- Apr 19, 2018 -
Since 2017, the global crop planting area has been growing steadily, and the harvest area of corn and soybeans increased by more than 4% in 17 years. In addition, the bottom of agricultural product price recovery, driving the demand for agricultural products such as pesticides, further promote the agricultural products price up. For 16 years, the price of crude oil has hit the bottom and further positive for the pesticide industry. International giants go to the end of inventory, the industry to start replenishing inventory cycle, expected to boost pesticide demand. As a whole, the recovery trend of the pesticide industry continues, and the global agrochemical industry is expected to grow at a compound annual rate of 2.7% in 2015-2020. On the other hand, the product patents of pharmaceutical companies are coming to a peak, the r&d rate of new drugs is slowing down, and the global market share of generic drug companies has increased to more than 60%, and the future is expected to be further improved.