Page 128 - 2023 White Paper on the Business Environment in China
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3 White Paper on the Business Environment in China
output of chemical pesticide technicals (converted Freitas, Tatiana, and Alfred Cang. “China to
to 100% active ingredients) in Jiangsu Province Speed Brazil Corn Imports Amid Ukraine War,
was 52,400 tons, and the cumulative output from US Tensions - BNN Bloomberg.” BNN, 11 Aug.
January to May 2022 was 254,700 tons (National 2022, https://www.bnnbloomberg.ca/china-to-
Bureau of Statistics). speed-brazil-corn-imports-amid-ukraine-war-us-
tensions-1.1804711.
Post-Covid-19, agrochemical manufacturers,
and suppliers are turning to e-commerce platforms National Bureau of Statistics. “China’s Chemical
like nurture.retail, DeHaat, AgroStar, FAARMS, and Pesticide Technical Production 1.078 Million Tons
others to market agrochemical products such in First 5 Months of 2022.” ECHEMI, https://www.
as herbicides, insecticides, fungicides, and plant echemi.com/cms/849388.html. Accessed 18 Oct.
growth regulators. These platforms will open 2022.
up digital connections between manufacturers,
merchants, and dealers, allowing them to Sinha, Laltu. China Produces 90% of World’s
purchase products at low rates with the highest Agrochemical Raw Materials. http://www.fnbnews.
level of quality assurance. In addition, players are com/Top-News/china-produces-90-of-worlds-
choosing for merger and acquisition strategies agrochemical-raw-materials-66813. Accessed 18
to gain a significant market share in the industry. Oct. 2022.
The global market for agrochemicals is expected
to increase from US$214.7 billion in 2021 to TheStateCouncil.“ChinatoImproveRuralDelivery
US$259.8 billion by 2028, with a CAGR of 3.0% over Logistics System.” The State Council, https://english.
the forecast period (2022-2028). In recent decades, www.gov.cn/policies/latestreleases/202108/20/
agricultural markets have expanded as a result content_WS611f65f6c6d0df57f98dee42.html.
of increased food demand induced by the rapid Accessed 18 Oct. 2022.
growth of the human population. High population
and the resulting growth in food consumption, Wei, Xu. “Xi: Large-Scale Agriculture to Play Key
soil degradation, limited agricultural land, and Role.” China Daily, https://www.chinadaily.com.
increased consumer awareness of the benefits of cn/a/202206/29/WS62bb86eca310fd2b29e691e0.
agrochemicals are the primary factors driving the html. Accessed 18 Oct. 2022.
global agrochemicals industry (Sinha).
Xinhua. “China Passes New Law to
Works Cited Strengthen Black Soil Protection.” China Daily,
//global.chinadaily.com.cn/a/202206/24/
Abbott, Chuck. “After Reaching ‘Peak Cotton,’ a WS62b54d34a310fd2b29e68600.html. Accessed
Declining Role for China.” Successful Farming, 10 18 Oct. 2022.
Aug. 2022, https://www.agriculture.com/news/
business/after-reaching-peak-cotton-a-declining- ---. “China's Grain Output Expected to
role-for-china. Remain Stable: Report.” China Daily, https://
www.chinadaily.com.cn/a/202204/21/
CCFGroup. 2022 China State Cotton Reserves WS6260edcca310fd2b29e58621.html. Accessed 18
Settled, No Surprise to the Market. https://www. Oct. 2022.
ccfgroup.com/newscenter/newsview.php?Class_
ID=D00000&Info_ID=2022071130079. Accessed 18 ---. China's Per Capita Share of Grain at 483
Oct. 2022. Kg. https://www.chinadaily.com.cn/a/202206/28/
WS62ba74c1a310fd2b29e69086.html. Accessed 18
Chen, Cai. “China's 2021 Soybean, Corn Markets Oct. 2022.
in Review and 2022 Outlook.” Fastmarkets, 11
Jan. 2022, https://www.fastmarkets.com/chinas- ---. “Sowing for Future: Xi Leads China’s Seed
2021-soybean-corn-markets-in-review-and-2022- Industry Vitalization_National_The People’s
outlook. Government of Henan Province.” The People’s
Government of Henan Province, https://english.
128
output of chemical pesticide technicals (converted Freitas, Tatiana, and Alfred Cang. “China to
to 100% active ingredients) in Jiangsu Province Speed Brazil Corn Imports Amid Ukraine War,
was 52,400 tons, and the cumulative output from US Tensions - BNN Bloomberg.” BNN, 11 Aug.
January to May 2022 was 254,700 tons (National 2022, https://www.bnnbloomberg.ca/china-to-
Bureau of Statistics). speed-brazil-corn-imports-amid-ukraine-war-us-
tensions-1.1804711.
Post-Covid-19, agrochemical manufacturers,
and suppliers are turning to e-commerce platforms National Bureau of Statistics. “China’s Chemical
like nurture.retail, DeHaat, AgroStar, FAARMS, and Pesticide Technical Production 1.078 Million Tons
others to market agrochemical products such in First 5 Months of 2022.” ECHEMI, https://www.
as herbicides, insecticides, fungicides, and plant echemi.com/cms/849388.html. Accessed 18 Oct.
growth regulators. These platforms will open 2022.
up digital connections between manufacturers,
merchants, and dealers, allowing them to Sinha, Laltu. China Produces 90% of World’s
purchase products at low rates with the highest Agrochemical Raw Materials. http://www.fnbnews.
level of quality assurance. In addition, players are com/Top-News/china-produces-90-of-worlds-
choosing for merger and acquisition strategies agrochemical-raw-materials-66813. Accessed 18
to gain a significant market share in the industry. Oct. 2022.
The global market for agrochemicals is expected
to increase from US$214.7 billion in 2021 to TheStateCouncil.“ChinatoImproveRuralDelivery
US$259.8 billion by 2028, with a CAGR of 3.0% over Logistics System.” The State Council, https://english.
the forecast period (2022-2028). In recent decades, www.gov.cn/policies/latestreleases/202108/20/
agricultural markets have expanded as a result content_WS611f65f6c6d0df57f98dee42.html.
of increased food demand induced by the rapid Accessed 18 Oct. 2022.
growth of the human population. High population
and the resulting growth in food consumption, Wei, Xu. “Xi: Large-Scale Agriculture to Play Key
soil degradation, limited agricultural land, and Role.” China Daily, https://www.chinadaily.com.
increased consumer awareness of the benefits of cn/a/202206/29/WS62bb86eca310fd2b29e691e0.
agrochemicals are the primary factors driving the html. Accessed 18 Oct. 2022.
global agrochemicals industry (Sinha).
Xinhua. “China Passes New Law to
Works Cited Strengthen Black Soil Protection.” China Daily,
//global.chinadaily.com.cn/a/202206/24/
Abbott, Chuck. “After Reaching ‘Peak Cotton,’ a WS62b54d34a310fd2b29e68600.html. Accessed
Declining Role for China.” Successful Farming, 10 18 Oct. 2022.
Aug. 2022, https://www.agriculture.com/news/
business/after-reaching-peak-cotton-a-declining- ---. “China's Grain Output Expected to
role-for-china. Remain Stable: Report.” China Daily, https://
www.chinadaily.com.cn/a/202204/21/
CCFGroup. 2022 China State Cotton Reserves WS6260edcca310fd2b29e58621.html. Accessed 18
Settled, No Surprise to the Market. https://www. Oct. 2022.
ccfgroup.com/newscenter/newsview.php?Class_
ID=D00000&Info_ID=2022071130079. Accessed 18 ---. China's Per Capita Share of Grain at 483
Oct. 2022. Kg. https://www.chinadaily.com.cn/a/202206/28/
WS62ba74c1a310fd2b29e69086.html. Accessed 18
Chen, Cai. “China's 2021 Soybean, Corn Markets Oct. 2022.
in Review and 2022 Outlook.” Fastmarkets, 11
Jan. 2022, https://www.fastmarkets.com/chinas- ---. “Sowing for Future: Xi Leads China’s Seed
2021-soybean-corn-markets-in-review-and-2022- Industry Vitalization_National_The People’s
outlook. Government of Henan Province.” The People’s
Government of Henan Province, https://english.
128
