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$72.6 Bn Cotton Processing Market by Product, Application, Equipment, Operation and Region - Global Forecast to 2023

Dublin, Dec. 17, 2018 (GLOBE NEWSWIRE) -- The "Cotton Processing Market by Product (Lint, Cottonseed), Application (Textiles, Medical & surgical, Feed, Consumer goods), Equipment [Ginning (Saw, Roller), Spinning], Operation (Automatic, Semi-automatic), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The cotton processing market is estimated at USD 59.7 billion in 2018 and projected to grow at a CAGR of 4.0%, to reach USD 72.6 billion by 2023.

The growth of the cotton processing market is driven by the increasing demand for cotton in the textile industry. Rising animal feed is also a factor that has fueled the market growth. Asia Pacific is projected to be the fastest-growing regional market. Asian countries, especially India and China, have emerged as leading players due to the increasing cotton production, which, in turn, is stimulating the cotton processing market growth. One of the major restraints in the growth of the cotton processing market is the high cost of production due to obsolete equipment.

The lint segment is estimated to account for the largest share in 2018.

Based on product type, the lint segment is estimated to account for the largest share in the cotton processing market in 2018. This is due to the rising urbanization and changing lifestyle of consumers; this has led to an increase in the demand for textiles, which, in turn, is projecting to drive the growth of the lint segment. However, the rising number of accidents and chronic diseases is also increasing the consumption of processed cotton and cotton bandages globally. The rising exports of lint and cotton products are generating export income across many countries. All these factors are expected to propel the market growth further.

The textile segment is estimated to account for the largest share in 2018.

Based on application, the textile segment is estimated to account for the largest share in the cotton processing market in 2018. This is due to the changing preferences of consumers toward different types of apparel in developing countries. This has led to an increase in the usage of different fabrics in the textile industry. Moreover, the increasing investments and policy support by governments is expected to fuel the growth of the textile industry in countries such as India and China.

The spinning segment is projected to be the fastest-growing segment in the cotton processing equipment market.

Based on type, the spinning segment is projected to be the fastest-growing segment during the forecast period. Spinning is considered one of the most important processes in the textile and pharma industries and is used to convert baled cotton into yarn or thread to produce high-strength yarns. The rising textile and medical & surgical industries have increased the demand for spinning machinery in APAC, Europe, and African countries.

The automatic segment of the cotton processing ginning equipment market is estimated to account for the largest share in 2018.

Based on operation, the automatic segment is estimated to account for the largest share in the cotton processing ginning equipment market in 2018. This is due to the high productivity provided by automatic machines in less time. Installing fully automated processing equipment leads to accurate processing, quick and reliable production processes, optimum utilization of time, reduced labor costs, and controlled operations. These are some of the factors that are driving market growth.

Some of the major cotton equipment manufacturing companies are Bajaj Steel Industries Ltd (India), Lummus Corp (US), Nipha Exports Pvt Ltd (India), and Shandong Swan Cotton Industrial Machinery Stock (China).

These countries have been engaged in manufacturing fully automated cotton processing equipment for cotton processors. With the availability of such fully automated and integrated processing lines, operational efficiencies and proper control of production processes have been achieved.

High growth is projected in the Asia Pacific cotton processing market.

Asia Pacific is projected to be the fastest-growing market for the period considered for this study, due to the rising disposable income, changing lifestyles of consumers and rapid urbanization of the region. Increase in demand for cotton products such as clothing, cotton bandages, home furnishing products, animal feed, and paper is also driving the market growth. The growing technology base in the region is also expected to increase the demand for cotton processing in Asia Pacific.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency Considered
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation & Scope
2.3 Research Assumptions & Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Cotton Processing Market
4.2 Cotton Processing Market, By Product Type
4.3 Cotton Processing Market, By Application
4.4 Asia Pacific: Cotton Processing Market, By Type & Application
4.5 Cotton Processing Ginning Equipment Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Cotton in the Textile Industry
5.2.1.2 Increasing Adoption of Cottonseed Meal as Feed for Animals
5.2.1.3 Rising Demand for New Applications
5.2.2 Restraints
5.2.2.1 High Susceptibility to Diseases and Pests
5.2.2.2 High Cost of Production Due to Obsolete Equipment
5.2.3 Opportunities
5.2.3.1 Improved Equipment and Technologies
5.2.4 Challenges
5.2.4.1 Quality Concerns Due to Contamination

6 Cotton Processing Market, By Product Type
6.1 Introduction
6.2 Lint
6.2.1 Lint Segment Held the Largest Market Share, Due to High Demand From Textile Industry
6.3 Cottonseed
6.3.1 Cottonseed Held the Second Largest Market Share, Owing to their High Demand in the Ruminant Feed
6.4 Others

7 Cotton Processing Market, By Application
7.1 Introduction
7.2 Textile
7.2.1 Textiles Segment Dominated the Cotton Processing Market, Owing to Its Application Into Different Products
7.3 Medical & Surgical
7.3.1 Increasing Population and Public Health Services in Developing Countries Fueling the Demand for Cotton Processing Medical & Surgical Application
7.4 Feed
7.4.1 Cottonseed and Cotton Gin Trash are Widely Used as A Compound Feed
7.5 Consumer Goods
7.5.1 Asia Pacific is Projected to Witness the Fastest Growth in Consumer Good Applications
7.6 Others

8 Cotton Processing Market, By Equipment
8.1 Introduction
8.1.1 Ginning
8.1.1.1 Saw
8.1.1.1.1 Saw Gins Dominated the Ginning Equipment Market, Owing to their High Productivity in Lesser Time
8.1.1.2 Roller
8.1.1.2.1 Roller Gin is Expected to Grow at the Highest Cagr, Owing to the Rising Demand From US, China, and India
8.1.2 Spinning
8.1.2.1 Short Staple is Expected to Dominate the Global Cotton Processing Spinning Equipment Market
8.1.2.2 Short Staple Spindles
8.1.2.2.1 Short Staple is Expected to Dominate the Global Cotton Processing Spinning Equipment Market
8.1.2.3 Long Staple Spindles
8.1.2.3.1 Increased Demand for Woolen and Acrylic Products is Fueling the Demand for Long Staple Spindles
8.1.2.4 Open-End Rotors
8.1.2.4.1 With Increased Demand for Textiles, the Demand for Open-End Rotors is Also Expected to Increase

9 Cotton Processing Ginning Equipment Market, By Operation
9.1 Introduction
9.2 Automatic
9.2.1 Automatic Segment is Expected to Dominate the Global Cotton Ginning Equipment Market
9.3 Semi-Automatic
9.3.1 Semi-Automatic Equipment Enables Small & Medium Scale Manufacturers to Support High Yield Without Compromising in Production Efficiency

10 Cotton Processing Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 US Accounted for the Largest Market Size in the Cotton Processing Equipment Market in North America
10.2.2 Canada
10.2.2.1 Canada has A Strong Foothold on the Cotton Export Business and Encourages Ginning Mills to Increase the Productivity
10.2.3 Mexico
10.2.3.1 Rising Investment in the Modern Processing Technologies is Driving the Market in Mexico
10.3 Europe
10.3.1 Greece
10.3.1.1 Greece Accounted for the Largest Market Size in the Cotton Ginning Equipment Market in North America
10.3.2 Spain
10.3.2.1 Growth in the Spain Cotton Processing Machinery Can Be Attributed to the Numerous Upgradations in the Processing Equipment
10.3.3 Bulgaria
10.3.3.1 Rising Cotton Production in Bulgaria is Driving the Demand in Bulgaria
10.3.4 Western & Southern Europe
10.3.4.1 Western & Southern Europe is Expected to Dominate the Cotton Processing Spinning Equipment Market
10.3.5 Eastern Europe
10.3.5.1 Growing Investments in the Textile Machinery Market is Fueling the Market in Eastern Europe
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 China Accounted for the Largest Market Size in the Cotton Processing Equipment Market in Asia Pacific
10.4.2 Pakistan
10.4.2.1 Cotton Production is the Integral to the Economic Development in Pakistan
10.4.3 India
10.4.3.1 India is Expected to Witness the Highest Growth in the Cotton Processing Equipment Market in Asia Pacific
10.4.4 Rest of Asia Pacific
10.5 Rest of the World
10.5.1 South America
10.5.1.1 South America Accounted for the Largest Market Size in the Cotton Processing Equipment Market in RoW
10.5.2 Africa
10.5.2.1 Africa is Currently Witnessing Growth in the Region, Owing to the Increased Government Initiatives
10.5.3 Middle East
10.5.3.1 Rising Textile Industry in the Region, Provides Customer Base for the Cotton Spinning Industry

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking
11.2.1 Key Strategies
11.3 Competitive Scenario
11.3.1 Expansions & Investments
11.3.2 New Product Launches
11.3.3 Collaborations
11.3.4 Agreement

12 Company Profiles
12.1 Lummus Corp
12.2 Nipha Exports Private Limited
12.3 Bajaj Steel Industries Limited
12.4 Shandong Swan Cotton Industrial Machinery Stock
12.5 Cherokee Fabrication
12.6 Mitsun Engineering
12.7 Balkan Group of Companies
12.8 Bhagwati Engineering Works
12.9 Karunanand Hydropneumatic Controls (P)
12.10 Samuel Jackson
12.11 Rieter
12.12 Toyota Industries
12.13 Camozzi Group

For more information about this report visit https://www.researchandmarkets.com/research/kbxrjq/72_6_bn_cotton?w=12

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