China Crop Protection Chemicals Market - Growth, Trends and Forecasts (2019-2024)

China Crop Protection Chemicals Market - Growth, Trends and Forecasts (2019-2024)

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Market Overview

The Chinese crop protection chemicals market is projected to witness a CAGR of 3.7% during the forecast period (2019-2024). China is the third-largest consumer of pesticide, globally, with a market value of USD 5.97 billion in the year 2017.

  • The country, being the world’s top producer of rice and wheat is seeking to reduce the use of pesticides that have helped to contaminate large bands of its arable land and threatened its ability to keep up with the domestic food demand.
  • Small farm size has escalated in the country. Currently, around 98% of households involved in agricultural farming own less than 2 million hectares of land. The escalation is largely due to the misallocation of cropland and labor caused by the barriers to the movement of labor and the limits on the transfer of cropland use rights. This contributes to the overuse of agricultural chemicals in China.

Scope of the Report

Crop protection chemicals constitute a class of agrochemicals used for preventing the destruction of crops by insect pests, diseases, weeds, and other pests. Synthetic crop protection chemicals form the largest category within the market for crop protection chemicals, with biopesticides comparatively accounting for a minute share. The report contains a detailed analysis of various parameters of the Chinese crop protection chemicals market. The market has been segmented, based on chemistry, product type, and crop type.

Chemistry
Synthetic Crop Protection Chemicals
Biopesticides
Product Type
Herbicides
Insecticides
Fungicides
Other Crop Protection Chemicals
Crop Type
Grains and Cereals
Rice
Wheat
Maize
Other Grains
Pulses and Oilseeds
Commercial Crops
Cotton
Sugarcane
Fruits and Vegetables
Other Crop Types

Key Market Trends

China - Major Exporter of Crop Protection Chemicals

China is the leading producer and exporter of crop protection chemicals, globally. Herbicides accounted for over half of the exports, followed by insecticides. In 2018, the export volume decreased by 7%, while the export value increased by 17.4%. The increase in the value is mainly attributed to an increase in the prices, due to the shortage of supplies caused by stringent environmental regulations by the Chinese government. According to Mordor Intelligence Analysis, in the first 11 months of 2018, the total pesticides export from China was valued at USD 7.09 billion. Asia-Pacific is the largest importer of Chinese pesticides, with the South East Asian countries including Vietnam, Thailand, Indonesia, Malaysia, Singapore, Philippines, Myanmar, Cambodia, and Laos, accounting for 45% of the export value and 62.5% of export volume of the total exports in Asia-Pacific.

China fertilizers market_organic area

Zero Growth of Chemical Pesticide Use Driving Demand for Bio Pesticides

Overuse of chemical fertilizers and pesticides has been a rising concern in China, which led the Government to intervene in maintaining agricultural sustainability and health of the ecological environment. In this regard, the Chinese government introduced “Action to Achieve Zero Growth of Pesticide Use by 2020” with an objective to achieve zero growth in the use of pesticides in the country by 2020. Owing to this there has been a replacement in the use of high toxicity and high residue pesticides with low toxicity and low residue pesticides such as organic pesticides and biopesticides.  The Ministry of Agriculture, China, has implemented the ban of highly toxic substances endosulfan and methyl bromide by the end of 2019. Additionally, the government has proposed to withdraw various other toxic substances omethoate and aluminum phosphide by 2020, and Chloropicrin, carbofuran, and methomyl by 2022.

China fertilizers market_urea fertilizer

Competitive Landscape

Chinese crop protection chemicals market is majorly dominated by local companies with major companies occupying almost 85% of the market. However, the global crop protection chemical companies, viz.,  Syngenta, Bayer, BASF, and UPL, have increased their presence in China by enhancing pesticide production and through increased focus on strategic moves like mergers and acquisition to have a strong foothold in the Chinese market. The major companies dominating the Chinese crop protection chemicals market are Nutrichem Company Limited, Shandong Weifang Rainbow Chemical Company Limited, Zhejiang Wynca Chemical Industry Group Co. Ltd., Sichuan Leshan Fuhua Tongda Agro-chemical Technology Co. Ltd, Nanjing Red Sun Co. Ltd, Jiangsu Huifeng Bio Agriculture Co.  Ltd, Sinochem Crop Protection Co, and Syngenta among others. 

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Chemistry

      1. 5.1.1 Synthetic Crop Protection Chemicals

      2. 5.1.2 Biopesticides

    2. 5.2 Product Type

      1. 5.2.1 Herbicides

      2. 5.2.2 Insecticides

      3. 5.2.3 Fungicides

      4. 5.2.4 Other Crop Protection Chemicals

    3. 5.3 Crop Type

      1. 5.3.1 Grains and Cereals

        1. 5.3.1.1 Rice

        2. 5.3.1.2 Wheat

        3. 5.3.1.3 Maize

        4. 5.3.1.4 Other Grains

      2. 5.3.2 Pulses and Oilseeds

      3. 5.3.3 Commercial Crops

        1. 5.3.3.1 Cotton

        2. 5.3.3.2 Sugarcane

      4. 5.3.4 Fruits and Vegetables

      5. 5.3.5 Other Crop Types

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Nutrichem Company Limited

      2. 6.3.2 Shandong Weifang Rainbow Chemical Co., Ltd.

      3. 6.3.3 Sichuan Leshan Fuhua Tongda Agro-chemical Technology Co., Ltd

      4. 6.3.4 Nanjing Red Sun Co., Ltd.

      5. 6.3.5 Jiangsu Yangnong Chemical Co., Ltd.

      6. 6.3.6 Jiangsu Huifeng Bio Agriculture Co., Ltd

      7. 6.3.7 Zhejiang Xinan Chemical Industrial Group Co., Ltd

      8. 6.3.8 Sinochem Crop Protection Co., Ltd

      9. 6.3.9 Syngenta (Nantong) Crop Protection Co., Ltd

      10. 6.3.10 Bayer Cropscience China Ltd.

      11. 6.3.11 BASF (China) Limited Company

      12. 6.3.12 Corteva Agriscience

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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