Top five generic agrochemical companies

Date:08-13-2009

In 2008, the global market for crop protection products increased by 21.2% to $40.475 billion; if products used in non-crop situations are included then the total market for agrochemicals grew by 19% to $46.130 billion.

Against this market background the majority of companies operating globally in the agrochemical sector returned strong sales increases during the year.

The following lists the sales results in 2008 for the leading five agrochemical companies whose sales are based predominantly on generic products.

 

Leading generic agrochemical companies sales results （$ million）
Company	2008	2007	% Growth 2007/06
Makhteshim Agan (MAI)	2,335	1,895	23.2
Nufarm	2,287	1,819	25.7
Cheminova	943	721	30.8
United Phosphorus (UPL)	937	762	23.0
Sipcam	451	356	26.7

 

The data in the above list indicates growth rates for the leading generic companies in the industry ahead of the industry average, continuing the trend of recent years. However, since 2000 the leading four generic companies have been involved in a number of acquisitions, inclusion of which will have enhanced sales performance. These acquisitions have also represented consolidation within the generic sector of the market.