Industry Statistics and Trends
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 2.4 % over the past five years, to reach an estimated $3.2bn in 2023.
Trends and Insights
Downstream agricultural and construction markets have contributed to revenue growth
- A strong overall agricultural performance has amplified demand for agricultural chemicals like fertilisers, pesticides and herbicides, as they’re crucial for boosting farm productivity.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Offering innovative products for agriculture and manufacturing will boost demand
- Wholesalers will likely emphasise high-quality products to boost future demand, particularly for agricultural products. Advanced plant protection and animal health solutions will present opportunities to supply innovative chemicals that enhance farm productivity.
Biggest companies in the Industrial and Agricultural Chemical Product Wholesaling in New Zealand
| Company | Market Share (%)
2025 | Revenue ($m)
2025 |
|---|---|---|
BOC | 402.4 | |
Ixom Operations Pty Ltd | 132.9 | |
Nufarm Limited (NZ Branch) | 110.9 |
To view the market share and analysis for all 7 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Agricultural chemical products, Polymers and plastic products and Pigments and colour chemicals. Agricultural chemical products is the largest segment of the Industrial and Agricultural Chemical Product Wholesaling in New Zealand.
Trends and Insights
Agricultural chemical product wholesaling has benefited from strong fertiliser prices and demand
- The agricultural chemical products segment includes crop protection products, like herbicides, insecticides and pesticides; fertilisers; animal health products, including dip products; and other agricultural chemicals.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Industry operators wholesale a range of industrial and agricultural chemicals, fertiliser, pesticides, herbicides and allied products. Firms that wholesale pharmaceuticals or personal care products are excluded from the industry.
What's included in this industry?
Agricultural chemical products wholesalingPolymer and plastic product wholesalingPigment and colour chemical wholesalingIndustrial chemical and gas wholesalingExplosives wholesaling (except ammunition)Marine oil, methylated spirit and oil treating compound wholesalingPhotographic chemical, plasticiser, polish and synthetic rubber wholesalingAcid, adhesive, bleaching compound, detergent and gelatine wholesalingCompanies
BOCIxom Operations Pty LtdNufarm Limited (NZ Branch)Purchase this report to view all 7 major companies in this industry.
Related Terms
CROP PROTECTION PRODUCTSBASIC CHEMICALSPLASTICISERIndustry Code
ANZSIC 3323 - Industrial and Agricultural Chemical Product Wholesaling in New Zealand
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Rising demand for various agricultural and industrial chemical products has lifted industry revenue over the past five years. However, global trade and pricing dynamics have ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Favourable agricultural conditions have recently boosted demand for agricultural chemicals like fertilisers. Soaring fertiliser prices in 2021-22 elevated revenue generated f...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
General population trends, the location of major farming regions and customer business locations influence the distribution of industry establishments. Industry wholesalers t...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Chemical product wholesalers mainly compete on price, product range and customer service. Operators face intense price competition for generic products, like basic fertiliser...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Most of the industry's larger companies are subsidiaries of major multinational companies, typically importing and distributing chemical products. Most of these firms operate...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of BOC's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Ixom Operations Pty Ltd's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Nufarm Limited (NZ Branch)'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for 4 additional companies
Detailed analysis
- Description and key data for BOC, and factors influencing its performance in the industry
- Description and key data for Ixom Operations Pty Ltd, and factors influencing its performance in the industry
- Description and key data for Nufarm Limited (NZ Branch), and factors influencing its performance in the industry
- Description, key data and performance trends for 4 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Industrial and Agricultural Chemical Product Wholesaling industry is subject to extensive regulatory requirements, as many of its products are hazardous. Industry wholesa...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Over the past five years, chemical wholesalers increased profit margins by passing higher product prices to buyers amid strong demand from agriculture and construction. Speci...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Industrial and Agricultural Chemical Product Wholesaling industry in New Zealand in 2024?
The market size of the Industrial and Agricultural Chemical Product Wholesaling industry in New Zealand is $3.2bn in 2024.
How many businesses are there in the Industrial and Agricultural Chemical Product Wholesaling in New Zealand industry in 2023?
There are 459 businesses in the Industrial and Agricultural Chemical Product Wholesaling industry in New Zealand, which has grown at a CAGR of 1.5 % between 2018 and 2023.
Has the Industrial and Agricultural Chemical Product Wholesaling industry in New Zealand grown or declined over the past 5 years?
The market size of the Industrial and Agricultural Chemical Product Wholesaling industry in New Zealand has been growing at a CAGR of 2.4 % between 2018 and 2023.
What is the forecast growth of the Industrial and Agricultural Chemical Product Wholesaling industry in New Zealand over the next 5 years?
Over the next five years, the Industrial and Agricultural Chemical Product Wholesaling industry in New Zealand is expected to grow.
What are the biggest companies in the Industrial and Agricultural Chemical Product Wholesaling market in New Zealand?
The biggest companies operating in the Industrial and Agricultural Chemical Product Wholesaling market in New Zealand are BOC, Ixom Operations Pty Ltd and Nufarm Limited (NZ Branch)
What does the Industrial and Agricultural Chemical Product Wholesaling in New Zealand include?
Agricultural chemical products wholesaling and Polymer and plastic product wholesaling are part of the Industrial and Agricultural Chemical Product Wholesaling industry.
Which companies have the highest market share in the Industrial and Agricultural Chemical Product Wholesaling in New Zealand?
The company holding the most market share in New Zealand is BOC.
How competitive is the Industrial and Agricultural Chemical Product Wholesaling industry in New Zealand?
The level of competition is high and increasing in the Industrial and Agricultural Chemical Product Wholesaling industry in New Zealand.
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Competitors
View all industries in New Zealand
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in New Zealand include:
- Statistics New Zealand
- New Zealand Company Register
- Ministry of Business, Innovation & Employment
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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