2014-01-24 13:32:03 - China Crop Protection Monthly Report 1309 - a new market research report on companiesandmarkets.com
As a sub-category of pesticide, bio-pesticide has been arousing more and more attraction from the public, as bio-pesticides are regarded to be superior to chemical pesticides in terms of safety and environment protection. Under the circumstance of increasing food contamination accidents caused by chemical pesticides, it is better to develop bio-pesticides. In 2012, the global bio-pesticide market value is estimated to be around USD1.5 billion, with the compound average growth rate (CAGR) expected to reach 15% from 2012 to 2017.
Bio-pesticide industry in China, as well as overseas countries is experiencing a notable growth in the past five years, but the growth was not as significant as the overall growth of pesticide industry. This is because that the manufacturers which produce
bio-pesticides in China are still mainly dominated by medium and small scale enterprises with low-level R&D ability and production technology at present. Furthermore, the industry lacks new, competitive products and still pay much attention to abamectin, Bacillus thuringiensis and some traditional bio-pesticides. Faced with the currently unfavorable aspects, Chinese government is supposed to provide guidance for domestic bio-pesticide producers to seek applicable development ways.
Although developing bio-pesticides is a tendency of pesticide industry, many experts consider that chemical pesticides will not be replaced completely in China in the near future, mainly due to the narrow-spectrum and high cost of most bio-pesticides. At present, it is wise to take full advantage of both bio-pesticides and chemical pesticides for crop protection.
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