Global Pesticide Industry
The pesticide industry refers to the manufacture and ale of substances used to repel or destroy pests. Freedonia estimates the global pesticide market to be worth more than $45 billion.
The world’s crop protection products market is forecast to reach a yearly growth rate in excess of 6% between 2011 and 2013, reports Koncept Analytics. Demand for crop protection products is being driven by the need for higher yields to provide food for a rapidly expanding global population.
The world’s limited quantity of cultivable land, pressure to respect ecological factors, and the need to maintain respect for human health all contribute to ongoing scientific research and development in the crop protection products industry.