An increasing focus on encouraging domestic consumption, potentiated by upcoming new and transformative pesticides
registration standards, suggests robust opportunities for the pest-control sector in China. China’s reorientation from an industrial/export-reliant economy to a service/domestic-consumption one is advancing rapidly, with The Economist recently reporting that the country’s relatively small service-sector output is expected to exceed the county’s mighty industrial production within this year.
According to Kline’s soon to be published Global Professional Pest Management Markets for Pesticides: Market Analysis and Opportunities, total non-agricultural pest control service sales in China in 2012 alone are estimated at CNY 3 billion to CNY 4 billion (USD 476 million to USD 635 million), with pesticides sales expected to grow annually by 6.7%. (more…)
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