Global biopesticide market worth about $28 billion billion

2013/11/15 11:29:00 World Agrochemical Network

content Summary the Global Biopesticide Market Summary -2013 and Asia, Australia, Latin America, Africa and the Middle East: Biopesticide Market -2013 reports show that the global biopesticide market is worth about US $28 billion billion. From 2013 to 2020, the market will continue to grow.

The Global Biopesticide Market Summary -2013 and Asia, Australia, Latin America, Africa and the Middle East: Biopesticide Market -2013 reports show that the global biopesticide market experienced unprecedented growth between 2007 and 2012, with an annual growth rate of 27%, and is expected to continue to grow until 2020.

The global biopesticide end market has a forecast market capitalization of $28 billion. The Latin American market is expected to be the fastest growing region. The market value of the European and North American markets is about US $0.83 billion and US $0.76 billion respectively. By 2017, the market value of both regions is expected to exceed US $1 billion. The biopesticide market in Asia, Australia, Latin America, Africa and the Middle East will reach US $1.3 billion after a 10-year compound growth rate of 18%. This is a development that has emerged after decades of development in the market. Latin America has the highest growth trend, with a compound annual growth rate of 22%, Asia and Australia with 18%, and Africa and the Middle East with 12%. From 2013 to 2020, the market will continue to grow.

Natural biochemical products account for about 1/3 of the global market sales profits, its growth rate is also the fastest, listed products emerge in endlessly. Microbial pesticides and invertebrate biocontrol agents are the second largest market segments, although they vary slightly by region. For example, in the Latin American market, microbial products account for 41% of the sales of biopesticides, more than twice that of biochemical products.

In markets outside Europe and North America, biochemical and biological pesticides generally account for 38% of the market share of biological pesticides, but the situation is not always the case in each region. In Latin America, the production and sales of biopesticides are completed by local enterprises, of which microbial pesticides account for 41% of the market share.

The current market value of the global microbiological products end market is about $0.8 billion, with a 10-year compound growth rate of about 12%. Globally, the market share of Bacillus thuringiensis products has been eroded by other microbial and chemical pesticide products, and the market share of Bacillus thuringiensis products has increased from 90% reported in the late 1990 s.

It has dropped to 45-50% now. However, in the underdeveloped markets of Southeast Asia, Bacillus thuringiensis products are still promising. The use of fungal biopesticides and beneficial insects is also increasing, especially in Brazil, China and Indochina.

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