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.
Increasing Thrips Infestation
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.
Increased Investment in R&D and New Product Launches
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.
Brazil is One of the Largest Markets
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.
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Major Players: Bayer CropScience, Syngenta AG, Dow AgroScience, Adama Agricultural Solutions Ltd, and BASF SE, among others.
Reasons to Purchase the Report
- Identify the dominating and fastest-growing countries in the South America cotton seed treatment market and their growth trends during the forecast period
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Identify the latest developments, market shares, and strategies employed by the major market players
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