The global seed cotton market is anticipated to register a CAGR of 5.2% over the forecast period. Cottonseed and cotton lint together constitute the seed cotton. Owing to the fluctuation in the prices of Bt Cotton, cotton seed companies halt the supplies. For example, cotton seed companies in India protested against the Government’s plan to cut down prices by 7.5%.
Key Market Trends
Cotton Seed Companies in India no Longer Need NOC from License Providers
The Protection of Plant Varieties and Farmers’ Rights authority has abandoned the condition of the no-objection certificate from license providers for developing new varieties based on the previous technology. The waiver is expected to open an ample number of opportunities for many cotton seed companies to develop hybrid cotton seed varieties. The no-objection certificate greatly hindered the growth of small- and medium-sized seed companies who were deprived of an access to the technology.
Asia-Pacific is one of the Largest Markets
China and India are the two largest seed cotton producers. China produced 10,100,000 metric ton of cottonseed in 2018, while India produced 9,527,000 metric ton of seed cotton in 2016.India held 68.5% of the market share of the Asia-Pacific market, in 2019. About 22 % of cotton production comes from India and it stands first in terms of production and second in terms of exports, after the United States. In order to sustain the same market position, India must increase its productivity. To improve cottonseed production, people are treating cotton seeds with calcium oxhychloride.
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