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For the year 2020, Worldwide Cotton Market was US$ 38.54 Billion. Global Cotton Market is expected to reach US$ 46.56 Billion by 2027, with a CAGR of 2.74% from 2020 to 2027.
Cotton has played a chief part in industrial evolution beginning in the eighteenth century. It also plays an important role in the textile industry. It is a labour-intensive cash crop mass-produced across the globe. Cotton majorly supports the global textile mills market and the global apparel manufacturing market.
Cotton is also a very political crop since its importance is in the world exchange of many evolving countries. Cotton grows in nearly all tropical and subtropical regions around the world. Being fairly salt- and drought-tolerant makes cotton an appealing crop for the arid and semi-arid regions. Cotton has many other uses, across many different industries like in Woven Fabrics, Clothing, Bed Sheets and Towels, Home decor, Cottonseed Oil, Pharmaceuticals, etc.