DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/82dr7b/north_america) has announced the addition of the "North America: Biopesticides Market 2013" report to their offering.
The North American biopesticides market is estimated to have been worth $497.3 million at user-level in 2010, the most recent year for which wholly validated data are available, an increase of approximately 27.5% from 2008. The US is the biggest user of microbials in the region with a market estimated to be worth $372.4 m (74.8% of the total), followed by Canada and, then, Mexico. The North American biopesticide sector in 2010 represented approximately 3.7% of the total pesticide market (3.6% in Canada, 6% in Mexico and 3.5% in the US).
This has produced an evident paradigm shift towards biopesticides that began around our assessment date of 2010. All the indicators suggest that we will see growth in biopesticide sales accelerate into and through 2013 and on to 2020. This sea change' has been confirmed by a substantial move by the agrochemical majors into the biopesticide business during 2012, notably through acquisition of some of the key players, such as Becker Underwood (by BASF) and AgraQuest (by Bayer CropScience).
Growth to 2010 was seen particularly in biochemical biopesticides and invertebrate biocontrol agents, both of which may have exceeded 13% per annum. Growth in some microbial biopesticides was similar. However, sales of the mainstay of that sector, the caterpillar active Bacillus thuringiensis products, were mostly flat and there was a notable decline in use in forestry.
Using data obtained from historical web-based sources, and our own data for 2008 (our first estimate of total biopesticide sales), it is possible to see substantial growth in the North American biopesticide market that started in 2003.
If this trend persists, the biopesticide market in North America will reach $900 million by 2020. All the anecdotal evidence suggests, however, that the $900 million figure will be passed earlier.
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