Source: Research and Markets via Businesswire
A new study of the biopesticides market in North America showed that use of biopesticides is increasing and was worth $127 million in 2007. The U.S. is the biggest user of microbials in the region with a market estimated to be worth $101 million (79.7 percent of the total), followed by Mexico and then Canada.
The proportion of the market taken by Bacillus thuringiensis (Bt)-based products has declined from an estimated 90 percent in the 1990s to 56.8 percent in 2007. This has been due partly to a steady down-turn in Bt use for caterpillar control and partly to increased sales of new products. The caterpillar Bt market in the U.S. has declined in the face of competition from recently introduced chemicals.