Monday, February 2, 2009
Who Owns Nature? Pharma, Of Course!
Further extracts from ETC Group's recently released report, "Who Owns Nature?" These are from the section about the pesticde industry. For the full report:
According to the report, the world's six largest agrochemical manufacturers, who control nearly 75% of the global pesticide market, are also seed industry giants.
It's worth breaking this down by company.
Bayer: the world's biggest agrochemical company is also the world's seventh biggest seed company.
Syngenta: the world's second largest agrochemical company is also the world's third largest seed company.
Monsanto: the world's biggest seed company is the world's fifth largest agrochemical company.
And DuPont: the world's second biggest seed company is also the world's sixth largest agrochemical company.
All these companies are gene giants.
Weed killers (herbicides) account for about one-third of the global pesticide market, and around 80% of GM seeds involve herbicide-resistance.
The worldwide market for agrochemicals grew last year by nearly 10%.
Who Owns Nature?
Report from ETC Group
World's Top 10 Pesticide Firms
Company - Agrochemical Sales 2007 (US$ millions) - % Market Share
1.Bayer (Germany) - $7,458m - 19%
2.Syngenta (Switzerland) - $7,285m - 19%
3.BASF (Germany) - $4,297m - 11%
4.Dow AgroSciences (USA) - $3,779m - 10%
5.Monsanto (USA) - $3,599m - 9%
6.DuPont (USA) - $2,369m - 6%
7.Makhteshim Agan (Israel) - $1,895m - 5%
8.Nufarm (Australia) - $1,470m - 4%
9.Sumitomo Chemical (Japan) - $1,209m - 3%
10.Arysta Lifescience (Japan) - $1,035m - 3%
Total $34,396m - 89%
Source: Agrow World Crop Protection News, August 2008
The top 10 companies control 89% of the global agrochemical market.
The worldwide market for agrochemicals was US$38.6 billion in 2007 - up 8.4% over the previous year. The top 6 companies accounted for $28.8 billion, or 75% of the total market.
Canada - take action on genetic modification here