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:
http://www.etcgroup.org/en/materials/publications.html?pub_id=707
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%.
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Who Owns Nature?
Report from ETC Group
[Extracts only]
Agrochemical Industry
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.
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