Report Highlights
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%.
Report Includes
- An overview of the global biopesticides industry, including technological developments, future trends, and emerging opportunities
- Analyses of global market trends, with data from 2011, estimates for 2012, and projections of compound annual growth rates (CAGRs) through 2017
- Examination of the synthetic pesticide market and the advent of genetically modified (GM) seeds
- Identification of the driving factors for demand
- A breakdown of supply and demand scenarios by applications and regions
- Discussion of emerging technologies and patents
- Comprehensive company profiles of major players.
Report Scope
This market report organizes information from diverse sources into a cohesive unit that includes a pesticide (synthetic and biopesticide) overview, industry structure, technology, and emerging technology/patents sections. Information on the synthetic pesticide market, genetically modified (GM) seeds, and the biopesticide market is explored. Additional information on the organic market for food products offers the reader an opportunity to assess the biopesticide market in relation to crop production and sale of organic foods.
Analyst Credentials
Peggy S. Lehr is the BCC Research analyst of this report. Ms. Lehr holds a BS in Journalism from the University of Colorado, Boulder, and an MS in Communication from the University of Denver. Ms. Lehr has worked as a researcher, editor, and publisher within the publishing industry for both for–profit and not–for–profit organizations.
Report Highlights
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The global pesticide market was valued at approximately $40 billion in 2008. This figure increased to nearly $43 billion in 2009 and is expected to grow at a compound annual growth rate (CAGR) of 3.6% to reach $51 billion in 2014.
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Biopesticides represent a strong growth area in the global pesticide market. This segment is expected to grow at a 15.6% compound annual growth rate (CAGR) from $1.6 billion in 2009 to $3.3 billion in 2014.
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Synthetic pesticides represent the greatest market share, valued at $41 billion in 2009. This market will be worth an estimated $48 billion in 2014, a compound annual growth rate (CAGR) of 3%.
Report Highlights
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The synthetic pesticides market is expected to show a declining trend at the rate of 1.5% per annum. At the same time the biopesticide market is growing and expected to reach more than a billion dollars in the next five years.
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Key developments expected in the coming years are more R&D in biopesticides, an increase in genetically modified crops, the application of integrated pest management concepts, and a widening of organic farming.
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Biopesticides today represent about 2.5% of the overall pesticides market, and are expected to grow to about 4.2% by 2010.
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Orchard crops hold the largest share of biopesticides use at 55%.
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