AgroPages Op-Ed by Pam Marrone, CEO of Marrone Bio
Biopesticides represent approximately $2-3 billion of the $56 billion pesticide market. Growth of biopesticides is projected to outpace that of chemical pesticides, with compounded annual growth rates of more than 15%. With global population expected to increase to 9 billion by 2050, there is an increasing need to produce more food more sustainably. While considerable progress has been made with biopesticide adoption into the market, biopesticides are less than 4% of the agrichemical market and barriers remain.