Cotton ginning machinery refers to the equipment used to separate cotton fibres from their seeds, enabling much greater productivity than manual cotton separation.
Sizing and Forecast
The cotton ginning machinery market size has grown strongly in recent years. It will grow from $3 billion in 2023 to $3.22 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to labor shortages, market competition, governmental policies and subsidies, economic development, market liberalization.
The cotton ginning machinery market size is expected to see strong growth in the next few years. It will grow to $4.34 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to supply chain disruptions, climate change impacts, shifts in consumer preferences, emerging market demand, sustainability focus. Major trends in the forecast period include circular economy initiatives, multi-functional machinery, predictive maintenance, remote monitoring and control, customization and adaptability.
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Segmentation & Regional Insights
The cotton ginning machinery market covered in this report is segmented –
1) By Type: Roller Cotton Gin, Saw Cotton Gin
2) By Feeding: Automatic Feeding, Manual Feeding
3) By Application: Saw Gin, Double Roller Gin, Rotary Knife Gin
The Asia-Pacific was the largest region in the cotton ginning machinery market share in 2023. North America was the second largest region in the global cotton ginning machinery market. The regions covered in the cotton ginning machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Growing demand for cotton and related products is expected to drive the cotton ginning market. Cotton is the oldest and most widely used fabric for making apparel as it is the most comfortable fabric to use, especially in tropical regions where the climate is humid. It is also used to make other industrial fabrics. For instance, in August 2023 according to the report published by the U.S. Department of Agriculture (USDA), a US-based government agency, it is anticipated that global cotton mill use is going to increase by 5.0 million bales (4.5 percent) to 115.9 million bales in 2023–24. Cotton is sold only after ginning which is separate fiber from the seed done using the cotton ginning machine. Thus, the rise in demand for cotton aids in the growth of the cotton ginning market.
Key Industry Players
Major companies operating in the cotton ginning machinery market report are Continental Gin Company, H.E. Butt Gin Co., GSK Machines Pvt. Ltd., Hebei Yingye Machinery Co. Ltd., Bajaj Group, Nipha Group, Handan Golden lion Cotton Machinery, Rieter AG, V.K. Industries, Lakshmi Ginning & Machinery Co. Ltd., Jagdish Industries, Platt International Limited, Dalwadi Group of Company, Balkan Textile And Cotton Gin Machinery Co. Inc, Texmo Industries Ltd., Lummus Corporation, Super Ginning & Engineering Corporation, Qingdao Hongda Heavy Machinery Co. Ltd., KARUNANAND HYDRO-PNEUMATIC CONTROLS PVT. LTD., Shandong Swan Cotton Industrial Machinery Stock Co.Ltd., Shandong Tianyi Machinery Manufacture Limited, Murray International, Crosland SDS Ltd., Wuhan Textile Machinery Co. Ltd., Bhagwati Engineering Works, Truetzschler GmbH & Co. KG, Jadhao Gears PVT. LTD., Premier Poly Cotton Ginning Machinery Ltd., Mitchell Ginning Equipment, Kasia Ginning Machinery
The cotton ginning machinery market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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