Other Key Markets

Key Market Statistics

$50.7 billion
2013 Value of Global Agrochemicals Market

5.5%
2013-2019 Expected Annual Growth

$4.6 billion
2019 Projected Value of Global Biopolymers Market

7.8 million tons
2019 Projected Annual Production of Bioplastics

Biological-Based Agrochemical Market

  • The global agrochemicals market is valued at $50.7 billion in 2013 and is expected to grow 5.5% annually through 2019, reaching $69.6 billion
  • The emerging biological-based inputs segment are expected to reach $8.8 billion by 2022, being the highest growing and most profitable products.
  • These biological-based agrochemicals will supplement and replace traditional pesticides and fertilizers with lower environmental impact. Biologically-based inputs are demonstrating similar efficacy to conventional chemical.
  • The seed treatment market is estimated to be valued at $5.58 million in 2016 and is projected to grow at a CAGR of 10.8% to be valued at $9.82 million by 2021.

Industrial Biotechnology Market

  • Chemical and product manufacturers are seeking inputs with little to zero dependence on volatile feedstock, including naturally derived materials and petroleum.
  • Bioplastics is expected to reach 17% of market by 2030.