my country’s pesticide market continues to grow in size and industry concentration is low

Pesticides refer to chemical agents used in the agricultural field to prevent and control pests and diseases and regulate plant growth. They are widely used in fields such as sanitary pest control, agriculture, forestry and animal husbandry, and industrial products to prevent mildew and moth. With the gradual advancement of production technology, the categories of pesticide products are gradually increasing, with various classification methods. According to different uses, pesticides can be roughly divided into fungicides, insecticides, plant growth regulators, acaricides, herbicides, etc.; according to different raw materials, pesticides can be roughly divided into biological pesticides, chemical pesticides, inorganic pesticides, etc.; according to chemical Depending on the structure, pesticides can be roughly divided into organic nitrogen, carbamates, amide compounds, ether compounds, phenoxycarboxylic acids, triazoles, etc.

At present, my country’s pesticide industry chain has been very complete. The upstream of the industrial chain is mainly the raw material industry, providing ether compounds, urea compounds, amide compounds, benzoic acid and other raw materials; the midstream is mainly the pesticide production industry, responsible for the production and manufacturing of various pesticide products; the downstream is mainly application-oriented fields, mostly used in health and safety, agriculture, forestry, animal husbandry and other fields.

According to the “China Pesticide Industry Market Analysis and Research Report 2023-2027” released by the Industrial Research Center, my country, as a country with a large population, has With limited arable land, growing population and increasingly severe climate change, food security has become an important issue in our country. According to data released by the Bureau of Statistics, in 2022, the national grain sown area will be 118,332 thousand hectares (1,774.98 million acres), an increase of 701,000 hectares (10.52 million acres) compared with 2021, an increase of 0.6%. As one of the important agricultural production materials, pesticides play a role in regulating crop yields and improving the quality of agricultural products. As my country’s grain sown area gradually increases, the overall crop planting scale continues to grow, and the demand for pesticides continues to grow. Against this background, the scale of my country’s pesticide market has gradually expanded. In 2022, my country’s pesticide market size will be 28.24 billion yuan.

From the perspective of pesticide market segments, herbicides, insecticides and fungicides have become the three major application markets in my country. Among them, herbicides account for the largest market share, accounting for 45.2%; followed by insecticides, accounting for 28.4%; ranking third are fungicides, accounting for 23.1%.

Industry analysts said that at present, my country’s pesticide market is less concentrated and the number of companies is increasing. The main foreign pesticide companies include Syngenta, BASF, Bayer Science, Corteva, FMC, Covey Bywer, and Sumitomo Chemical. Domestic pesticide companies mainly include Yangnong Chemical, Jiangshan Pesticide, Qianjiang Biochemical, Zhongnong Lihua, Xin’an Chemical, Yingtai Jiahe, Hebang Biotech, Lier Chemical, etc. Because foreign pesticide companies started earlier, have strong R&D capabilities and high product quality, they occupy most of my country’s market share. Because foreign pesticide companies started late, their independent research and development capabilities are relatively weak and their market share is relatively small. As my country’s pesticide companies gradually develop and continue to increase investment in research and development, the level of comprehensive scientific research and development gradually improves, and domestic substitution is expected to be achieved in the future.