The China Crop Protection Chemicals (Pesticides) Market has been estimated at USD 6299.75 million in 2015 and is projected to reach XX million by 2020, at a CAGR of 8.12 % during the forecast period from 2015 to 2020. Crops like rice, Maize, Soybean, wheat, Fruits and vegetables are largely grown in China. Agriculture in China is expected to grow at faster rate for food security and economic reasons. Countrys’ pesticide usage is 43.7% of the total Asia-Pacific pesticides usage.
Chinese manufacturers stand to gain from exports of pesticides to other markets, since overall demand for them is on a growth trajectory. The big six agricultural chemical companies, viz., Dow, Syngenta, Monsanto, Bayer, BASF and DuPont, have increased their presence in China by enhancing pesticide production. Going forwards, China would attempt to increase its global market presence by foraying into newer areas by introducing domestic brands, with a specific emphasis on the US market. A major development signifying this move was the US$2.4 billion acquisition of Israel-based generic agricultural producer Makhteshim Agan by ChemChina in 2011. Application of pesticides is the largest and fastest growing for crops in China, with non-crop uses expected to register a slower growth.
By segment, biopesticides are likely to witness the faster growth in comparison to the synthetic chemicals due to increasing demand of regulation on crop protection chemicals residues by agriculture produce importers. By product type, market is segmented into herbicides, fungicides, insecticides and other chemicals. Herbicides constitute the major share of pesticides revenue. In 2015, herbicides accounted for XX% of the pesticides market and is estimated to grow at 7.08% CAGR for 2015-2020 in the forecasted span of five years. Insecticides accounted for XX% of the pesticides market in 2015. Further the products are segmented by origin, synthetic and biopesticides. By application area, pesticides demand has been analyzed in terms of crop-based (including grains & cereals, oilseeds and fruits & vegetables) and non-crop-based (including turf & ornamental grass and other non-crop-based applications).
Major companies covered in the report include American Vanguard, Arysta LifeScience, BASF SE, Bayer CropScience, BioWorks, Cheminova, Chemtura Corp, Chr Hansen, Dow AgroSciences, DuPont, FMC Corp, Isagro SpA, Ishihara Sangyo Kaisha, Makhteshim Agan, Marrone Bio Innovations, Monsanto, Natural Industries, Novozymes A/S, Nufarm Ltd, Sumitomo Chemical, Syngenta AG and Valent Biosciences. The key strategies used by companies in this market are new product registrations, acquisitions to enter new markets.
Key Deliverables in the Study