China is one of the major producers of both active ingredients that form the base of formulated agrochemical products, and the ready-made pesticides sold in many countries. During the COVID-19 pandemic, some of the Chinese factories were shut temporarily which affected the supply of chemicals to major importing countries such as the United States, Brazil, India, Argentina, and Australia.
China is the leading producer and exporter of crop protection chemicals, globally. Insecticides hold the major share among all the crop protection chemicals with 49.0%. Large population, small farm sizes, food security, and the need for high farm efficiency are the prime drivers of the market. China’s government plans for planting areas of several crops include providing more area for rice and wheat to meet the domestic demand and become independent of grains imports will further give a boost to the market.
The use of chemical pesticides in China is observing a downward trend and witnessing a gradual shift towards the use of biological pesticides. The Ministry of Agriculture led the “Zero Growth Policy of Pesticides and Fertilizers by 2020†in 2015 to phase out the use of synthetic pesticides and instead encouraged the use of bio-based and organic products.
Key Market Trends
Increasing Area Under Organic Production Creates to Higher Demand for Bio-Based Chemicals
The overuse of chemical fertilizers and pesticides has been a rising concern in China, which led the government to intervene in maintaining agricultural sustainability and the health of the ecological environment. Due to the high usage of chemicals on agricultural crops, the Chinese government, in 2015, issued a “zero-growth policyâ€, to reduce the use of chemical pesticides and fertilizers by 2020, while pushing toward the green development of its agricultural sector.
Competitive Landscape
China’s crop protection chemical market is a fragmented market. Companies, such as Syngenta, Bayer Cropscience, BASF, and UPL, have expanded their presence in China by enhancing pesticide production and through increased focus on strategic moves like mergers and acquisitions to have a strong foothold in the Chinese market. Few active players in the Chinese crop protection chemicals market includes Nutrichem Company Limited, Shandong Weifang Rainbow Chemical Company Limited, Zhejiang Wynca Chemical Industry Group Co. Ltd, Sichuan Leshan Fuhua Tongda Agrochemical Technology Co. Ltd, etc.
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