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 very appealing to growers of medical marijuana. And, because biopesticides don’t leave behind dangerous residues, they’ve become equally as appealing to users of medical marijuana.
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 management consulting firm Kline. The market is expected to continue growing at double-digit rates over the next decade, driven by robust growth in countries like Brazil, China, and France.Continue reading
Join Mancer Cyr, Senior Associate of Kline’s Agriculture/Specialty Pesticides Practce as he presents insights from Kline’s Global Biopesticides: An Overview of Natural and Microbial Pesticides report on Wednesday, July 22, 2015, at 9:30 AM EDT
At $1.6 billion, the bio-pesticide segment of the market is still less than 5% of the global crop protection market, but is projected to increase its share over the next ten years. The main growth driver behind recent growth is the advent of microbial seed treatments on field crops such as corn, soybeans and cotton. Continue reading
Driven in part by societal concerns and in part by regulations, the bio-pesticides market, once a domain of a niche specialty for organic fruit, greenhouse, and environmentally sensitive homeowner uses, is emerging to a much broader scope. In 2014, the market grows rapidly, posting double-digit growth, according to the recently published Global Biopesticides: An Overview of Natural and Microbial Pesticides report by global market research and consulting firm, Kline.
At $1.6 billion, the biopesticide segment of the market is still less than 5% of the global crop protection industry, but is projected to increase its share over the next 10 years. All countries are projected to grow in the double digits or high single digits during this period. The main driver behind current growth is the advent of microbial seed treatments on field crops, such as corn, soybeans, and cotton.Continue reading
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 top 16 distributors that collectively drive over 90% of the U.S. market.Continue reading