This is a part of ETC Group’s report “Food Tycoon in 2022: Crisis Profits, Digitalization and Power Transfer”.
The full report with citations can be obtained here: https://www.etcgroup.org/content/food-barons-2022
Agrochemicals/Pesticides: Companies in the agrochemicals sector produce and sell agricultural pesticides. After the recent large-scale merger, at least five leading pesticide companies also dominate the world commercial seed and trait market. With the commercialization of molecular biotechnology (such as herbicide-resistant transgenic plants) in the mid-1990s, pesticide and seed sectors have become inseparable. Today, they are further connected through the big data strategy.
In 2020, the global agricultural chemicals market will be USD 62.4 billion.
China’s chemical industry accounts for a quarter of the global pesticide market, and this share may rapidly expand after the merger of China Chemical Industry and Sinochem Group in 2021.
Top 2 pesticide markets in the world = 41%
Top 4 pesticide markets in the world = 62%
Top 6 pesticide markets in the world = 78%.
Post time: Oct-26-2022