Glyphosate is a herbicide invented by Monsanto in 1970. Its patent expired in 2000. The wide use of glyphosate results from the enlargement of transgenic crop cultivation area. As the most widely used herbicide in the world, glyphosate is mainly applied to transgenic crops such as soybeans, corn and cotton because of low toxicity, no residue and broad spectrum. At present, the global glyphosate production capacity concentrates in China. In 2017, the global glyphosate production capacity was 1,065,000 tons, including 380,000 tons of Monsanto and 685,000 tons of Chinese enterprises. Due to China's supply-side reform and environmental supervision, China's glyphosate industry is more integrated and concentrated. The glyphosate industry is a typical polluting industry. The production of glyphosate can generate plenty of waste water. Therefore, it is unlikely to expand production capacity substantially within a short period under current environment protection pressure.
According to CRI, there is a stable increase in global transgenic crop cultivation area in recent years. In 2016, the transgenic crop cultivation area was 190 million hectares, increasing by 3.0% YOY. Correspondingly, the global sales of glyphosate exceeded USD 5 billion in 2017. China is a major glyphosate exporter in the world. Over 80% of China-made glyphosate is exported to account for over 60% of the global supply. The output of glyphosate in China increased from 316,000 tons in 2010 to about 505,000 tons in 2017. In 2017, China exported over 300,000 tons of glyphosate technical, which satisfied more than half of the global glyphosate demand.
At present, the glyphosate synthesis process is mature, and the technical barriers in the industry are low. However, the Chinese government is tightening the environmental supervision over the glyphosate industry in recent years because it is difficult to deal with the large amount of wastewater generated in the glyphosate production process. Many small and medium-sized enterprises quit owing to the high costs of four-round environmental supervision and continued market downturn. In the past two years, the increasing industry concentration led to integrated factories of raw materials and products that have cost and resource advantages as well as non-integrated factories that have certain scale advantage. The competition in the industry is becoming increasingly fierce.
The strengthened enforcement of environmental protection laws has not only increased the production costs of glyphosate enterprises but also tightened the supply and increased the price of glycine, the upstream raw material of glyphosate. Driven by higher costs of raw materials and production, the market price of glyphosate grows higher but the profitability becomes lower. It should be noted that the global glyphosate demand will continue to grow in the future as the continued expansion of transgenic crop cultivation area broadens the market space of glyphosate. In addition, China has forbidden the use of highly toxic herbicides such as paraquat but the transgenic crop cultivation area is expanding. Therefore, the domestic glyphosate demand will also continue to grow.
Table of Content
1 CONCEPT AND APPLICATION OF GLYPHOSATE
1.1 Concept of Glyphosate
1.2 Application of Glyphosate
1.3.1 Parameters and Assumptions
1.3.2 Data Sources
2 ANALYSIS ON GLYPHOSATE INDUSTRY
2.1 Development of Global Glyphosate Industry
2.2 Development Environment of China's Glyphosate Industry
2.2.1 Economic Environment
2.2.2 Policy Environment
2.2.3 Social Environment
2.3 Analysis on Supply of Glyphosate in China
2.3.1 Production Capacity
2.4 Analysis on Demand for Glyphosate in China
2.5 Export of Glyphosate in China
2.5.1 Export Overview
2.5.2 Major Export Destinations
3 ANALYSIS ON COMPETITION IN CHINA'S GLYPHOSATE INDUSTRY
3.1 Barriers to Entry in China's Glyphosate Industry
3.1.1 Policy Barriers
3.1.2 Capital Barriers
3.1.3 Technological Barriers
3.2 Competition Structure of China's Glyphosate Industry
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Internal Competition of Glyphosate Industry
3.2.4 Potential Entrants to Glyphosate Industry
3.2.5 Substitutes for Glyphosate Industry
4 ANALYSIS ON MAJOR GLYPHOSATE MANUFACTURERS IN CHINA
4.1 Integrated Enterprises
4.1.1 Hubei Taisheng Chemical Co., Ltd.
4.1.2 Fuhua Tongda Agro-chemical Technology Co., Ltd.
4.2 Non-integrated Enterprises
4.2.1 Zhejiang Xinan Chemical Industry Group Co., Ltd.
4.2.2 Zhejiang Jinfanda Biochemical Co., Ltd.
4.2.3 Nantong Jiangshan Agrochemical & Chemicals Co., Ltd.
4.2.4 Shandong Weifang Rainbow Chemical Co., Ltd.
4.2.5 Jiangsu Good Harvest-Weien Agrochemical Co., Ltd.
4.2.6 Jiangsu Yangnong Chemical Co., Ltd.
4.2.7 CAC Nantong Chemical Co., Ltd.
4.2.8 Jingma Chemicals Co., Ltd.
5 ANALYSIS ON RAW MATERIAL COSTS AND PRICES OF CHINA'S GLYPHOSATE INDUSTRY
5.1 Analysis on Costs of Glyphosate
5.2 Analysis on Prices of Glyphosate
6 FORECAST ON DEVELOPMENT OF CHINA'S GLYPHOSATE INDUSTRY, 2018-2022
6.1 Factors Influencing Development of China's Glyphosate Industry
6.1.1 Major Driving Forces and Market Opportunities for China's Glyphosate Industry
6.1.2 Threats and Challenges to China's Glyphosate Industry
6.2 Forecast on Supply of Glyphosate in China
6.3 Forecast on Demand for Glyphosate in China
Chart Application of Glyphosate
Chart Global Market Size and Regional Distribution of Glyphosate
Chart Output of Chemical Pesticide Active Compounds in China, 2013-2017
Chart Major Policies for China's Glyphosate Industry
Chart Effective Production Capacity of Glyphosate in China
Chart Output of Glyphosate in China, 2013-2017
Chart Export Volume of Glyphosate in China, 2013-2017
Chart Major Glyphosate Manufacturers in China
Chart Profile of Hubei Taisheng Chemical Co., Ltd.
Chart Profile of Zhejiang Xinan Chemical Industry Group Co., Ltd.
Chart Zhejiang Xinan Chemical Industry Group Co., Ltd.'s Income From Pesticides, 2013-2017
Chart Profile of Zhejiang Jinfanda Biochemical Co., Ltd.
Chart Price Trend of Technical Grade Glycine
Chart Market Price of Glyphosate Technical in China, 2015-2018
Chart Forecast on Output of Glyphosate in China, 2018-2022
Chart Forecast on Global Market Size of Glyphosate, 2018-2022
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