Global Cotton Market Was Valued At USD 64 Billion In 2017

Posted by sainath on July 23rd, 2018

Cotton Fabrics comprise companies engaged in weaving or braiding of cotton fabrics. These are made from a soft, fluffy staple fiber, cotton grows in a boll around the seeds of the plant. These fibers are usually woven or knit into fabric by means of the two most common methods - plain weaves & twill weaves.

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The market was valued at USD 64 billion in 2017, and it is expected to be driven by huge production and large domestic consumption worldwide. Asia Pacific was the largest geographic region in the market in 2017, accounting for almost seventy percent of the global market share.

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China was the biggest player in the global cotton market in 2017 accounting for two-fifths of the market share.

The top five competitors in the cotton market are Weiqiao Textile Company Limited, Fazal Group, Loyal Textiles Mills Ltd, Bombay Dyeing, and Cotton Corporation of India. Weiqiao Textile Co., Ltd. is the biggest competitor in the global cotton market. It is headquartered in Binzhou, China. It engages in the production, sale, and distribution of cotton yarn, grey fabric, and denim. It operates through two segments: textile products and electricity. The textile products segment produces and sells cotton yarn, grey fabric, and denim.

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sainath
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