Situation of Patented and Off Patent Agrochmicals 2017-2027
Time：2017-06-12
The global market of agrochemicals in crop protection has kept a rising trend year by year and reached USD 59 billion in 2014, with the CAGR about 9% in 2007-2014. Patented and off-patent products have played an important role in the global market, account for over 60% of the global market share and the ratio is rising.
The R&D for new generic products is down in recent years, and only 8-12 new generic products has promoted in the market each year. More and more enterprises began to shift their concerns form generic products to patented and off-patent products, especially the coming of off-patent products. During the time from 2017 to 2026, patents of 48 pesticide varieties will expire, including 20 fungicide products, 14 herbicide products and 14 insecticide products.
Copyright © Shandong Zhongxin Kenong Life Technology Co., Ltd
TOP