The organic cotton market size is predicted to reach USD 25,890.2 million by 2032 and exhibit a CAGR of 40.0% during the 2024-2032 period. In 2020, the organic cotton market reached a valuation of USD 518.7 million, surging to USD 1,585.5 million by 2024, as revealed in Fortune Business Insights™'s report titled "Organic Cotton Market, 2024-2032". This variant of cotton is cultivated using natural fertilizers and materials, aiming for a reduced environmental footprint. Its cultivation process contributes to soil fertility restoration and preservation, reduces reliance on harmful fertilizers and pesticides, and promotes agricultural biodiversity. Cultivated from high-quality seeds like GM for enhanced and sustainable crop yields, organic cotton addresses the growing demand for eco-friendly alternatives, driven by increased consumption in the textile industry, particularly spurred by fast fashion trends. Its versatile fiber is utilized in various applications, including garment production, athletic wear, medical apparel, and packaging bags. The market expansion is chiefly fueled by the rising preference for environmentally friendly fibers, devoid of adverse effects on both the environment and human health.
List of Key Market Players:
Cargill Incorporated (U.S.)
Plexus Cotton Ltd. (U.K.)
Staple Cotton Cooperative Association (U.S.)
Calcot Ltd. (U.S.)
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 (U.S.)
Segments:
The organic cotton market size segmentation includes long-staple cotton, short-staple cotton, middle-staple cotton, extra-long staple cotton, and others based on type. Quality types are categorized into supima/pima, upland, giza, and others. Applications are divided into apparel, packaging, and others. Geographically, the market is classified into Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.
Report Coverage:
The research report offers a comprehensive value chain analysis of the industry, emphasizing key factors such as major players, applications, and types. It also provides insights into market trends and key industry advancements. In addition to the aforementioned factors, the research incorporates various other variables contributing to the recent market expansion.
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Drivers & Restraints:
Increasing Demand for Sustainable Textile Solutions to Drive Market Growth
Growing global concerns regarding sustainability and pollution have led many organizations to opt for organic cotton in textile production. Organic cotton is better for soil conditioning and has a lower environmental impact compared to conventional cotton, which relies on harmful pesticides and substantial water usage. Additionally, consumers are increasingly considering sustainability when purchasing apparel and textiles, providing a competitive edge to textile companies employing organic materials. Integration of organic cotton into the supply chains of major fashion houses and retailers has led to a surge in demand.
Moreover, numerous companies have incorporated organic cotton market into the majority of their portfolios after recognizing its myriad benefits. This, coupled with increasing environmental sustainability concerns, health regulations, and consumer willingness to pay premium prices for organic products, is driving market demand. However, factors such as high costs associated with cottonseed, farming processes, and raw materials may hinder market growth.
Regional Insights:
Asia Pacific Leads Global Market with Strong Demand for Sustainable Cotton Solutions
In 2020, the Asia Pacific market valued at USD 310.1 million attributed its strong demand for sustainable cotton solutions to various end-use industries such as apparel, medical, and cosmetics. The region boasts numerous organic cotton growers and consumers, resulting in locally available, cost-effective items, thereby incentivizing increased product usage and a smoother transition from traditional cotton.
The European market witnesses significant growth due to the expansion of high-end luxury firms extending their regional distribution systems. Additionally, stringent government regulations regarding environmental preservation and consumer awareness of sustainable apparel fuel demand in the fashion industry. Latin America is expected to witness substantial growth owing to industrialization supported by economic and technological advancements, alongside ample agricultural areas for crop production. The Middle East & Africa market sees increased demand due to the region's growing economy, improved lifestyle, and significant production of Egyptian and Giza cotton, facilitating cost-effective cotton production and sustaining the regional market.
Competitive Landscape:
Focus on Sustainable Textile Solutions by Key Players
Key competitors in the market include Plexus Cotton Ltd., Cargill Incorporated, Calcot Ltd, Staple Cotton Cooperative Association, Remei AG, and the Rajlakshmi Cotton Mills (P) Limited. Company profiles highlight associations collaborating with cotton farmers to provide certified organic material to textile product manufacturers. Initiatives such as expanding investment, enhancing high-quality seed supplies, implementing advanced farming methods and equipment, and enhancing market presence are undertaken by organizations to increase global output and gain a competitive edge.
Information Source: https://www.fortunebusinessinsights.com/organic-cotton-market-106612