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North America and Western Europe will continue to be the largest market for biocides, accounting for about 70% of total demand. It is predicted that in the future, Europe will become the region with the strongest increase in bio-pesticides and the most business opportunities. Market demand will increase from 135 million US dollars in 2005 to 270 million US dollars in 2010, with an average annual increase of 15%; The demand for bio-pesticides in Asia will reach 120 million U.S. dollars in 2010, with an average growth rate of 12%/year. The growth in demand in Latin America is the slowest, and the annual growth rate is expected to be only 5%, which will increase from 70 million U.S. dollars in 2005 to In 2010, it was 88 million U.S. dollars.
Since the 1990s, global chemical pesticides have decreased by about 2% per year, while the output of biological pesticides has increased by 10% to 20% annually. At present, there are more than 100 kinds of biological pesticide products in the world, of which there are more than 10 kinds of biological technology products. In biological pesticides, more than 90% are microbial insecticides. Due to the obvious advantages in the development of bio-pesticides products, countries around the world are striving to invest in, research and develop new bio-pesticides.
Market Click: World Biopesticide Market Fires Up
In the latest research report issued by the Business Communications Corporation of America (BCCI), the demand for bio-pesticides in the world in the next five years will grow at a rate of 9.9% per year, which will increase from US$ 670 million in 2005 to One billion US dollars in 2010. In the same period, the demand for traditional chemical synthetic pesticides will decrease at an average annual rate of 1.5%, and it is expected to fall from the current 26 billion US dollars to 24.2 billion US dollars in 2010.