Rising exports, product prices will drive future growth.
San Francisco, CA (PRWEB) August 24, 2013
Revenue for the Chemical Pesticide Manufacturing industry in China has been growing at an annualized rate of 14.1% in the five years through 2013 to an estimated $36.5 billion, says IBISWorld. Main drivers of growth have been governmental support for the downstream agricultural sector and the narrowing income gap between rural and urban populations.
The top four chemical pesticide manufacturers in China – Redsun Group Corporation, Zhejiang Xinan Chemical Industrial Group, Nantong Jiangshan Agrochemical & Chemical, and Jiangsu Yangnong Chemical – are estimated to account for 12.7% of total industry revenue in 2013, says IBISWorld. The Chemical Pesticide Manufacturing industry is characterized by a large number of small-scale producers across the country that manufacture a wide range of chemical pesticides. Concentration is expected to increase as the industry undergoes a process of rationalization due to increasing competition and globalization.
Industry trends include output surplus and intense competition, which is limiting growth to some extent. However, highly toxic pesticides are being eliminated from the market, which is creating opportunities for manufacturers to develop new low-toxic products. IBISWorld anticipates that future growth will be driven by the expansion of foreign markets and product price increases.
For more information, visit IBISWorld’s Chemical Pesticide Manufacturing in China industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld .
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189 .
IBISWorld Industry Report Key Topics
The Chemical Pesticide Manufacturing industry in China is engaged in the formulation and preparation of agricultural and household pest control chemicals. Key products include pesticides (e.g. herbicides, insecticides and fungicides) and agricultural chemical products, such as insect repellants, fly sprays, flea powders, and plant growth regulators.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.