GIA announces the release of global report on Organic Cotton market. The organic cotton business is potentially promising, as organic cotton is predicted to capture a wider area of interest in future. The world market for Organic Cotton is projected to exceed $19.8 billion by the year 2015, mainly driven by growing awareness and interest for eco-friendly products among consumers.
San Jose, CA (PRWEB) March 25, 2010 -- Organic cotton textiles have evolved from being a niche product for the environment-conscious consumers to emerging as a highly fashionable product sold in major fashion boutiques and renowned fashion houses. Organic cotton is the cotton produced without employing chemical fertilizers and pesticides on plants that are not modified genetically. The market is currently in evolving stage and is projected to expand significantly in the near term.
India, Syria, and Turkey account for more than 85% of the global organic cotton production as stated by the new market research report on Organic Cotton. India is a leading producer of organic cotton and in the next few years is expected to seize a sizable stake in the organic textile sector across the globe. The rise in the country's output is primarily attributed to an aversion towards producing genetically-modified cotton, higher cost of synthetic pesticides, as well as lack of availability of fertilizers. The United States represents the leading consumer of organic cotton and eco-textiles. The nation accounts for 40% of the organic cotton consumption in apparel products.
Organic fiber traded on the international market represents a very small portion of the overall global cotton market. There is a vast opportunity for developing nations to capitalize on this increasing global demand. Though the demand continues to outstrip supply, the developing nations face various challenges in terms of migrating to organic farming. The increasing awareness among consumers for sustainable and environment-friendly products is driving both high-end fashion stores as well as mass-market stores to further expand their collection of organic textile and clothing products. Traditionally, the organically-produced items were sold primarily at specialized organic textile shops, health stores, or through mail orders in Europe and the US. With the establishment of a well-defined organic market in these regions, big brands are expanding their presence in the organic sector.
Major participants in the organic cotton market include organic farming projects, producers of organic cotton yarns, and retailers. Select players profiled in the report include Agrocel Industries Ltd., Arvind Ltd., Cyarn Textile Co., Ltd., EcoFarms, Hemp Fortex Industries Ltd., Mavideniz Organic Group, Orimpex BV, Parko Textile, Pratibha Syntex Ltd., Rajlakshmi Cotton Mill Private Limited, Remei AG, and Sanko Textile.
The report titled "Organic Cotton: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, competitive scenario, product introductions/innovations, and recent industry activity. The study analyzes market data and analytics in terms of organic cotton production for regions including US, India, China, Syria, Turkey, Tanzania, Uganda, and Rest of World.
For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Organic_Cotton_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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