The concentration of Brazil’s agrochemical market in large transnational corporations is getting higher and higher. This will be worse than the “oligopoly”. Recently, Tulio Teixeira de Oliveira, executive president and agronomist of Brazilian Association of Nonproprietary Pesticides, made the above comment.
He said, “When the market is monopolized by a few competitors, we call this phenomenon an oligopoly. This monopoly has intensified, further limiting the room for growth of other competitors. This is one of the largest agrochemical markets in the world. What is going on in Brazil.”
From 2015 to 2017, the market value of the Brazilian agrochemical industry has been maintained at around US$9 billion, which also indicates that Brazil accounts for about 15% of the global market. Oliveira said, “In the past three years, the top nine companies in the market have owned 70% of Brazil’s agrochemical market share. This is already a considerable number, and it is likely to increase further.”
According to Oliveira, the market concentration will be greater next year because the number of companies with the largest market share will be reduced from 9 to 5. Dow and DuPont have already merged. Now Bayer will acquire Monsanto again. Syngenta and Andorma are independent, but they still represent China National Chemical Corporation. Companies with 70% market share will further focus on Bayer, Syngenta/Andorma, Corteva (Dow/DuPont), BASF, and Fumeishi.
| Thiourea |