“Organic Cotton market is predicted to grow 48% in 2021-2021”

2021/08/10
Organic cotton market report by TEXTILE EXCHANGE’S 2021 revealed that 2019/20 was a record-setting year for organic cotton, with the largest volume of organic cotton fiber harvested globally to date, and growth is set to skyrocket in 2020/21.

In total, 229,280 farmers grew 249,153 tonnes of organic cotton fiber on 588,425 hectares of certified organic land in 21 countries. This represents a four percent growth in fiber volume and is the fourth year in a row that organic cotton production has increased. Organic cotton accounted for almost one percent of the global cotton harvest that season.

 

Organic cotton production is set to skyrocket in 2020/21, with an estimated 48% growth, stemming predominantly from India and Turkey. In India, this growth is largely a result of increased demand causing organic cotton prices to increase. This, in turn, makes it a more attractive option for farmers and is leading existing producers to dedicate a larger share of their certified organic land to growing cotton versus other crops. In Turkey, increased demand is also the main driver, but the growth is more a result of new producers starting up organic cotton production.

 

Source: Textile Focus