DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9l95h5/spirotetramat) has announced the addition of the "Spirotetramat Market for Vegetable Crops, Fruits, Cotton and Other Crops - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" report to their offering.
The global spirotetramat market was dominated by North America in 2013 due to high demand for spirotetramat for mealybugs, scales and whiteflies. Movento was launched in the U.S. and Canada in 2008. It is predominantly used for oranges and lettuce plants in the region.
Growing insect resistance to existing insecticide, other than spirotetramat, and the overall cost reduction in pest management are expected to drive the global spirotetramat market. Farmers can use spirotetramat at any stage of plant growth due to the two-way systemicity of spirotetramat. However, ban on spirotetramat by federal law in some states in the U.S. and high cost of this product due to patents is anticipated to hamper the market growth. Additionally, high cost of product over other substitutes available in the market is likely to inhibit the market growth from 2014 to 2020. Companies operating in the market are likely to gain opportunities after the patent expiration of spirotetramat.
Spirotetramat is widely used for citrus, pome fruit, grape, strawberries, lettuce, mangoes and cotton, etc. This insecticide is effective against aphids, psyllids, scales, whiteflies, mealybugs and selected thrips. Bayer CropScience AG in Tunisia launched spirotetramat as a brand Movento in 2007. In 2008, the product was launched in the U.S., Canada, Turkey, West Africa, New Zealand and Morocco. In 2010, it was launched in more than 70 countries globally.
Fruits emerged as the largest crop segment of the global spirotetramat market, accounting for more than 60% volume share in 2013. Spirotetramat is widely used on grapes and citrus fruits. Vegetable crops are expected to grow at a moderate rate due to substantial consumption of spirotetramat on lettuce. It is also used on other leafy vegetable crops such as cabbage. Cotton accounted for a smaller share of the global spirotetramat market in 2013. However, cotton is estimated to grow at a significant rate between 2014 and 2020 especially in Asia Pacific countries. Other crops include hops, nuts, cereals, spices, etc.
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