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CN 2631 | Industry Report

Chemical Pesticide Manufacturing in China Industry Data and Analysis

MW
Millie Walker
Analyst Beijing, China May 2025

Revenue for the Chemical Pesticide Manufacturing industry in China is expected to grow at an annualized 6.5% over the five years through 2024, to reach $43.5 billion. This growth includes an increase of 11.1% in the current year.The growing planting area of crops in China has boosted demand for chemical pesticides in the past five years to 2024. However, affected by the fluctuations in prices of chemical pesticides, industry revenue has showed very high volatility. From 2020 to 2022, industry revenue grew by 11.9%, 21.8% and 12.9% year on year, respectively. In 2023, due to the sharp falling prices, industry revenue decreased by 20.0%.China is the world's largest chemical pesticide raw material production base, with nearly 70% of the global chemical pesticide raw material production capacity. The output of chemical pesticide raw materials (equivalent to 100% active ingredients) in China increased from 2.1 million tons in 2019 to an estimated 3.2 million tons in 2024, at an average rate of 8.6%.China is the largest exporter of chemical pesticides in the world. In the past five years to 2024, industry exports will increase at an average rate of 10.0%, to $8.2 billion. Exports as a share of industry revenue will increase from 15.8% in 2019 to 18.6% in 2024. Exports have dropped dramatically in 2023, by 27.8% year on year, mainly due to the falling export pesticide prices. Competing imports will increase at an average rate of 6.3%, to $831.8 million in 2024. The Chinese Government will likely continue increasing support for downstream agricultural industries, which will likely contribute to higher demand for chemical pesticides from the agricultural sector in the future. Highly toxic pesticides are being eliminated from the market, creating opportunities for the development of new low-toxicity pesticides that are more environmentally friendly.Industry revenue is forecast to grow at an annualized 5.0% over the five years through 2029, to $55.7 billion. The development of overseas business will likely support growth, with exports projected to increase at an annualized 7.0% over the period due to improved product quality.

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What's included in this industry analysis

IBISWorld's research coverage on the Chemical Pesticide Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released May 2025.

About this industry

What's this industry report about?

The Chemical Pesticide Manufacturing industry in China operates under the industry code 2631. The Chemical Pesticide Manufacturing Industry in China formulates and prepares 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. Related terms covered in the Chemical Pesticide Manufacturing industry in China include fungicides, glyphosate and plant growth regulators.

What's included in this industry?

Products and services covered in Chemical Pesticide Manufacturing industry in China include Insecticides, Herbicides and Fungicides.

What companies are included in this industry?

Companies covered in the Chemical Pesticide Manufacturing industry in China include ADAMA Ltd., Shandong Weifang Rainbow Chemical Co., Ltd. and Jiangsu Yangnong Chemical Co., Ltd.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Chemical Pesticide Manufacturing industry in China.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Chemical Pesticide Manufacturing industry in China.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Chemical Pesticide Manufacturing industry in China.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Chemical Pesticide Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Chemical Pesticide Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Chemical Pesticide Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Chemical Pesticide Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Chemical Pesticide Manufacturing industry in China.

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Frequently Asked Questions

What is the market size of the Chemical Pesticide Manufacturing industry in China in 2026?

The market size of the Chemical Pesticide Manufacturing industry in China is $43.5bn in 2026.

How many businesses are there in the Chemical Pesticide Manufacturing industry in China in 2025?

There are 698 businesses in the Chemical Pesticide Manufacturing industry in China, which has declined at a CAGR of 0.6 % between 2020 and 2025.

How may import tariffs affect the Chemical Pesticide Manufacturing industry in China?

The Chemical Pesticide Manufacturing industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Chemical Pesticide Manufacturing industry in China?

The Chemical Pesticide Manufacturing industry in China is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.

Has the Chemical Pesticide Manufacturing industry in China grown or declined over the past 5 years?

The market size of the Chemical Pesticide Manufacturing industry in China has been growing at a CAGR of 6.5 % between 2020 and 2025.

What is the forecast growth of the Chemical Pesticide Manufacturing industry in China over the next 5 years?

Over the next five years, the Chemical Pesticide Manufacturing industry in China is expected to grow.

What are the biggest companies in the Chemical Pesticide Manufacturing industry in China?

The biggest companies operating in the Chemical Pesticide Manufacturing industry in China are ADAMA Ltd., Shandong Weifang Rainbow Chemical Co., Ltd. and Jiangsu Yangnong Chemical Co., Ltd.

What does the Chemical Pesticide Manufacturing industry in China include?

Herbicides and Insecticides are part of the Chemical Pesticide Manufacturing industry in China.

Which companies have the highest market share in the Chemical Pesticide Manufacturing industry in China?

The company holding the most market share in the Chemical Pesticide Manufacturing industry in China is ADAMA Ltd..

How competitive is the Chemical Pesticide Manufacturing industry in China?

The level of competition is moderate and increasing in the Chemical Pesticide Manufacturing industry in China.

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