The cotton processing market is estimated to grow at USD 59.7 billion in 2018 and is projected to grow at a CAGR of 4.0% from 2018, to reach a value of USD 72.6 billion by 2023. The growth of the cotton processing market is driven by the increasing demand for cotton processing in the textile industry and the rising adoption of cottonseed meal as feed for animals.

Scope of the report:

On the basis of product type, the cotton processing market has been segmented as follows:
• Lint
• Cottonseed
• Others [Linters and cotton gin trash (CGT)]
On the basis of application, the cotton processing market has been segmented as follows:
• Textiles
• Medical & surgical
• Consumer goods
• Feed
• Others (Paper, propellants, and industrial applications)
On the basis of type, the cotton processing equipment market has been segmented as follows:
• Spinning
o Short-staple Spindles
o Long-staple Spindles
o Open-end rotors
• Ginning
o Roller Gin
o Saw Gin
On the basis of operation, the cotton processing ginning equipment market has been segmented as follows:
• Automatic
• Semi-automatic
On the basis of region, the cotton processing market has been segmented as follows:
• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

The textiles segment is projected to account for the fastest-growing market during the forecast period

On the basis of application, the cotton processing market is segmented into textiles, medical & surgical, feed, consumer goods, and others. The textiles segment is projected to be the fastest-growing segment in the cotton processing market from 2018 to 2023. This is due to the rising per capita income and changing preferences of consumers, which is driving the market growth. Moreover, increasing investments and policy support by the governments have also fueled the growth of the textile industry in countries such as India and China.

Asia Pacific is projected to account for the largest market size during the forecast period

The market is also segmented, on the basis of region, into North America, Europe, Asia Pacific, and RoW. Asia Pacific is projected to dominate the cotton processing market throughout the forecast period. Some factors influencing this dominance in the market include the rising textile industry, consumer goods, and animal feed. Rising chronic diseases and accidents along with increasing hygiene concerns among consumers have given rise to the consumption of processed cotton. Moreover, the technological advancements to increase the productivity is also propelling the market further.

Key Market Players:

Key players identified in cotton processing market include Lummus Corp (US), Bajaj Steel Industries Limited (India), Nipha Exports Private Limited (India), Shandong Swan Cotton Industrial Machinery Stock Co., Ltd. (China), Cherokee Fabrication (US), Reiter (Switzerland), and Toyota Industries (Japan). Key players are focusing on increasing their presence through undertaking investments and expansions and developing products specific to consumer preferences in these regions. These companies have a strong presence in Asia Pacific and North America.