8 World’s Biggest Pesticides Companies

8 World’s Biggest Pesticides Companies- There are 8 World’s Biggest Pesticides Companies based on the Annual report. Data were obtained from the annual report of each company in 2020. Of the annual report, we can analyze and rank it based on the performance of the company. In this article, we just focus on the Net income or Profit that the companies get in 2020. AS we know, the annual report usually summarizes the operational business performance for 1 year. Furthermore, In the annual report, the condition of a company can be seen, analyzed, and investigated by stakeholders so that it can be a tool to assess the status of health and the foundation of a company.

In this article, the focus of the discussion is on agrochemical companies or commonly known as pesticides companies that focus on the field of crop protection. These companies have a lot of products related to crop protection. They make various kinds of pesticides with various specifications. Herbicides, insecticides, fungicides, acaricides, and bactericides are some of the plant protection products issued by agrochemical companies in supporting agricultural activity in boosting productivity and reducing the damage from pests and pathogens.

Pesticides in the market are poisons that are useful in controlling the population of pests and plant pathogens. The use of pesticides in agriculture is usually the last treatment and is effective in controlling the population of Plant Pest Organisms quickly. Despite the various negative effects to the environment (soil, water, and the environment) because it can cause pollution in it, farmers still use pesticides to protect their crops. They do not want to take the risk of the potential losses because of infestation of pests and pathogens.

During the continuous and inevitable increase in the world’s population, the demand for food will automatically increase. because of this condition, the potential demand for agricultural production inputs, especially pesticides, will automatically increase. When demand increases, pesticide companies will certainly compete to sell quality pesticide products. The quality here is the ability of pesticides to control the population of pests and pathogens in the planting area quickly and effectively so that the potential for plant damage will be reduced.

From time to time, like a natural selection. There are only a few leading companies producing pesticides. In the end, many of them merged with other companies or were acquired by larger companies. This can be seen from Bayer’s acquisition of Monsanto or Dow Agro which merged with Dupont to form Corteva. When viewed from the net income, many of company can show positive performance but some of them show otherwise with negative results. Here is the performance of 8 World’s Biggest Pesticides Companies based on the net income or profit in 2020. All these data are obtained from the Annual report of the company in 2020.

The Rank Table of 8 World’s Biggest Pesticides Companies Based on the Net Income in 2020

Rank	Name of Company	Revenue	Revenue	Net Income	Net Income
		Origin Currency	in US Dollar	Origin Currency	in US Dollar
1	Syngenta	14 Billion US Dollar	14 Billion US Dollar	1.4 Billion US Dollar	1.4 Billion US Dollar
2	Corteva	14.2 Billion US Dollar	14.2 Billion US Dollar	701 Million US Dollar	701 Million US Dollar
3	Sumitomo	20 Billion US Dollar	20 Billion US Dollar	614 Million US Dollar	614 Million US Dollar
4	FMC	4.6 Billion US Dollar	4.6 Billion US Dollar	551 Million US Dollar	551 Million US Dollar
5	UPL	38,952 crore	506 Million US Dollar	3,495 crore	45 Million US Dollar
6	Nufarm	2.8 Billion US Dollar	2.8 Billion US Dollar	(-456 Million US Dollar)	(-456 Million US Dollar)
7	BASF	59 Billion Euro	68 Billion US Dollar	(-1.06 Billion Euro)	(-1.2 Billion US Dollar)
8	Bayer	41 Billion Euro	47 Billion US Dollar	(-14 Billion Euro )	(-16 Billion US Dollar)
Source : Annual Report, 2020
Currency Rate :
1 Euro = 1.16 US Dollar
1 Crore = 10 Million Ruppee
1 Rupee= 0.013 US Dollar
Origin Currency : Currency in The Annual Report

When viewed from the company’s business performance, especially pesticide sales in 2020, several companies showed positive or negative performance amid the Global pandemic of Covid-19. A global pandemic may also reduce the demand of pesticides products because of some countries has a downtrend in the economy. As additional data, some databases about assets and liabilities are shown. This data was obtained from the balance sheet of the annual report in 2020.

Table of Assets and Liabilities of 8 World’s Biggest Pesticides Companies in 2020

Name of Company	Assets	Assets	Liabilities	Liabilities
	Origin Currency	in US Dollar	Origin Currency	in US Dollar
Syngenta	25 Billion US Dollar	25 Billion US Dollar	20 Billion US Dollar	20 Billion US Dollar
BASF	80 Billion Euro	92 Billion US Dollar	45.9 Billion Euro	53 Billion US Dollar
Corteva	42.6 Billion US Dollar	42.6 Billion US Dollar	17.5 Billion US Dollar	17.5 Billion US Dollar
FMC	10.1 Billion US Dollar	10.1 Billion US Dollar	7.2 Billion US Dollar	7.2 Billion US Dollar
Bayer	117 Billion Euro	135 Billion US Dollar	86.3 Billion Euro	100 Billion US Dollar
Nufarm	4.5 Billion US Dollar	4.5 Billion US Dollar	2.3 Billion US Dollar	2.3 Billion US Dollar
Sumitomo	36 Billion US Dollar	36 Billion US Dollar	22 Billion US Dollar	22 Billion US Dollar
UPL	70,431 crore	915 Million US Dollar	45,851 crore	596 Million US Dollar
Source : Annual Report, 2020
Currency Rate :
1 Euro = 1.16 US Dollar
1 Crore = 10 Million Ruppee
1 Rupee= 0.013 US Dollar
Origin Currency : Currency in The Annual Report

Brief Description of 8 World’s Biggest Pesticides Companies in 2020

1.Bayer

Bayer Aktiengesellschaft or better known as Bayer AG is a leading and experienced company with diverse/diversified businesses such as chemical, health, and pharmaceutical products from Germany. The 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.

8 World’s Biggest Pesticides Companies - Bayer

In 2018, to strengthen its position in the field of agricultural pesticides, the company made an astonishing move by acquiring Monsanto which is one of the largest agricultural pesticide and seed companies from the United States. Monsanto is a controversial company that is well known for its Round Up herbicide and Dekalb corn seed. Financially in 2020, the company recorded a negative performance with Revenue from pesticide sales reached 47 billion US dollars but get a net loss of around 16 billion US dollars.

2.Syngenta

8 World’s Biggest Pesticides Companies - Syngenta

This pesticide company 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 the largest pesticide company in the world. However, since 2017, this company was bought/acquired by China National Chemical Corporation (ChemChina), which is a Chinese state-owned company and is one of the largest acquisitions made by a corporation from the Panda Country. 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 and. In 2020, based on its business performance, especially in pesticide sales, Syngenta showed a positive performance by achieving revenue of 14 billion US Dollars and net income of around 1.4 billion US dollars.

3.BASF

8 World’s Biggest Pesticides Companies- 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. In 2020, this company have a negative performance with a net loss of around 1.2 billion US dollars.

4.Corteva Agriscience

8 World’s Biggest Pesticides Companies- 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. This company has a main office in Wilmington, Delaware, the U.S. Financially, in 2020, the company record positive performance with revenue of around 14.2 billion US Dollar or net income of around 702 million US dollars.

5.FMC

8 World’s Biggest Pesticides Companies- 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. The company was founded in 1883 by John Bean and is headquartered in Philadelphia, United States. In the world of plant protection, this company has spread its wings to various parts of the world. In 2020, based on the annual report, the company recorded a positive performance by recording revenue of around 4.6 billion US Dollars, and net income reach 551 million US dollars.

6.Nufarm

8 World’s Biggest Pesticides Companies- 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 2020, the company can generate revenue of around 2.8 billion US dollars and Net loss of around – 456 million US dollars.

7. Sumitomo Chemical

8 World’s Biggest Pesticides Companies- Sumitomo Chemical

Sumitomo Chemical Co., Ltd., or Sumitomo Kagaku Kabushiki-gaisha is one Experienced company of agrochemical that has been founded in Ehime, September 1913. In the early years, this company produces some fertilize, namely calcium superphosphate fertilizer, and diversifying their business in agrochemical. This company has a main office in Tokyo Sumitomo Twin Building (East), 27-1, Shinkawa 2-chome, Chūō, Tokyo. In 2020, based on the financial performance of the Annual Report in 2020, the company generates revenue of around 20 billion US Dollar and net income reach 615 million US dollars.

8. UPL

8 World’s Biggest Pesticides Companies- UPL

United Phosphorous (UPL) or commonly known as UPL. Ltd is a company that produces some crop protection. Historically, the company was incorporated in the year 1969. UPL is the largest producer of agrochemicals in India and one of the biggest in the world. Along with the development of its business, the company has some marketing offices in foreign countries around 138 countries. In 2020, financially, this company recorded of revenue of 506 million US dollars and Net Income reach 45 million US dollars.