Major Group SIC 0131 - Cotton| iCFO

SIC 0131 - Cotton

SIC 01 - Agricultural Production Crops
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 013 - Field Crops, Except Cash Grains
  SIC 011 - Cash Grains SIC 013 - Field Crops, Except Cash Grains SIC 016 - Vegetables And Melons SIC 017 - Fruits And Tree Nuts SIC 018 - Horticultural Specialties SIC 019 - General Farms, Primarily Crop
  - SIC 0131 - Cotton
    SIC 0131 - Cotton SIC 0132 - Tobacco SIC 0133 - Sugarcane And Sugar Beets SIC 0134 - Irish Potatoes SIC 0139 - Field Crops, Except Cash Grains, Not Elsewhere Classified

Establishments primarily engaged in the production of cotton and cottonseed.

Industry trends:

The cotton industry (NAICS 0131) has been experiencing significant qualitative trends influenced by various factors including technology, consumer behavior, and sustainability demands. One notable trend is the increased adoption of precision agriculture. Farmers are leveraging advanced technologies such as drones, satellite imagery, and IoT devices to optimize crop yield and reduce resource usage. This technological shift aims to address issues related to climate change and resource scarcity.

Sustainability has emerged as a paramount concern within the industry. Consumers and manufacturers are increasingly advocating for organic cotton, which reduces the use of synthetic fertilizers and pesticides. This shift is not just a consumer-driven change but also a response to regulatory pressures and the need for more sustainable farming practices.

Another trend is the rise of genetically modified (GM) cotton, designed to be more resistant to pests and harsh environmental conditions. While this has sparked debates on biosafety and ecological impacts, it continues to garner investment and research, suggesting its expanding role in the sector.

In terms of market dynamics, the global supply chain disruptions seen over the past years have underscored the need for more resilient and localized cotton production. This has prompted some regions to explore vertical integration, reducing dependency on imports and enhancing control over quality and supply.

Looking forward, forecasts indicate that demand for sustainable and ethically produced cotton will continue to surge. The market for organic cotton is expected to grow significantly as more brands commit to sustainable sourcing. Additionally, technology will play a crucial role in revolutionizing cotton farming, with precision agriculture and biotech innovations leading the way. These trends suggest a future where efficiency, sustainability, and consumer preferences converge to shape the cotton industry.

This industry is comprised of:

Cotton farms

Cottonseed farms

Explore related industries:

SIC 0724 - Cotton Ginning SIC 2074 - Cottonseed Oil Mills SIC 2111 - Cigarettes

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