Biocides demand to increase.The worldwide market for biocides is projected to increase by 5.4% per year to $6.9 billion in the 2009, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. World Biocides, a new study published by The Freedonia Group, Inc. The Asia/Pacific region is expected to register the fastest growth among the major regions, due mainly to the continued economic boom in China. North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). will maintain their position as the largest markets, accounting for two-thirds of the demand. Environmental and regulatory demands will continue to have a profound effect on the biocide biocide (bī`əsīd'), synonym for pesticide. industry, particularly in North America and Western Europe, but also in other parts of the world. Traditional biocide products will be replaced with formulations offering a combination of low toxicity, broad-spectrum efficacy, minimal effect on finished product, quality, and reduced environmental impact, according to the report. Food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. processing will remain the largest market for biocides, and it is expected to register the fastest growth as well. Paint and coatings are also expected to register above-average growth. More information on this study is available at www.freedoniagroup.com. |
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