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Cotton Farming in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Cotton Farming Market Research Report | NAICS 11192 | Dec 2013

Spinning cotton: Increasing global competition and diminishing assistance will oscillate revenue

IBISWorld’s Cotton Farming market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 08-13
3.0%
Annual Growth 13-18
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Profit
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Employment
23,525
Businesses
7,819
Industry Analysis & Industry Trends

Cotton farmers have withstood extreme volatility over the five years to 2013, especially as a result of world cotton shortages, which prompted US growers to increase exports. However, most recently, deteriorating revenue has been a result of plummeting world cotton prices, the receding level of industry assistance programs and record-high stockpiles. Unsurprisingly, the next five years, from 2013-2018, are anticipated to exhibit much of the same volatility and uncertainty for cotton farmers... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The US Cotton Farming industry's contribution to the overall economy is measured by industry value added (IVA). IBISWorld expects IVA to rise at an average annual rate of 1.7% over the 10 years to 2018. By comparison, US GDP is forecast to grow at an annualized rate of 2.1% over the same period. Therefore, the cotton farming industry is currently in mature stage of its life cycle, largely due to receding subsidies and volatile commodity prices.

Other factors pointing to this maturity include the steady consolidation of cotton farms and stagnant demand for the product. Over the five years to 2013, the number of cotton farms has declined from 9,548 to an estimated 7,983, reflecting an average annual decline of 3.5%... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Cotton Farming Industry?

Farms in this industry primarily grow cotton, which is typically used in textile manufacturing, while the plant’s cottonseed is exploited for its oil and used in some livestock feeds. Moreover, at least half of all cotton produced domestically is exported to overseas textile producers.

Industry Products
Upland cotton lintAmerican PimaCottonseed
 
Industry Activities
Cotton farmingCottonseed production


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