In this piece, we will take a look at the top 25 agrochemical companies in the world. For more companies, head on over to Top 5 Agrochemical Companies in the World.
The ongoing Russian invasion of Ukraine, which is about to enter a full twelve months upended global agriculture supply chains. Both Russia and Ukraine are among the world’s top agricultural and food products exporters, and a conflict between them cast doubt on the integrity of the global supply chain. As an illustration of the importance of both countries in the global food supply chain, data from the Organization for Economic Co-operation and Development (OECD) shows that as of August 2022, Russia and Ukraine were responsible for producing 13% of the world’s wheat – with the lion’s share of 10% going to Russia. This made Russia the world’s largest wheat exporter and Ukraine the fifth largest.
Similarly, data from the U.S. Department of Agriculture shows that apart from wheat, Ukraine was the world’s largest sunflower producer, the second largest producer of sunflower oil and sunflower meal, and the fourth largest producer of barley. Why is this important? Well, the Ukraine invasion has led to supply diversification across a host of sectors, such as energy, and including agriculture. This has had an effect on the stock market as well. For instance, shares of CF Industries Holdings, Inc. (NYSE:CF), a nitrogen producer, are up by 23% over the year despite a wider bloodbath in the stock market.
Zoning in on the agrochemical industry, this market, which consists of firms that produce fertilizers and pesticides, was worth $231 billion in 2020 according to research from Allied Market Research. Additionally, the research firm believes that the industry will grow at a compounded annual growth rate (CAGR) of 2.9% between 2021 and 2030 to be worth an estimated $315 billion by the end of the forecast period. In terms of market composition, fertilizers is the largest segment and will remain so over the course of this decade.
Today’s piece will look at the top agrochemical companies in the world. Out of these, the largest players are Corteva, Inc. (NYSE:CTVA), BASF SE (ETR:BAS.DE), and Bayer Aktiengesellschaft (OTCMKTS:BAYRY).
Our Methodology
We studied the agriculture industry in detail to sift out companies that are publicly listed and sell either fertilizers, or pesticides, or both. The firms are ranked according to their latest market capitalization.
Top 25 Agrochemical Companies in the World
25. AgroFresh Solutions, Inc. (NASDAQ:AGFS)
Market Capitalization as of January 26, 2023: $157 million
AgroFresh Solutions, Inc. (NASDAQ:AGFS) is an American farming company that was set up in 1994 and is headquartered in Philadelphia Pennsylvania. The company provides different agrochemical products such as fungicides and disinfectants.
By the end of last year’s third quarter, two out of the 920 hedge funds polled by Insider Monkey had bought a stake in AgroFresh Solutions, Inc. (NASDAQ:AGFS).
Out of these, Jim Simons’ Renaissance Technologies is AgroFresh Solutions, Inc. (NASDAQ:AGFS)’s largest shareholder. It owns 416,111 shares that are worth $624,000.
Along with BASF SE (ETR:BAS.DE), Corteva, Inc. (NYSE:CTVA), and Bayer Aktiengesellschaft (OTCMKTS:BAYRY) AgroFresh Solutions, Inc. (NASDAQ:AGFS) is one of the largest agrochemical companies in the world.
24. American Vanguard Corporation (NYSE:AVD)
Market Capitalization as of January 26, 2023: $670 million
American Vanguard Corporation (NYSE:AVD) is a California based agricultural chemicals company. The firm’s products include insecticides, fungicides, herbicides, and others. It is based in Newport Beach.
Insider Monkey took a look at 920 hedge fund portfolios for 2022’s third quarter to discover that 10 had invested in American Vanguard Corporation (NYSE:AVD).
American Vanguard Corporation (NYSE:AVD)’s largest shareholder in our database is Keith M. Rosenbloom’s Cruiser Capital Advisors which owns 779,954 shares that are worth $14.5 million.
23. Bioceres Crop Solutions Corp. (NASDAQ:BIOX)
Market Capitalization as of January 26, 2023: $763 million
Bioceres Crop Solutions Corp. (NASDAQ:BIOX) is an agricultural business that provides products and solutions that range from seeds to inputs required during the planting process. Its agrochemical products include insecticides, herbicides, fungicides, baits, and therapies. The firm is based in Rosario, Argentina.
Five out of the 920 hedge funds part of Insider Monkey’s September quarter of 2022 research had held a stake in Bioceres Crop Solutions Corp. (NASDAQ:BIOX).
Bioceres Crop Solutions Corp. (NASDAQ:BIOX)’s largest investor is Craig Peskin and Peter Fleiss’s Solel Partners which owns 4.5 million shares that are worth $59 million
22. The Andersons, Inc. (NASDAQ:ANDE)
Market Capitalization as of January 26, 2023: $1.2 billion
The Andersons, Inc. (NASDAQ:ANDE) is a U.S. based diversified agricultural company. The firm offers several products and services such as trade operations and plant nutrition. The latter segment provides fertilizers, pelleted lime, and weed and pest control products, among others.
Insider Monkey took a look at 920 hedge fund holdings for Q3 2022 to discover that 16 had bought The Andersons, Inc. (NASDAQ:ANDE)’s shares.
George Mccabe’s Portolan Capital Management is The Andersons, Inc. (NASDAQ:ANDE)’s largest hedge fund investor through an $8.2 million stake that comes via 264,745 shares.
21. DCM Shriram Limited (NSE:DCMSHRIRAM.NS)
Market Capitalization as of January 26, 2023: $1.6 billion (1INR = 0.012USD)
DCM Shriram Limited (NYSE:DCMSHRIRAM.NS) is an Indian company that is headquartered in New Delhi. It makes and sells farming products such as calcium carbide, aluminum chloride, fertilizers, crop health management chemicals, and other agrochemical products.
20. Nufarm Limited (ASX:NUF.AX)
Market Capitalization as of January 26, 2023: $1.6 billion (1AUD = 0.71USD)
Nufarm Limited (ASX:NUF.AX) is an Australian company that is headquartered in Laverton North. The firm was set up in 1916 and it develops, makes, and sells crop protection products all over the world. Some of these include pest control and seed protection products.
19. Alamo Group Inc. (NYSE:ALG)
Market Capitalization as of January 26, 2023: $1.82 billion
Alamo Group Inc. (NYSE:ALG) is a farming equipment company. It makes and sells a wide variety of machinery, such as tractor mowers and cutters. On the agrochemical side of things, the company provides products that allow farmers to apply fertilizers to their crops.
By the end of last year’s third quarter, 11 out of the 920 hedge funds polled by Insider Monkey had bought Alamo Group Inc. (NYSE:ALG)’s shares.
Alamo Group Inc. (NYSE:ALG)’s largest shareholder is James A. Star’s Longview Asset Management which owns 1.3 million shares that are worth $166 million.
18. Bayer CropScience Limited (NSE:BAYERCROP.NS)
Market Capitalization as of January 26, 2023: $2.5 billion (1INR = 0.012USD)
Bayer CropScience Limited (NSE:BAYERCROP.NS) is an Indian company that is headquartered in Thane. The firm makes and sells products including herbicides, fungicides, and insecticides all over the world in countries such as Germany and Bangladesh. Additionally, the firm also provides medical imaging equipment.
17. Sinochem International Corporation (SHA:600500.SS)
Market Capitalization as of January 26, 2023: $3.71 billion (1CNY = 0.15USD)
Sinochem International Corporation (SHA:600500.SS) is a Chinese state owned firm that is headquartered in Shanghai. The company is China’s largest fertilizer and agrochemical company. Additionally, it also owns the Swiss firm Syngenta AG, which is another key player in the pesticide, herbicide, and plant nutrient industries. Another key firm owned by its partner is ADAMA Ltd. However, Sinochem International Corporation (SHA:600500.SS) has been blacklisted by the U.S. government due to ties with the Chinese military.
16. Hektas Ticaret T.A.S. (IST:HEKTS.IS)
Market Capitalization as of January 26, 2023: $4.46 billion (1TRY = 0.053USD)
Hektas Ticaret T.A.S. (IST:HEKTS.IS) is a Turkish company that is headquartered in Gebze. The firm makes and sells a host of different farming products such as nematicides, fungicides, fumigants, insecticides, herbicides, fertilizers, and other agrochemical products.
15. Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY)
Market Capitalization as of January 26, 2023: $6.17 billion
Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) is a diversified Japanese chemical company with stakes in several industries. Out of these, its fertilizer division is responsible for making and selling fertilizers, insecticides, and other crop protection products.
14. UPL Limited (NSE:UPL.NS)
Market Capitalization as of January 26, 2023: $6.8 billion (1INR = 0.012USD)
UPL Limited (NSE:UPL.NS) is an Indian company that is headquartered in Mumbai and was set up in 1969. The firm has a proprietary crop protection solution that is called ProNutiva. Alongside this, it also makes and sells herbicides, insecticides, fungicides, and other products.
13. OCI N.V. (AMS:OCI.AS)
Market Capitalization as of January 26, 2023: $7.5 billion (1EUR = 1.09USD)
OCI N.V. (AMS:OCI.AS) is a Dutch company headquartered in Amsterdam. It sells urea, and different kinds of ammonium products such as ammonium sulfate and nitrate, nitric acid, and others. The firm has operations all over the globe, including the U.S., Europe, Asia, and the Middle East.
12. AGCO Corporation (NYSE:AGCO)
Market Capitalization as of January 26, 2023: $10 billion
AGCO Corporation (NYSE:AGCO) is an American company that sells heavy equipment that also serves the needs of farmers. Its products also include equipment for applying fertilizer, both wet and dry, crop protection chemicals, and others. The firm is based in Duluth, Georgia.
Insider Monkey took a look at 920 hedge fund holdings for the third quarter of 2022 to discover that 24 had bought AGCO Corporation (NYSE:AGCO)’s shares.
AGCO Corporation (NYSE:AGCO)’s largest investor is Ken Griffin’s Citadel Investment Group which owns 1.6 million shares that are worth $156 million.
11. ICL Group Ltd (NYSE:ICL)
Market Capitalization as of January 26, 2023: $10.3 billion
ICL Group Ltd (NYSE:ICL) is an Israeli company that is headquartered in Tel Aviv. The firm sells potassium, phosphate, and nitrogen based fertilizers through multiple business divisions.
17 of the 920 hedge funds part of Insider Monkey’s Q3 2022 920 hedge fund survey had bought ICL Group Ltd (NYSE:ICL)’s shares.
10. Public Joint-Stock Company PhosAgro (MCX:PHOR.ME)
Market Capitalization as of January 26, 2023: $14.5 billion (1RUB = 0.015USD)
Public Joint-Stock Company PhosAgro (MCX:PHOR.ME) is a Russian company set up in 2001 and headquartered in Moscow. The firm is primarily a fertilizer company that sells its products in its home country and abroad. These are phosphate and nitrogen fertilizers, such as ammonium nitrate, ammophos, ammonia, and sodium tripolyphosphate. Despite the Ukraine war, Public Joint-Stock Company PhosAgro (MCX:PHOR.ME) grew its revenue by a whopping 91% during the first half of 2022.
9. The Mosaic Company (NYSE:MOS)
Market Capitalization as of January 26, 2023: $16.3 billion
The Mosaic Company (NYSE:MOS) is an American firm headquartered in Tampa, Florida. It is a diversified fertilizer company that owns and operates mines through which it extracts the materials for its products.
By the end of 2022’s September quarter, 46 of the 920 hedge funds polled by Insider Monkey had invested in The Mosaic Company (NYSE:MOS).
The Mosaic Company (NYSE:MOS)’s largest shareholder is Eric W. Mandelblatt’s Soroban Capital Partners which owns 6.8 million shares that are worth $332 million.
8. CF Industries Holdings, Inc. (NYSE:CF)
Market Capitalization as of January 26, 2023: $16.4 billion
CF Industries Holdings, Inc. (NYSE:CF) is an American company set up in 1946 and headquartered in Deerfield, Illinois. The firm makes and sells ammonium, urea ammonium nitrate, granular urea, and other products.
Insider Monkey studied 65 hedge fund holdings for last year’s third quarter to discover that 65 had bought CF Industries Holdings, Inc. (NYSE:CF)’s shares.
CF Industries Holdings, Inc. (NYSE:CF)’s largest investor is Eric W. Mandelblatt’s Soroban Capital Partners which owns 2.4 million shares that are worth $239 million.
7. FMC Corporation (NYSE:FMC)
Market Capitalization as of January 26, 2023: $16.4 billion
FMC Corporation (NYSE:FMC) is an American farming company that develops and sells agricultural protection products. These include seed treatment products, crop nutrition solutions, and herbicides, among others.
By the end of Q3 2022, 28 out of the 920 hedge funds polled by Insider Monkey had bought FMC Corporation (NYSE:FMC)’s shares.
FMC Corporation (NYSE:FMC)’s largest investor is Ken Griffin’s Citadel Investment Group which owns 1.2 million shares that are worth $130 million.
6. SABIC Agri-Nutrients Company (TADAWUL:2020.SR)
Market Capitalization as of January 26, 2023: $17.7 billion
SABIC Agri-Nutrients Company (TADAWUL:2020.SR) is a Saudi Arabian company, which is partially owned by the Saudi government. The firm claims to be one of the largest fertilizer companies in the world. It makes and sells urea, ammonia, nitrogen, methanol, phosphate, and other fertilizers.
Corteva, Inc. (NYSE:CTVA), BASF SE (ETR:BAS.DE), and Bayer Aktiengesellschaft (OTCMKTS:BAYRY) are met by SABIC Agri-Nutrients Company (TADAWUL:2020.SR) in our list of the biggest agrochemical companies.
Click to continue reading and see Top 5 Agrochemical Companies in the World.
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Disclosure: None. Top 25 Agrochemical Companies in the World is originally published on Insider Monkey.
