Figure 1.
Estimated global market growth of Biopesticides and Biostimulants (in billion $). The biopesticide market was valued at $ 1.8 billion in 2014 with growth prospects of up to $ 7 billion in 2025. The biopesticide market is distributed as follows: 30% European Union EU, 27% North America NA, 27% Asia‐Pacific and 13% Latin America LA (Biopesticides 2016, Agrow Market Report). The Biostimulants market growth was valued at $ 1,68 billion in 2016 with growth potential of up to $ 3.12 billion in 2022 (Biostimulants 2017, Agrow Market Report).