LONDON, June 8, 2016 /PRNewswire/ -- On 11 May, 2016, the ranking lists of the China's pesticide industry were published on the Third Pesticide Industry Economic Operation Analysis Meeting held in Yixing City, Jiangsu Province.
The ranking lists include:
- China 2016 Top 100 Pesticide Enterprises: the sixth time that the CCPIA had released a top 100 pesticide enterprises list.
- China 2016 Top 30 Pesticide Formulation Enterprises: the fifth time that the CCPIA had released a top 30 pesticide formulation enterprises list
- China Top Selling Pesticide Brands in 2015: the second time that the CCPIA had released a top selling pesticide brands list
The release of the list of China 2016 Top 100 Pesticide Enterprises is expected to have two positive effects on the pesticide industry:
1. To find out prospecting pesticide enterprises and encourage them to build brand advantages and boost their development;
2. To provide market information to pesticide enterprises so that they can know about their position and then set up proper goals.
In China, the domestic pesticide market grew slower than in previous years. Combined total revenue of the 829 pesticide enterprises with an annual revenue of RMB20 million or more from their main business operations hit USD49.90 billion, with a YoY growth rate of 1.88% (the lowest between 2011 and 2015, down by 6.01 percentage points from 2014); combined total revenue of China's 2016 top 100 pesticide enterprises totaled USD16.68 billion, down by 3.67% YoY and that of China's 2016 top 30 pesticide formulation enterprises reached USD2.46 billion with a YoY growth of 7.97%, lower than 16.53% in 2014.
There are some factors behind the falling pesticide market in 2015, such as the downturn in the global pesticide market and the depressed herbicide market in China.
Against such circumstances, some enterprises, Jiangsu Huifeng Agrochemical Co., Ltd., managed to make increasing revenue thanks to their balanced product structure and their innovative marketing methods.
In this issue, CCM will introduce the ranking lists of the China's pesticide industry to you in detail.
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