The global agriculture industry contributes USD 2.4 trillion, making the market as important as any other industry in the world. Led by the top 10 largest agricultural companies in the world in 2020, the global agricultural market employs over one billion people worldwide. The top agriculture company in the world by revenue is Cargill, bringing in USD 114.69 billion last year. The top 3 agriculture companies are then rounded out by ADM and Bayer. The biggest drivers of food demand are population and income — and both are on the rise. By 2050, the world population will be 9.1 billion, up from 7.4 billion in 2016. According to the UN, the best agriculture companies must increase food production by 70 percent compared to 2007 levels to meet the needs of the larger population.
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Who are the top 10 largest agricultural companies in the world in 2020? This is the complete list of the top agriculture companies in 2020 ranked by their revenues in USD billions.
Rank | Name of Company | Revenue (USD billions) | Headquarters |
1 | Cargill | 114.69 | Minnetonka, Minnesota, U.S. |
2 | ADM | 64.34 | Chicago, Illinois, U.S. |
3 | Bayer | 51.18 | Leverkusen, Germany |
4 | John Deere | 37.35 | Moline, Illinois, U.S. |
5 | CNH Industrial | 28.1 | London, United Kingdom |
6 | Syngenta | 23 | Basel, Switzerland |
7 | DuPont | 21.57 | Wilmington, Delaware, U.S. |
8 | Nutrien | 19.6 | Saskatoon, Saskatchewan, Canada |
9 | Yara International | 12.9 | Oslo, Norway |
10 | BASF | 6.8 | Ludwigshafen, Germany |
Ranking number 1 on our list of top 10 largest agricultural companies in the world in 2020 is Cargill, an American privately held global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Cargill is a family-owned business, as the descendants of the founder (from the Cargill and MacMillan families) own over 90% of it. Cargill Employs over 166,000 employees in 66 countries, it is responsible for 25% of all United States grain exports. Last year, Cargill generated USD 114.69 billion in revenues — making it the top agriculture companies in the world.
The Archer-Daniels-Midland Company ranks 2nd on our list of the largest agricultural companies in the world in 2020. ADM is an American multinational food processing and commodities trading corporation, headquartered in Chicago, Illinois. ADM operates more than 270 plants and 420 crop procurement facilities worldwide, where cereal grains and oilseeds are processed into products used in food, beverage, nutraceutical, industrial, and animal feed markets worldwide. ADM revenues reached USD 64.34 billion — making it one of the top agriculture companies in the world.
Ranking number 3 on our list of the top 10 largest agricultural companies in the world is Bayer. Bayer is a German multinational pharmaceutical and life sciences company and one of the largest pharmaceutical companies in the world. Bayer is also one of the leading crop science companies in the world with more than 35 research sites and 175 breeding sites globally. In 2018, Bayer acquired Monsanto, a leading producer of genetically engineered crops, for $63 billion. Bayer CropScience develops genetically modified crops and pesticides. Last year Bayer generated USD 51.18 billion — making it one of the best agriculture companies in the world.
Ranking 4th on this list of the top 10 largest agricultural companies in the world in 2020. John Deere is an American corporation that manufactures agricultural, construction, and forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment, and lawn care equipment. John Deere’s agricultural products include, among others, tractors, combine harvesters, cotton harvesters, balers, planters/seeders, silage machines, and sprayers. John Deere generated USD 37.35 billion last year, making it one of the top agriculture companies in the world in 2020.
CNH Industrial ranks 5th on this list of the top 10 largest agricultural companies in the world in 2020. CNH Industrial is an American Italian multinational corporation with corporate offices in Amsterdam and Basildon. CNH Industrial designs produce, and sells agricultural equipment and construction equipment (Case IH and New Holland brand families), trucks, commercial vehicles, buses, and special vehicles (Iveco), in addition to powertrains for industrial and marine applications (FPT Industrial). CNH Industrial last year generated USD 28.1 billion — making it one of the best agriculture companies in the world.
Syngenta ranks 6th on this list of the top 10 largest agricultural companies in the world in 2020. Syngenta is a global company that produces agrochemicals and seeds and is based in Basel, Switzerland. Syngenta conducts genomic research. Syngenta ranks third in seeds and biotechnology sales. Syngenta has eight primary product lines which it develops, markets, and sells worldwide; Its five product lines for pesticides are selective herbicides, non-selective herbicides, fungicides, insecticides, and seed care. Three product lines for seed products include corn and soya, other field crops, and vegetables. Last year Syngenta generated USD 23 billion.
DuPont ranks 7th on this list of the top 10 largest agricultural companies in the world. DuPont is an American company formed by the merger of Dow Chemical and E. I. du Pont de Nemours and Company on August 31, 2017, and the subsequent spinoffs of Dow Inc. and Corteva. Before the merger, DuPont was the world’s largest chemical company in terms of sales. The merger has been reported to be worth an estimated $130 billion. DuPont generated USD 21.57 billion — making it one of the top agriculture companies in the world.
Nutrien ranks 8th on this list of the top 10 largest agricultural companies in the world in 2020. Nutrien is a Canadian fertilizer company based in Saskatoon, Saskatchewan. Nutrien is the largest producer of potash and the third-largest producer of nitrogen fertilizer in the world. Nutrien’s main competitors include other potash, phosphate, and nitrogen producers, such as The Mosaic Company, Yara International ASA, CF Industries Holdings Inc, and K+S AG. Last year Nutrien generated USD 19.6 billion.
Ranking 9th on this list of the top 10 largest agricultural companies in the world is Yara International. Yara International is a Norwegian chemical company, known for the production of nitrogen fertilizer, nitrates, ammonia, urea, and other nitrogen-based chemicals. Yara International’s agricultural products include fertilizer and solutions, covering all necessary nutrients for any crop
Rounding out BizVibe’s list of the top 10 largest agricultural companies in the world in 2020. BASF is a German multinational chemical company and the largest chemical producer in the world. BASF subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. BASF last year generated USD 6.8 billion — making it one of the largest agricultural companies in the world.
This is BizVibe’s list of the top 10 largest agricultural companies. Keep track of these companies on BizVibe.
The United Nations forecast of a “70% increase in global food demand by 2050”. This demand will be met by the top 10 largest agricultural companies in the world in 2020 as they continue to innovate and make food production more cost-effective and efficient.
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