The combined ROW markets for biopesticides will be $1.3b after a decade of 18% CAGR. This is phenomenal growth after decades of development.
This study analyses and projects the markets for biopesticides for 29 countries; 14 in Asia, 10 in Latin America and 5 in the Middle East. For each, the most recently available validated market data are summarised in tables along with growth rates, major players, product tables and crop land use.
The studies are based on primary data obtained from those working in the sector combined with information from our database, other studies and the public domain. These combined data are analysed to provide insight and guidance for companies interested in making and selling biopesticides.
The combined Asian, Asian, Australasian, Latin American, Africa and Middle Eastern markets for biopesticides are estimated at ~$1.3b at the user level. This follows a decade of growth at a CAGR of 18%. Latin America has seen the strongest growth, with a CAGR of 22%, with Asia & Australasia at 18% and Africa and the Middle East at 12%. This growth represents a paradigm shift that began just before our assessment date of 2010/11 and was experienced elsewhere in the world. This shift was supported by increased efficacy in biopesticides and growing consumer confidence in their performance. All the indicators suggest that there will be continued growth through 2013 and on to 2020.
Biochemical biopesticides make up 38% of all biopesticide sales outside Europe and North America, although there is considerable regional variation. In Latin America, microbials constitute 41% of sales, with most production and sales of biopesticides being undertaken by local facilities.
Across all regions, products based on Bacillus thuringiensis have lost market share to other microbials and chemical pesticides, but potential is noted in the underdeveloped markets of South-East Asia. We have also noted substantial increases in the use of fungal biopesticides and beneficial insects in a variety of applications, particularly in Brazil and in China/Indo-China.
This volume of 502 pages includes 218 tables, 66 figures and information on over 350 companies.