Asia Pacific Cotton Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
Asia Pacific Cotton Market Analysis
The Asia-Pacific Cotton Market is projected to register a CAGR of 3.5% over the forecast period.
- Cotton is one of the leading cash crops in Asia-Pacific. It has high importance as it is among the most exported commodities in the market. Cotton is produced in nearly all tropical and subtropical regions across Asia-Pacific.
- China and India are significant manufacturers of cotton. For many years, China and India have been the core markets for cotton consumption. In India, the supremacy of the textile sector exists, as it consumes most of the country's cotton. Further, the growth of the Chinese and Indian textile industries has become a dominant factor in influencing Asia's cotton markets. Pakistan is also a significant cotton producer in Asia and holds the third-largest spinning capacity. Middle Eastern and European countries are major cross-border importers of cotton from the Asia-Pacific region.
- Furthermore, many Asian countries have employed policies and programs supporting the cotton sector. These include government cotton purchases, direct payments to producers, insurance subsidies, buffer stocks to stabilize prices and guarantee domestic supplies, border measures to protect domestic industries, and crop and price support mechanisms. Moreover, initiatives launched in the region fuel the growth of the market studied. For instance, in December 2022, The ACRE Alliance launched the event 'Reclaim to Regenerate: Towards Regenerative Cotton Sector in India' in Nagpur, Maharashtra. Through this Alliance, Solidaridad and CRB believe the required shift in agricultural practices will be possible because of a new, more systemic form of collaboration between stakeholders across the value chain, which includes farmer groups, ginners, traders, buyers, brands, as well as agricultural and textile authorities.
Asia Pacific Cotton Market Trends
This section covers the major market trends shaping the APAC Cotton Market according to our research experts:
Increasing Demand for Natural Fibers
The word 'natural' is ubiquitous hear these days. There are significant advantages of including natural products in daily routine. When it comes to cotton, clothing, jute, silk, kapok, hemp, or wool are considered natural fibers. Across Asia- Pacific, cotton is the most widely used natural fiber. There is a rising popularity of returning to suitable old natural fibers like cotton, a tremendously absorbent natural fiber and hypoallergenic, making it the right choice for sensitive skin. Cotton is all-natural, making for a comfortable and breathable fabric year-round.
The increasing utilization of natural fibers, such as cotton, in the Asia textile industry is driving the export of cotton from Asian countries. China and India are the largest exporters from Asia. The export of cotton from India drastically increased from USD 5,809,190 thousand in 2020 to USD 10,028,337 thousand in 2021.
Most Indian cotton in 2021 was destined for Bangladesh, China, Vietnam, Sri Lanka, and the Republic of Korea. Cotton is the most popular type of fabric used due to its versatility in these countries. It is lightweight, comfortable to wear, affordable, and one of the best to wear in the hot and humid climate of the Asian Sub-continent. Thus, the increasing demand for natural fibers in the Asia Pacific market directly aids in boosting the growth of the cotton market.
China Dominates the Market
China is the largest producer of cotton in the world, with a planted area of approximately 3.0 million hectares in 2021. Both Bt cotton and non-Bt cotton varieties are used in China. Cotton production in China pertains to cotton which is the prime cash crop of China. China leads Asia as well as the global production of cotton. For instance, according to the FAOSTAT database, in 2020, China with the production of seed cotton (unginned), accounting for 29,500,000 metric ton was at the top of the list among India, Bangladesh, Australia, and Pakistan.
Twenty-four of the 35 provinces of China grow cotton, with nearly 300 million people involved in its production. The cotton textile industry in the country employs over 10 million people. Furthermore, the cotton sown area accounts for approximately 30 percent of the total sown area of all the various cash crops in china. The major regions where cotton is a prime crop are the Xinjiang Uyghur Autonomous Region, the Yangtze River Basin (including provinces of Jiangxi and Hubei), and the Huang-Huai Region (mainly in provinces of Hebei, Henan, and Shandong).
The country is the largest consumer market for cotton in the world, as cotton is one of the main raw materials for many Chinese industries. 糖心vlog传媒 50.2 million cotton farming enterprises operate in China, mostly households, with approximately 89.0 million cotton farmers and part-time workers.
China's government policies and programs in support of the cotton sector are one of the key factors which are driving the growth of the cotton market in the country. For instance, in March 2022, China introduced its sustainable cotton standard, covering issues including workers' rights, environmental impact and the use of fertilizers.
Asia Pacific Cotton Market News
- July 2022: The government of India to set up "State of the Art" laboratories for testing cotton quality, encouraging farmers to use good quality seeds through awareness programs and dispensing with regulatory practices.
- May 2022: Ministry of Textiles, Commerce & Industry announced the formation of the Cotton Council of India to boost fiber's productivity.
- May 2022: The Pakistan government decided to offer incentives to the farmers to enable them to switch from the water-intensive sugarcane crop to cotton production to rely less on cotton imports and enhance textile exports.
Asia Pacific Cotton Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Defination
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
5. MARKET SEGMENTATION
5.1 Geography
5.1.1 China
5.1.1.1 Production Analysis (Volume)
5.1.1.2 Consumption Analysis (Volume and Value)
5.1.1.3 Import Market Analysis (Volume and Value)
5.1.1.4 Export Market Analysis (Volume and Value)
5.1.1.5 Price Trend Analysis
5.1.2 India
5.1.2.1 Production Analysis (Volume)
5.1.2.2 Consumption Analysis (Volume and Value)
5.1.2.3 Import Market Analysis (Volume and Value)
5.1.2.4 Export Market Analysis (Volume and Value)
5.1.2.5 Price Trend Analysis
5.1.3 Pakistan
5.1.3.1 Production Analysis (Volume)
5.1.3.2 Consumption Analysis (Volume and Value)
5.1.3.3 Import Market Analysis (Volume and Value)
5.1.3.4 Export Market Analysis (Volume and Value)
5.1.3.5 Price Trend Analysis
5.1.4 Bangladesh
5.1.4.1 Production Analysis (Volume)
5.1.4.2 Consumption Analysis (Volume and Value)
5.1.4.3 Import Market Analysis (Volume and Value)
5.1.4.4 Export Market Analysis (Volume and Value)
5.1.4.5 Price Trend Analysis
5.1.5 Australia
5.1.5.1 Production Analysis (Volume)
5.1.5.2 Consumption Analysis (Volume and Value)
5.1.5.3 Import Market Analysis (Volume and Value)
5.1.5.4 Export Market Analysis (Volume and Value)
5.1.5.5 Price Trend Analysis
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Asia Pacific Cotton Industry Segmentation
Cotton is a crop that is majorly used in textile industries. Cotton is a shrubby plant that is a member of the Mallow family. The cream-colored fluffy fibers formed surrounding small cottonseeds are called a boll. The Asia-Pacific Cotton Market is segmented by Geography (China, India, Pakistan, Bangladesh, and Australia). The report includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The report offers the market size and forecasts for Value (USD million) and Volume (Metric ton) for all the above segments.
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Asia Pacific Cotton Market Research FAQs
What is the current Asia Pacific Cotton Market size?
The Asia Pacific Cotton Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
What years does this Asia Pacific Cotton Market cover?
The report covers the Asia Pacific Cotton Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Cotton Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia Pacific Cotton Industry Report
Statistics for the 2024 Asia Pacific Cotton market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Asia Pacific Cotton analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
