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Global Organic Cotton Market: An Analysis
Koncept Analytics, Aug 2011, Pages: 42
Organic cotton originates from organic agriculture and is grown without the use of any synthetic agricultural chemicals such as fertilizers or pesticides or genetically modified (GM) seeds. Organic cotton is grown using methods and materials that have a low impact on the environment.
Despite the global recession in 2009, market for organic cotton continued to rise in the period 2005-2009. Organic cotton currently represents only 1.1% of total global cotton production, but the market for organic cotton is witnessing continued and rapid expansion driven mainly by growing consumer interest in ‘green’ products, significant expansion of existing organic cotton programs by brands and retailers, and the growing usage in personal care items, home furnishings, clothing etc. India remained the top organic cotton producing nation in 2009-10 for the third straight year. Other major organic cotton producers include Syria, Turkey, China and the US.
Global organic cotton production is likely to slow down in 2011 because of slowed production in India. South East Asia remains the highest producer region with India contributing more than 80% of organic cotton production to the region. India’s high production of organic cotton could be attributed to factors such as a strong agronomy, economies of scale and close links to a vast manufacturing base. Global production is likely to be affected in 2011 because production of organic cotton in India has slowed down as a result of regulatory changes and restricted availability of non-GM planting seed. However, global organic cotton production is likely to pick up momentum beyond 2011-12 on account of improvement in trade relations, balanced world supply distribution and strong growth in countries like Turkey, Syria, and Tanzania.
The report titled “Global Organic Cotton Market: An Analysis” assesses the overall organic cotton market in terms of standards, availability of land for producing organic cotton and processing of organic cotton. Market sizing and segmentation has been done to assess the growth of the organic market over the years. Also, regional analysis has been done for three countries – India, Turkey and the United States counted among the top five organic cotton producers in the world. The major factors driving growth of the organic cotton market has been analyzed and challenges discussed in detail. The competitive aspect of the market is also highlighted and the key players are profiled with their strategies for the market.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the organic cotton industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
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