8 World’s Biggest Agricultural Pest Control Companies- According to Annual Report in 2022, there are 8 World’s Biggest Agricultural Pest Control Companies. These companies basically have some pest control products in agriculture industries. These products basically can help the infestation of the pest in many crops and reduce the yield loss of the crops. Finally, it can substantially help famers to give the best production of harvested crops. To Date, most of farmer still fully depend on the usage of pest control products to protect thir crops from dangerous and unpredictable pest from time to time.
Basically, all of pest control companies in Agriculture industries provide the best product of pesticides (insecticides, Fungicides, and Herbicides) to the users. Many companies strive to launch the new products with different active ingredients and dosage to help farmers from unpredictable pest from time to time. With unpredictable conditions of earth, some of the species of pest can be increased and decreased with different characteristics. So, in respond in these conditions, many pest control companies improved the formulation of their pesticides and launch the new products of pesticides from time to time.
Of all pest control companies in agriculture industries, only few of them have huge market. Billion of Farmers in the world know their pest control products. Here are the 8 World’s Biggest Agricultural Pest Control Companies. All the data was obtained from annual report in 2022.
The Assets and Liabilities of Agricultural Pest Control Companies
| Rank | Name of Company | Assets | Assets | Liabilities | Liabilities | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Origin Currency | in US Dollar | Origin Currency | in US Dollar | |||||||||
| 1 | Bayer | € 101,106 Million | $ 109,194 Million | € 67,856 Million | $ 73,284 Million | |||||||
| 2 | BASF | € 84,472 Million | $ 91,229 Million | € 43,550 Million | $ 47,304 Million | |||||||
| 3 | Corteva | $ 42,618 Million | $ 42,618 Million | $ 17,077 million | $ 17,077 million | |||||||
| 4 | Syngenta | $ 30,440 Million | $ 30,440 Million | $ 23,517 Million | $ 23,517 Million | |||||||
| 5 | Sumitomo | ¥ 4,165 billion | $ 29,571 Million | ¥ 2,676 billion | $ 18,996 Million | |||||||
| 6 | FMC | $11,171 Million | $11,171 Million | $7,771 Million | $ 7,771 Million | |||||||
| 7 | Nufarm | $ 4,659 Million | $ 4,659 Million | $ 2,152 Million | $ 2,152 Million | |||||||
| 8 | UPL | ₹ 19,633 | $ 2,355 Million | ₹ 11,432 | $ 1,371 Million | |||||||
| Source : Annual Report, 2022 | ||||||||||||
| Origin Currency : Currency that officially used in Annual Report | ||||||||||||
| US Dollar : Converted Currency from Origin Currency into US Dollar based on Currency Rates | ||||||||||||
| Currency Rates : | ||||||||||||
| 1 Euro (€) = 1.08 US Dollar (USD) | ||||||||||||
| 1 JPY (¥) = 0.0071 USD ($) | ||||||||||||
| 1 INR = 0.012 USD ($) | ||||||||||||
| 1 crore (₹) = 10 Million INR | ||||||||||||
The data of assets and liabilities are obtained from Balance sheet of Annual report in 2022. Basically, balance sheet can describe the conditions of Assets, Liabilities, and Equities of the company in specific time.
The Revenue and Net Income of Agricultural Pest Control Companies
| Rank | Name of Company | Revenue | Revenue | Net Income | Net Income |
|---|---|---|---|---|---|
| Origin Currency | in US Dollar | Origin Currency | in US Dollar | ||
| 1 | Bayer | € 16,470 Million | $ 17,787 Million | € 4,764 Million | $ 5,145 Million |
| 2 | Syngenta | $ 19,963 MIllion | $ 19,963 MIllion | $1,907 Miliion | $1,907 Miliion |
| 3 | Corteva | $ 17,455 Million | $ 17,455 Million | $ 1,158 Million | $ 1,158 Million |
| 4 | FMC | $5,802 Million | $5,802 Million | $ 741 Million | $ 741 Million |
| 5 | UPL | ₹ 17,080 | $ 2,049 Million | ₹ 1,176 | $ 141 Million |
| 6 | Nufarm | $ 3,772 Million | $ 3,772 Million | $ 107 Million | $ 107 Million |
| 7 | Sumitomo | ¥ 2,895 billion | $ 20,554 Million | ¥ 7.0 billion | $ 49 Million |
| 8 | BASF | € 87,327 Million | $ 94,313 Million | € –391 Million | $ -422 Million |
| Source : Annual Report, 2022 | |||||
| Origin Currency : Currency that officially used in Annual Report | |||||
| US Dollar : Converted Currency from Origin Currency into US Dollar based on Currency Rates | |||||
| Currency Rates : | |||||
| 1 Euro (€) = 1.08 US Dollar (USD) | |||||
| 1 JPY (¥) = 0.0071 USD ($) | |||||
| 1 INR = 0.012 USD ($) | |||||
| 1 crore (₹) = 10 Million INR | |||||
The data of revenue and Income/ Losses are obtained from Income Statement of the company in 2022. Basically, the income statement describes the business performance of company in specific time. The revenue, cost of revenue, other costs, income/ losses can be found in income statements of the company.
Brief Description of 8 World’s Biggest Agricultural Pest Control Companies
1. Bayer
Bayer Aktiengesellschaft or better known as Bayer AG is a leader and experienced pest control company in agricultural sectors. Historically, this company was founded by Friedrich Bayer in 1863 and is headquartered in Leverkusen, Germany. Until now, several business units owned by Bayer are Bayer Crop Science, Bayer HealthCare, Bayer Material Science, Bayer Chemicals. In the field of crop protection, the company has a Bayer Crops Science unit that produces, researches, and markets a variety of pesticides and plant seeds. in crop protection industries, Bayer through Bayer Crop Science has some brand of pest control products. Some of the brands include Gaucho, Serenade, Sivanto, Acceleron, Nativo, Movento, Roundup, and Luna.
In 2018, to strengthen its position in the field of agricultural pesticides, the company made a shocking movement by acquiring Monsanto which is one of the largest agricultural pesticide and seed companies from the United States. Basically, Monsanto is well-known with controversial issues behind its business performance. So far, Monsanto company is the producer and manufacturer of Round Up herbicide and Dekalb corn seed. Financially in 2022, the company recorded a positive performance with Revenue from pesticide sales reached € 16,470 Million / $ 17,787 Million and getting net income around € 4,764 Million / $ 5,145 Million.
2. Syngenta
Historically, Syngenta was formed because of the merger between Zeneca Agrochemical and Novartis Agribusiness in 2000 and is headquartered in Basel, Switzerland. Until now, this company is considered as one of the largest pesticide companies in the world. However, in 2017, this company was bought/acquired by China National Chemical Corporation (ChemChina), a Chinese state-owned company. So far, it became one of the largest acquisitions made by a corporation from the Panda Country.
Functionally, Syngenta produces various types of products for plant protection ranging from insecticides, herbicides, and fungicides. Many of its products are well known by the world community. Based on the portfolio of pest control products, Syngenta has some brands of crop protection products. These brands include ELESTAL™ Neo, ISABION®, FORTENZA®, CLARIVA, ADEPIDYN, Calaris, Calisto, Amistar, Bion, and many more. Financially, in 2022, based on its business performance, especially in pesticide sales, Syngenta showed a positive performance by achieving revenue of $ 19,963 Million and net income around $1,907 Million.
3. Corteva
Corteva Agriscience is one of the largest agricultural pesticide companies from the United States which was formed due to the merger between 2 large companies namely Dow Agro and Dupont in 2017. Operationally, this company has main office in Wilmington, Delaware, U.S.
Based on the portfolio of pest control products, Corteva Agriscience has some brands of crop protection products. These brands include CLOSER™, DELEGATE®, INTREPID®, ISOCLAST™, EXALT™, PEXALON™, TRANSFORM™, VYDATE®, OPTIMUM®, Reklemel™, SALIBRO™, PYRAXALT™, QALCOVA™, JEMVELVA™, RADIANT™, SENTRICON®, ENTRUST® SC, GF-120™, And TRACER™. Financially, in 2022, the company record positive performance with revenue around $ 17,455 Million / $ 17,455 Million or net income around $ 1,158 Million / $ 1,158 Million. Based on the financial positions of the company in Balance Sheet, Corteva Agriscience has assets around $ 42,618 Million with liabilities around $ 17,077 million.
4. FMC
Food Machinery Corporation or better known as FMC is a chemical company originating from the United States and is one of the largest agricultural pesticide companies in the world. Historically, the founder of the company is The company is John Bean and still has headquarter in Philadelphia, United States. In the world of plant protection, this company has spread its wings to various parts of the world. Based on its pest control products, FMC also has some pest control products. Some of the FMC brands are Coragen, Dimethoate, Brigate, Carbine, Beleaf, Avaunt, Prevathon, Exirel, Altacor, and many more. In 2022, based on the annual report, the company recorded a positive performance by recording revenue around $5,802 Million and net income reach $ 741 Million. Based on the financial condition of the company in 2022, FMC has assets around $11,171 Million with Liabilities around $7,771 Million.
5. UPL
United Phosphorous (UPL) or commonly known as UPL. Ltd is a company that produce some of crop protection. Operationally, UPL started its business since 1969 and still has main office in Mumbai, Maharashtra. UPL is largest producer of agrochemicals in India and one of biggest in the world. Along with the development of its business, the company has some marketing office in foreign countries around 138 countries. Based on the products, UPL also has some pest control products. Some of the UPL brands are apache, Imagine, Kevuka, Flomarite, Gunther, Viraat, Kaardon, Arystaprid, Agniban, and many more. In 2022, financially, this company recorded of revenue ₹ 17,080 / $ 2,049 Million and Net Income reach ₹ 1,176 / $ 141 Million. Based on the financial position of the company, UPL has business assets around ₹ 19,633 / $ 2,355 Million and Liabilities around ₹ 11,432 / $ 1,371 Million
6. Nufarm
This Agrochemical Company comes from Australia which was founded in 1956 with its head office in Melbourne, Australia. In the pesticide sector, this company is a long-standing player in the agrochemical sector and has entered the pesticide market in Indonesia. In 2022, the company can generate revenue around $ 3,772 Million and Net income around $ 107 Million. Furthermore, based on the financial positions in Balance sheet of Annual Report in 2022, Nufarm has business assets around $ 4,659 Million and liabilities around $ 2,152 Million. Based on brands, some of the nufarm pest control products namely, Arena, Attack, Teppan, Depitox, and many more.
7. Sumitomo Chemical
Sumitomo Chemical Co., Ltd., or Sumitomo Kagaku Kabushiki-gaisha is one of experienced company of agrochemical. Historically, the foundation of Sumitomo Chemical in business located in Ehime, September 1913. In the early years, this company produce some fertilize, namely calcium superphosphate fertilizer and diversifying their business in agrochemical. This company has main office in Tokyo Sumitomo Twin Building (East), 27-1, Shinkawa 2-chome, Chūō, Tokyo. In 2020, based on the financial performance of Annual Report in 2020, the company generate revenue around¥ 2,895 billion / $ 20,554 Million and net income reach ¥ 7.0 billion / $ 49 Million. Based on the balance sheet of Sumitomo Chemichal in 2022, this company has assets around ¥ 4,165 billion / $ 29,571 Million and Liabilities around ¥ 2,676 billion / $ 18,996 Million.
8. BASF
Badische Anilin- und Soda-Fabrik or better known as BASF is a chemical company founded in 1865 by Friedrich Engelhorm and headquartered in Ludwigshafen am Rhein, Germany. This company is one of the largest chemical and pesticide companies from Germany besides Bayer AG with a diversified business diversification not only in the field of plant protection. On Pest control produts, BASF has some products on crop protection. these products include Ascend, Fastac, Kotetsu, Perfekthion, Regent, Stampede and many more.
Financially, in 2022, Although BASF gained revenue around € 87,327 Million / $ 94,313 Million, this company have negative performance with net loss around € –391 million / $ -422 Million. Furthermore, based on the balance sheet of BASF in 2022, this company has assets around € 84,472 Million / $ 91,229 Million and Liabilities around € 43,550 Million / $ 47,304 Million.
Summary of World’s Biggest Agricultural Pest Control Companies in 2022
Bibliography of 8 World’s Biggest Agricultural Pest Control Companies
Bayer. 2023. Annual Report 2022. Accessed via https://www.bayer.com/en/investors/integrated-annual-reports on June 15, 2023
Syngenta. 2023. Annual Report 2022. Accessed via https://www.syngenta.com/en/about/bond-investor-information/financial-results on June 15, 2023
Corteva. 2023. Annual Report 2022. Accessed via https://investors.corteva.com/ on June 15, 2023
FMC. 2023. Annual Report 2022. Accessed via https://investors.fmc.com/financials/annual-reports-and-proxy-statements/default.aspx on June 15, 2023
UPL. 2023. Annual Report 2022. Accessed via https://www.upl-ltd.com/investors/financial-results-and-reports/annual-reports on June 15, 2023
Nufarm. 2023. Annual Report 2022. Accessed via https://nufarm.com/financial-reports/ on June 15, 2023
Sumitomo. 2023. Annual Report 2022. Accessed via https://www.sumitomocorp.com/en/jp/ir/financial/investors-guide/2022 on June 15, 2023
BASF. 2023. Annual Report 2022. Accessed via https://report.basf.com/2022/en/ on June 15, 2023
