The cotton yarn market is poised for growth, projected to reach USD 117.69 billion by 2032 from USD 81.95 billion in 2023, reflecting a CAGR of 4.10 per cent. A significant boost to the sector came with Welspun Group’s US $ 200 million investment in June 2024. This grant aims to enhance organic cotton yarn production, catering to rising demand in Europe and North America for sustainable textiles.
The market thrives on the increasing preference for eco-friendly, organic cotton products. Initiatives like the Better Cotton Initiative (BCI) and government policies promoting sustainable farming have amplified production capabilities, ensuring higher-quality outputs. Organic cotton yarn, free from synthetic pesticides and fertilizers, continues to gain traction for its minimal environmental footprint.
Asia-Pacific leads the market, holding 52 per cent of the global share in 2023. India’s robust raw cotton supply and supportive Government policies, including the Technology Upgradation Fund Scheme (TUFS), position it as a dominant player. Meanwhile, North America sees growing adoption of organic cotton textiles, fueled by consumer awareness and environmental consciousness.
This investment underscores the industry’s commitment to sustainable practices and innovation, making cotton yarn a preferred choice across diverse applications like apparel, home textiles, and industrial fabrics.
