From Marketwire, and SBI<\/p>\n
NEW YORK, NY–(Marketwire – November 24, 2008) – The worldwide
\npesticides market is forecasted to boom over the next several years
\nto the tune of a multi-billion dollar crescendo despite global
\neconomic instability and pressure from the media and the eco-friendly
\nGreen Revolution. According to market research publisher SBI’s all-
\nnew report, Emerging Trends and Opportunities in the World Pesticides
\nMarket, the worldwide market surged 29% from $41 billion in 2007 to
\n$52 billion in 2008, a record increase.<\/p>\n
The current global financial crisis is anticipated to have an adverse
\ninterim impact on the global agricultural market and pesticides,
\nthough the strength of the worldwide market will accelerate into the
\nforeseeable future. SBI forecasts a seven percent decline in 2009 to
\n$49 billion, followed by a 10% growth in 2010 with high single digit
\npercentage increases thereafter. As late as 2013, SBI expects growth
\nto again accelerate into the double-digits at 16%.<\/p>\n
The U.S. pesticides market trends similar to the worldwide market.
\nSBI estimates a growth of 25% from $17 billion in 2007 to $21 billion
\nin 2008, with an anticipated downturn of 13% in 2009 to $18 billion.
\nHowever, growth is forecasted to return at around seven to eight
\npercent between 2010 and 2012. As late as 2013, SBI projects the U.S.
\nmarket growth to regain momentum with about an 11% growth to $25
\nbillion.<\/p>\n
Because the sustainability of the pesticides market hinges as much on
\nthe public’s perception of the industry as it does on the economic
\nclimate, pesticide manufactures must be vigilant about protecting
\ntheir image. According to Shelley Carr, associate publisher of SBI,
\nthis requires a level of transparency and manufacturers’ willingness
\nto delineate their position on sustainable development in a modern
\nworld.<\/p>\n
“Being forthright in the pursuit of sustainability is a necessary
\npart of doing business in the 21st century,” says Carr. “Global
\ninterest and growth in organic and green will have minimal effect on
\nthe core business of pesticides in the long term as long as the
\nindustry continues to make strides in sustainable innovations in crop
\nprotection, and keeps an open dialogue going.”<\/p>\n
This message brought to you by Bee Culture, The Magazine Of American
\nBeekeeping<\/p>\n","protected":false},"excerpt":{"rendered":"
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