Cotton Processing Market: By Product Type (Lint, Cotton Seed Others), By Process (Spinning, Ginning Others), By Application (Medical and Surgical, Textiles, Feed, Consumer Goods Others) and Geography  

Cotton Processing Market size was valued at USD 49,291 million in 2023 and is poised to grow at a CAGR of 4.6% from 2024 to 2030. Cotton processing is an important process in which series of steps are followed to remove impurities, reduce moisture content, and enhance the quality of cotton fibres for various applications by enhancing the quality of fibre. Cotton is a natural fibre obtained from the seed pods of the cotton plant, which is widely used in industries such as medical, consumer goods, textiles, and various other industries. Preparing the fibres for further manufacturing and producing higher-quality end products are the primary goals of cotton processing. It is a dynamic sector that plays a significant role in the textile industry.

The process starts with the harvesting of cotton bolls, followed by ginning, and then separating the seeds. Cotton is mostly used in the textile industry for manufacturing different products such as bed linens, clothing, home furnishings, and towels. Moreover, cottonseed oil is regularly used in the manufacturing of salad dressings, margarine, and numerous other food products. As users are becoming aware of healthy eating habits, the demand for healthier cooking oils like cottonseed oil is also increasing. However, cotton prices are affected by various factors, along with government policies, weather conditions, global demand, and supply dynamics. Unfavourable weather events, like droughts or floods, can reduce cotton yields and increase the prices of cotton due to a shortage of supply. Furthermore, variations in cotton prices and supply limitations can undesirably affect the overall growth and strength of the global cotton processing industry. 

Cotton Processing Market Key Developments:

• In July 2022, According to the US Department of Agriculture (USDA) Cotton production has increased in (August 2022-July 2023) by 3.3 percent, but consumption and world trade may remain stationary or notice a marginal growth due to lower consumption by China, Bangladesh, and Vietnam which shows the consequence on high container rates and limited supply, along with the rising inflation and hike in interest rates globally.
• In December 2021, Lummus Ag Technology extended its manufacturing centre in Savannah, GA which continues to update operations and grow the capacity of the production and services and parts, it has decided to fuse manufacturing operations into the Savannah, GA location. 
• In July 2020, Haldia Petrochemicals Limited and Rhône Capital acquired Lummus Technology. The acquisition aims to develop strategies to deliver technology and services to a broader customer base.