Worldwide Biopesticides Market Watch

The report” Worldwide Summary Biopesticides Market 2013” shows that the worldwide biopesticides market is estimated approximately at $2.8b at the user level. This follows unprecedented growth of 27% p.a. between 2007 and 2012. The greatest growth is expected in Latin America. The European and North American are estimated at $830m and $762m respectively, and each is anticipated to exceed $1b by 2017.

Globally, products based on ‘natural’ biochemicals dominate the market, taking about one-third of sales revenue. This is also the fastest growing sector, having seen a dramatic increase in the number of products available. Microbial pesticides and invertebrate biocontrol agents are the next largest sectors although this varies by region. In Latin America for example, sales of microbial products constitute 41% of biopesticide sales, more than twice that of biochemicals.

The worldwide microbial pesticides market is currently estimated at $804m at user level having grown at a 10 year CAGR of 12%. Products based on Bacillus thuringiensis have lost market share from a reported 90% in the late 1990s to around 45-50% mainly due to the development of competing microbial pesticides and new highly cost-effective chemicals.