Want to invest in a growing green market? Try organic cotton
According to a report by nonprofit Organic Exchange, global retail sales of organic cotton apparel and home textile products grew 63 percent from its 2007 number of $1.9 billion. In 2008, the report says, it reached $3.2 billion.
The top ten brands that use and sell organic cotton might surprise you. They are Wal-Mart, C&A (out of Belgium), Nike, H&M (out of the UK), Zara (out of Spain), Anvil, Coop Switzerland, Pottery Barn, Greensource and Hess Naur (out of Germany).
A press release says the report says the brands plan to expand their use of organic cotton to result in an estimated $4 billion market in 2009 and a $5.3 billion market in 2010. To learn more, visit Organic Exchange’s Web site. But beware, it looks like they want to charge you (and me) $400 for the full report!
Tags: Green materials
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