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The global GM seed market in 2018 was valued at $21,970 million, according to Phillips McDougall's seed service report prepared by senior analyst Yuanjie Su.
Phillips McDougall expects the global agrochemical market to be flat or exhibit slight growth in 2019, according to market analysis by senior analyst Darren Stobbart.
Higher prevailing prices in China and alleviation of the inventory situation in Brazil led the global market for conventional crop protection products to grow by 6% to $57,561 million at the ex-manufacturer level in 2018.
Phillips McDougall has come out with an updated version of its well-known infographic tracing the evolution of the leading agrochemical companies.
Global chemical-based crop protection sales rose by 4.2% to $56,500 million at the ex-manufacturer level in 2018, according to preliminary analysis by Phillips McDougall.
The people who hold the most extreme views opposing foods derived from genetically modified crops think that they know most about GM food science, but actually know the least, according to a study conducted by US and Canadian researchers.
Excessive concerns about foods derived from genetically modified crops are preventing society from benefiting from the technology, say the 2018 winners of the Nobel Prize in Chemistry, Professor Frances Arnold and Sir Gregory Winter.
The UN General Assembly has proclaimed 2020 the International Year of Plant Health to raise global awareness of plant health and its role in increasing food security.
A high level of investment from the crop protection industry to research and develop new products has led to a continual improvement in the effectiveness as well as safety profile of pesticides, according to a report by Phillips McDougall written on behalf of CropLife International.
A panel of experts from the crop protection industry will analyse market developments during 2018 and discuss trends likely to shape the future of the industry.
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