Biopesticides Are a Strong Growth Opportunity in the Agrochemicals Industry
Double-digit growth of biopesticides around the world is driving new product development, according to our latest research.
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Double-digit growth of biopesticides around the world is driving new product development, according to our latest research.
Bans on pesticides, along with negative sentiments surrounding chemicals used in foods, are sending sales of biopesticides into a seemingly unstoppable upswing. In fact, the industry even thrived during the pandemic.
Protecting the environment has taken on global urgency, with the world increasingly focused on sustainability efforts. This has driven demand for global biopesticides, biostimulants, and biofertilizers.
Many analysts predict that the global market for biopesticides will double over the next five years — but much of this growth won’t come from traditional markets. “Medical marijuana,” says Dennis Fugate, Industry Manager for our Agriculture and Specialty Pesticide practice, “is one of the more unusual markets fueling the increased demand for biopesticides.” Because the compounds that are used in biopesticides have very specific modes of action, they don’t affect non-targeted organisms, making them
A growing awareness of biopesticides’ favorable features, including safety and efficiency, as well as stringent legislative requirements, are driving the biopesticides market. The biopesticides market grew 24% from 2014 to 2016 globally to over $1.8 billion, finds the recently published report Global Biopesticides: An Overview of Natural and Microbial Pesticides by international market research and
The U.S. crop protection chemical industry experienced a 6.9% increase in the net distributor sales level during 2011, according to the recent report Leading Distributors in the U.S. Crop Protection Industry: A Strategic Market Analysis by global consulting and research firm Kline & Company. Tracking the U.S. crop protection industry, the research focuses on the
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