China And India Cotton Market To Reach $21.23 Billion By 2030

China And India Cotton Market Growth & Trends

The China and India cotton market size is anticipated to reach USD 21.23 billion by 2030, growing at a CAGR of 3.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Market liberalization and economic reforms have significantly impacted the cotton sectors of both countries. China's accession to the World Trade Organization (WTO) in 2001 and India's gradual opening up of its economy have facilitated greater integration into the global market. As a result, Chinese and Indian cotton producers have been exposed to increased competition and new opportunities for export and investment. Market liberalization has encouraged efficiency improvements, innovation, and specialization, driving overall growth and competitiveness in the cotton industries of China and India.

Additionally, biotechnological advancements, including genome editing and marker-assisted breeding, are used for developing cotton varieties with enhanced traits such as drought tolerance, fiber quality, and resistance to biotic and abiotic stresses. R&D investments contribute to the long-term sustainability and competitiveness of the cotton industries in China and India, fostering innovation and technological advancement.

Moreover, trade agreements and geopolitical developments also impact the cotton markets of China and India. Bilateral and multilateral trade agreements can affect market access, tariff rates, and export quotas, influencing the competitiveness of cotton producers and exporters. Moreover, geopolitical tensions and trade disputes between major cotton-producing and consuming countries can disrupt supply chains, leading to price volatility and uncertainty in the market.

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China And India Cotton Market Report Highlights

• The upland cotton segment led the market with the largest revenue share of 36.3% in 2023. Environmental sustainability and regulatory frameworks also impact the upland cotton market in China and India. Both countries increasingly adopt sustainable farming practices to address water usage, soil health, and pesticide impact concerns. Certifications and compliance with international sustainability standards, such as the Better Cotton Initiative (BCI) and organic cotton certifications, are becoming more prevalent, driven by consumer demand for eco-friendly products. 

• The medium staple cotton is expected to witness the fastest CAGR from 2024 to 2030. In China, medium staple cotton is crucial for the domestic textile industry, one of the largest in the world. The demand for medium staple cotton is driven by the country's vast textile manufacturing sector, which produces a wide range of cotton-based products for domestic consumption and export.

• China dominated the market and accounted for a 59.1% share in 2023. Domestic and international market demand is driving the growth of the market. As the world's largest textile producer and consumer, China's demand for cotton is driven by its vast textile industry. Domestic consumption of cotton textiles, ranging from clothing to home furnishings, remains robust due to factors such as urbanization, rising disposable incomes, and changing consumer preferences.

China And India Cotton Market Segmentation

Grand View Research has segmented the China and India cotton market based on type and staple length:

China And India Cotton Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Upland Cotton

• Egyptian Cotton

• Tree Cotton

• Asian Cotton

China And India Cotton Staple Length Outlook (Revenue, USD Billion, 2018 - 2030)

• Long Staple Cotton

• Short Staple Cotton

• Medium Staple Cotton

• Extra Long Staple Cotton

China And India Cotton Country Outlook (Revenue, USD Billion, 2018 - 2030)

• China

• India

List of Key Players in the China And India Cotton Market

• Cargill, Incorporated

• Louis Dreyfus Company

• Nitin Spinners

• Trikuta Exim International

• Jaydeep Cotton Fibres Pvt. Ltd.

• Om Organic Cotton Pvt. Ltd.

• GP Group India

• SUNIL COTTON COMPANY

• Changzhou Keteng Textile Co., Ltd

• Allmonde International

• Satya Cotton Mills

• KAUSHIK COTTON CORPORATION

• Bhura Group