Organic Cotton Hitting the Mainstream
Organic Cotton Hitting the Mainstream
According to a new study by the nonprofit Organic Exchange, the organic cotton market increased exponentially in North America, Europe, and Japan between 2001 and 2005. During those four years, the number of brands and retailers with significant organic cotton programs grew from 5 companies to more than 30.
May 9, 2006
According to a new study by the nonprofit Organic Exchange, the organic cotton market increased exponentially in North America, Europe, and Japan between 2001 and 2005. During those four years, the number of brands and retailers with significant organic cotton programs grew from 5 companies to more than 30.
The estimated global retail sales of organic cotton products more than doubled, from $245 million in 2001 to $583 million in 2005, an annual average growth rate of 35%. By 2008, the market is expected to grow to more than $2.6 billion -- a tenfold increase in just 7 years. Companies like Nike, Patagonia, Bed, Bath & Beyond, IKEA and even Wal-Mart have joined the organic cotton explosion; Wal-Mart has even become largest single purchaser of 100% organic cotton products in the world.
via makower.typepad.com