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Climate and Sustainable Finance - Biologicals bounce seen as ideal solution for sustainable crop protection growth
04 June 2020
Alan Bullion
Jonathan Shoham
Key findings
- Global biological crop protection sales are now valued at around US$4 billion, out of a total crop protection market of $57 billion, up from just $0.3 billion in 2004.
- Average growth in the biologicals segment is seen at around 10% per annum over the next 5 years.
- Some of the biggest growth rates are expected in Latin America, mainly due to their adoption for row crops such as maize and soybeans, as well as cereals in Brazil.
- It takes on average half the time to get a biological product to market as for a conventional one.
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