Market Trends of North America Cotton Seed Treatment Industry
This section covers the major market trends shaping the North American Cotton Seed Treatment Market according to our research experts:
Increasing Cotton Cultivation Drives the Market
Rising cotton cultivation in the North American region has been directly promoting the cotton seed treatment market. According to FAO, the total cotton cultivation area increased to 4.2 million hectares in 2018 from 3.8 million hectares in 2016. It is anticipated that the growing demand for cotton from the textile industry boosts cotton cultivation in North America fuelling the cotton seed treatment market.
United States Dominates the Market
The Unied States dominates the market as it produces almost 95% of the cotton in North America. According to FAO, The country produced 11.4 million metric tons of cotton in 2018, with an area of 4.2 million hectares. According to ITC Trade Map Database, The country is the second-largest exporter of cotton with an export value of USD 6.1 billion in 2019, which is USD 398 million more than the export value in 2018. Therefore owing to the huge import demand from other countries the cotton cultivation is anticipated to grow at a lightening rate, elevating the cotton seed treatment market.
