In my last blog “Recent Composite Materials Sales Growth” (posted on August 8, 2014), I presented an average compound annual growth rate (CAGR) of 3.1% for composite materials sales. This 3.1% is based on the 2011 to 2013 composite materials sales of six companies, companies that are believed to dominate global composite materials sales.
Using the same approach as in this last blog, I now have determined the CAGR for crop protection chemical sales by nine companies (BASF; American Vanguard; FMC; Chemtura; Cheminova; Syngenta; Bayer CropScience; Nufarm; and Isagro). The average CAGR for these nine companies from 2011 to 2013 is 5.8%. These nine companies include many of the companies with the largest global crop protection chemical sales, such as Syngenta, Bayer CropScience, and BASF. Other large crop protection sales companies such a Dow and DuPont could not be included in the CAGR computation because their annual reports do not separate out only crop protection chemical sales from other agricultural-related businesses such as seeds sales.
However, the nine companies likely represent a significant amount of total global crop protection sales, and the 5.8% CAGR amount probably is a reasonably close percentage for the global demand increase for crop protection chemicals over the last 3 years (2011 to 2013). Such a percentage, it seems to me, can be a useful benchmark for global crop protection sales companies to measure their sales performance by.