Market Trends of asia-pacific cotton seed Industry (seed for sowing)
Rising demand for cotton from textile industries combined with its high exports drives the cotton acreage in the region
- The Asia-Pacific region is one of the largest cotton-producing regions globally, with countries such as China, India, and Pakistan being the leading cotton producers. The overall cultivation area of cotton in the region accounted for about 2.4% of the total cultivation area in 2022. Cotton cultivation is highly dependent on climatic conditions, and any adverse conditions, such as floods, severely affect the overall cotton acreage.
- The overall cultivation area of cotton in the region was almost constant between 2017 and 2022. There were fluctuations in the cotton cultivated during the same period, which is attributed to various reasons such as adverse climatic conditions, the COVID-19 pandemic disrupting the supply chain of cotton by reducing the demand for cotton, and the growing prices of cotton resulting in textile manufacturers shifting to other synthetic or alternative fiber crops.
- Among countries in the Asia-Pacific region, India held the largest commercial cotton seed cultivation area with about 5.0 million ha, followed by China with 3.0 million ha and Pakistan with 1.4 million ha in 2022. All these countries collectively held about 79.6% of the region's cotton commercial acreage in the same year. Since cotton already competes for acreage with other crops, such as soybeans and pulses, its cultivation area is anticipated to increase moderately during the forecast period. The high export potential of cotton and the increasing demand for cotton worldwide from textile industries are the major factors driving the cotton cultivation area in the region. The increasing demand for cotton and its high export potential are anticipated to drive the cotton cultivation area in the region during the forecast period.
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Insect-resistant and disease-resistant varieties of cotton are dominating the market, especially in India, which is one of the leading cotton-producing countries
- Cotton crop is prone to damage by a number of insect pests. There are over 166 insects recorded as pests in cotton crops. They are prone to damage from the seedling stage by grasshoppers, thrips, aphids, and jassids. The major pests that cause severe damage are spiny bollworms, spotted bollworms, and pink bollworms. For instance, from 2021 to 2023, farmers in India, especially in Punjab, witnessed a severe infestation of pink bollworms, which led to significant crop losses across the country. In India, insect-resistant cotton was approved for cultivation in 2002. Since then, the adoption rate has increased, accounting for 95% in 2022. This exponential growth indicates farmers’ acceptance of insect-resistant cotton in the country and the benefits derived from the technology. Therefore, the demand for insect-resistant seeds is expected to increase during the forecast period to avoid crop losses due to insects.
- Companies such as Bayer AG, Anhui Tsuen Yin Hi-Tech Seed Industry Co. Ltd, and Kaveri Seeds are providing seed varieties resistant to sucking pests and helping growers earn high profits by producing high-quality cotton for processing industries. Moreover, Seed manufacturing companies are developing varieties with drought-tolerant and disease-resistant traits due to abnormal climatic conditions and the prevalence of diseases such as cotton leaf curl virus (CLCV), soil-borne diseases, and bacterial diseases. Therefore, products such as Pravir, Surpass, and Balraj + (MRC 7365 BG II) are used by cotton growers to protect crops against diseases.
- The prevalence of sucking pests and diseases, as well as changing weather conditions, is expected to increase the demand for improved cotton seed varieties in the region during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Transgenic breeding is the most popular breeding technique employed in developing cotton seeds
