Chinese insecticides: shrinking in market share but still carry weight

1. Chinese insecticides: shrinking in market share but still carry weight
The output share of insecticides in China’s pesticide industry has seen a decline in the recent
decade, decreasing from 65.8% in 2000 to 19.2% in 2013, however, insecticides still hold an
important place in Chinese pesticide industry and the global pesticide market. For example, in
the global market in 2012, Chinese insecticides accounted for 28% (by market value) of the
global total, with its sales value hitting USD15 billion.
The Chinese insecticide market has changed a lot in the past decade, since the public has
been paying growing attention to food safety and environment problems. At the same time,
along with insecticide problems like resistance, the variety of insecticides has been updated
faster and faster. Besides, competition in insecticide market is also increasingly serious.
Rice crop is still the largest insecticide consumer in China. The insecticide volume used on rice
crop accounts for about 10% of the total pesticide consumption volume and about 20% of
agriculture-used insecticide volume in China. Because of insecticides’ high toxicity and
resistance problems, their consumption volume used on rice has always been changing. All in
all, Chinese rice insecticide market is so large that a great amount of domestic and foreign
agrochemical enterprises pay attention to it, while the whole insecticide market is active and
changing.
In CCM’s recent report Competitive Insecticides in China, the global and domestic
insecticide market had been introduced, and major insecticides in China also had been ranked
out by various index. In addition, market trends of rice insecticides in domestic market had also
been detailed.
For more information, please visit:
http://www.cnchemicals.com/Product/Report/2422/competitive-insecticides-in-china-edition-1
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