Based on total pesticide revenue of the
enterprises in 2015, China Crop Protection Industry Association (CCPIA)
published the 2016 List of Top 100 Pesticide Enterprises in China. Here, CCM presents you the rank of Top 10 Pesticide
Enterprises in China from CCPIA’s list.
The total combined revenue of these top 10
pesticide enterprises reached USD4.634 billion, down 8% YoY compared to that of
the top 10 pesticide enterprises in the 2015 List. Of the top 10, 5 recorded
falling revenues, 4 had increasing revenues and the remaining 1 was a newcomer
to the list.
On the 2016 List, the top three enterprises
were the same as on the 2015 List, but ranked differently. Nanjing Redsun Co.,
Ltd. climbed to the top from No.3 with a revenue of USD569 million (down by
1.47% YoY), followed by Zhejiang Wynca Chemical Group Co., Ltd. (Zhejiang
Wynca, USD546 million, down by 11.86% YoY) and Nutrichem Co., Ltd. (USD535
million, down by 12.06% YoY).
Zhejiang Wynca’s decreasing revenue in 2015
was mainly because of the low glyphosate price. Many domestic pesticide
enterprises that were engaged in the production of glyphosate suffered a
significant decline in revenue, such as Fuhua Tongda Agro-chemical Technology
Co., Ltd., Jiangsu Good Harvest-Weien Agrochemical Co., Ltd., Zhejiang Wynca,
Hubei Sanonda Co., Ltd., and Shandong Weifang Rainbow Chemical Co., Ltd.
However, Jiangsu Yangnong Chemical Co.,
Ltd. was also mainly engaged in the production of glyphosate but losses from its
glyphosate business in 2015 were offset by revenue from its hygienic
insecticide business and income from new projects of its subsidiary, Jiangsu
Youjia Crop Protection Co., Ltd.
As for the newcomer, Sinochem Agro, which
ranked 15th on the 2015 List, and Sinochem Crop Protection Co., Ltd.
(Sinochem Crop Protection), are both subsidiaries of Sinochem International
Corporation. After business integration in 2015, Sinochem Crop Protection
became the controlling shareholder of Sinochem Agro and ranked 8th on the 2016 List with a revenue of USD422 million.
In fact, the domestic pesticide market grew
slower than in previous years in China. Combined total revenue of the 829
pesticide enterprises with an annual revenue of over RMB20 million from their
main business operations hit USD49.90 billion, with a YoY growth rate of 1.88%;
There are some factors behind the falling
pesticide market in 2015, such as the downturn in the global pesticide market
and the depressed herbicide market in China. To be more specific, according to
Phillips McDougall, a crop protection research company, the total revenue from
the global pesticide industry in 2015 reached USD58.18 billion, down by 8% YoY.
During 2011-2015, output of herbicide technical took up roughly 50% of the
total pesticide technical output every year in China. However, herbicide price
in 2015 was low, especially that of glyphosate and paraquat, leading to a huge
hit to the China’s pesticide industry.
Against such circumstances, some enterprises, Jiangsu Huifeng Agrochemical Co.,
Ltd., managed to make increasing revenue thanks to their balanced product
structure and their innovative marketing methods. In general, performance of
China’s pesticide industry in 2015 was worse than that in previous years, but
many domestic enterprises are still be able to achieve progress.
Predicting the ranking list in 2017, Li
Biyan, agrichemical researcher of CCM,
stated that: “It is not likely that these 10 pesticide enterprises would edge
out of the ranking list as they are all leading pesticide enterprises in China.”
If you are interested in the pesticide
enterprises in China, you could have a look at our newly published report: 2016
Top 100 Pesticide Enterprises in China.
The report of China 2016 Top 100 Pesticide
Enterprises is an analysis report about the ranking lists of the China's
pesticide industry, including the lists of China 2016 Top 100 Pesticide
Enterprises, China 2016 Top 30 Pesticide Formulation Enterprises and China Top
Selling Pesticide Brands in 2015.
From this report, you will be able to find
your answers as we will show you:
--Lists of China 2016 Top 100 Pesticide
Enterprises
--China 2016 Top 30 Pesticide Formulation
Enterprises
-- China Top Selling Pesticide Brands in
2015
--China's pesticide industry in 2015
-- Geographic distribution of top 100
pesticide enterprises
-- Industrial concentration of China's
pesticide industry still way off target
--Reasons for growth and decline in revenue
About CCM:
CCM is the leading market intelligence provider for China’s
agriculture, chemicals, food & ingredients and life science markets.
Founded in 2001, CCM offers a range of data and content solutions, from price
and trade data to industry newsletters and customized market research reports.
Our clients include Monsanto, DuPont, Shell, Bayer, and Syngenta. CCM is a
brand of Kcomber Inc.
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