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    Home > Agriculture News > Pesticide News > Global market supply and demand of pesticide industry

    Global market supply and demand of pesticide industry

    • Last Update: 2022-02-28
    • Source: Internet
    • Author: User
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    In the past decades of development, the use of pesticides has significantly increased agricultural productivity in developed and developing countries
    .
    The mid-1990s was the peak of pesticide development.
    By 2000, the global pesticide market had reached USD 27.
    1 billion
    .
    Subsequently, the scale of the pesticide market continued to grow steadily.
    With the promotion of genetically modified crops and the increasing resistance of pesticides, the global pesticide (crop protection market) sales reached 57.
    710 billion U.
    S.
    dollars in 2014, an increase of 9.
    68% compared to 2013
    .
    With the further increase of the global population and the continuous improvement of the quality of life requirements and the limited increase in arable land, the global pesticide market will maintain long-term growth, but there will be fluctuations in the short and medium term.
    The overall trend is upward in fluctuations, and the future growth rate is expected to remain Will not be less than the compound annual growth rate of 5% in the past ten years
    .
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