Press Releases

Global Market For Pesticides To Reach $65.3 Billion In 2017

November 08, 2012

 

Wellesley, Mass. –  According to a new technical market research report, GLOBAL MARKETS FOR BIOPESTICIDES (CHM029D), from BCC Research (www.bccresearch.com), the global pesticide market was valued at $37.5 billion in 2011 and should reach $46.1 billion in 2012. Total market value is expected to reach $65.3 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 7.2%.

The market for pesticides can be broken down into two segments: synthetic pesticides and biopesticides.

As a segment, synthetic pesticides should total $44 billion in 2012 and $61.5 billion in 2017, a CAGR of 7%.

Biopesticides are expected to total $2.1 billion in 2012, and surpass $3.7 billion in 2017, a CAGR of 12%.

The Environmental Protection Agency (EPA) defines a biopesticide as a pesticide derived from natural materials such as animals, plants, bacteria, and certain minerals. Microorganisms such as a bacteria, virus, fungus, or microscopic nematode worms can be used in agricultural practices to control or eliminate pests that can inflict damage to a plant.

 

Agents used as biopesticides include parasites, predators (e.g., lady beetles, lacewings), fungi, bacteria, and viruses. Each agent has a specific mode of action used to control pests. They are increasingly being recommended and used as components of integrated pest management (IPM) programs in the production of high-value specialty crops such as fruit, nut, vegetable, vine, ornamental, and turf crops. 

 

According to the IR-4 project at Rutgers University (U.S.), there are 230 actively promoted biopesticides in the United States.  This compares with nearly 80 in the European market.

 

This report will help its readers:

 

  • Forecast the market size for biopesticides in terms of dollars and unit sales
  • Classify the market size for biopesticides by geographical regions in terms of dollar and unit sales
  • Highlight the roles played by major stakeholders and players
  • Provide an overview of the activities of influential companies
  • Assess the biopesticide market in relation to crop production and sale of organic foods.

 

This report will be valuable to many industry participants, including the following:

 

  • Biopesticide and synthetic pesticide specialists
  • Biopesticide manufacturers
  • University agricultural departments
  • End users and distributors
  • Financial institutions.

SUMMARY FIGURE
GLOBAL MARKET SHARE FOR SYNTHETIC AND BIOPESTICIDES BY REGION, 2012 AND 2017
(%)
GLOBAL MARKET SHARE FOR SYNTHETIC AND BIOPESTICIDES BY REGION, 2012 AND 2017
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Source: BCC Research

Global Markets for Biopesticides( CHM029D )
Publish Date: Nov 2012    

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.