Cotton Processing (Lint, Cottonseed) Market - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 17, 2018--The “Cotton Processing Market by Product (Lint, Cottonseed), Application (Textiles, Medical & surgical, Feed, Consumer goods), Equipment [Ginning (Saw, Roller), Spinning], Operation (Automatic, Semi-automatic), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The cotton processing market is estimated at USD 59.7 billion in 2018 and projected to grow at a CAGR of 4.0%, to reach USD 72.6 billion by 2023.
The growth of the cotton processing market is driven by the increasing demand for cotton in the textile industry. Rising animal feed is also a factor that has fueled the market growth. Asia Pacific is projected to be the fastest-growing regional market. Asian countries, especially India and China, have emerged as leading players due to the increasing cotton production, which, in turn, is stimulating the cotton processing market growth. One of the major restraints in the growth of the cotton processing market is the high cost of production due to obsolete equipment.
The lint segment is estimated to account for the largest share in 2018.
Based on product type, the lint segment is estimated to account for the largest share in the cotton processing market in 2018. This is due to the rising urbanization and changing lifestyle of consumers; this has led to an increase in the demand for textiles, which, in turn, is projecting to drive the growth of the lint segment.
The textile segment is estimated to account for the largest share in 2018.
Based on application, the textile segment is estimated to account for the largest share in the cotton processing market in 2018. This is due to the changing preferences of consumers toward different types of apparel in developing countries. This has led to an increase in the usage of different fabrics in the textile industry.
The spinning segment is projected to be the fastest-growing segment in the cotton processing equipment market.
Based on type, the spinning segment is projected to be the fastest-growing segment during the forecast period. 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 rising textile and medical & surgical industries have increased the demand for spinning machinery in APAC, Europe, and African countries.
Some of the major cotton equipment manufacturing companies are Bajaj Steel Industries Ltd (India), Lummus Corp (US), Nipha Exports Pvt Ltd (India), and Shandong Swan Cotton Industrial Machinery Stock (China).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Cotton Processing Market, By Product Type
7 Cotton Processing Market, By Application
8 Cotton Processing Market, By Equipment
9 Cotton Processing Ginning Equipment Market, By Operation
10 Cotton Processing Market, By Region
11 Competitive Landscape
12 Company ProfilesBajaj Steel Industries Limited Balkan Group of Companies Bhagwati Engineering Works Camozzi Group Cherokee Fabrication Karunanand Hydropneumatic Controls (P) Lummus Corp Mitsun Engineering Nipha Exports Private Limited Rieter Samuel Jackson Shandong Swan Cotton Industrial Machinery Stock Toyota Industries
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Related Topics:Textile Machinery
INDUSTRY KEYWORD: MANUFACTURING TEXTILES NATURAL RESOURCES OTHER NATURAL RESOURCES
SOURCE: Research and Markets
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PUB: 12/17/2018 07:49 AM/DISC: 12/17/2018 07:49 AM