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North America Cotton Market Size (2024 - 2029)

The North American cotton market is a significant sector, with its market size reflecting the region's status as a leading cotton producer and exporter. The United States dominates this market, with Upland cotton being the predominant variety cultivated. Technological advancements and successful agricultural programs have bolstered productivity, although production challenges exist in Mexico due to regulatory constraints on genetically modified cotton. The continuous rise in global textile industry demand drives the expansion of the market, highlighting its importance in North America's agricultural landscape.

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Market Size of North America Cotton Industry

North America Cotton Market Analysis
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 14.14 Billion
Market Size (2029) USD 18.03 Billion
CAGR (2024 - 2029) 4.97 %

North America Cotton Market Analysis

The North America Cotton Market size is estimated at USD 14.14 billion in 2024, and is expected to reach USD 18.03 billion by 2029, at a CAGR of 4.97% during the forecast period (2024-2029).

  • Cotton is a primary cash crop in North America and a major regional export. Two cotton species are commercially cultivated in the region: Upland cotton and Pima (extra-long staple) cotton. Upland cotton dominates production. According to the US Department of Agriculture (USDA), Upland cotton accounted for 99% of the total cotton cultivation area in the United States in 2023. Texas is the largest producer, contributing approximately 40% of the United States' cotton production.
  • The United States is the fourth-largest cotton producer globally, with a production of 12.07 million bales in the 2023-2024 marketing year, as reported by USDA. The market's growth is driven by increasing demand for clothing, home textiles, and other cotton-based products, along with cotton's versatility and breathability. According to USDA, China, Pakistan, and Vietnam were the major importers of US cotton in 2023, collectively accounting for 52% of US cotton export volume. Cotton cultivation in the region has been steadily increasing due to global demand from the textile industry, which is the primary driver of the market.

North America Cotton Industry Segmentation

Cotton is a plant that produces soft, fluffy fibers used in textile manufacturing. It is a significant cash crop, widely utilized in the textile industry. The North American cotton market is geographically segmented into the United States, Mexico, and Canada. This report provides a comprehensive analysis of the market, focusing on several key metrics. These include production volume, consumption value and volume, import value and volume, export value and volume, and wholesale price trends. The analysis of these factors offers a detailed overview of the cotton market dynamics across North America. The report provides market sizing in terms of both value (USD) and volume (metric tons).

Geography
United States
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Wholesale Price Trend Analysis
Canada
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Wholesale Price Trend Analysis
Mexico
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Wholesale Price Trend Analysis
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North America Cotton Market Size Summary

The North American cotton market is a significant component of the region's agricultural economy, with the United States leading in both production and export. Cotton, particularly Upland cotton, is a major cash crop in the region, driven by its essential role as a raw material in the textile industry. The market is characterized by advancements in agricultural technology and practices, such as biotechnology and successful pest control programs, which have enhanced cotton productivity. However, challenges such as the ban on genetically modified cotton in Mexico have impacted production levels. The United States, with Texas as its largest producing state, remains a key player in the global cotton market, contributing a substantial portion of the world's cotton supply.

The textile industry is a primary driver of the North American cotton market, with significant demand for cotton-based materials. The United States-Mexico-Canada Agreement (USMCA) has further bolstered trade within the region, enhancing the textile industry's growth prospects. The United States also plays a pivotal role in textile research and development, leading to innovations in textile materials. Despite being a major cotton exporter, the United States imports limited quantities from other countries, focusing on expanding its export markets through government-supported programs. The ongoing investments and trade agreements are expected to sustain the growth of the cotton market in North America over the forecast period.

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North America Cotton Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Demand from the Global Textile Industry is Boosting the Market

      2. 1.2.2 Rising Exports of Cotton is Fueling the Market

      3. 1.2.3 Government Support and Initiatives

    3. 1.3 Market Restraints

      1. 1.3.1 Environmental and Climate Challenges Limiting the Market

      2. 1.3.2 Competiton From Synthetic Fibres and Supply Chain Disruptions

    4. 1.4 Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Geography

      1. 2.1.1 United States

        1. 2.1.1.1 Production Analysis

        2. 2.1.1.2 Consumption Analysis and Market Value

        3. 2.1.1.3 Import Market Analysis (Volume and Value)

        4. 2.1.1.4 Export Market Analysis (Volume and Value)

        5. 2.1.1.5 Wholesale Price Trend Analysis

      2. 2.1.2 Canada

        1. 2.1.2.1 Production Analysis

        2. 2.1.2.2 Consumption Analysis and Market Value

        3. 2.1.2.3 Import Market Analysis (Volume and Value)

        4. 2.1.2.4 Export Market Analysis (Volume and Value)

        5. 2.1.2.5 Wholesale Price Trend Analysis

      3. 2.1.3 Mexico

        1. 2.1.3.1 Production Analysis

        2. 2.1.3.2 Consumption Analysis and Market Value

        3. 2.1.3.3 Import Market Analysis (Volume and Value)

        4. 2.1.3.4 Export Market Analysis (Volume and Value)

        5. 2.1.3.5 Wholesale Price Trend Analysis

North America Cotton Market Size FAQs

The North America Cotton Market size is expected to reach USD 14.14 billion in 2024 and grow at a CAGR of 4.97% to reach USD 18.03 billion by 2029.

In 2024, the North America Cotton Market size is expected to reach USD 14.14 billion.

North America Cotton Market Report Snapshots

North American Cotton Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)