$8.3bn
$X.Xbn
10,741
4,250
$XXX.Xm
The Cotton Farming industry has experienced extremely volatile operating conditions over the past five years. Surging commodity prices immediately following the pandemic contributed to a partial resurgence but made substitutes more attractive. Trade wars and an appreciating dollar caused exports to fall. Since exports constitute a significant source of revenue for cotton farmers, their poor performance negatively impacted operators. As interest rates have risen recently, cotton farmers have held off on purchasing better machines, hindering crop yields. Overall, revenue for cotton farmers is forecast to creep up at a CAGR of only 0.2% to $8.3 billion over the five years to 2024. However, the Federal Reserve is expected to lower interest rates by the end of 2024, driving downstream demand and allowing cotton farmers to invest in new equipment. In 2024, revenue is expected to grow an estimated 18.1%.
Industry revenue has grown at a CAGR of 0.2 % over the past five years, to reach an estimated $8.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
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There are no companies that hold a large enough market share in the Cotton Farming in the US industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Upland cotton lint, American Pima and Cottonseed. Upland cotton lint is the largest segment of the Cotton Farming in the US.
Cotton prices dictate spening on upland cotton
Farms in this industry primarily grow cotton, typically used in textile manufacturing, while the plant’s cottonseed is exploited for its oil and used in some livestock feeds. Much of the cotton produced domestically is exported.
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NAICS 11192 - Cotton Farming in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Cotton prices are stabilizing and impacting revenue. After a pandemic-driven surge due to supply chain issues, the decline in prices has brought revenue back down from its in...
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Spending on upland cotton has surged in recent years as rising input prices have increased sales for farmers. Demand for cottonseed has also risen, as the soaring prices of o...
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Texas has the highest concentration of cotton farmers since it has lots of arable land and a humid climate. The arid climate in the southwestern part of the state also enable...
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Small farms have merged with larger ones because the latter have lower fixed costs. Volatility can cause major revenue declines, so having lower fixed costs enables farmers t...
Learn about the performance of the top companies in the industry.
There are no major players in this industry because cotton farming is fragmented. The prevalence of individual farmers, low barriers to entry and prevalence of export markets...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Cotton farmers are regulated by some agencies. These include the Environmental Protection Agency (EPA), US Department of Agriculture (USDA) and Occupational Safety and Health...
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Farmers have seen their profit surge in recent years because of high input prices. High prices for cotton and other products (e.g. cottonseed) have boosted the value of sales...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Cotton Farming in the US industry in United States is $8.3bn in 2024.
There are 4,250 businesses in the Cotton Farming in the US industry in United States, which has declined at a CAGR of 9.5 % between 2019 and 2024.
The market size of the Cotton Farming in the US industry in United States has been growing at a CAGR of 0.2 % between 2019 and 2024.
Over the next five years, the Cotton Farming in the US industry in United States is expected to grow.
Upland cotton farming and Long staple cotton farming are part of the Cotton Farming in the US industry.
The level of competition is high and steady in the Cotton Farming in the US industry in United States.