Renewed expansion of the global agrochemicals market and recovery in demand in major countries
First written in FY2019-Q4. 4 of 8 entries say "Restated". Latest entry: FY2026.
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- FY2026ReframedAnnual report
「Although farmers' economic conditions remained difficult and agrochemical prices stayed low, as in the previous fiscal year, the global agrochemical market showed improvement in local-currency terms because weather conditions recovered in many regions and opportunities to use agrochemicals increased as the area planted expanded.」
In contrast to the previous explanation of a contraction in market size and falling prices, the company summarizes that the market improved in local-currency terms as weather conditions recovered and the area planted expanded, increasing opportunities to use agrochemicals. - 2026-05-13MitigatedRevision of earnings forecasts
「Weather conditions recovered in many regions, and opportunities to use crop protection products increased as planted acreage expanded, resulting in improvement in local-currency terms.」
The global crop protection market, previously described as contracting, showed improvement in local-currency terms in many regions. Crop protection product prices, however, remained low. - FY2025WorsenedAnnual report
「In 2024, the market contracted from the previous year because many regions were affected by adverse weather conditions and prices fell sharply in major regions as distribution inventories increased for certain products, including widely used non-selective herbicides.」
The company explains that, contrary to its previous view of renewed expansion in the global agrochemical market, the market contracted in 2024 due to adverse weather, distribution inventories and lower prices. - FY2023RestatedAnnual report
「The global agrochemical market had seen slower growth, but has again been on an expansionary trend in recent years due to increased demand in the Americas and other regions.」
The company reconfirms its view that the global agrochemical market is on a renewed expansionary trend, driven by increased demand in the Americas and other regions. - FY2022RestatedAnnual report
「The global agrochemical market had seen slower growth in recent years, but is again on an expansionary trend due to increased demand in the Americas and other regions.」
The company reconfirms its view that the global agrochemical market is on a renewed expansionary trend, driven by increased demand in the Americas and other regions. - FY2021-Q2RestatedAnnual report
「The environment surrounding agriculture is expected to continue expanding, driven by growing demand for agricultural products amid global population growth and economic development in emerging countries.」
The company reconfirms the outlook for expanding demand for agricultural products, driven by global population growth and economic development in emerging countries. - FY2020-Q1RestatedAnnual report
「In overseas agricultural chemical sales, net sales at Sipcam Nichino Brasil S.A. increased as demand recovered in Brazil, the world's largest market.」
The company reconfirms the recovery in demand in Brazil and growth in subsidiary sales as developments in a major country indicating renewed expansion of the global agrochemical market. - FY2019-Q4First statedAnnual report
「The global agrochemical market had seen slower growth in recent years, but has returned to an expansionary trend as demand increases in major countries such as Brazil and the United States.」
The company explains that the global agrochemical market has shifted from slower growth in recent years to renewed expansion, driven by increased demand in major countries such as Brazil and the United States.