton spinning machines spin or process the cotton or extracted fibers into the yarn or thread. The process of converting the cotton into yarn is called spinning.
Market Drivers, Restraints, Trends, and Opportunities
Rising usage of cotton yarn in various industries is driving the growth of the market.
Growing population and urbanization has led to the increasing demand for high-quality cotton, driving the market growth.
The COVID-19 disrupted the textile industry owing to the closedown of the manufacturing facilities. However, the relaxation in restriction has dampened the negatively impact on supply chain, recovering the growth of the market.
Ongoing technological innovations in the manufacturing process is expected to positively influence the market growth in the projected timeline.
Scope of the Report
The report on the global cotton spinning market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
Cotton Spinning Market -Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Ring Spun, OE/Rotor Spun,
Core Spun, Air Jet Spun, Frictional Spun, and Others), End-users (Apparels, Home Fashion, Medical, and Others
North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Lummus Corp, Nipha exports Pvt Ltd,
Bajaj Group of Companies Shandong Swan Cotton Industrial Machinery Stock Co., and Cherokee Fabrication
Cotton Spinning Market Insights
Ring spun segment to account a significant market share
Based on types, the market is segmented into ring spun, OE/rotor spun, core spun, air jet spun, frictional spun, and others. The ring spun segment is anticipated to account for a significant market share during the forecast period. On the other hand, the OE/rotor spun segment is expected to grow at a healthy rate in the projected timeline.
Apparels segment to grow at a steady rate
In terms of end-users, the global cotton spinning market is divided into apparels, home fashion, medical, and others. The apparels segment is anticipated to grow at a steady rate during the forecast period. Rising urbanization and change in the lifestyle of consumers has led to an increase in the demand for textiles, which is projected to drive the growth of the apparels segment. Additionally, growing awareness about product quality among consumers is projected to reflect positively on the growth of the apparels segment. Conversely, the medical segment is anticipated to account for a considerable market share owing to increasing adoption of cotton for the medical applications.
Asia Pacific to dominate the market share
On the basis of regions, the market is categorized as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to dominate the market during the forecast period. Some factors influencing the dominance of the region includes growing textile industry in emerging economies, such as China, India, Bangladesh, and Pakistan. 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. Further, the rising awareness and hygiene concerns among consumers have given rise to the increasing use of processed cotton in hospitals and medical applications.
Segments Covered in the Report
The global cotton spinning market has been segmented on the basis of
- Ring Spun
- OE/Rotor Spun
- Core Spun
- Air Jet Spun
- Frictional Spun
- Home Fashion
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
- Lummus Corp
- Nipha exports Pvt Ltd.
- Bajaj Group of Companies
- Shandong Swan Cotton Industrial Machinery Stock Co.,
- Cherokee Fabrication
The major players of the market are Lummus Corp, Nipha exports Pvt Ltd, Bajaj Group of Companies Shandong Swan Cotton Industrial Machinery Stock Co., and Cherokee Fabrication.
Companies are focusing on increasing their presence through undertaking investments and expansions and developing products in regards to region. Moreover, they are increasing their production activity by partnering with local manufacturers to expand their market share.