China's crop protection market pegged at $1.5bn by Kline & Co
09 Jul '05
3 min read
Preliminary data collected for Kline's proposed study, THE BUSINESS LANDSCAPE FOR CROP PROTECTION SUPPLIERS IN CHINA: 2005 AND BEYOND, peg the value of China's crop protection market at $1.5 billion. While the size of the market in China is large, the amount of the country's arable land has actually declined by nearly one-fifth in the last 50 years. In spite of that reduction, in 2003 agriculture still comprised 14.5% of its $6 trillion GDP.
The staggering expansion in China has been partly stimulated by the U.S., which granted permanent, normal trade relations to China in 2000. As a result, U.S. imports from China doubled from 2001 to 2004, helping to increase the population's standard of living.
“The impact of China's economic boom on agribusiness is huge, especially considering the strain on resources from all sectors,” says Mancer Cyr, senior associate for Kline's Specialty Pesticides consulting practice. “It is reasonable to expect that issues like government support, fuel, and labor availability will combine to affect the agricultural sector's ability to meet the demand for an increase in food quantity and quality. If that happens, the return on investment of input suppliers in China will be affected.”
THE BUSINESS LANDSCAPE FOR CROP PROTECTION SUPPLIERS IN CHINA: 2005 AND BEYOND will construct a snapshot of crop protection in China, including the structure of the industry, demographic issues, social issues, resource availability, and profiles of the top agribusiness competitors.
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