News From the Freedonia Group: US Pesticide Demand to Exceed $8 Billion in 2008.CLEVELAND -- After several years of fairly substantial market value declines, US demand for pesticide active ingredients is projected to rebound, growing 1.3 percent per year to $8.1 billion in 2008. Gains will be prompted by modest volume growth in all three market segments -- agriculture, commercial and consumer. Moreover, Industry Analyst Mike Richardson The name Mike Richardson may refer to:
Biopesticides are expected to register the fastest growth of any product type, due to new biopesticide active ingredient introductions, and the greater use of Bacillus bacillus (bəsĭl`əs), any rod-shaped bacterium or, more particularly, a rod-shaped bacterium of the genus Bacillus. Some bacterium in the genus cause disease, for example B. thuringiensis (Bt) and similar products. Richardson predicts, "Gains will be based on the market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" of new products, and supported by growing user acceptance of alternatives to traditional pesticide products, coupled with efforts to reduce the use of organophosphate organophosphate /or·ga·no·phos·phate/ (or?gah-no-fos´fat) an organic ester of phosphoric or thiophosphoric acid; such compounds are powerful acetylcholinesterase inhibitors and are used as insecticides and nerve gases. insecticides and other products considered to be environmental threats." Herbicides will remain the dominant product type, accounting for about 60 percent of the market in both volume and value terms. However, projected growth for herbicides will be only one percent per year, due in part to pricing constraints for the off-patent products that lead the market, such as atrazine atrazine a triazine herbicide; it is not poisonous at levels of intake likely to be encountered in agriculture. atrazine Toxicology A nonphytoestrogenic herbicide. See Phytoestrogen. , glyphosate glyphosate herbicide and desiccant for grains. Heavy doses to birds cause soft shells on their eggs. and 2,4-D. Insecticides and fungicides This page aims to list well-known chemical compounds, to stimulate the creation of Wikipedia articles. This list is not necessarily complete or up to date – if you see an article that should be here but isn't (or one that shouldn't be here but is), please update the page are expected to register comparable growth, although insecticide insecticide Any of a large group of substances used to kill insects. Such substances are mainly used to control pests that infest cultivated plants and crops or to eliminate disease-carrying insects in specific areas. volume in the large agricultural market is expected to decline, due to wider use of Bt and transgenic seeds that are more resistant to pests. Among insecticides, the best growth prospects will be for products that can replace organophosphates. The consumer market is expected to register the fastest growth through 2008, with gains fueled by a shift in the product mix favoring safer, ready-to-use products. Opportunities will also arise from continued growth in vegetable and flower gardening, and from products that require minimal handling. Agriculture will remain the largest market, accounting for nearly two-thirds of value demand and more than three-quarters of volume demand. The mature US agriculture market will not expand dramatically, as total planted acreage remains virtually constant. These and other trends are presented in Pesticides, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm. |
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