The South America cotton seed treatment market is expected to witness a CAGR of 7.1% during 2018-2023. Increased number of new products are being launched under the cotton seed treatment category. For example, Syngenta, recently, in 2017, launched insecticide Cruiser 600 FS for seed treatment of cotton and various other crops in Brazil. Nufarm also launched insecticide Maestro FS in 2017 for cotton seed treatment in Brazil.
Thrips are among the most consistent insect pests of cotton in South America. Preventive insecticides applied as a seed treatment provide consistent yield responses. In some situations, supplemental foliar insecticides are needed in addition to preventive treatments in planting. Severe thrips infestations can cause stunting, maturity delays, and yield losses. Because, the severity of thrips cannot be predicted, insecticide seed treatments are increasingly being recommended to reduce the risk of thrips damage.
DuPont, in 2014, launched Dermacor, a seed treatment product in the Brazilian market in order to control caterpillar on cotton. In 2017, both Syngenta and Nufarm launched new products in Brazil named as Cruiser 600 FS and Maestro FS under the cotton seed treatment category. Adama Agricultural Solutions also launched XSeed seed treatment range that offers a mix of fungicides, insecticides and fertilizers as seed treatments on cotton in Brazil.
The market for seed treatment in Brazil is gaining significance due to a number of factors, prominent among which are agronomic trends that comprise development of high-quality seeds through the enhanced potential offered by Genetically Modified Organisms (GMOs) and changes in climatic conditions. The Brazilian cotton seed treatment market is expected to witness the fastest growth in South America. With the increasing need to control infestations of thrips, the need for treating cotton seeds increases. The number of new products registered under the cotton seed treatment product category has also increased considerably in Brazil.
Major Players: Bayer CropScience, Syngenta AG, Dow AgroScience, Adama Agricultural Solutions Ltd, and BASF SE, among others.
1.1 Market Definition
1.2 Key Findings of the Study
2. Research Scope & Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. Market Dynamics
3.1.1 Increasing Thrips Infestation
3.1.2 Increased Investment in R&D and New Product Launches
3.1.3 Reduced Requirement of Foliar Application of Pesticides
3.2.1 Does not Offer Season-Long Crop Protection
3.2.2 Stingent Regulations on Chemical Usage
3.3 Porter's Five Forces Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of Competition
4. Market Segmentation
4.1 By Application
4.2 By Geography
4.2.3 Rest of South America
5. Competitive Landscape
5.1 Strategies Adopted by Leading Players
5.2 Most Active Companies in the Past Five Years
5.3 Market Share Analysis
6. Company Profiles*
6.1 Adama Agricultural Solutions Ltd
6.2 BASF SE
6.3 Bayer Cropscience AG
6.4 Bioworks Inc.
6.5 Chemtura Agrosolutions (FMC Global)
6.7 Verdesian Life Sciences
6.8 Monsanto Company
6.9 Novozymes A/S
6.10 Nufarm Ltd.
6.11 Precision Laboratories Llc
6.12 Syngenta International AG
6.13 Valent USA Corporation
6.14 Wolf Trax Inc.
*List not exhaustive
7. Future of the Market