The Lint Segment is Projected to Account for the Largest Share in the Cotton Processing Market
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. Download PDF Brochure On the basis of product type, the cotton processing market has been segmented into lint, cottonseed, and others. The lint segment is estimated to account for the largest share of the cotton processing market in 2018. Lint is the fiber separated from cotton seeds through the ginning process. The rise in urbanization and change in the lifestyle of consumers have led to an increase in the demand for textiles, which, in turn, is projected to drive the growth of the lint segment further. In addition to this, the growing awareness about product quality among consumers is projected to reflect positively on the ...