Home Natural cosmetics Organic cotton market size will reach USD 6,730.9 million by

Organic cotton market size will reach USD 6,730.9 million by

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Pune India, April 20, 2022 (GLOBE NEWSWIRE) — The organic cotton market the size is expected to reach USD 6,730.9 million by 2028 and grow at a CAGR of 40.0% during 2021-2028. The market was valued at USD 518.7 million in 2020 and USD 637.1 million in 2021. Fortune Business InsightsMT presented this information in its report entitled, “Organic cotton market, 2021-2028”. It is a form of cotton grown with natural fertilizers and materials to have a lower environmental impact. The manufacturing process restores and preserves soil fertility, decreases the need for hazardous fertilizers and pesticides, and expands agricultural diversity. For better and bigger agricultural production, it is grown from high quality seeds such as GM. The market is satisfied by an increase in the consumption of textile products due to fast fashion, as well as a demand for sustainable alternatives. Cotton fiber is used to make yarns of different types which are used to make garments, athletic wear, medical wear, and packing bags. The growing popularity of this fiber, which has no negative effects on the environment or humans, is mainly increasing the market size.

Impact of COVID-19-

Market growth has been impacted by COVID-19 in manufacturing sectors

Since the outbreak of the coronavirus, some governments have announced restrictions on the distribution and transportation of finished products and raw materials, affecting the value chain. Textile producers and organic cotton producers have been impacted by delays or cancellations of purchases from major brands. At least for the first half of 2020, textile manufacturers have faced supply difficulties due to trade restrictions in major cotton producing countries such as China and India. As a result, the production activities of many companies have been restricted. Fortunately, despite the disruptions of the pandemic, demand for the product has increased significantly in 2020, due to the brand’s strong commitment to sourcing favorite fibers and ingredients.

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List of main market players:

  • Cargill Incorporated (USA)
  • Plexus Cotton Ltd. (UK)
  • Grassroots Cotton Cooperative Association (USA)
  • Calcot Ltd. (United States)
  • The Rajlakshmi Cotton Mills (P) Limited (India)
  • Remei AG (Switzerland)
  • Arvind Limited (India)
  • Noble Ecotech (India)
  • Louis Dreyfus Company (Netherlands)
  • Texas Organic Cotton Marketing Cooperative (USA)

Segments-

On the basis of type, the market is segmented into long staple cotton, short staple cotton, medium staple cotton, extra long staple cotton and others. On the basis of grade type, the market is divided into supima/pima, upland, giza and others. Based on application, the market is fragmented into apparel, packaging, and others. Geographically, the market is categorized into Europe, North America, Latin America, Asia-Pacific, Middle East & Africa.

Report cover-

The research report provides a comprehensive analysis of the industry value chain, focusing on key factors such as major players, applications, and types. Additionally, the study provides insights into market trends along with key advancements in the industry. In addition to the causes listed above, the research includes a number of other variables that have contributed to the recent market expansion.

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Drivers and Constraints-

Growing demand for sustainable textile solutions to increase market growth

Many organizations prefer to use organic cotton when producing textiles due to growing global concerns about sustainability and pollution. It is better for conditioning the soil and has a lower environmental impact than conventional cotton, which uses harmful pesticides and requires a lot of water. Also, when buying clothes and other textile products, people have started to consider sustainability. Textile companies can gain an advantage over their competitors by using organic materials. Moreover, it is gradually integrating into the supply chains of major Parisian and Milanese fashion houses, as well as retailers, leading to a sharp increase in demand.

Moreover, many companies have used the product in the majority of their portfolios after recognizing its vast benefits. This, combined with increased environmental sustainability and health concerns and laws, will drive product demand. Additionally, customers are quickly adopting environmentally friendly behaviors and are willing to pay more for organic items. This factor, combined with rising cotton costs, is propelling the growth of the organic cotton market. However, the high cost of cotton seeds, agricultural process and raw materials may hamper the market growth.

Regional outlook-

Asia-Pacific leads the global market due to high demand for sustainable cotton solutions

In 2020, the Asia-Pacific market was valued at USD 310.1 million. Attributed to the high demand for sustainable cotton solutions from many end-use industries, such as apparel, medical, and cosmetics, these categories held the largest organic cotton market share. Additionally, many organic cotton producers and consumers are headquartered in the region, resulting in lower cost items available locally. This serves as motivation for increased use of the product and a smoother transition away from traditional cotton.

Many high-end luxury companies are poised to expand their regional distribution systems, increasing packaging usage in Europe. Due to several government requirements for environmental preservation and consumer awareness of sustainable clothing, the demand from the fashion industry is strong. These considerations, together with the fact that the European market is fully open, with no import levies or export subsidies on organic cotton, propel the market forward.

The Latin America market is expected to grow significantly, which can be attributed to industrialization aided by economic and technological development. Additionally, the industry is fueled by a huge agricultural acreage available for agricultural production. The demand for products in the Middle East and Africa can be attributed to the region’s growing economy and improving lifestyle, which requires high-quality and expensive products. Additionally, the region is a major producer of Egyptian and Giza cotton, which results in profitable cotton production and supports the regional market.

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Contents

  • Introduction
  • Summary
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • key ideas
    • Main emerging trends – for main countries
    • Main developments: mergers, acquisitions, partnerships, etc.
    • Latest technological advancement
    • Overview of the regulatory scenario
    • Analysis of the five forces of carriers
    • Global price trend analysis
  • Qualitative Insights – Impact of COVID-19 on the Global Organic Cotton Market
    • Supply chain challenges
    • Measures taken by government/companies to overcome this impact
    • Potential opportunities due to the COVID-19 outbreak

TOC Continued…!

Competitive Landscape-

Sustainable textile solutions will be at the center of the concerns of key players

Plexus Cotton Ltd., Cargill Incorporated, Calcot Ltd, Staple Cotton Cooperative Association, Remei AG and Rajlakshmi Cotton Mills (P) Limited are the major competitors in the market. Associations that work with cotton growers and supply certified organic materials to textile manufacturers are featured in company profiles. To increase global production, organizations are implementing initiatives such as increasing investment, improving the supply of high-quality seeds, and introducing sophisticated farming methods and equipment. They also strengthen their presence and gain a competitive edge.

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