2020 China’s top 100 Pesticide Formulation Companies Released by CCPIA

On June 11, Qingdao, Shandong, the list of 2020 China’s top 100 pesticide formulation companies was released by China Crop Protection Industry Association (CCPIA).

Shenzhen Noposion Agrochemicals Co., Ltd. topped the list with sales of RMB 2.51 billion (USD 353.71 million). Guangdong Zhongxun Agri-Scinece Corporation ranked the second with sales of RMB 1.73 billion (USD 244.56 million), and Guangxin Tianyuan Biochemistry Co., Ltd. ranked third with sales of RMB 1.31 billion (USD 184.55 million).

From the overall sales performance of this year’s top 100 formulation companies, total sales reached RMB 34.45 billion (USD 4.86 billion), the finalist threshold was RMB 97 million (USD 13.7 million). There are 7 companies with sales more than RMB 1 billion, and the overall sales volume of the top 10 companies is RMB 11.86 billion (USD 1.67 billion). Compared with the technical companies, the average scale of the formulation companies is small, but the overall sales performance in 2019 of formulation companies is still good. From the sales performance of top 50 formulation companies, the overall sales has increased significantly, with a year-on-year growth of 15.05%, and the sales volume of formulation companies ranking the 50th has increased by 28.67% year-on-year. 

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