Global market value of pesticides increased by 1.1% in 2010

In 2010, the market value of the global agrochemical market rose slightly by 1.1% to 44.2 billion U.S. dollars. The data includes all crop protection and non-crop agrochemical products, among which the market value of crop protection products increased from US$37.9 billion in 2009 to US$39.5 billion in 2010, an increase of 1.2%.

The weather conditions in 2010 are an important factor affecting the agrochemical market. Floods in Canada and Central Europe have caused many crops to suffer, Vietnam has suffered major droughts, and drought has also devastated Russia’s food production. The sales of agrochemicals in these regions are not optimistic.

The large-scale planting of GM crops and the increase in ethanol production have also contributed to the growth of crop protection markets.

In the United States, the cotton, corn, and soybean planting area increased in 2010. At the same time, more rain caused crop diseases, and the US bactericide sold. The currency issue has affected the export of Brazilian crops. However, as a result of excessive rainfall in Latin America and increased diseases in soybean crops, the Latin American agrochemical market continued to grow in 2010. Affected by the price increase of crops in 2008 and the price reduction in 2010, the prices and sales volume of agrochemical products in EU countries are under great pressure. In Africa and the Middle East, sales of agricultural chemicals in these regions have increased due to the growth in exports of fruits, vegetables and flowers in Kenya, Tanzania and North Africa. In addition, higher cotton prices are also one of the drivers of growth in the agricultural chemical market.

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