Source: BCC Research

According to a new technical market research report, "Biopesticides: The Global Market (CHM029C)" from BCC Research, the global market for biopesticides was worth an estimated $1.6 billion in 2009, but is expected to increase to $3.3 billion in 2014, for a five-year compound annual growth rate (CAGR) of 15.6 percent.

The much-larger segment of the global pesticides market, synthetic pesticides, is expected to reach nearly $48 billion in 2014, after increasing at a CAGR of 3 percent from the estimated 2009 value of $41.2 billion.

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