市場調查報告書
商品編碼
1423756
全球棉花市場:分析 - 按產品類型、最終用戶、地區、預測(至 2030 年)Cotton Market Forecasts to 2030 - Global Analysis By Product, Type (Upland Cotton, Pima Cotton, Organic Cotton, Genetically Modified Cotton and Other Types), End User and By Geography |
預計2023年全球棉花市場規模將達419.8億美元,2030年將達579.2億美元,預測期間內複合年成長率為4.7%。
棉花是世界範圍內的重要作物,是從棉花植物(棉)的蓬鬆種子纖維中獲得的天然纖維。棉花因其用途廣泛而被廣泛種植,用於紡織品、服裝和工業產品。棉質以其透氣性和舒適性而聞名。棉花種植需要溫暖的氣候和充足的水源。生長於排水良好、肥沃的土壤。
印度儲備銀行的數據顯示,2022 會計年度印度棉花及棉製品出口額超過 1.14 兆印度盧比(139.4 億美元)。與上一會計年度的 7,260 億印度盧比(88 億美元)相比,增加了近 5,860 億印度盧比(51 億美元)。
全球對紡織產品的需求增加
隨著紡織業在全球範圍內不斷擴張,特別是在新興國家,對紡織生產基本原料棉花的需求正在迅速增加。這種不斷成長的需求受到人口成長、都市化和消費者偏好變化等因素的影響。因此,棉花市場面臨越來越大的壓力,需要滿足紡織業日益成長的需求,進而影響全球棉花貿易和生產的動態。
病蟲害爆發
由於農民投資於病蟲害防治和疾病管理,病蟲害爆發導致生產成本增加。棉花作物容易受到病蟲害的影響,導致供應減少並影響全球棉花價格。此外,化學介入的需要引起了環境問題並影響了消費者的看法。整體而言,病蟲害壓力為棉花市場帶來了不確定性,影響了世界各地棉農的生產效率和經濟生存能力。
生物技術不斷進步
生物技術的進步提高了棉花產量、纖維品質和抗蟲能力。提高產量和永續性的創新包括具有增強的耐旱性和抗蟲性等特性的基因改造棉花類型。透過生物技術開發並適應特定環境條件的棉花確保了更大的適應性和資源效率。這是透過提高棉花產業的彈性和效率來回應全球需求。
與合成纖維的競爭
聚酯和尼龍等合成纖維通常以較低的成本模仿棉花的理想品質,導致棉製品的需求下降。合成纖維具有優異的性能,例如耐用性和成本效益。此外,技術進步不斷提高合成纖維的性能,增加了棉花生產商保持市場佔有率的挑戰。這種競爭正在阻礙市場的成長。
COVID-19 的影響
COVID-19 大流行對全球棉花市場產生了重大影響,擾亂了供應鏈並減少了對紡織品的需求。行動限制阻礙了棉花收穫和運輸,造成勞動力短缺。由於消費者在服飾上的支出減少,棉花價格波動。此外,全球貿易中斷和經濟不確定性進一步影響了棉花市場。隨著各國逐漸復甦,棉花產業持續克服消費行為變化和供應鏈調整等影響市場動態的挑戰。
預計有機棉市場在預測期內將是最大的市場
有機棉產業預計將出現良好成長。有機棉是傳統棉花的永續且環保的替代品,其種植過程中不使用合成農藥、除草劑或基因改造作物。它採用自然方法種植,可促進土壤健康和生物多樣性,同時減少對環境的影響。由此產生的織物不含有害化學物質,使其具有低過敏性,對消費者來說是安全的。選擇有機棉支持更永續和更道德的方法,有助於建立更健康的地球,並促進時尚和紡織業負責任的消費者選擇。
紡織業預計在預測期內複合年成長率最高
由於其多功能性和眾多優勢,紡織業在預測期內預計將實現最高的複合年成長率。棉質柔軟、透氣、吸水,使其成為舒適的服飾。棉織物耐用、易於染色且吸濕排汗。此外,棉花具有低過敏性,適合各種氣候。天然纖維可實現良好的通風並降低皮膚刺激的風險。棉花的適應性和環保特性使其在紡織業中廣受歡迎,促進了多種產品的永續性和舒適性。
預計亞太地區在預測期內將佔據最大的市場佔有率。中國引領著世界大部分生產和出口市場。印度也是世界上最大的棉花生產國之一,約佔全球棉花產量的22%。此外,中國和印度的紡織業佔據明顯主導地位,消耗了大部分國內生產的棉花。因此,這些主要國家對棉花需求的不斷成長正在推動該地區的市場需求。
預計北美在預測期內的複合年成長率最高。作為主要參與者,美國在預測期內保持了主要棉花生產國和出口國的地位。技術進步,例如採用基因改造棉花品種,影響了產量和品質。貿易政策和協議,包括北美自由貿易協定(北美自由貿易組織(NAFTA)),也影響了棉花貿易的動態。此外,棉花種植實踐和成長以及國際貿易活動的進步正在推動該地區的市場需求。
According to Stratistics MRC, the Global Cotton Market is accounted for $41.98 billion in 2023 and is expected to reach $57.92 billion by 2030 growing at a CAGR of 4.7% during the forecast period. Cotton, a vital global crop, is a natural fiber derived from the fluffy seed fibers of the cotton plant (Gossypium). Widely cultivated for its versatility, cotton is used in textiles, apparel, and industrial products. It is valued for its breathability and comfort. Cotton cultivation demands a warm climate and ample water. It thrives in well-drained soil with good fertility.
According to the Reserve Bank of India, in the fiscal year 2022, the value of cotton and cotton products exported from India was over INR 1140 billion (USD 13.94 billion). This increased by almost INR 586 billion (USD 5.1 billion) compared to the previous financial year, which accounted for INR 726 billion (USD 8.8 billion).
Escalating global demand for textiles
As the textile industry continues to expand worldwide, particularly in emerging economies, the need for cotton, a fundamental raw material in textile production, has surged. This heightened demand is influenced by factors such as population growth, urbanization, and changing consumer preferences. Consequently, the cotton market is experiencing increased pressure to meet the growing requirements of the textile sector, shaping the dynamics of global cotton trade and production.
Pest and disease outbreaks
Pest and disease outbreaks lead to increased production costs as farmers invest in pest control measures and disease management. The susceptibility of cotton crops to infestations can result in reduced supply, subsequently affecting global cotton prices. Additionally, the need for chemical interventions raises environmental concerns and influences consumer perceptions. Overall, pest and disease pressures create uncertainties in the cotton market, influencing production efficiency and economic viability for cotton farmers worldwide.
Rising biotechnological advancements
Biotechnological advancements enhance the cotton crop yield, fiber quality, and resistance to pests. Innovations that enhance production and sustainability include genetically engineered cotton types with enhanced features like drought tolerance and pest resistance. Better adaptation and resource efficiency are ensured by cotton types developed due to biotechnology that is suited to particular environmental conditions. This meets worldwide demand by making the cotton sector more resilient and effective.
Competition from synthetic fibers
Synthetic fibers like polyester and nylon often emulate cotton's desirable qualities at a lower price point, leading to reduced demand for cotton products. Synthetic fibers offer superior attributes, such as durability and cost-effectiveness. Additionally, advancements in technology continually enhance synthetic fiber performance, intensifying the challenge for cotton producers to maintain market share. This competition thereby hampers the market growth.
Covid-19 Impact
The covid-19 pandemic significantly impacted the global cotton market as lockdowns disrupted supply chains and reduced demand for textiles. Restrictions on movement hindered cotton harvesting and transportation, causing labor shortages. With reduced consumer spending on clothing, cotton prices fluctuated. Moreover, global trade disruptions and economic uncertainties further affected the cotton market. As countries gradually recover, the cotton industry continues to navigate challenges, including changing consumer behaviour and supply chain adjustments, influencing market dynamics.
The organic cotton segment is expected to be the largest during the forecast period
The organic cotton segment is estimated to have a lucrative growth. Organic cotton is a sustainable and eco-friendly alternative to conventional cotton, grown without synthetic pesticides, herbicides, or genetically modified organisms. Cultivated using natural methods, it promotes soil health and biodiversity while reducing environmental impact. The resulting fabric is free from harmful chemicals, making it hypoallergenic and safer for consumers. Choosing organic cotton supports a more sustainable and ethical approach, contributing to a healthier planet and promoting responsible consumer choices in the fashion and textile industries.
The textile industry segment is expected to have the highest CAGR during the forecast period
The textile industry segment is anticipated to witness the highest CAGR growth during the forecast period, due to its versatility and numerous benefits. It is soft, breathable, and absorbent, making it comfortable for clothing. Cotton fabrics are durable, easy to dye, and have excellent moisture-wicking properties. Additionally, cotton is hypoallergenic and suitable for various climates. Its natural fibers allow for good air circulation, reducing the risk of skin irritations. Cotton's adaptability and eco-friendly characteristics contribute to its popularity in the textile industry, promoting sustainability and comfort in a wide range of products.
Asia Pacific is projected to hold the largest market share during the forecast period. China leads the most of the global production and export market. India is also one of the world's largest cotton producers, accounting for about 22% of the world's cotton production. Moreover, the dominance of the textile sector prevails in both China and India, as it consumes most of the cotton produced in the country. Therefore, the rising requirement for cotton in these major countries is propelling the market demand in this region.
North America is projected to have the highest CAGR over the forecast period. The United States, as a major player, maintained its position as a leading cotton producer and exporter during this forecast period. Technological advancements, such as the adoption of genetically modified cotton varieties, influenced yields and quality. Trade policies and agreements, including the North American Free Trade Agreement (NAFTA), also impacted the dynamics of cotton commerce. Further, advancements in cotton cultivation practices and growing and international trade activities are fuelling the region's market demand.
Key players in the market
Some of the key players profiled in the Cotton Market include Cotton Corporation of India, Fazal Group, Loyal Textiles Mills Limited, Oswal Group, Vardhman Group, Bombay Dyeing, Armor Seed, Damodar Group, Unifi Inc., Banswara Syntex Limited, Adani Group, Shri Vallabh Pittie Group, Weiqiao Textile Company Limited, Cargill Incorporated, Bunge Limited, Corteva Agriscience, Olam International and Gokak Mills.
In November 2023, State-run Cotton Corp. of India (CCI) is set to procure over one million bales of premium Kasturi cotton in the current season that began in October 2023. It is projected at 36 million bales of 170 kg each.
In March 2022, Armor Seed Company released two cotton varieties, ARMOR 9512 B3XF and ARMOR 9442 XF, in the 2022 season. Both varieties are known for their big seeds, improved vigor/emergence, fiber quality, and XtendFlex Technology.