Pesticide Market Research
Pesticides are used widely to control insects, weeds and fungi, which might otherwise destroy a large part of the world's food crops.
Research indicates that 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. 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. 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%.
Further research findings indicate that agriculture continues to dominate the pesticide market to the point where overall pesticide market growth tends to mirror that of the agricultural market. The smaller commercial and consumer pesticide markets are expected to register faster growth than more established agricultural uses, although combined they are likely to account for only about 20 per cent of the global market. Herbicides and insecticides are expected to continue to remain the largest product types. Among the larger regional markets, Central and South America is projected to offer the best growth opportunities through 2014.
The Pesticide market research reports incorporate trend analysis, statistics, market size information, industry growth rates, as well as market share of competitors. The comprehensive research also goes on to examine details such as technology & systems and domestic & international markets.
The study is an essential resource for top-level data and analysis covering the pesticide industry. It includes detailed data on mark