Market Size of Europe Cotton Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 8.08 Billion |
| Market Size (2029) | USD 10.27 Billion |
| CAGR (2024 - 2029) | 4.91 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Cotton Market Analysis
The Europe Cotton Market size is estimated at USD 8.08 billion in 2024, and is expected to reach USD 10.27 billion by 2029, growing at a CAGR of 4.91% during the forecast period (2024-2029).
- Europe is one of the largest consumers of cotton crops after Asia-Pacific and North America. However, cotton production in Europe is comparatively low compared to other regions. Among the European countries, Greece is the largest producer and exporter of cotton. There are more than 45,000 cotton farmers in the country, and cotton is currently planted on approximately 270,000 hectares, accounting for 10% of the total agricultural land. Thessaly, Macedonia, Thrace, and Mainland Greece are the major cotton-producing areas of Greece.
- Cotton in Greece is planted from March to April, and the crop life cycle is usually 170-210 days, depending on the variety and weather conditions. The cotton harvest typically occurs from October to November, and the European market is completely open, with no excise duties on cotton. The increased domestic consumption has made the market import-driven.
- The EU provides some crop-specific payment for cotton, limited to a certain base area per EU country. To be eligible, farmers must only grow cotton on land authorized by the EU country, using authorized seed varieties and subject to minimum quality of harvested cotton. This crop-specific payment aims to ensure risk against any disruption to production in the cotton-producing regions.
Europe Cotton Industry Segmentation
Cotton is an arable crop used mainly for fiber. Cottonseed remains after cotton are used to make oil for human use and oilseed cake for animal feed. Only cotton lint is considered in the report excluding the cottonseed.
The European Cotton Market is segmented by geography (Germany, Spain, Greece, Bulgaria, Albania, and Rest of Europe). The study includes the production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report offers market estimation and forecasts in value (USD million) and volume (metric ton) for the above-mentioned segments.
| Geography (Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume and Price Trend Analysis) | |
| Spain | |
| Greece | |
| Germany | |
| Bulgaria | |
| Albania | |
| Rest of Europe |
Europe Cotton Market Size Summary
The European cotton market is a significant player in the global textile industry, characterized by its substantial consumption levels, second only to Asia-Pacific and North America. Despite its high consumption, cotton production within Europe is relatively modest, with Greece standing out as the largest producer and exporter. The Greek cotton industry is supported by a large number of farmers and extensive agricultural land dedicated to cotton cultivation. The crop's growth cycle and harvest period are well-defined, and the European market benefits from an open trade environment with no excise duties on cotton. The European Union provides crop-specific payments to support cotton farmers, ensuring production stability and quality standards. Cotton's popularity in Europe is attributed to its practical and versatile properties, making it a staple in the European apparel industry, which is dominated by luxury brands.
The demand for cotton in Europe is driven by its integration into the textile industry, with major markets located in countries like Italy, Germany, and Spain. Despite the robust production in Greece, Europe relies heavily on cotton imports to meet its consumption needs, with Italy and Germany being significant importers. The region's cotton market is expected to experience steady growth, fueled by the increasing demand for cotton-based products such as bed linen. Initiatives like the Better Cotton Standard and strategic partnerships aim to enhance cotton quality and production practices in Europe. Regulatory changes in the EU are also focused on simplifying production rules and supporting small farmers, further contributing to the market's development.
Europe Cotton Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Geography (Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume and Price Trend Analysis)
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2.1.1 Spain
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2.1.2 Greece
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2.1.3 Germany
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2.1.4 Bulgaria
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2.1.5 Albania
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2.1.6 Rest of Europe
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Europe Cotton Market Size FAQs
How big is the Europe Cotton Market?
The Europe Cotton Market size is expected to reach USD 8.08 billion in 2024 and grow at a CAGR of 4.91% to reach USD 10.27 billion by 2029.
What is the current Europe Cotton Market size?
In 2024, the Europe Cotton Market size is expected to reach USD 8.08 billion.
