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Global pesticide market to reach $52 billion in 2014

Global demand for pesticides is to increase by 2.9% annually from $45.045 billion in 2009 to $52 billion in 2014, says a report by the Cleveland, Ohio-based market research company, Freedonia Group. The figure combines sales of agrochemicals with pesticides used in the non-crop and household sectors. The study predicts that the revenue declines in 2009 resulting from price falls for the herbicide glyphosate will be reversed.

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