Overall, the total sales of Top 30 formulators in 2014 was RMB12.13 billion, up 11.6% from last year’s RMB10.87 billion, and the threshold for finalists rose to RMB150 million from RMB110 million last year, up 6.3%. Among the Top 30 companies, over 20 saw certain increase in annual sales, with the highest being 85%, from which we can see China pesticide industry is growing larger in scale.

Seen from the ranks, there is not so much change in the top 5 from last year. Shenzhen Noposion Agrochemicals Co., Ltd. topped the list again with an annual sales volume of RMB1.73 billion. With frequent merging and reorganization last year, its sales increased by 8.8% compared to that of last year. Rotam CropSciences ranked the second with an annual sales volume of RMB1.09 billion, up 1.9% from last year. In comparison, the annual sales volume of the third and fourth Syngenta (SuZhou) Crop Protection Limited and Guangxi Tianyuan Biochemistry Corp., Ltd. increased significantly, by 17.8% and 16.9% respectively, narrowing the gap with Rotam CropSciences significantly. Sino Quick Agro-Chemical Company still ranked the fifth, with an increase in sales volume of over 10%.

What’s worth mentioning is that Jinan Leeder Chemical Co., Ltd., Qingdao Jiner Agrochemicals(Group) R&D Co.,Ltd., Weifang Wansheng Biopesticide Co., Ltd. and Shanghai Yuelian Chemical Industry Co., Ltd. made to the Top 30 list this year; and Chongqing Shurong Chemical Co., Ltd., Guangxi Antai Chemicals Co., Ltd. and Yunfa Chemicals (Shanghai) Co., Ltd. saw an increase in performance of over 50% from last year, and they moved up 13, 9 and 7 places respectively, becoming the fastest growth enterprises.

Seen from the geological distribution, the Top 30 are distributed in 13 provinces, municipalities and autonomous regions nationwide, of which Jiangsu and Shanghai have the most, five in each city, while Shandong, Guangxi and Shaanxi have three. Compared to last year, the distribution is evener, indicating the gap between provinces is narrowing down.

On the whole, the data of the Top 30 show that China formulation industry is growing in scale, the effect of merging and reorganization and structural adjustment has begun to show itself, the gap between regions is narrowing down and the whole industry is currently in the rapid development phase.