World Agricultural Biotechnology: Transgenic Crops

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Freedonia Industry Study #1532 World Agricultural Biotechnology: Transgenic Crops Study Publication Date: March 2002 Price: $4,800 Pages: 265 World Agricultural Biotechnology: Transgenic Crops, a new study from The Freedonia Group, provides you with an in-depth analysis of the major trends in the world market for agricultural biotechnology -- critical information to help you with strategic planning. This brochure gives you an indication of the scope, depth and value of Freedonia's new study, World Agricultural Biotechnology: Transgenic Crops. Ordering information is included on the back page of the brochure. Brochure Table of Contents Study Highlights... 2 Study Table of Contents and List of Tables and Charts... 4 Sample Pages and Tables from: Market Environment... 6 Acreage, Seed Sales and Sales by Function... 7 Supply and Demand by Country... 8 Industry Structure... 9 Company Profiles... 10 List of Companies Profiled... 11 Forecasting Methodology... 12 About the Company... 13 Advantages of Freedonia Reports... 13 About Our Customers... 14 Related Studies... 15 Ordering Information... 16

Study Highlights World demand for transgenic seeds is projected to advance 12 percent annually through $3.8 billion in 2006. Cultivation of transgenic crops will continue to be dominated by the United States, with Argentina, Canada and China generating the largest demand among other countries. The most significant new product introduction will be nutritionally enhanced GM rice. Plantings in China, India and other Asia/Pacific countries will account for most growth as GM rice assumes a major role in alleviating food shortages in that region. In overall seed sales, soybeans are expected to remain the largest transgenic crop through 2011, largely due to its increasing popularity with US, Brazilian and Argentine farmers and widespread food and non-food uses. Major players Aventis CropScience (in the process of being acquired by Bayer -- Germany), Delta and Pine Land, DuPont, Monsanto and Syngenta have all actively engaged in merger, acquisition and/or spinoff activities during 1998-2001. Freedonia Industry Study 2

Study Highlights Global Transgenic Seed Sales, 2001 Soybeans 48.9% Other 5.2% Corn 24.4% Cotton 21.5% Global Sales of Transgenic Seed (million US dollars) % Annual Growth Item 1996 2001 2006 2011 01/96 06/01 Gross Domestic Product (bil98 US$) 36630 43420 52250 63810 3.5 3.8 $ transgenic seed/mil $ GDP 2.5 51.3 73.6 142.9 -- -- Transgenic Acres (million) 4.5 130.0 Sample Table 184.0 400.0 96.0 7.2 $/acre 20.4 17.1 20.9 22.8-3.5 4.1 Transgenic Seed Sales (mil US$) 92 2228 3845 9120 89.2 11.5 Soybeans 11 1090 1550 2650 150.7 7.3 Corn 15 544 765 1660 105.1 7.1 Cotton 35 480 1110 1930 68.8 18.3 Other 31 114 420 2880 29.8 29.8 Copyright by The Freedonia Group, Inc. Order form on last page 3

Table of Contents Tables and Charts are featured for each region and country. Historical data and forecasts are presented for 1996, 2001, 2006 and 2011. I. EXECUTIVE SUMMARY Summary Table... 3 II. MARKET ENVIRONMENT General... 4 Table - World Macroeconomic Indicators... 5 World Economic Outlook... 5 Table - World Gross Domestic Product by Country/Region... 7 World Demographic Trends... 7 Table - World Population by Country/Region...10 Trends in World Agriculture...10 Crop Planting Trends...11 Table - World Crop Planting Trends by Country...13 Crop Production by Type...13 Table - World Crop Production by Type...14 Crop Production by Region...15 Table - World Crop Production by Region...16 Crop Seed Markets...16 Table - World Seed Sales by Country/Region...19 Environmental & Political Factors...19 Regulatory Considerations...22 Patent Issues...25 III. IV. BIOTECHNOLOGY OVERVIEW General...28 Technology Review...29 Table - World Research & Development Spending in Agricultural Biotechnology...31 Research & Development Activity...31 United States...32 Other Countries...32 Developmental Projects...33 Table - Selected Agricultural Traits under Development, 2001...35 Corporate Spending...36 Table - R&D Spending of Selected Agricultural Biotechnology Companies...37 TRANSGENIC ACREAGE & SEED SALES General...38 Table - World Agricultural Biotechnology Market...38 World Transgenic Acreage...39 Table - World Transgenic Acreage by Crop & Country...42 Chart - World Transgenic Acreage by Country, 2001 & 2011...43 World Transgenic Seed Sales...44 Table - World Transgenic Seed Sales by Crop & Country...46 Chart - World Transgenic Seed Sales by Country, 2001 & 2011...47 Soybeans...48 Transgenic Soybean Acreage...48 Table - World Transgenic Soybean Acreage by Country... 50 Transgenic Soybean Seed Sales...50 Table - World Transgenic Soybean Seed Sales by Country...53 Transgenic Soybean Seed Products & Producers...53 4 Freedonia Industry Study

Corn...54 Transgenic Corn Acreage...54 Table - World Transgenic Corn Acreage by Country...56 Transgenic Corn Seed Sales...56 Table - World Transgenic Corn Seed Sales by Country..58 Transgenic Corn Seed Products & Producers...58 Cotton...60 Transgenic Cotton Acreage...60 Table - World Transgenic Cotton Acreage by Country... 61 Transgenic Cotton Seed Sales...61 Table - World Transgenic Cotton Seed Sales by Country...63 Transgenic Cotton Seed Products & Producers...63 Canola...65 Transgenic Canola Acreage...65 Table - World Transgenic Canola Acreage by Country... 67 Transgenic Canola Seed Sales...67 Table - World Transgenic Canola Seed Sales by Country...69 Transgenic Canola Products & Producers...69 Other Transgenic Crops & Plants...70 Other Transgenic Crops & Plants Acreage...71 Table - World Other Transgenic Acreage by Crop & Country...72 Other Transgenic Crop & Plant Seed Sales...73 Table - World Other Transgenic Seed Sales by Crop & Country...73 Rice...74 Wheat...75 Miscellaneous Transgenic Crops...76 V. TRANSGENIC SEED SALES BY FUNCTION General...81 Table - World Transgenic Seed Sales by Function...82 Chart - World Transgenic Seed Sales by Function, 2001 & 2011...83 Herbicide Tolerance...84 Table - World Transgenic Herbicide-Tolerant Seed Sales...86 Insect Protection...86 Table - World Transgenic Insect-Protected Seed Sales...89 Stacked Traits...89 Table - World Transgenic Stacked Seed Sales...91 Other Traits...91 Table - World Other Trait Transgenic Seed Sales...93 VI. UNITED STATES General...94 Total Acreage...95 Transgenic Acreage...96 Transgenic Seed Sales...98 Soybeans... 102 Corn... 104 Cotton... 107 Canola... 110 Other Transgenic Crops... 111 VII. VIII. IX. ARGENTINA General... 113 Total Acreage... 115 Transgenic Acreage... 115 Transgenic Seed Sales... 117 Soybeans... 120 Corn... 121 Cotton... 123 Other Transgenic Crops... 125 CANADA General... 127 Total Acreage... 128 Transgenic Acreage... 129 Transgenic Seed Sales... 130 Canola... 134 Corn... 137 Soybeans... 138 Other Transgenic Crops... 139 CHINA General... 141 Total Acreage... 142 Transgenic Acreage... 143 Transgenic Seed Sales... 145 Agricultural Biotechnology Companies... 148 X. OTHER WORLD General... 149 Total Acreage... 150 Transgenic Acreage... 151 Transgenic Seed Sales... 154 Australia/New Zealand... 159 Brazil... 161 South Africa... 164 Mexico... 165 India... 167 Indonesia... 170 All Other Countries... 171 XI. INDUSTRY STRUCTURE General... 173 Table - World Transgenic Seed Sales by Company, 2001... 175 Market Share... 176 Chart - World Transgenic Seed Sales, Market Share by Company, 2001... 177 Competitive Strategies... 180 Marketing & Distribution... 181 Manufacturing Requirements... 183 Licensing & Related Agreements... 184 Table - Selected Cooperative Agreements... 186 Mergers & Acquisitions... 197 Table - Selected Acquisitions & Divestitures... 198 Company Profiles...200-265 Order form on last page 5

Market Environment The Market Environment Section discusses key indicators that drive demand for transgenic crops, including crop planting trends, regulatory considerations and Freedonia s uniquely developed macroeconomic indicators. This information provides you with an understanding and an analysis of the climate in which the global transgenic crop industry operates and helps you build your market strategy to sustain long-term growth. MARKET ENVIRONMENT Crop Planting Trends Global crop planting trends shape potential demand for transgenic seeds. More than two-thirds of the world s major crop acreage is devoted to feed and cereal grains (e.g., wheat, corn and rice). The dominance of these crops is expected to persist, given their broad utility in production of foodstuffs and animal feed. In SAMPLE PAGE most countries, cereal grains are a dietary staple. Therefore, world population growth will increase utilization and consumption. However, fluctuations in crop planting acreages often occur as a result of anticipated changes in climate, trade issues, and global grain and livestock prices. Soybeans will continue to be the leading worldwide oilseed crop planted. This trend will reflect advantages related to nutritional value and versatility. While most soybeans are used for production of cooking oils and livestock feed, new emerging applications are increasing the level of plantings. Among these new applications are soy ink (currently being used in a significant percentage of newspapers in the US and other countries), soy-blended biodiesel fuel, and recyclable soy-based containers and building products. Soybeans are also building demand in both health and processed foods, which incorporate large quantities of soy protein. The US is the leading grower and producer of soybeans. Increasing applications are also leading to above average worldwide growth in canola plantings. Canola is a genetic variant of rapeseed (oilseed rape), the seeds of which contain 40 percent oil. Canola oil is employed in applications such as cosmetics and printing inks, while canola meal is used as a feed for livestock and as a fertilizer. Canola oil is considered to be healthy because of its low levels of saturated fatty acids and high levels of essential fatty acids, such as oleic acid, which lowers plasma cholesterol levels. Canola also contains linoleic and linolenic acids, which convert to hormone-like substances (eicosanoids). Eicosanoids have Copyright by The Freedonia Group, Inc. 6 Freedonia Industry Study

Acreage, Seed Sales, & Sales by Function These Sections highlight the key issues that have affected the global transgenic crop market and summarize contributing growth factors. This information helps you: Focus your sales and marketing efforts on high growth areas. Propose new areas for development TRANSGENIC SEED SALES BY FUNCTION Stacked Traits Global sales of stacked (i.e., multiple trait) GM seeds are forecast to advance at an annual rate of nearly 30 percent, reaching $670 million in 2006. This rapid SAMPLE PAGE growth will reflect favorable agronomic benefits versus single trait products. As a result, stacked seeds will attract the strong interest of farmers in GM crop-growing countries, especially in the United States. The fastest sales gains for stacked seeds will exist in insect-protected-herbicidetolerant corn and cotton. In the intermediate term, new GM products containing stacked input traits -- including canola and soybeans -- will siphon off market share from single-trait seeds. Output traits, such as high oil content, will also begin to make an impact in the marketplace before the end of the decade. Another potential benefit of stacked seeds involves the combating of pest resistance. For example, the inclusion of two or more toxins in one seed reduces the possibility that an insect or weed will become resistant due to exposure to more than one destruction trait. Despite the auspicious outlook for stacked GM seeds, two factors will limit overall market growth. Very limited demand will evolve outside of the US and Canada. Economic problems and softening export opportunities will hold down sales in Argentina. Second, the insertion of multiple traits into crops poses technical obstacles which will lengthen the commercialization timetable for more advanced trait combinations. World Transgenic Seed Sales by Country Since the early (million 1990s, most U.S. of the dollars) major ag biotech/seed companies have succeeded in bringing stacked seed to market. Aventis offers glufosinate-tolerant Item and insect-resistant (Bt) corn and has also introduced glufosinate-tolerant canola 1996 2001 2006 2011 and corn featuring male sterility or fertility-restoration genes. Monsanto and/or its subsidiaries sell bromoxynil-tolerant and Bt cotton, glufosinate-tolerant and Bt Transgenic Cotton Acres (million) 1.8 16.8 35.0 56.0 $ seeds/acre corn, glyphosate-tolerant and Bt 19.4 cotton, and 28.6glyphosate-tolerant 31.7 34.5 and Bt corn. Syngenta markets Bt and glufosinate-tolerant corn and sweet corn. SAMPLE TABLE Transgenic Cotton Seed Sales 35 480 1110 1930 United States 35 337 410 500 China -- 93 250 475 Argentina neg 20 30 55 Other neg 30 420 900 % cotton 38.0 21.5 28.9 21.2 Total World Transgenic Seed Sales 92 2228 3845 9120 Copyright by The Freedonia Group, Inc. Order form on last page 7

Supply & Demand by Country These Sections analyze demand trends and consider the threats and opportunities in ten countries. ARGENTINA Transgenic Acreage Acres planted with transgenic seed in Argentina are expected to reach 28 million in 2006, reflecting an average annual gain of four percent. Argentine farmers SAMPLE PAGE have readily accepted agricultural biotechnology. However, only one GM crop, soybeans, accounts for significant plantings and seed sales. The adaptation of transgenic technology to additional applications is expected to remain limited due to pressures from major export markets (i.e., Brazil, China and the European Union) for conventional crops. Soybeans will remain the dominant GM crop in Argentina, accounting for nearly 90 percent of transgenic acres through 2006. Cotton and corn for non-food uses will account for the largest plantings among other agricultural biotechnology products. Argentina will account for a decreasing percentage of transgenic crop acreage over the next decade. In the short term, economic problems will preclude Canada - Transgenic Seed Sales (million US dollars) the agricultural sector from adapting biotechnology to new products. In the Item 1996 2001 long term, pressures from major export markets will likely prompt farmers to focus increased attention on conventional 2006 2011 crops. However, due to the impact of GM soybeans, the Total Canadian Seed Sales 455 567 percentage of total Argentine crop acres planted with 680 800 % transgenic transgenic 1.1 23.8 seed will rise 35.3 steadily. 70.0 Canada - Transgenic Canola Acreage & Seed Sales Transgenic Seed Sales 5 135 240 560 Canola Item 5 99 175 325 1996 Corn neg 22 28 38 2001 2006 2011 Soybeans Total Canola Acreage neg (million) 13 22 408.5 11.9 13.7 17.0 Wheat % transgenic -- -- 4 554.7 SAMPLE 50.4 70.1 TABLE 88.2 Other neg 1 11 102 Transgenic Canola Acreage (million) 0.4 6.0 9.6 15.0 % Canada US$/acre 5.4 6.1 6.2 6.1 12.5 16.5 18.2 21.7 Total World Transgenic Seed Sales 92 2228 3845 9120 Copyright by The Freedonia Group, Transgenic Inc. Canola Seed Sales (mil US$) 5 99 175 325 % Canada 100.0 93.4 67.3 54.2 World Transgenic Canola Seeds (mil US$) 5 106 260 600 Copyright by The Freedonia Group, Inc. 8 Freedonia Industry Study

Industry Structure Sample page from Freedonia Industry Study Gain #1111 a better World global Security understanding Products of & Systemscompetition and analyze your your company's position in the industry with information about: market share competitive strategies manufacturing requirements licensing & related agreements marketing & distribution mergers & acquisitions INDUSTRY STRUCTURE Competitive Strategies Early competitive strategies in the agricultural biotechnology industry typically involved heavy investment in research and development to create proprietary products with significant intrinsic and extrinsic advantages over conventional offerings. These strategies led to the commercialization of transgenic crop and SAMPLE PAGE plant seeds with a number of desirable properties such as herbicide tolerance, insect protection and increased yield. The potential of biotechnology to improve the quality and cost-effectiveness of many agricultural commodities has been well established. However, regulatory obstacles and widespread marketplace resistance have limited global transgenic seed demand to only a few products, with major end users existing in only a few countries. The inability to commercialize large-selling product lines and penetrate lucrative new markets is prompting agricultural biotechnology companies to adopt more conservative, narrowly focused competitive strategies. The most common strategies are built around partnerships which pursue the development of less controversial products and technologies. Dow AgroSciences, for example, participates in several ventures and alliances which seek to apply genetically modified traits to plant-based medicines and non-edible crops (such as cotton). The development and licensing of proprietary technologies remain a leading revenue-generating strategy followed by most agricultural biotechnology companies. Monsanto, for instance, continues to derive considerable funds from licensing the use of proprietary traits to crop and plant seed producers. In addition, many small companies, such as Exelixis, continue to generate financing by marketing unique patented technologies to larger industry participants. Another increasingly popular strategy in the agricultural biotechnology industry revolves around the production and sale of conventional crop and plant seeds to Copyright by The Freedonia Group, Inc. Order form on last page 9

Company Profiles The Profiles Section analyzes 21 companies active in the world transgenic crops industry. These profiles represent a sampling or crosssection of the types of companies involved in the industry. Divisions, subsidiaries, joint ventures, etc., are discussed under appropriate parent companies. Dow Chemical Company 2030 Dow Center Midland, MI 48674 517-636-1000 http://www.dow.com COMPANY PROFILES Sources for profiles included: Information provided by key staff members in the respective companies Annual reports 10-K reports Security analysts reports Corporate product literature Dow AgroSciences LLC 9330 Zionsville Road Indianapolis, IN 46268 317-337-3000 http://www.dowagro.com Sales: $27.8 billion (2001) SAMPLE PAGE Geographic Sales: (2001, as percent of total) US 42%, Europe 32%, Other Countries 26% Employment: 41,940 (2000) Key Products: seed traits, crop seed products and biopesticides Dow Chemical is a diversified worldwide producer and supplier of chemicals, plastics and agricultural products which operates in seven segments: Performance Plastics; Performance Chemicals; Agricultural Products; Plastics; Chemicals; Hydrocarbons and Energy; and Unallocated and Other. In February 2001, Dow acquired Union Carbide Corporation (Danbury, Connecticut), a chemicals and polymers company. Dow is active in the world agricultural biotechnology industry through the Agricultural Products segment, which consists of the Dow AgroSciences LLC and Mycogen Corporation subsidiaries. Dow AgroSciences develops and produces seed traits and crop seed products using transgenic methods as part of its Plant Genetics Copyright by The Freedonia Group, Inc. 10 Freedonia Industry Study

Companies Profiled AstraZeneca plc Advanta BV Aventis SA Agrinomics LLC RhoBio Solavista GmbH BASF AG American Cyanamid Co. Cyanamid Agricultural Products Group ExSeed Genetics LLC Cargill Inc. Renessen LLC Cosun BV Advanta BV AgriPro Seeds Inc. Garst Seed Co. Pacific Seeds CropTech Corp. Delta and Pine Land Co. Anhui An Dai Cotton Seed Technology CDM Mandiyu Srl D&M International LLC Hebei Ji Dai Cottonseed Technology Co. Dow Chemical Co. Advanced AgriTraits LLC Cargill Hybrid Seeds Mycogen Corp. PhytoGen Seed Co. DuPont (EI) de Nemours Pioneer Hi-Bred International Qualicon Inc. Emergent Genetics Inc. Acala Cotton Seeds Daehnfeldt A/S Helena Cotton Research Produsem SA Stoneville Pedigreed Seed Exelixis Inc. Agrinomics LLC Agritope Inc. GenOptera LLC Groupe Limagrain AgReliant Genetics LLC Bio Seeds BV Biogemma GEMSTAR RhoBio Soygenetics Vilmorin Clause & Cie Land O Lakes Inc. Agriliance LLC CROPLAN GENETICS FFR Cooperative Soygenetics Wilson Genetics LLC Millennium Pharmaceuticals Inc. Cereon Genomics LLC NovaFlora Inc. Novartis International AG Nufarm Ltd. Florigene Ltd. Pharmacia Corp. Anhui An Dai Cotton Seed Technology Asgrow Seed Co. LLC CDM Mandiyu Srl Cereon Genomics LLC D&M International LLC DEKALB Genetics Hebei Ji Dai Cottonseed Technology Co. Limagrain Canada Seeds Inc. Monsanto Co. Renessen LLC Research Seeds Inc. Forage Genetics International Nitral Urbana Laboratories Seed Research of Oregon Urbana Laboratories Savia SA de CV Bionova Holding Corp. DNA Plant Technology Corp. Seminis Inc. VPP Corp. Syngenta AG Societe Etablissement CC Benoist Wilson Genetics LLC Order form on last page 11

Forecasting Methodology Freedonia does not just collect and reprint data; Freedonia develops data. Our analysts thoroughly investigate an industry by extensively interviewing key industry participants and analyzing information from sources such as associations, government and trade literature. Once this research is complete, Freedonia establishes one set of forecasts. All writing, editing and forecasting is done in-house to assure quality and consistency. In cases where data does not exist, Freedonia develops the data based on input/output ratios, bills of materials and flow charts. The following chart summarizes Freedonia's methodology. The Freedonia Economics Group Consistent framework of indicators on... Total Crop Acres Planted Gross Domestic Product World Population... and many others Freedonia In-house Research Quantitative forecasting Industry structure & market share analyses Product analyses & forecasts Methodology for World Agricultural Biotechnology: Transgenic Crops Extensive Interviews Key participants Industry experts End-users Proprietary Electronic Database Trade publications Government reports Corporate literature Online databases... and many others 12 Freedonia Industry Study

About The Freedonia Group The Freedonia Group, Inc. is a leading international industry study/ database company. Since 1985, Freedonia has published 1,800 titles covering areas such as plastics, chemicals, coatings and adhesives, building materials, industrial components and equipment, health care, packaging, household goods, security, and many other industries. Freedonia has produced a wide variety of titles, including: Biotechnology in Agriculture Plant-Derived Chemicals Pesticides Industrial Starch & Other Corn Chemicals Because Freedonia is a reliable information source, our forecasts are cited in numerous publications such as The Wall Street Journal, Chemical Week, Chemical Market Reporter and European Chemical News. Advantages of Freedonia Reports In-house operations Because all of our staff work at the same location, interaction between analysts and departments provides a strong system of checks and balances. Consistency Our Economics Group develops indicators that are used by all analysts. Therefore, every Freedonia study is based on a consistent set of economic assumptions (GDP, total crop acres planted, world population, etc.). Reliable forecasts Because all of our forecasts consider the environment in which a product or industry is operating, as well as threats and opportunities to the market, Freedonia forecasts are reliable indicators of future performance. One-on-one interviews All studies are produced by conducting interviews with key industry participants and end-users. Proprietary electronic database Freedonia s analysts can tap into an extensive in-house electronic database containing corporate literature (including private company information), trade publications, government reports and many other sources of information. Order form on last page 13

About Our Customers Freedonia's clients include major US and international companies in the manufacturing, services, consulting and financial sectors. Typical purchasers of Freedonia studies : Key Executives Corporate Planners Market Researchers Financial Analysts Information Centers New Product Developers Merger & Acquisition Specialists Since 1985 we have provided research to customers ranging in size from global conglomerates to one person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia research to help with their strategic planning. Some of Freedonia's customers in the transgenic crop industry include: Aventis, BASF, Bayer, Cargill, Dow Chemical, DuPont and Monsanto. 14 Freedonia Industry Study

Related Studies From Freedonia For more information about these or other Freedonia titles, please contact us at: The Freedonia Group, Inc. Phone: (440) 684-9600 (800) 927-5900 Fax: (440) 646-0484 Biocides Regulatory compliance, safety and environmental issues will continue to favor biocides that offer broad-spectrum effectiveness with relatively low toxicity and minimal environmental impact. Growth opportunities await those products that emerge as successors to less benign biocides used in water treatment, wood preservation and other key biocides. This study examines the US specialty biocides industry to 2006 and 2011 by type, function and market. It also evaluates market share and profiles key companies. #1535........ 3/02.......... $3,700 Pesticides US demand for pesticide active ingredients will reach $10.5 billion in 2006, driven mainly by a continuing shift toward more sophisticated products. Herbicides and pesticides will remain dominant while biopest-icides and fungicides grow the fastest. Reduced risk pesticides and chiral versions of extant pesticide actives hold the best prospects among conventional products. This study analyzes the US pesticides industry to 2006 and 2011 by product and market. It also evaluates market share and profiles key firms. #1523........ 2/02.......... $3,600 Biomass Energy Demand for biomass energy and raw materials will grow 8.5% annually to 2005. The fastest gains will occur in the market for biomass transportation fuels, which will be spurred by cellulosic ethanol capacity coming online, production cost reductions and legislative incentives for biodiesel consumption. This study analyzes the US biomass energy industry to 2005 and 2010 by type (e.g., ethanol, biodiesel, methanol, direct power production); material and region. It also presents market share data and profiles key firms. #1411........ 5/01.......... $3,700 Plant-Derived Chemicals Demand for plant-derived chemicals in the US will grow over 7% annually. Growth will be driven by new plant-based pharmaceuticals and gains in the beverage market, where consumers are preferring higher natural flavor loadings. Botanical extracts will be the fastest growing segment, surpassing essential oils as the top product by 2010. This study analyzes the $2 billion US plant-derived chemical industry to 2005 and 2010 by product and market. It also presents market share data and profiles key companies. #1393........ 2/01.......... $3,600 Biotechnology in Agriculture US sales of agricultural biotechnology products will grow over 12% annually. Transgenic seeds and crops will continue to dominate, led by insect-protected and/or herbicide-tolerant corn and soybeans, as well as crops carrying beneficial output traits (e.g., vitamin-fortified rice, cholesterollowering corn). This study analyzes the $1.6 billion US market for genetically enhanced agricultural products to 2004 and 2009 by product, function and market. It also presents market share data and profiles key producers. #1339........ 10/00.......... $3,700 Biotechnology Pharmaceuticals US demand for biotech drugs will grow almost 13% annually. Gains will be driven by new products as continuing advances in biotechnology enable drug researchers to develop safe and effective medicines for conditions not adequately treated with conventional pharmaceuticals. Faster regulatory review will also benefit demand. This study analyzes the $15.7 billion US biotech drug industry to 2004 and 2009 by type, technology and application. It also presents market share data and profiles leading companies. #1338........ 10/00.......... $3,700 Industrial Starch & Other Corn Chemicals Corn-derived chemicals demand in the US will exceed $3 billion in 2004, boosted by polylactic acid as it becomes more competitive with products derived from petrochemical feedstocks. Industrial corn starch will remain the largest product, while better growth opportunities lie with organic and amino acids and polyols. This study analyzes the $2.5 billion US starch and corn chemical industry to 2004 and 2009 by product, function and market. It also presents market share data and profiles key industry players. #1312........ 8/00.......... $3,500 Order form on last page 15

How to Order For more information about our products, please call the Freedonia Customer Service Department at (440) 684-9600 or (800) 927-5900 or fax (440) 646-0484. Corporate Use Licenses Now every decision maker in your organization can act on the key intelligence found in all Freedonia studies. For an additional $2,000, you receive unlimited use of an electronic version (PDF) of the study. Place it on your Intranet, e-mail it to coworkers around the world, or print it as many times as you like! Order it today. Ordering Information Fill out the coupon below and mail it to The Freedonia Group, or send your order by fax (440) 646-0484, E-mail to info@freedoniagroup.com Handling and Shipping is FREE There is NO charge for handling and shipping. In the US we ship via UPS. Outside the US, we provide free airmail service. If you would like express delivery, we provide this to you at cost. Save Fifteen Percent If you order three (3) different titles at the same time, you can receive a discount of 15 percent. If your order is accompanied by a check, you may take a 5 percent cash discount (discounts do not apply to corporate use licenses) Use Credit Card You may charge your order to either Visa, MasterCard or American Express. Please include your credit card account number, expiration date and your signature. Orders Outside of the US Checks must be paid in US funds and drawn against a US bank. Wire transfers should be sent to: Fifth Third Bank, Cincinnati, Ohio; The Freedonia Group, Inc.; SWIFT #FTBCUS3C; ABA #042000314; Account # 830-51814 (please include study number and/or invoice number with all wire transfers). Additional Copies Additional copies are available to original purchasers at $400 per title. Online Access The complete text and tables from our studies and reports can be found on our website www.freedoniagroup.com and through major commercial online vendors. Freedonia Custom Research Need analysis on a topic not covered by Freedonia Industry Studies? Call Customer Service for details on Freedonia Custom Research. THE FREEDONIA GROUP, INC. 767 Beta Drive Cleveland, OH 44143-2326 USA Phone: (440) 684-9600 (800) 927-5900 Fax: (440) 646-0484 Name: Title: Company: Division: Street: City/State/Zip: (no PO Box please) TITLE Please check method of payment: Total: $ PRICE #1532 World Agricultural Biotechnology: Transgenic Crops $4,800 Corporate Use License (add to study price) + $2,000 Additional Print Copies @ $400 Each Enclosed is my check (5% discount) drawn on a US bank and payable to The Freedonia Group, Inc., in US funds. (Ohio residents add 7% sales tax). Bill my company MasterCard Visa American Express Country: Phone: Fax: MO. YR. Email: F-SM.1532 SHIPPING and HANDLING charges are FREE via UPS (USA only) or airmail (Outside USA). Express delivery available at cost. Please inquire. Credit Card # Signature: Expiration Date