The 8 World's Biggest Agricultural Pest Control Companies in 2023

 

8 World’s Biggest Agricultural Pest Control Companies in 2023- According to Annual Report in 2023, 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 to reduce the infestation of pests in many crops which affect the decreased yield of the crops. Finally, it can substantially help farmers to give the best production of harvested crops. To date, most farmers still fully depend on the usage of pest control products to protect their crops from dangerous and unpredictable pests from time to time.

Basically, all pest control companies in Agriculture industries provide the best product of pesticides (insecticides, fungicides, and herbicides) to the users. Many companies strive to launch new products with different active ingredients and dosage to help farmers from unpredictable pests from time to time. With unpredictable conditions of earth, some of the species of pest can grow and change physically and physically and habits. So, in response to these conditions, many pest control companies improved the formulation of their pesticides and launched new products of pesticides.  

 Of all pest control companies in agriculture industries, only a few of them have huge markets. Billions 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 the annual report in 2023.

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	€ 116,259 million	$ 129,047 million	€ 85,951 million	$ 95,406 million
2	BASF	€ 77,395 million	$ 85,908 million	€ 40,750 million	$ 45,232 million
3	Corteva	$ 42,996 million	$ 42,996 million	$ 17,717 million	$ 17,717 million
4	Syngenta	$ 32,692 million	$ 32,692 million	$ 25,326 million	$ 25,326 million
5	Sumitomo	¥ 3,934 billion	$ 27,931 million	¥ 2,770 billion	$ 19,667 million
6	FMC	$ 11,926 million	$ 11,926 million	$7,493 million	$7,493 million
7	Nufarm	$ 4,625 million	$ 4,625 million	$ 2,315 million	$ 2,315 million
8	UPL	₹ 87,546	$ 1,050 million	₹ 54,840	$ 658 million
Source: Annual Report, 2023
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 (€) = 1.11 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 the Balance sheet of Annual report in 2023. Basically, a 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	€ 23,270 million	$ 25,829 million	€ 5,039 million	$ 5,593 million
4	FMC	$4,486 million	$4,486 million	$ 1,321 million	$ 1,321 million
2	Syngenta	$ 19,196 million	$ 19,196 mIllion	$1,081 million	$1,081 million
3	Corteva	$ 17,226 million	$ 17,226 million	$ 735 million	$ 735 million
8	BASF	€ 68,902 million	$ 75,481 million	€ 225 million	$ 248 million
6	Nufarm	$ 3,480 million	$ 3,480 million	$ 111 million	$ 111 million
5	UPL	₹ 8,821	$ 105 million	₹ 1,111	$ 13 million
7	Sumitomo Chemical	¥ 2,446 billion	$ 17,366 million	¥ -465 billion	$ -3,301 Million
Source: Annual Report, 2023
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 the Income Statement of the company in 2023. Basically, the income statement describes the business performance of a company at a 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 brands 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 move by acquiring Monsanto which is one of the largest agricultural pesticide and seed companies from the United States. Basically, Monsanto is well-known for controversial issues behind its business performance. So far, Monsanto company is the producer and manufacturer of RoundUp herbicide and Dekalb (corn seed) brands. Financially in 2023, Bayer recorded a positive performance with revenue from pesticide sales reaching € 23,270 million / $ 25,829 million and getting net income around € 5,039 million / $ 5,593 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 has been 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 has become 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 farmers and customers. 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 2023, based on its business performance, especially in pesticide sales, Syngenta showed a positive performance by achieving revenue of $ 19,196 million and net income around $1,081 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 a main office in Wilmington, Delaware, U.S.

In addition, 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 2023, the company recorded positive performance with revenue around $ 17,226 million or net income around $ 735 million. Based on the financial positions of the company in the Balance Sheet, Corteva Agriscience has assets of around $ 42,996 million with liabilities around $ 17,717 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. Operationally, FMC still has its headquarters in Philadelphia, United States. In the world of plant protection, this company has many brands of pesticides. 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 2023, based on the annual report, the company recorded a positive performance by recording revenue of around $ 4,486 million and net income reaching $ 1,321 million. Based on the financial condition of the company in 2023, FMC has assets around $11,923 million with Liabilities around $ 7,493 million.

5. UPL

United Phosphorus (UPL) or commonly known as UPL. Ltd is a company that produces crop protection products. Operationally, UPL started its business in 1969 and still has its main office in Mumbai, Maharashtra. Statistically, 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. 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 2023, financially, this company recorded revenue of ₹ 8,821 / $ 105 million and net income reached ₹ 1,111 / $ 13 million. Based on the financial position of the company, UPL has business assets around ₹ 87,546 / $ 1,050 million and Liabilities around ₹ 54,840 / $ 658 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 2023, the company can generate revenue around $ 3,772 Million and Net income around $ 107 Million. Furthermore, based on the financial positions in the balance sheet of Annual Report in 2023, Nufarm has business total assets around $ 4,625 million and total liabilities around $ 2,315 million. Commonly, Nufarm has some of the pest control products namely, Arena, Attack, Teppan, Depitox, and many more.

 

7. Sumitomo Chemical

Sumitomo Chemical Co., Ltd., or Sumitomo Kagaku Kabushiki-gaisha is an experienced agrochemical company. Historically, the foundation of Sumitomo Chemical in business was located in Ehime, September 1913. In the early years, this company produced some fertilizer, namely calcium superphosphate fertilizer and diversified their business in agrochemicals. Operationally, this company has a main office in Tokyo Sumitomo Twin Building (East), 27-1, Shinkawa 2-chome, Chūō, Tokyo. In 2023, based on the financial performance of the Annual Report in 2023, the company generated revenue around ¥ 2,446 billion / $ 17,336 million and net loss reached ¥ 465 billion / $ 3,301 million. Based on the balance sheet of Sumitomo Chemical in 2023, this company has assets around ¥ 3,934 billion / $ 27,931 million and liabilities around ¥ 2,770 billion / $ 19,667 million.

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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 products, BASF has some products on crop protection. These products include Ascend, Fastac, Kotetsu, Perfekthion, Regent, Stampede and many more.

Financially, in 2023, Although BASF gained revenue around € 68,902 million / $ 75,481 million and this company successfully has positive performance which reaping net income of around € 225 million / $ 248 Million. Furthermore, based on the balance sheet of BASF in 2023, this company has assets around € 77,395 million / $ 85,908 Million and Liabilities around € 40,750 million / $ 45,232 million.

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Summary of World’s Biggest Agricultural Pest Control Companies in 2023

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Bibliography of 8 World’s Biggest Agricultural Pest Control Companies

Bayer. 2024. Annual Report 2023. Accessed via https://www.bayer.com/en/investors/integrated-annual-reports on June 15, 2024.

Syngenta. 2024. Annual Report 2023. Accessed via https://www.syngenta.com/en/about/bond-investor-information/financial-results on June 15, 2024.

Corteva. 2024. Annual Report 2023. Accessed via https://investors.corteva.com/ on June 15, 2024.

FMC. 2024. Annual Report 2023. Accessed via https://investors.fmc.com/financials/annual-reports-and-proxy-statements/default.aspx on June 15, 2024.

UPL. 2024. Annual Report 2023. Accessed via https://www.upl-ltd.com/investors/financial-results-and-reports/annual-reports  on June 15, 2024.

Nufarm. 2024. Annual Report 2023. Accessed via https://nufarm.com/financial-reports/ on June 15, 2024.

Sumitomo. 2024. Annual Report 2023. Accessed via https://www.sumitomocorp.com/en/jp/ir/financial/investors-guide/2022 on June 15, 2024.

BASF. 2024. Annual Report 2023. Accessed via https://report.basf.com/2022/en/ on June 15, 2024.