Valued at $81.95 billion in 2023, the global cotton yarn market is projected to grow at a CAGR of 4.10 per cent from 2024-2032 to $117.69 billion by 2032. As per a report by SNS Insider, this growth is likely to be fueled by an increasing demand for sustainable, high-quality textiles across fashion, home furnishings, and industrial applications. The shift toward eco-friendly production and the rising popularity of organic cotton yarn, which eliminates synthetic pesticides and fertilisers, are driving advancements in the market.
Enhancing the market for eco-friendly yarn, sustainability initiatives such as the Better Cotton Initiative (BCI) are promoting responsible cotton farming across the globe. In 2023, the carded yard segment held approximately 48 per cent share in the global cotton market on account of its cost-effectiveness and suitability for basic textiles and garments. Meanwhile, driven by a demand for premium apparel and home textiles, particularly in the developed markets, the combed yarn segment is growing at the fastest.
In 2023, propelled by the fashion industry’s need for breathable and comfortable fabrics, demand in the cotton sector was dominated by apparel segment with over 60 per cent market share,
Cotton yarn is widely used in producing T-shirts, shirts, jeans, and other garments. The home textiles segment, including bed linens, curtains, and towels, also grew as rising disposable incomes boosted spending on home improvement. Additionally, industrial textiles are being increasingly adopted in the automotive and medical segments.
Driven by thriving textile industries in China, India, Bangladesh, and Vietnam, Asia-Pacific led the global cotton yarn market in 2023 with a 52 per cent share. India’s abundant raw cotton supply and government schemes like TUFS supported its leadership. In North America, demand for organic cotton yarn rose, particularly in the US and Canada, where consumers favor sustainable textiles.
