Frost & Sullivan recognized AgraQuest with the 2009 Global Frost & Sullivan Award for Growth Leadership. Each year Frost & Sullivan presents this award to the company that has demonstrated excellence in capturing the highest compound growth rate for the last three years.
AgraQuest has grown at a compounded annual growth rate of 37 percent in the last five years, including 70 percent in 2008. The company was quick to identify the trend of integrating conventional pesticides and biopesticides and begin designing products on those lines. Overall, the company has grown at a strong pace to grab a place in top five ranks in the market for microbial biopesticides globally.
“Unlike many conventional pesticide companies, AgraQuest’s highly-qualified, eco-friendly products are highly compatible with chemical pesticides and can be used as a supplement, thus focusing on low chemical agricultural markets,” says Frost & Sullivan Research Analyst Yeshwanth Kumar.
AgraQuest also stresses globalization as an avenue for growth, capitalizing on opportunities in regions such as Asia, South American, and Africa.