According to Fortune Business Insights, The global cotton yarn market size was valued at USD 82.81 billion in 2023 and is projected to grow from USD 86.11 billion in 2024 to USD 117.79 billion by 2032, exhibiting a CAGR of 4.0% during the forecast period. Asia Pacific dominated the cotton yarn market with a market share of 80.84% in 2023.
Cotton yarn is produced from natural cotton harvested from the cotton plant and can be manufactured through various spinning processes. Globally, cotton yarn is primarily classified into two categories based on the spinning method: carded yarn and combed yarn. Each type of yarn possesses distinct characteristics that determine its suitability for specific applications and influence the quality of the final textile products. For instance, combed yarn is made from high-quality cotton fibers and involves an additional combing step after the carding process, resulting in a smoother and finer yarn.
The market’s competitive landscape features prominent players such as Texhong, BROS, Huafu, Weiqiao Textile, and Vardhman Group. It remains highly fragmented, with numerous manufacturers offering largely similar products. Over the years, the industry has witnessed limited innovation, making it challenging for any single company to establish a dominant position. Nonetheless, a few players have successfully leveraged strong brand identities, enabling them to command premium pricing for their apparel.