Global Cotton Market & Volume By Consumption Countries, Forecast By 2027
Global Cotton Market will be US$ 46.56 Billion by 2027. Forecast By Consumption (China, India, Pakistan, Bangladesh, Turkey, Vietnam, Uzbekistan, Other), Production, Export, Import Country, Companies.
By: Renub Research
Cotton is also a very political crop since its importance is in the world exchange of many evolving countries. Cotton grows in nearly all tropical and subtropical regions around the world. Being fairly salt- and drought-tolerant makes cotton an appealing crop for the arid and semi-arid regions. Cotton has many other uses, across many different industries like in Woven Fabrics, Clothing, Bed Sheets and Towels, Home décor, Cottonseed Oil, Pharmaceuticals, etc.
India, China, Pakistan and United States are major producers of cotton worldwide. United States exports most of its cotton produce as it has less developed textile industry. Asian countries dominate the cotton production as well as they are also one of the biggest consumers of cotton. China, India, Pakistan, and Bangladesh are the largest cotton consumers worldwide, accounting for one of the highest global consumption. In recent years both countries Vietnam and Uzbekistan have also emerged as a major consumer of cotton.
Since many years, China and India have been the core markets for cotton consumption. In India, the supremacy of the textile sector exists, as it consumes most of the country's cotton. Similarly, considerable cotton exporters are the United States, Brazil and India. The core importers are China, Bangladesh and Vietnam. For the year 2020, Worldwide Cotton Market was US$ 38.54 Billion.
About the Company:
Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-
Phone No: +1 678-302-0700 (USA) | +91-120-421-
Follow the Link for Report Customization: