Crop Protection China Monthly Report

China is the world's largest producer of pesticide TC, with nearly 70% of global capacity. Most of its exports are finished by multinationals into pesticide formulations,exports being the main driver of its pesticide sector. Between 2021 and 2024, China's pesticide TC exports fluctuated. Impacted by COVID-19, other nations faced supply - chain snarls. But China's pesticide industry, with its integrity, swiftly resumed output post-pandemic, drawing in numerous orders. According to the National Bureau of Statistics, the output of China's chemical pesticide TC fell from the historical high of 3.78 million tonnes (converted to 100% AI, the same hereinafter) in 2016 to 2.67 million tonnes in 2023. In 2024, the output reached 3.68 million tonnes.

In 2024, the global pesticide market hit rock bottom in terms of channel inventory digestion. Market demand is on the rise, and the international market is showing signs of recovery. Regarding pesticide TC, leading enterprises are leveraging large-scale production and cost control to expand their market share continuously, while small and medium-sized enterprises are under elimination pressure. Meanwhile, the industry is upgrading processes through microchannel reaction and continuous manufacturing, and optimizing the global supply chain by establishing overseas factories and obtaining registration certificates. However, high-standard investment and raw material fluctuations still pose challenges. As for pesticide formulations, global food security concerns are driving continuous market expansion. The acceleration of agricultural modernization in developing countries is promoting the popularization of highly efficient and low-toxicity products. The trend of increasing industry concentration is evident domestically. With policies in place to phase out outdated production capacity and the application of new technologies such as biopesticides and nano-controlled release, pesticide products are evolving towards greener and smarter directions.

This issue provides an overview of the new registrations of pesticide formulations in China in 2024. It not only outlines the registration status of China's new registrations of pesticide formulations, but also introduces the newly registered formulations under the categories of herbicide, insecticide and fungicide, as well as for the export-only pesticides in detail. The issue also presents those first-registration active ingredients of pesticide formulations in China during the year.