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Companies that manufacture nitrogenous and phosphatic fertilizers, pesticides, seed, or other agricultural chemical products.
The agrochemical sector, which has undergone considerable consolidation in recent years, is now dominated by four global companies: Syngenta, Bayer, BASF, and Monsanto. A long downturn in farming has prompted mergers and acquisitions in the crop protection market. These large agrochemical producers are better able to withstand regional shocks such as bad weather, economic crisis, or tighter regulation.
Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Agricultural Chemicals maps to a number of NAICS codes including:
Using the 2002 Census Bureau Economic Census, Hoover's has generated an industry financial summary for the Agricultural Chemicals industry.